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CONSOLIDATED BALANCE SHEETS
In Thousands, unless otherwise specified
Sep. 30, 2012
USD ($)
Sep. 30, 2012
EUR (€)
Dec. 31, 2011
EUR (€)
ASSETS      
Cash and cash equivalents $ 210 € 164 € 179
Trade accounts receivable - net 2,715 2,121 2,293
Inventories (Note 2) 716 559 761
Deferred income tax asset 582 455 455
Prepaid expenses and other current assets 224 175 134
Current assets held for shareholder claims     427
TOTAL CURRENT ASSETS 4,447 3,474 4,249
Library of photographs and videos 4,178 3,264 4,879
Property, plant and equipment 1,427 1,115 1,519
Other assets 463 362 403
Non-current assets held for shareholder claims     488
TOTAL ASSETS 10,515 8,215 11,538
LIABILITIES AND SHAREHOLDERS' EQUITY      
Short-term borrowings 3,213 2,709 2,388
Current portion of long-term borrowings 422 330 258
Accounts payable trade 5,268 4,116 4,151
Income taxes payable 970 758 759
Deferred income taxes 192 150 150
Accrued other liabilities 8,384 6,550 7,435
Current liabilities held for shareholder claims     546
TOTAL CURRENT LIABILITIES 18,449 14,613 15,687
Contingent consideration payable     330
Long-term borrowings 2,225 1,539 1,792
TOTAL LIABILITIES 20,674 16,152 17,809
SHAREHOLDERS' EQUITY      
$4.00 Series A Convertible Preferred Stock 10,000,000 shares authorized, none issued and outstanding at December 31, 2011 and September 31, 2012, respectively         
Common Stock, $.001 par value, 100,000,000 shares authorized 21,805,825 and 24,259,869 issued and outstanding at December 31, 2011 and September 30, 2012, respectively 1,115 871 869
Additional paid-in capital 39,419 30,796 30,468
Retained earnings (43,537) (34,013) (32,095)
Accumulated other comprehensive income (7,156) (5,591) (5,513)
TOTAL SHAREHOLDERS' EQUITY (10,159) (7,937) (6,271)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 10,515 € 8,215 € 11,538