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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 627 $ 2,289
Restricted short-term investments 50 50
Accounts receivable-trade, net of allowance of $97 and $135 at March 31, 2018 and December 31, 2017 6,395 6,061
Inventories, net of allowance of $77 and $78 at March 31, 2018 and December 31, 2017 1,936 1,327
Cost and estimated earnings in excess of billings on uncompleted contracts 4,271 6,434
Prepaid expenses and other current assets 1,512 534
Total current assets 14,791 16,695
Property, plant and equipment, net 6,784 6,920
Advances to and investments in foreign joint ventures 10,475 10,947
Retainage receivable   785
Intangibles 526 458
Other assets 107 116
Total assets 32,683 35,921
Current liabilities:    
Current portion of long-term note payable 360 270
Short-term note payable 97 354
Accounts payable and other accrued expenses 10,808 12,335
Accrued payroll and benefits 1,119 912
Billings in excess of costs and estimated earnings on uncompleted contracts 2,271 1,792
Total current liabilities 14,655 15,663
Long-term note payable, net 5,662 5,524
Deferred compensation 200 213
Deferred income taxes 86  
Total liabilities 20,603 21,400
Convertible preferred stock:    
Redeemable convertible preferred stock, Series A, net of discount of $547 at March 31, 2018 and $562 at December 31, 2017; $0.001 par value, 1,000,000 shares authorized, issued and outstanding at March 31, 2018 and December 31, 2017 4,453 4,438
Stockholders’ equity:    
Common stock; $0.001 par value, 50,000,000 shares authorized, 8,945,404 and 8,850,532 shares issued and 8,751,429 and 8,669,650 shares outstanding at March 31, 2018 and December 31, 2017 9 9
Treasury stock, at cost 193,975 and 180,882 shares at March 31, 2018 and December 31, 2017 (934) (916)
Additional paid-in capital 14,052 13,811
Accumulated other comprehensive income 776 401
Accumulated Deficit; including accumulated statutory reserves in equity method investments of $2,809 at March 31, 2018 and December 31, 2017 (6,276) (3,222)
Total stockholders’ equity 7,627 10,083
Total liabilities, convertible preferred stock and stockholders’ equity $ 32,683 $ 35,921