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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 213 $ 9
Accounts receivable, net of allowance for doubtful accounts of $206 and $239, respectively 2,253 2,432
Inventories 5,199 5,595
Prepaid and other current assets 309 277
Total current assets 7,974 8,313
Inventories, net non-current and reserves 992 1,444
Property, plant and equipment, net of accumulated depreciation and amortization 3,352 3,621
License agreements, net 195 458
Intangible assets, net 1,655 1,784
Goodwill 493 493
Other assets 170 117
Total Assets 14,831 16,230
Current liabilities:    
Line of credit 1,910 2,664
Current portion of long-term debt 3,443 3,604
Accounts payable 1,116 1,387
Derivative liability 371 0
Accrued compensation 211 388
Accrued benefit pension liability 54 54
Income taxes payable 6 6
Other accrued expenses 289 519
Total current liabilities 7,400 8,622
Subordinated convertible debt with related parties 360 100
Long-term debt 52 10
Deferred income taxes 129 129
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $.001 par value; authorized 5,000 shares; No shares outstanding 0 0
Common stock, $.001 par value; authorized 25,000 shares, 8,465 shares Issued, 8,099 and 6,766 shares outstanding 8 8
Paid-in capital 26,053 26,361
Accumulated deficit (16,773) (12,198)
Accumulated other comprehensive loss (1,168) (1,168)
Treasury stock, at cost, 366 and 1,699 shares (1,230) (5,634)
Total stockholders' equity 6,890 7,369
Total Liabilities and Stockholders' Equity $ 14,831 $ 16,230