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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 2,550 $ 3,716
Trade accounts receivable, net 4,872 3,557
Inventories, net 10,619 11,776
Other current assets 1,330 742
Total current assets 19,371 19,791
PROPERTY, PLANT AND EQUIPMENT, net 17,569 15,907
DEFERRED TAX ASSET, foreign 0 27
OTHER ASSETS 4 4
Total Assets 36,944 35,729
CURRENT LIABILITIES:    
Accounts payable 1,788 2,122
Accrued expenses 1,937 1,136
Export credit refinancing facility 0 206
Current maturities of long-term debt - financial institutions 1,074 1,142
Total current liabilities 4,799 4,606
LONG-TERM DEBT - FINANCIAL INSTITUTIONS 2,525 2,725
DEFERRED TAX LIABILITY, domestic 23 127
DEFERRED TAX LIABILITY, foreign 46 0
Total liabilities 7,393 7,458
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Common stock $1.25 par value: authorized, 6,000 shares; 3,542 shares issued and outstanding at September 30, 2017 and December 31, 2016 4,426 4,426
Additional paid-in capital 30,660 30,544
Accumulated deficit (4,930) (4,821)
Accumulated other comprehensive loss (605) (1,878)
Total shareholders' equity 29,551 28,271
Total Liabilities and Shareholders' Equity $ 36,944 $ 35,729