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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 95,000 $ 3,812,000
Cash, restricted 150,000 0
Accounts receivable, net 12,065,000 8,453,000
Inventories, net 14,198,000 14,286,000
Prepaid and other current assets 1,507,000 615,000
Assets related to discontinued operation 1,552,000 6,112,000
Total current assets 29,567,000 33,278,000
Property, plant and equipment, net 6,978,000 7,355,000
Deferred income taxes, net   1,048,000
Other non-current assets 42,000 173,000
Noncurrent assets related to discontinued operation   3,440,000
Total Assets 36,587,000 45,294,000
Current liabilities:    
Line of credit 2,103,000  
Current portion of equipment financing and capital leases   501,000
Current portion of postretirement obligation 97,000 87,000
Accounts payable 2,061,000 1,840,000
Accrued employee compensation and benefits costs 1,003,000 1,057,000
Accrued warranty 542,000 581,000
Other accrued liabilities 1,909,000 396,000
Liabilites related to discontinued operation 213,000 1,745,000
Total current liabilities 7,928,000 6,207,000
Post retirement obligation 4,165,000 3,975,000
Shareholders' equity:    
Common stock, par value $0.20; authorized 4,000,000 shares; issued 2,629,052 shares; outstanding 2,514,775 (2,483,318 - 2022) shares 525,000 523,000
Capital in excess of par value 14,617,000 14,556,000
Retained earnings 12,954,000 23,741,000
Accumulated other comprehensive loss (2,389,000) (2,337,000)
Employee stock ownership trust commitment (56,000) (157,000)
Treasury stock, at cost 87,525 (104,464 - 2022) shares (1,157,000) (1,214,000)
Total shareholders' equity 24,494,000 35,112,000
Total Liabilities and Shareholders' Equity $ 36,587,000 $ 45,294,000