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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 3,609 $ 3,716
Trade accounts receivable, net 4,323 3,557
Inventories, net 9,136 11,776
Other current assets 848 742
Total current assets 17,916 19,791
PROPERTY, PLANT AND EQUIPMENT, net 18,389 15,907
DEFERRED TAX ASSET, foreign 20 27
OTHER ASSETS 4 4
Total Assets 36,329 35,729
CURRENT LIABILITIES:    
Accounts payable 2,672 2,122
Accrued expenses 1,232 1,136
Notes payable under lines of credit 36 0
Export credit refinancing facility 0 206
Current maturities - capital leases 34 0
Current maturities of long-term debt - financial institutions 1,039 1,142
Total current liabilities 5,013 4,606
LONG-TERM DEBT - FINANCIAL INSTITUTIONS 2,378 2,725
LONG-TERM DEBT - CAPITAL LEASES 65 0
DEFERRED TAX LIABILITY, domestic 21 127
Total liabilities 7,477 7,458
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Common stock $1.25 par value: authorized, 6,000 shares; 3,542 shares issued and outstanding at December 31, 2017 and 2016 4,426 4,426
Additional paid-in capital 30,675 30,544
Accumulated deficit (5,957) (4,821)
Accumulated other comprehensive loss (292) (1,878)
Total shareholders' equity 28,852 28,271
Total Liabilities and Shareholders' Equity $ 36,329 $ 35,729