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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 543 $ 468
Accounts receivable, net of allowance for doubtful accounts of $180 2,354 2,273
Inventories 5,098 5,064
Prepaid and other current assets 436 275
Total current assets 8,431 8,080
Inventories, net of current and reserves 894 991
Property, plant and equipment, net of accumulated depreciation and amortization 3,211 3,279
License agreements, net 84 117
Intangible assets, net 1,569 1,612
Goodwill 493 493
Other assets 416 428
Total Assets 15,098 15,000
Current liabilities:    
Line of credit 2,046 2,120
Current portion of long-term debt 246 228
Accounts payable 1,350 1,390
Derivative liability 0 260
Accrued compensation 295 320
Accrued benefit pension liability 101 101
Other accrued expenses 319 197
Total current liabilities 4,357 4,616
Subordinated convertible debt with related parties 570 376
Long-term debt, net of current portion 3,273 3,335
Deferred income taxes 139 139
Total liabilities 8,339 8,466
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 shares outstanding 8 8
Paid-in capital 26,613 26,132
Accumulated deficit (17,435) (17,179)
Accumulated other comprehensive loss (1,278) (1,278)
Treasury stock, at cost, 342 shares (1,149) (1,149)
Total stockholders’ equity 6,759 6,534
Total Liabilities and Stockholders' Equity $ 15,098 $ 15,000