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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 48 $ 1,247
Restricted cash 482 150
Accounts receivable, net of allowance for doubtful accounts of $185 and $96 at December 31, 2017 and 2016, respectively 3,840 2,604
Costs and estimated profit in excess of billings 565 1,045
Inventories 1,285 1,404
Fair value of contingent earn-out receivable, current 373 359
Other current assets 216 237
Total current assets 6,809 7,046
Property, plant and equipment:    
Land 858 858
Buildings and improvements 2,763 2,795
Equipment 1,946 1,508
Less: accumulated depreciation and amortization (1,111) (768)
Property, plant and equipment, net 4,456 4,393
Fair value of contingent earn-out receivable, noncurrent 61 202
Goodwill 0 3,020
Intangible assets, net 1,589 2,117
Total assets 12,915 16,778
Current liabilities:    
Notes payable 5,969 3,420
Current portion of long-term debt 1,068 1,675
Trade accounts payable 4,856 3,776
Billings in excess of costs and estimated profit 983 652
Accrued compensation 416 407
Fair value of contingent earn-out payable 0 967
Other accrued liabilities 2,370 2,264
Total current liabilities 15,662 13,161
Long-term debt, less current provision 3,061 14,069
Deferred income taxes 28 19
Commitments and contingencies (see Notes 18 and 19)
Shareholders' deficit:    
Preferred stock, $.001 par value; 2,000,000 shares authorized; 546,466 shares issued and outstanding at December 31, 2017 0 0
Common stock, $.001 par value; 7,500,000 shares and 3,200,000 shares authorized as of December 31, 2017 and 2016, respectively; 2,396,219 shares issued and outstanding at December 31, 2017 and 2,366,219 issued and outstanding at December 31, 2016 2 2
Additional paid-in capital 83,014 69,702
Accumulated deficit (88,852) (80,175)
Total shareholders' deficit (5,836) (10,471)
Total liabilities and shareholders' deficit $ 12,915 $ 16,778