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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 813 $ 2,657
Trade accounts receivable, net 3,534 4,915
Inventories, net 13,988 20,175
Other current assets 878 752
Total current assets 19,213 28,499
PROPERTY, PLANT AND EQUIPMENT, net 17,472 18,889
DEFERRED TAX ASSET, foreign 19 716
OTHER ASSETS 4 22
Total Assets 36,708 48,126
CURRENT LIABILITIES:    
Accounts payable 2,432 3,318
Accrued expenses 1,007 1,832
Notes payable under lines of credit 179 886
Export credit refinancing facility 1,108 2,777
Current maturities of long-term debt - financial institutions 1,485 1,113
Total current liabilities 6,211 9,926
LONG-TERM DEBT - FINANCIAL INSTITUTIONS 3,479 1,607
DEFERRED TAX LIABILITY, domestic 262 581
Total liabilities $ 9,952 $ 12,114
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Common stock $1.25 par value: authorized, 6,000 shares; 3,014 shares issued and outstanding at December 31, 2015 and 2014 $ 3,767 $ 3,767
Additional paid-in capital 29,636 29,503
(Accumulated deficit) Retained earnings (5,265) 1,099
Accumulated other comprehensive income (loss) (1,382) 1,643
Total shareholders' equity 26,756 36,012
Total Liabilities and Shareholders' Equity $ 36,708 $ 48,126