NOTE Discontinued Operations

3 Months Ended

Sep. 30, 2011

NOTE Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 3 - DISCONTINUED OPERATIONS

During the third quarter of 2011, as part of its strategic evaluation of operations, the Company determined that the future profitability of the Electrical Services group was not sufficient to support maintaining it as a viable business. As a result, effective July 1, 2011, the Company initiated a plan to sell the operations of its Electrical Services group. These assets and their related operations will be classified as discontinued operations and accordingly, are presented as discontinued operations in the Company's re-casted consolidated financial statements. The net assets and liabilities related to the discontinued operations are shown on the Consolidated Balance Sheet as Assets held for sale and Liabilities held for sale, respectively. The results of the discontinued operations are shown on the Consolidated Statements of Operations as a loss from discontinued operations, net of taxes.

The Company expects to complete the disposal of its discontinued operations within 12 months of the effective date, however, the process is in its early stages and at this time we are unable to determine the gain or loss upon the ultimate disposal of the discontinued operations. Gain or loss from the disposal, when ascertained, will be properly disclosed in the notes to the financial statements. The Company will have no continuing involvement with these operations after their disposal.

Summarized financial information for discontinued operations is shown below.

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2011			2010		2011			2010
	(dollars in thousands)
Revenues	$	2,292		$	3,942	$	16,963		$	6,432
Costs	3,906			3,836		18,805			6,131
Operating income (loss)	$	(1,614	)	$	106	$	(1,842	)	$	301
Other income (expense)	1			—		2			—
Tax expense (benefit)	(577		)	44		(637		)	117
Net income (loss)	$	(1,036	)	$	62	$	(1,203	)	$	184

	September 30, 2011		December 31, 2010
	(dollars in thousands)
Assets:
Trade receivables	$	3,745	$	3,599
Prepaid expenses and other current assets	3		(1		)
Cost and estimated earnings in excess of billings on uncompleted contracts	845		$	1,983
Property and equipment, net	316		$	87
Other assets	—		$	1
Total Assets held for sale	$	4,909	$	5,669
Liabilities:
Accounts payable	$	910	806
Accrued compensation and benefits	196		176
Deferred rent	10		—
Billings in excess of costs and estimated earnings on uncompleted contracts	79		286
Other current liabilities	5		—
Total Liabilities held for sale	$	1,200	$	1,268