XML 33 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
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