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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash $ 345 $ 351 [1]
Restricted Cash 409 309 [1]
Accounts Receivable, less allowances of $391 and $335 19,219 18,558 [1]
Inventories 15,492 14,279 [1]
Contract Assets 6,399 7,659 [1]
Prepaid Expenses and Other Current Assets 1,785 2,128 [1]
Total Current Assets 43,649 43,284 [1]
Property and Equipment, Net 9,371 9,581 [1]
Operating Lease Assets 4,446 4,827 [1]
Goodwill 2,375 2,375 [1]
Other Intangible Assets, Net 1,237 1,343 [1]
Total Assets 61,078 61,410 [1]
Current Liabilities    
Current Maturities of Long-Term Debt 444 444 [1]
Current Portion of Finance Lease Obligation 643 557 [1]
Current Portion of Operating Lease Obligations 791 858 [1]
Accounts Payable 13,523 14,014 [1]
Accrued Payroll and Commissions 3,294 3,493 [1]
Other Accrued Liabilities 3,188 2,866 [1]
Total Current Liabilities 21,883 22,232 [1]
Long-Term Liabilities    
Long Term Line of Credit 4,392 10,088 [1]
Long-Term Debt, Net 9,046 3,179 [1]
Long Term Finance Lease Obligation, Net 1,486 1,451 [1]
Long-Term Operating Lease Obligation, Net 4,132 4,366 [1]
Other Long-Term Liabilities 116 118 [1]
Total Long-Term Liabilities 19,172 19,202 [1]
Total Liabilities 41,055 41,434 [1]
Commitments and Contingencies
Shareholders' Equity    
Preferred Stock, $1 par value; 1,000,000 Shares Authorized: 250,000 Shares Issued and Outstanding 250 250 [1]
Common Stock - $0.01 par value; 9,000,000 Shares Authorized: 2,657,530 and 2,657,530 Shares Issued and Outstanding, respectively 27 27 [1]
Additional Paid-In Capital 15,823 15,748 [1]
Accumulated Other Comprehensive Loss (299) (257) [1]
Retained Earnings 4,222 4,208 [1]
Total Shareholders' Equity 20,023 19,976 [1]
Total Liabilities and Shareholders' Equity $ 61,078 $ 61,410 [1]
[1] The balance sheet at December 31, 2019 has been derived from the audited financial statements at that date