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Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2016 15,411,556       15,411,556 [1]
Balance at Dec. 31, 2016 $ 154,000 $ 9,990,000 $ (204,000) $ 22,724,000 $ 32,664,000 [2]
Common stock repurchased and retired (in shares) (362,700)        
Common stock repurchased and retired $ (4,000) (1,146,000)     (1,150,000)
Stock-based compensation expense   81,000     81,000
Net income       550,000 550,000
Other comprehensive loss     (77,000)   $ (77,000)
Balance (in shares) at Mar. 31, 2017 15,048,856       15,048,856
Balance at Mar. 31, 2017 $ 150,000 8,059,000 $ (281,000) 24,140,000 $ 32,068,000
Cumulative-effect adjustment of change in accounting for stock-based compensation   $ (866,000)   $ 866,000  
[1] The condensed consolidated balance sheet as of December 31, 2016 has been prepared using information from the audited consolidated balance sheet as of that date.
[2] The condensed consolidated balance sheet as of December 31, 2016 has been prepared using information from the audited consolidated balance sheet as of that date.