XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets-Unaudited (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 6,125 $ 7,183
Restricted cash (Note E) 1,500 1,500
Accounts receivable, less allowances of $45 and $42, respectively 3,442 3,237
Inventories, net (Note C) 4,551 4,629
Prepaid expenses and other current assets 307 405
Total Current Assets 15,925 16,954
Property, Plant and Equipment    
Land 633 633
Buildings and improvements 3,908 3,908
Machinery and equipment 16,152 15,980
Gross property, plant and equipment 20,693 20,521
Less: accumulated depreciation (16,956) (16,535)
Net property, plant, and equipment 3,737 3,986
Other assets, net 814 323
Total Assets 20,476 21,263
LIABILITIES AND STOCKHOLDERS' EQUITY    
Note payable to bank (Note E) 1,500 1,181
Accounts payable 2,117 1,978
Accrued compensation and commissions expense 982 992
Accrued restructuring expense 350 70
Accrued warranty expense 366 22
Other accrued expenses 295 265
Total Current Liabilities 5,610 4,508
Stockholders' Equity:    
Common stock, $0.01 par value - 10,000,000 shares authorized; 2,674,448 shares issued and 2,594,732 shares outstanding at June 30, 2014 and 2,674,530 shares issued and 2,594,784 shares outstanding at December 31, 2013 27 27
Additional paid-in capital 28,779 28,593
Accumulated deficit (13,416) (11,338)
Treasury stock: 79,716 and 79,664 shares held in treasury at cost at June 30, 2014 and December 31, 2013, respectively (572) (572)
Accumulated other comprehensive income 48 45
Total Stockholders' Equity 14,866 16,755
Total Liabilities and Stockholders' Equity $ 20,476 $ 21,263