Quarterly Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

Consolidated Statements of Operations

(In thousands, except per share amounts)

	2014
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Total
NET SALES	$	13,132		$	12,392		$	11,317		$	9,889		$	46,730
Cost of sales		10,980			10,885			9,809			8,437			40,111
GROSS MARGIN		2,152			1,507			1,508			1,452			6,619
Technical services and research and development		46			54			50			49			199
Selling, general and administrative expenses		1,113			1,114			1,092			1,490			4,809
Loss on disposal of assets		-			-			-			2,140			2,140
OPERATING INCOME (LOSS)		993			339			366			(2,227	)		(529	)
OTHER INCOME (EXPENSE):
Interest expense		(95	)		(95	)		(85	)		(79	)		(354	)
Gain (loss) on foreign currency exchange rate		(4	)		(57	)		71			104			114
Other, net		5			-			5			18			28
Total Other Expense		(94	)		(152	)		(9	)		43			(212	)
INCOME (LOSS) BEFORE INCOME TAX		899			187			357			(2,184	)		(741	)
Income tax (benefit) expense		192			34			61			(474	)		(187	)
NET INCOME (LOSS)	$	707		$	153		$	296		$	(1,710	)	$	(554	)
Income (Loss) per common share:
Basic	$	0.23		$	0.05		$	0.10		$	(0.57	)	$	(0.18	)
Diluted	$	0.21		$	0.04		$	0.09		$	(0.57	)	$	(0.18	)
Weighted average common shares outstanding:
Basic		3,014			3,014			3,014			3,014			3,014
Diluted		3,413			3,402			3,394			3,014			3,014
	2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Total
NET SALES	$	11,427		$	10,732		$	10,870		$	12,992		$	46,021
Cost of sales		9,933			9,020			9,289			14,324			42,566
GROSS MARGIN		1,494			1,712			1,581			(1,332	)		3,455
Technical services and research and development		153			171			135			193			652
Selling, general and administrative expenses		1,278			1,247			1,119			1,078			4,722
Loss on disposal of assets		10			-			-			-			10
OPERATING INCOME (LOSS)		53			294			327			(2,603	)		(1,929	)
OTHER INCOME (EXPENSE):
Interest expense		(84	)		(99	)		(103	)		(103	)		(389	)
Gain (loss) on foreign currency exchange rate		(87	)		20			(84	)		11			(140	)
Other, net		12			-			6			-			18
Total Other Expense		(159	)		(79	)		(181	)		(92	)		(511	)
INCOME (LOSS) BEFORE INCOME TAX		(106	)		215			146			(2,695	)		(2,440	)
Income tax (benefit) expense		(31	)		65			33			(891	)		(824	)
NET INCOME (LOSS)	$	(75	)	$	150		$	113		$	(1,804	)	$	(1,616	)
Income (Loss) per common share:
Basic	$	(0.03	)	$	0.05		$	0.04		$	(0.60	)	$	(0.54	)
Diluted	$	(0.03	)	$	0.04		$	0.03		$	(0.60	)	$	(0.54	)
Weighted average common shares outstanding:
Basic		2,987			2,998			3,012			3,012			3,002
Diluted		2,987			3,404			3,422			3,012			3,002