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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 3,734 $ 7,038
Restricted cash 601 711
Accounts receivable, net 4,825 4,586
Costs and estimated earnings in excess of billings on uncompleted contracts 2,695 1,699
Inventories, net 4,072 4,163
Prepaid expenses and deposits 1,038 635
Total current assets 16,965 18,832
Property and equipment, net 4,735 4,803
Goodwill 635 635
Intangible assets, net 27 68
Other assets 1,082 1,118
Total Assets 23,444 25,456
Current liabilities:    
Accounts payable 1,062 710
Accrued liabilities 1,031 1,142
Billings in excess of costs and estimated earnings on uncompleted contracts 3,995 5,176
Customer deposits 3,232 4,081
Current portion of retirement obligations 480 535
Current portion of pension settlement obligation 356  
Current portion of long-term debt 199 2,362
Total current liabilities 10,355 14,006
Pension and retirement obligations, net of current portion 4,839 40,076
Pension settlement obligation, net of current portion 5,268  
Long-term debt, net of current portion 1,975 0
Deferred rent obligation 1,653 2,077
Total liabilities $ 24,090 $ 56,159
Commitments and contingencies (Notes 4, 5, 6 and 8)
Stockholders' deficit:    
Preferred stock, no par value: 10,000,000 shares authorized; no shares outstanding
Common stock, $0.20 par value: 30,000,000 shares authorized; 11,441,666 shares issued $ 2,288 $ 2,288
Additional paid-in-capital 53,434 54,500
Common stock in treasury, at cost, 264,350 and 352,467 shares, respectively (3,532) (4,709)
Accumulated deficit (50,432) (49,157)
Accumulated other comprehensive loss (2,404) (33,625)
Total stockholders' deficit (646) (30,703)
Total liabilities and stockholders' deficit $ 23,444 $ 25,456