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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 3,716 $ 813
Trade accounts receivable, net 3,557 3,534
Inventories, net 11,776 13,988
Other current assets 742 878
Total current assets 19,791 19,213
PROPERTY, PLANT AND EQUIPMENT, net 15,907 17,472
DEFERRED TAX ASSET, foreign 27 19
OTHER ASSETS 4 4
Total Assets 35,729 36,708
CURRENT LIABILITIES:    
Accounts payable 2,122 2,432
Accrued expenses 1,136 1,007
Notes payable under lines of credit 0 179
Export credit refinancing facility 206 1,108
Current maturities of long-term debt - financial institutions 1,142 1,485
Total current liabilities 4,606 6,211
LONG-TERM DEBT - FINANCIAL INSTITUTIONS 2,725 3,479
DEFERRED TAX LIABILITY, domestic 127 262
Total liabilities 7,458 9,952
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Common stock $1.25 par value: authorized, 6,000 shares; 3,542 shares issued and outstanding at December 31, 2016 and 3,014 at December 31, 2015 4,426 3,767
Additional paid-in capital 30,544 29,636
Accumulated deficit (4,821) (5,265)
Accumulated other comprehensive loss (1,878) (1,382)
Total shareholders' equity 28,271 26,756
Total Liabilities and Shareholders' Equity $ 35,729 $ 36,708