0001513162-16-001078.txt : 20161110 0001513162-16-001078.hdr.sgml : 20161110 20161110165417 ACCESSION NUMBER: 0001513162-16-001078 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 58 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161110 DATE AS OF CHANGE: 20161110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANS LUX Corp CENTRAL INDEX KEY: 0000099106 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 131394750 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-02257 FILM NUMBER: 161988808 BUSINESS ADDRESS: STREET 1: 445 PARK AVENUE STREET 2: SUITE 2001 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 800-243-5544 MAIL ADDRESS: STREET 1: 445 PARK AVENUE STREET 2: SUITE 2001 CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: TRANS LUX CORP DATE OF NAME CHANGE: 19920703 10-Q 1 form10q.htm FORM 10-Q Form 10-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 10-Q

 

[X]       QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2016

 

Commission file number 1-2257

 

TRANS-LUX CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

13-1394750

(State or other jurisdiction of

(I.R.S. Employer

 incorporation or organization)

Identification No.)

445 Park Avenue, Suite 2001, New York, NY

10022

(Address of principal executive offices)

(Zip code)

(800) 243-5544

                 (Registrant's telephone number, including area code)

 

 

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes     X      No           

 

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to file and post such files).  Yes     X      No         

 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (check one)

 

Large accelerated filer            Accelerated filer             Non-accelerated filer             Smaller reporting company     X     

 

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes             No      X                                           

 

Indicate the number of shares outstanding of each of the issuer’s classes of Common Stock, as of the latest practicable date.

 

Date

Class

Shares Outstanding

11/9/16

Common Stock - $0.001 Par Value

1,710,671

 

 

 


 

 

TRANS-LUX CORPORATIONAND SUBSIDIARIES

 

Table of Contents

Page No.

Part I - Financial Information (unaudited)

Item 1.

Condensed Consolidated Balance Sheets – September 30, 2016 and December 31, 2015 (see Note 1)

1

Condensed Consolidated Statements of Operations –  Three and Nine Months Ended September 30, 2016 and 2015

2

Condensed Consolidated Statements of Comprehensive Income (Loss) – Three and Nine Months Ended September 30, 2016 and 2015

2

Condensed Consolidated Statements of Cash Flows – Nine Months Ended September 30, 2016 and 2015

3

Notes to Condensed Consolidated Financial Statements

4

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

13

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

21

Item 4.

Controls and Procedures

21

Part II - Other Information

Item 1.

Legal Proceedings

22

Item 1A.

Risk Factors

22

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

22

Item 3.

Defaults upon Senior Securities

22

Item 4.

Mine Safety Disclosures

22

Item 5.

Other Information

23

Item 6.

Exhibits

23

Signatures

24

Exhibits

 

 

 


 

 

Table of Contents

 

Part I - Financial Information

 

Item 1.

 

 TRANS-LUX CORPORATION AND SUBSIDIARIES 

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

 

September 30

2016

December 31

2015

In thousands, except share data

 

(see Note 1)

ASSETS

 

 

 

 

 

Current assets:

Cash and cash equivalents

$

203

 

$

547

Receivables, less allowance of $397 - 2016 and $559 - 2015

3,035

2,888

Inventories

 

2,423

 

 

1,876

Prepaids and other assets

 

1,114

 

 

605

Total current assets

 

6,775

 

 

5,916

Rental equipment

21,166

21,134

Less accumulated depreciation

 

17,678

 

 

16,452

Total rental equipment, net

 

3,488

 

 

4,682

Property, plant and equipment

 

1,140

 

 

2,159

Less accumulated depreciation

 

578

 

 

1,003

Total property, plant and equipment, net

 

562

 

 

1,156

Goodwill

744

744

Restricted cash

 

612

 

 

215

Other assets

 

1,479

 

 

277

TOTAL ASSETS

$

13,660

 

$

12,990

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:

 

 

 

 

 

Accounts payable

$

1,773

$

1,209

Accrued liabilities

 

6,025

 

 

6,136

Current portion of long-term debt

2,567

1,031

Total current liabilities

 

10,365

 

 

8,376

Long-term liabilities:

Long-term debt, less current portion

 

217

 

 

262

Long-term debt - related party

500

-

Deferred pension liability and other

 

3,575

 

 

4,508

Total long-term liabilities

 

4,292

 

 

4,770

Total liabilities

 

14,657

 

 

13,146

Stockholders' deficit:

 

 

 

 

 

Preferred Series A - $20 stated value -  416,500 shares authorized;
    shares issued and outstanding: 0 in 2016 and 2015

-

-

Preferred Series B - $200 stated value -  51,000 shares authorized;
    shares issued and outstanding: 16,512 in 2016 and 2015
    (liquidation preference $3,396,000)

 

3,302

 

 

