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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 1,006,000 $ 3,390,000
Investment securities, available-for-sale, at fair value 1,087,000 1,098,000
Accounts receivable, net    
Trade - billed (less allowance for doubtful accounts of $279 and $208) 9,833,000 8,967,000
Trade - unbilled 550,000 251,000
Inventories    
Raw materials 747,000 819,000
Finished goods 2,253,000 2,696,000
Prepaid expenses and other assets 528,000 452,000
Refundable income taxes 1,325,000 1,359,000
Total current assets 17,329,000 19,032,000
Property and equipment, net 10,481,000 9,867,000
Operating lease, net 1,076,000 0
Other assets 271,000 326,000
Total assets 29,157,000 29,225,000
Current liabilities    
Accounts payable - trade 2,731,000 3,059,000
Accrued expenses and other liabilities 695,000 588,000
Deferred revenue 1,245,000 1,144,000
Accrued compensation 621,000 1,231,000
Dividend payable 0 256,000
Current maturities of notes payable 693,000 637,000
Customer deposits 749,000 919,000
Total current liabilities 6,734,000 7,834,000
Deferred buy-back lease 1,344,000 0
Notes payable - less current maturities 3,039,000 2,896,000
Deferred tax liability 1,148,000 1,290,000
Total liabilities 12,265,000 12,020,000
Stockholders’ equity    
Preferred stock, $.01 par value; authorized 1,000,000 shares, none issued and outstanding 0 0
Common stock, $.01 par value; authorized 8,000,000 shares; 5,220,648 and 5,214,148 issued and 5,075,395 and 5,047,895 outstanding, respectively 51,000 51,000
Additional paid-in capital 5,842,000 5,719,000
Treasury stock, at cost, 40,920 shares (102,000) (102,000)
Accumulated other comprehensive loss, net (33,000) (19,000)
Retained earnings 11,134,000 11,556,000
Total stockholders’ equity 16,892,000 17,205,000
Total liabilities and stockholders' equity $ 29,157,000 $ 29,225,000