SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of inventories

(in thousands)	2018		2017
Raw materials	$	16,769	$	13,870
Work in process		1,015		3,112
Finished goods		332		2,389
Reserves		(1,112)		(844)
Total	$	17,004	$	18,527

Schedule of estimated useful lives of property and equipment

Buildings	39 Years
Leasehold improvements	3-15 Years
Manufacturing equipment	3-7 Years
Office and other equipment	3-7 Years

Schedule of property and equipment

(in thousands)	2018		2017
Land	$	360	$	360
Building and Leasehold Improvements		9,184		8,827
Manufacturing Equipment		21,260		21,267
Office and Other Equipment		7,074		6,035
Accumulated Depreciation		(27,700)		(26,313)
Total Property and Equipment, net	$	10,178	$	10,176

Schedule of other intangible assets

	December 31, 2018
		Gross		Accumulated		Net Book
		Carrying		Amortization		Value
(in thousands)	Years	Amount		Amount		Amount
Customer Relationships	9		1,302		506		796
Intellectual Property	3		100		61		39
Trade Names	20		814		143		671
Other	7		17		—		17
Totals		$	2,233	$	710	$	1,523

	December 31, 2017
		Gross		Accumulated		Net Book
		Carrying		Amortization		Value
	Years	Amount		Amount		Amount
Customer Relationships	9		1,302		361		941
Intellectual Property	3		100		28		72
Trade Names	20		814		102		712
Other	7		14		—		14
Totals		$	2,230	$	491	$	1,739

Schedule of estimated future annual amortization expense

Year	Amount
2019	$	219
2020		191
2021		185
2022		185
2023		185
Thereafter		541
	$	1,506

Schedule of reconciliation of basic and diluted share amounts

	2018	2017
Basic weighted average common shares outstanding	2,692,382	2,745,602
Weighted average common stock equivalents from assumed exercise of stock options	7,232	—
Diluted weighted average common shares outstanding	2,699,614	2,745,602

Schedule of goodwill

Carrying amount at December 31, 2016	$	3,283
Impairment of goodwill		(908)
Carrying amount at December 31, 2017		2,375
Impairment of goodwill		—
Carrying amount at December 31,2018	$	2,375

			Quoted Prices	Significant
	Fair value as		in active	other	Significant
	of		markets for	observable	unobservable
	measurement		identical assets	inputs	inputs		Impairment
	date		(Level 1)	(Level 2)	(Level 3)		Charge
December 31, 2017
Goodwill	$	2,375	—	—	$	2,375	$	908

Schedule of net sales by markets

(in thousands)	2018		2017
Aerospace and Defense	$	18,314	$	15,683
Medical		45,082		51,449
Industrial		49,974		45,203
Total Net Sales	$	113,370	$	112,335

Schedule of noncurrent assets, excluding deferred taxes, by country

(in thousands)	UnitedStates		Mexico		China		Total
December 31, 2018
Property and equipment, net	$	8,687	$	821	$	670	$	10,178
Other assets		3,898		8		—		3,906
December 31, 2017
Property and equipment, net	$	8,713	$	1,003	$	460	$	10,176
Other assets		4,114		8		—		4,122