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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 847,000 $ 610,000
Investments in marketable securities 254,000 251,000
Accounts receivable (less allowance for doubtful accounts of $145,000) 4,186,000 5,372,000
Inventories 12,703,000 13,271,000
Costs and estimated earnings in excess of billings on uncompleted contracts 999,000 875,000
Deferred tax asset 320,000 447,000
Other current assets 174,000 252,000
Total current assets 19,483,000 21,078,000
Property and equipment, net 1,115,000 1,099,000
Goodwill 868,000 868,000
Deferred tax asset 1,929,000 1,806,000
Other assets 96,000 125,000
TOTAL ASSETS 23,491,000 24,976,000
Current liabilities:    
Current portion of long-term debt 25,000 33,000
Note payable - bank 0 3,324,000
Accounts payable 541,000 741,000
Liability associated with non-renewal of senior officer contract 459,000 661,000
Income taxes payable 23,000 2,000
Accrued expenses 1,241,000 1,294,000
Customer advances 27,000 88,000
Total current liabilities 2,316,000 6,143,000
Note payable-bank 2,600,000 0
Liability associated with non-renewal of senior officer contract, net of current portion 25,000 41,000
Long-term debt, net of current portion 0 8,000
Total liabilities 4,941,000 6,192,000
STOCKHOLDERS' EQUITY    
Common stock - $.10 par value, 10,000,000 shares authorized, 5,232,000 and 5,102,000 shares issued at 2013 and 2012, respectively, and 4,552,000 and 4,515,000 shares outstanding at 2013 and 2012, respectively 523,000 510,000
Additional paid-in capital 22,769,000 22,726,000
Treasury stock, at cost, 680,000 and 587,000 shares at 2013 and 2012, respectively (2,025,000) (1,700,000)
Accumulated other comprehensive gain (loss), net of tax 3,000 (3,000)
Accumulated deficit (2,720,000) (2,749,000)
Total stockholders' equity 18,550,000 18,784,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,491,000 $ 24,976,000