Note 9 - Restructuring

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

9. Restructuring

In 2009, the Company restructured its business operations to streamline its cost structure. The restructuring included plans for the relocation and consolidation of its Ellicottville, New York operations into its Texas facility. This planned relocation resulted in certain severance and payroll expenses. The balance remaining of such accrued restructuring expenses included in Other accrued expenses in the Company’s consolidated balance sheet as of September 30, 2013 was $13,500, and the Company expects to make such payments before the end of fiscal year 2013.

In 2012, the Company commenced the Ellicottville relocation, resulting in the realization of expense for discontinued inventory, severance and professional fees to complete the move. As a result, the Company recorded a restructuring charge in 2012 of approximately $283,900. Of this amount, $89,000 was recorded as an increase to the inventory reserve and is included in Inventory, net in the Company’s consolidated balance sheet as of September 30, 2013.

The following table analyzes the changes in the Company’s reserve with respect to the restructuring plan for the nine and three months ended September 30, 2013:

	December 31, 2012		Expense		Payment/Charges			September 30, 2013
Severance	$	27,900		—	$	(14,400	)	$	13,500
Inventory		89,000		—		—			89,000
Other		12,000		—	$	(12,000	)		—
Total	$	128,900		—	$	(26,400	)	$	102,500

	June 30, 2013		Expense		Payment/Charges		September 30, 2013
Severance	$	13,500		—		—	$	13,500
Inventory		89,000		—		—		89,000
Other		—		—		—		—
Total	$	102,500		—		—	$	102,500

On August 8, 2013, the Company completed the sale of certain real property located in Ellicottville, New York pursuant to a Purchase and Sale Agreement dated May 7, 2013 by and between American Locker Security Systems, Inc., a wholly-owned subsidiary of the Company, and Michael Young.  Mr. Young purchased the real property, consisting of an approximately 12,800 square foot building, for total consideration of $212,500. The Company received proceeds, net of selling costs, of approximately $211,000 and recorded a gain on the sale of this property of approximately $205,000. The sale of this property concluded the Ellicottville relocation described herein.