Katy Industries - Balance Sheet (in thousands) (USD $) In Thousands	Jul. 01, 2011	Dec. 31, 2010
Cash	$ 483	$ 1,319
Accounts receivable, net	16,842	13,541
Inventories, net	18,963	16,450
Other current assets	1,614	1,512
Total current assets	37,902	32,822
OTHER ASSETS:
Goodwill	665	665
Intangibles, net	3,316	3,530
Other	2,771	3,160
Total other assets	6,752	7,355
PROPERTY AND EQUIPMENT
Land and improvements	336	336
Buildings and improvements	9,366	9,243
Machinery and equipment	89,364	90,945
[PropertyPlantAndEquipmentGross]	99,066	100,524
Less - Accumulated depreciation	(78,488)	(77,807)
Property and equipment, net	20,578	22,717
Total assets	65,232	62,894
Accounts payable	15,796	11,594
Book overdraft	695	1,257
Accrued compensation	1,493	1,548
Accrued expenses	10,434	10,774
Payable to related party	1,500	500
Current maturities of long-term debt	6,588	1,275
Revolving credit agreement	16,891	15,432
Total current liabilities	53,397	42,380
LONG-TERM DEBT, less current maturities		6,169
OTHER LIABILITIES	5,437	5,306
Total liabilities	58,834	53,855
STOCKHOLDERS’ EQUITY
15% Convertible preferred stock, $100 par value; authorized 1,200,000 shares; issued and outstanding 1,131,551 shares; liquidation value $113,155	108,256	108,256
Common stock, $1 par value; authorized 35,000,000 shares; issued 9,822,304 shares	9,822	9,822
Additional paid-in capital	27,110	27,385
Accumulated other comprehensive loss	(1,214)	(1,405)
Accumulated deficit	(116,139)	(113,582)
Treasury stock, at cost, 1,871,128 shares	(21,437)	(21,437)
Total stockholders' equity	6,398	9,039
Total liabilities and stockholders' equity	$ 65,232	$ 62,894