XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 1,704 $ 813
Trade accounts receivable, net 4,360 3,534
Inventories, net 12,839 13,988
Other current assets 942 878
Total current assets 19,845 19,213
PROPERTY, PLANT AND EQUIPMENT, net $ 17,926 17,472
DEFERRED TAX ASSET, foreign 19
OTHER ASSETS $ 4 4
Total Assets 37,775 36,708
CURRENT LIABILITIES:    
Accounts payable 2,476 2,432
Accrued expenses $ 1,243 1,007
Notes payable under lines of credit 179
Export credit refinancing facility $ 923 1,108
Current maturities of long-term debt - financial institutions 1,466 1,485
Total current liabilities 6,108 6,211
LONG-TERM DEBT - FINANCIAL INSTITUTIONS 3,473 3,479
DEFERRED TAX LIABILITY, domestic 184 $ 262
DEFERRED TAX LIABILITY, foreign 57
Total liabilities $ 9,822 $ 9,952
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Common stock $1.25 par value: authorized, 6,000 shares; 3,014 shares issued and outstanding at March 31, 2016 and December 31, 2015 $ 3,767 $ 3,767
Additional paid-in capital 29,685 29,636
Retained earnings (deficit) (5,021) (5,265)
Accumulated other comprehensive loss (478) (1,382)
Total shareholders' equity 27,953 26,756
Total Liabilities and Shareholders' Equity $ 37,775 $ 36,708