3,302

Common - $0.001 par value -  10,000,000 shares authorized;
    shares issued: 1,738,511 in 2016 and 2015;
    shares outstanding: 1,710,671 in 2016 and 2015

2

2

Additional paid-in-capital

 

27,935

 

 

27,914

Accumulated deficit

(24,027)

(23,054)

Accumulated other comprehensive loss

 

(5,146)

 

 

(5,257)

Treasury stock - at cost - 27,840 common shares in 2016 and 2015

 

(3,063)

 

 

(3,063)

Total stockholders' deficit

 

(997)

 

 

(156)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

13,660

 

$

12,990

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

1


 

 

Table of Contents

 

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

 

Three Months Ended

September 30

Nine Months Ended

September 30

In thousands, except per share data

2016

 

2015

 

2016

 

2015

Revenues:

 

 

 

 

 

 

 

 

 

 

 

Digital product sales

$

5,135

$

7,289

$

13,133

$

15,809

Digital product lease and maintenance

 

720

 

 

873

 

 

2,333

 

 

2,751

Total revenues

 

5,855

 

 

8,162

 

15,466

 

 

18,560

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenues:

Cost of digital product sales

 

3,745

 

 

5,541

 

 

9,885

 

 

12,102

Cost of digital product lease and maintenance

 

502

 

 

700

 

1,540

 

 

2,003

Total cost of revenues

 

4,247

 

 

6,241

 

 

11,425

 

 

14,105

Gross profit

 

1,608

 

 

1,921

 

 

4,041

 

 

4,455

General and administrative expenses

 

(1,865)

 

 

(1,805)

 

(5,230)

 

 

(5,626)

Operating (loss) income

 

(257)

 

 

116

 

 

(1,189)

 

 

(1,171)

Interest expense, net

(131)

(87)

(206)

(210)

Gain (loss) on foreign currency remeasurement

 

47

 

 

162

 

 

(95)

 

 

352

Gain on extinguishment of debt

462

-

462

-

Gain on sale/leaseback transaction

 

33

 

 

-

 

 

88

 

 

-

Warrant expense

 

(7)

 

 

(18)

 

(21)

 

 

(53)

Income (loss) before income taxes

 

147

 

 

173

 

 

(961)

 

 

(1,082)

Income tax (expense) benefit

 

(7)

 

 

-

 

66

 

 

(8)

Net income (loss)

$

140

 

$

173

 

$

(895)

 

$

(1,090)

Earnings (loss) per share - basic and diluted

$

0.05

 

$

0.10

 

$

(0.61)

 

$

(0.65)

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

 

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

September 30

Nine Months Ended

September 30

In thousands

2016

 

2015

 

2016

 

2015

Net income (loss)

$

140

 

$

173

 

$

(895)

 

$

(1,090)

Other comprehensive (loss) income:

Unrealized foreign currency translation (loss) gain

 

(38)

 

 

(161)

 

 

111

 

 

(358)

Total other comprehensive (loss) income, net of tax

 

(38)

 

 

(161)

 

111

 

 

(358)

Comprehensive income (loss)

$

102

 

$

12

 

$

(784)

 

$

(1,448)

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

2


 

 

Table of Contents

 

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

Nine Months Ended

September 30

In thousands

2016

 

2015

Cash flows from operating activities

 

 

 

 

 

Net loss

$

(895)

$

(1,090)

Adjustment to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

Depreciation and amortization

1,334

1,874

Amortization of gain on sale/leaseback transaction

 

(88)

 

 

-

Loss on disposal of assets

-

2

Gain on extinguishment of debt

 

(462)

 

 

-

Loss (gain) on foreign currency remeasurement

95

(352)

Amortization of warrants - stock compensation expense

 

21

 

 

53

Bad debt expense (recovery)

294

(166)

Changes in operating assets and liabilities:

Receivables

 

(434)

 

 

(1,245)

Inventories

(547)

(345)

Prepaids and other assets

 

(580)

 

 

(425)

Accounts payable

564

733

Accrued liabilities

 

(100)

 

 

6

Deferred pension liability and other

 

(977)

 

 

(167)

Net cash used in operating activities

 

(1,775)

 

 

(1,122)

Cash flows from investing activities

Proceeds from sale/leaseback transaction

 

1,100

 

 

-

Equipment manufactured for rental

(32)

(61)

Purchases of property, plant and equipment

 

(279)

 

 

(190)

Deposits for property, plant and equipment

(1,066)

-

Restricted cash

 

(397)

 

 

-

Net cash used in investing activities

 

(674)

 

 

(251)

Cash flows from financing activities

 

 

 

 

 

Proceeds from revolving loan

 

1,477

 

 

-

Proceeds from long-term debt

700

500

Proceeds from long-term debt - related parties

 

500

 

 

500

Payments of long-term debt

 

(404)

 

 

