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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 468 $ 9
Accounts receivable, net of allowance for doubtful accounts of $180 and $239 2,273 2,432
Inventories 5,064 5,595
Prepaid and other current assets 275 277
Total current assets 8,080 8,313
Inventories, net non-current 991 1,444
Property, plant and equipment, net of accumulated depreciation and amortization 3,279 3,621
License agreements, net 117 458
Intangible assets, net 1,612 1,784
Goodwill 493 493
Other assets, net 428 117
Total Assets 15,000 16,230
Current liabilities:    
Line of credit 2,120 2,664
Current portion of long-term debt 228 3,604
Accounts payable 1,390 1,387
Derivative liability 260 0
Accrued compensation 320 388
Accrued benefit pension liability 101 54
Income taxes payable 15 6
Other accrued expenses 182 519
Total current liabilities 4,616 8,622
Subordinated convertible debt with related parties 376 100
Long-term debt 3,335 10
Deferred income taxes 139 129
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, 8,122 and 6,766 shares outstanding 8 8
Paid-in capital 26,132 26,361
Accumulated deficit (17,179) (12,198)
Accumulated other comprehensive loss (1,278) (1,168)
Treasury stock, at cost, 342 and 1,699 shares (1,149) (5,634)
Total stockholders’ equity 6,534 7,369
Total Liabilities and Stockholders' Equity $ 15,000 $ 16,230