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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 3,082 $ 813
Trade accounts receivable, net 4,606 3,534
Inventories, net 13,153 13,988
Other current assets 906 878
Total current assets 21,747 19,213
PROPERTY, PLANT AND EQUIPMENT, net 16,837 17,472
DEFERRED TAX ASSET, foreign 8 19
OTHER ASSETS 4 4
Total Assets 38,596 36,708
CURRENT LIABILITIES:    
Accounts payable 2,404 2,432
Accrued expenses 1,461 1,007
Notes payable under lines of credit 80 179
Export credit refinancing facility 726 1,108
Current maturities of long-term debt - financial institutions 1,288 1,485
Total current liabilities 5,959 6,211
LONG-TERM DEBT - FINANCIAL INSTITUTIONS 3,084 3,479
DEFERRED TAX LIABILITY, domestic 192 262
DEFERRED TAX LIABILITY, foreign
Total liabilities 9,235 9,952
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Common stock $1.25 par value: authorized, 6,000 shares; 3,542 shares issued and outstanding at September 30, 2016 and 3,014 at December 31, 2015 4,428 3,767
Additional paid-in capital 30,502 29,636
Accumulated deficit (4,643) (5,265)
Accumulated other comprehensive loss (926) (1,382)
Total shareholders' equity 29,361 26,756
Total Liabilities and Shareholders' Equity $ 38,596 $ 36,708