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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 690 $ 1,109
Receivables 2,409 [1] 2,060 [2]
Unbilled receivables 65 63
Inventories 2,874 2,875
Prepaids and other 838 729
Total current assets 6,876 6,836
Rental equipment 43,491 43,252
Less accumulated depreciation 28,001 27,060
Rental equipment, net 15,490 16,192
Property, plant and equipment 4,429 4,381
Less accumulated depreciation 2,376 2,316
Property, plant and equipment, net 2,053 2,065
Asset held for sale 689 696
Goodwill 744 744
Other assets 873 926
TOTAL ASSETS 26,725 27,459
Current liabilities:    
Accounts payable 1,503 1,589
Accrued liabilities 8,041 6,719
Current portion of long-term debt 4,044 4,444
Warrant liabilities 5,300 5,408
Total current liabilities 18,888 18,160
Long-term debt:    
Notes payable 499 512
Deferred pension liability and other 5,068 4,930
Total liabilities 24,455 23,602
Redeemable convertible preferred stock 6,138 [3] 6,138 [4]
Stockholders’ equity (deficit):    
Common Stock 5,071 [5] 5,071 [6]
Additional paid-in-capital 12,624 12,620
Accumulated deficit (15,113) (13,443)
Accumulated other comprehensive loss (3,387) (3,466)
Less treasury stock - at cost (3,063) [7] (3,063) [8]
Total stockholders’ deficit (3,868) (2,281)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 26,725 $ 27,459
[1] less allowance of $923 - March 31,2012
[2] less allowance of $884 - December 31,2011
[3] $1 par value - 500,000 authorized, 416,500 Series A convertible preferred shares issued in 2012
[4] $1 par value - 500,000 authorized, 416,500 Series A convertible preferred shares issued in 2011
[5] $1 par value - 5,500,000 shares authorized,5,070,424 common shares issued in 2012
[6] $1 par value - 5,500,000 shares authorized,5,070,424 common shares issued in 2011
[7] 383,596 common shares in 2012
[8] 383,596 common shares in 2011