XML 14 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash $ 399,000 $ 480,000 [1]
Restricted Cash 406,000 467,000 [1]
Accounts Receivable, less allowances of $262 and $222 20,691,000 20,093,000 [1]
Inventories 16,273,000 17,004,000 [1]
Contract Assets 7,228,000 6,431,000 [1]
Prepaid Expenses and Other Current Assets 1,776,000 1,381,000 [1]
Total Current Assets 46,773,000 45,856,000 [1]
Property and Equipment, Net 9,512,000 10,178,000 [1]
Operating Lease Assets 5,202,000
Goodwill 2,375,000 2,375,000 [1]
Other Intangible Assets, Net 1,439,000 1,523,000 [1]
Other Non Current Assets 28,000 28,000 [1]
Total Assets 65,329,000 59,960,000 [1]
Current Liabilities    
Current Maturities of Long-Term Debt 878,000 780,000 [1]
Current Portion of Finance Lease Obligation 364,000 337,000
Current Portion of Operating Lease Obligations 826,000 [1]
Accounts Payable 16,845,000 18,142,000 [1]
Accrued Payroll and Commissions 3,118,000 2,747,000 [1]
Other Accrued Liabilities 2,793,000 2,886,000 [1]
Total Current Liabilities 24,824,000 24,892,000 [1]
Long-Term Liabilities    
Long Term Line of Credit 12,297,000 9,264,000 [1]
Long-Term Debt, Net 3,401,000 3,624,000 [1]
Long Term Finance Lease Obligation, Net 776,000 951,000 [1]
Long-Term Operating Lease Obligation, Net 4,666,000 [1]
Other Long-Term Liabilities 118,000 139,000 [1]
Total Long-Term Liabilities 21,258,000 13,978,000 [1]
Total Liabilities 46,082,000 38,870,000 [1]
Commitments and Contingencies
Shareholders' Equity    
Preferred Stock, $1 par value; 1,000,000 Shares Authorized: 250,000 Shares Issued and Outstanding 250,000 250,000 [1]
Common Stock - $0.01 par value; 9,000,000 Shares Authorized: 2,658,559 and 2,663,049 Shares Issued and Outstanding, respectively 27,000 27,000 [1]
Additional Paid-In Capital 15,682,000 15,610,000 [1]
Accumulated Other Comprehensive Loss (233,000) (233,000) [1]
Retained Earnings 3,521,000 5,436,000 [1]
Total Shareholders' Equity 19,247,000 21,090,000 [1]
Total Liabilities and Shareholders' Equity $ 65,329,000 $ 59,960,000 [1]
[1] The balance sheet at December 31, 2018 has been derived from the audited financial statements at that date.