Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Data (Unaudited)

7. Quarterly Data (Unaudited)

		2015
		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Total
NET SALES	$	10,115	$	9,963	$	8,988	$	7,993	$	37,059
Cost of sales		9,221		9,010		7,877		9,075		35,183
GROSS MARGIN		894		953		1,111		(1,082)		1,876
Technical services and research & development		55		44		44		35		178
Selling, general and administrative expenses		1,052		1,039		943		1,447		4,481
Loss on disposal/impairment of assets		-		-		38		2,912		2,950
OPERATING INCOME (LOSS)		(213)		(130)		86		(5,476)		(5,733)
OTHER INCOME (EXPENSE):
Interest expense, net		(80)		(60)		(37)		(31)		(208)
Gain (loss) on foreign currency exchange rate		22		1		(157)		(3)		(137)
Other income (expense), net		-		9		9		6		24
Total Other Expense		(58)		(50)		(185)		(28)		(321)
LOSS BEFORE INCOME TAX		(271)		(180)		(99)		(5,504)		(6,054)
Income tax (benefit) expense		(81)		(73)		22		442		310
NET LOSS	$	(190)	$	(107)	$	(121)	$	(5,946)	$	(6,364)
Loss per common share:
Basic and diluted	$	(0.06)	$	(0.04)	$	(0.04)	$	(1.97)	$	(2.11)
Weighted average common shares outstanding:
Basic and diluted		3,014		3,014		3,014		3,014		3,014
		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 & development		46		54		50		49		199
Selling, general and administrative expenses		1,113		1,114		1,092		1,490		4,809
Loss on disposal/impairment of assets		-		-		-		2,140		2,140
OPERATING INCOME (LOSS)		993		339		366		(2,227)		(529)
OTHER INCOME (EXPENSE):
Interest expense, net		(95)		(95)		(85)		(79)		(354)
Gain (loss) on foreign currency exchange rate		(4)		(57)		71		104		114
Other income (expense), 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