Schedule of Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Income Taxes (Tables):

Schedule of Components of Income Tax Expense (Benefit)

		Components of Income Tax Expense (Benefit)
		Years Ended December 31,
		2013						2012
(In thousands)		Current		Deferred		Total		Current		Deferred		Total
Federal	$	-	$	(518)	$	(518)	$	364	$	389	$	753
State		7		-		7		11		-		11
Foreign		265		(578)		(313)		133		127		260
Total Income Tax Expense	$	272	$	(1,096)	$	(824)	$	508	$	516	$	1,024

Schedule of Deferred Tax Assets and Liabilities

Significant Components of Deferred Taxes		Year Ended December 31,
(In thousands)		2013		2012
Deferred Tax Assets:
Net operating loss carry-forwards - Domestic	$	461	$	-
Net operating loss carry-forwards - Foreign		932		733
PP&E - Foreign		10		10
Intercompany profit		74		83
Domestic reserves		16		16
Unrealized foreign currency losses - Domestic		50		62
Other deferred assets		494		35
Total deferred tax assets	$	2,037	$	939
Deferred Tax Liabilities:
PP&E - Domestic		696		654
PP&E - Foreign		1,407		1,442
Unrealized gain on derivatives		15		20
Other		3		3
Total deferred tax liabilities		2,121		2,119
Net deferred tax liability	$	(84)	$	(1,180)

Schedule of Effective Income Tax Rate Reconciliation

Effective Tax Rate Reconciliation		Years Ended December 31,
(In thousands)		2013		2012
Expense (benefit) computed at statutory rate	$	(829)	$	2,058
Change in valuation allowance - Domestic		-		(259)
Effect of items deductible for book not tax, net
Stock based compensation		37		30
Other		13		14
Effect of foreign tax credit		(60)		(547)
Effect of foreign tax rate differential		11		(279)
State income taxes, net of Federal benefit		4		7
	$	(824)	$	1,024

Schedule of Income before Income Tax, Domestic and Foreign

Components of Pretax Income (Loss)		Years Ended December 31,
(In thousands)		2013		2012
Domestic	$	(1,643)	$	2,829
Foreign		(797)		3,223
Pretax income (loss)	$	(2,440)	$	6,052