Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
Cash flows from operating activities: | ||
Net income (loss) from continuing operations | $ 274us-gaap_NetIncomeLoss | $ 580us-gaap_NetIncomeLoss |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Equity income from foreign joint ventures’ operations | (116)us-gaap_IncomeLossFromEquityMethodInvestments | (474)us-gaap_IncomeLossFromEquityMethodInvestments |
Depreciation and amortization | 237us-gaap_DepreciationAndAmortization | 128us-gaap_DepreciationAndAmortization |
Stock based compensation | 127us-gaap_ShareBasedCompensation | 190us-gaap_ShareBasedCompensation |
Provision for bad debt | 15aeti_WriteOffsAndProvisionForDoubtfulAccounts | |
Allowance for obsolete inventory | 18us-gaap_InventoryWriteDown | 8us-gaap_InventoryWriteDown |
Deferred compensation costs | 4us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense | 19us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense |
Change in operating assets and liabilities: | ||
Accounts receivable | (582)us-gaap_IncreaseDecreaseInAccountsReceivable | (1,384)us-gaap_IncreaseDecreaseInAccountsReceivable |
Inventories | (377)us-gaap_IncreaseDecreaseInInventories | (873)us-gaap_IncreaseDecreaseInInventories |
Costs and estimated earnings in excess of billings on uncompleted contracts | (641)us-gaap_IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract | 108us-gaap_IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract |
Prepaid expenses and other current assets | (74)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (25)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Accounts payable and accrued liabilities | 473us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 1,189us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Billings in excess of costs and estimated earnings on uncompleted contracts | 191us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings | (1,513)us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings |
Other | (14)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | (49)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
Net cash provided by (used in) operating activities | (465)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (2,096)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities: | ||
Purchases of property, plant and equipment and other assets | (307)us-gaap_PaymentsToAcquireProductiveAssets | (1,659)us-gaap_PaymentsToAcquireProductiveAssets |
Proceeds from foreign joint ventures’ operations dividends | 830us-gaap_ProceedsFromDividendsReceived | |
Net cash provided by (used in) from investing activities | (307)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (829)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities: | ||
Proceeds from sale of common stock, preferred stock, and warrants | 8us-gaap_ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants | 83us-gaap_ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants |
Treasury stock purchase | (70)us-gaap_PaymentsForRepurchaseOfCommonStock | (466)us-gaap_PaymentsForRepurchaseOfCommonStock |
Preferred stock cash dividend | (75)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock | (75)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock |
Proceeds from long-term notes payable | 4,000us-gaap_ProceedsFromRepaymentsOfNotesPayable | |
Advances from revolving credit facility (repayments) | (4,000)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit | 1,000us-gaap_ProceedsFromRepaymentsOfLinesOfCredit |
Payments on long-term notes payable | (22)us-gaap_RepaymentsOfNotesPayable | |
Net cash provided by (used in) financing activities | (159)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 542us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Net increase (decrease) in cash and cash equivalents from continuing operations | (931)us-gaap_NetCashProvidedByUsedInContinuingOperations | (2,383)us-gaap_NetCashProvidedByUsedInContinuingOperations |
Advances from (to) discontinued operations | (40)us-gaap_NetCashProvidedByUsedInDiscontinuedOperations | |
Net increase (decrease) in cash and cash equivalents | (931)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (2,423)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents, beginning of period | 3,550us-gaap_CashAndCashEquivalentsAtCarryingValue | 4,148us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents, end of period | 2,619us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,725us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental disclosures of cash flow information: | ||
Interest paid | 32us-gaap_InterestPaid | 27us-gaap_InterestPaid |
Income taxes paid | $ 179us-gaap_IncomeTaxesPaid |
X | ||||||||||
- Definition
Represents amounts of direct write-downs of accounts receivable charged against the allowance or amount of provisions for bad debt expense. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the liability reflecting cash payments received before the related costs have been incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in the asset reflecting the cost incurred on uncompleted contracts in excess of related billings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
|
X | ||||||||||
- Definition
Increase (decrease) in cash associated with the entity's discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Dividends received on equity and other investments during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholder, which takes precedence over common stockholders in the event of liquidation and from issuance of rights to purchase common shares at a predetermined price. No definition available.
|
X | ||||||||||
- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from long-term debt supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|