(43)

Payments of dividends on preferred stock

 

(78)

 

 

-

Payments for deferred financing fees

(65)

-

Payments for fees on extinguishment of debt

 

(27)

 

 

-

Payments of rights offering costs

 

-

 

 

(131)

Net cash provided by financing activities

 

2,103

 

 

826

Effect of exchange rate changes

 

2

 

 

(14)

Net decrease in cash and cash equivalents

 

(344)

 

 

(561)

Cash and cash equivalents at beginning of year

 

547

 

 

650

Cash and cash equivalents at end of period

$

203

 

$

89

Supplemental disclosure of cash flow information:

Interest paid

109

 

$

67

Income taxes paid

-

 

-

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

3


 

 

Table of Contents

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2016

(unaudited)

 

Note 1 Basis of Presentation

 

As used in this report, “Trans-Lux,” the “Company,” “we,” “us,” and “our” refer to Trans-Lux Corporation and its subsidiaries.

 

Financial information included herein is unaudited, however, such information reflects all adjustments (of a normal and recurring nature), which are, in the opinion of management, necessary for the fair presentation of the Condensed Consolidated Financial Statements for the interim periods. The results for the interim periods are not necessarily indicative of the results to be expected for the full year.  The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (the “SEC”) and therefore do not include all information and footnote disclosures required under accounting principles generally accepted in the United States of America (“GAAP”).  The Condensed Consolidated Financial Statements included herein should be read in conjunction with the Consolidated Financial Statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.  The Condensed Consolidated Balance Sheet at December 31, 2015 is derived from the December 31, 2015 audited financial statements.

 

There have been no material changes in our significant accounting policies during the nine months ended September 30, 2016 from the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2015.

 

Recent Accounting Pronouncements:  In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-09, Compensation-Stock Compensation (Topic 718).  ASU 2016-09 simplifies the recording and reporting of stock based compensation.  Public business entities should apply the amendments in ASU 2016-09 for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years (i.e., January 1, 2017), early application is permitted.  The Company has not yet determined the effect of the adoption of this standard on the Company’s consolidated financial position and results of operations.

 

Reclassifications:  Certain reclassifications of prior years’ amounts have been made to conform to the current year’s presentation.

4


 

 

Table of Contents

 

Note 2 Going Concern

 

A fundamental principle of the preparation of financial statements in accordance with GAAP is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business.  This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent.  In accordance with this requirement, the Company has prepared its accompanying Condensed Consolidated Financial Statements assuming the Company will continue as a going concern.

 

We do not have adequate liquidity, including access to the debt and equity capital markets, to operate our business.  The Company incurred a net loss of $895,000 in the nine months ended September 30, 2016 and has a working capital deficiency of $3.6 million as of September 30, 2016.  As a result, our short-term business focus continues to be to preserve our liquidity position.  Unless we are successful in obtaining additional liquidity, we believe that we will not have sufficient cash and liquid assets to fund normal operations for the next 12 months.  In addition, the Company’s obligations under its pension plan exceeded plan assets by $4.2 million at September 30, 2016 and the Company has a significant amount due to its pension plan over the next 12 months.  The Company is in default on its 8¼% Limited convertible senior subordinated notes due 2012 (the “Notes”) and 9½% Subordinated debentures due 2012 (the “Debentures”), which have remaining principal balances at September 30, 2016 of $387,000 and $220,000, respectively.  As a result, if the Company is unable to (i) obtain additional liquidity for working capital, (ii) make the minimum required contributions to the defined benefit pension plan and/or (iii) make the required principal and interest payments on the Notes and the Debentures, there would be a significant adverse impact on the financial position and operating results of the Company.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amounts and classification of liabilities that may result from the outcome of this uncertainty.  See Note 6 – Long-Term Debt for further details.

 

Of these fixed cash obligations, thus far in 2016 using cash on hand, cash from operating activities and cash from debt financing, the Company has already made $1.1 million of contributions to its pension plan, of which $791,000 relates to minimum required contributions and $313,000 relates to additional contributions above the minimum required contribution.  Based on the additional contributions, the Pension Benefit Guaranty Corporation (“PBGC”) released its lien on all of the Company’s assets.  The Company continues to consider further exchanges of the $387,000 of Notes and the $220,000 of Debentures remaining as of September 30, 2016, but has no agreements, commitments or understandings with respect to any further such exchanges.

 

The Company is seeking additional financing in order to provide enough cash to cover our remaining current fixed cash obligations as well as providing working capital.  However, there can be no assurance as to the amounts, if any, the Company will receive in any additional financings or the terms thereof.  To the extent the Company issues additional equity securities, it could be dilutive to existing shareholders.  In addition, the Company’s current debt financing could limit its ability to incur more debt.

 

5


 

 

Table of Contents


Note 3 – Inventories

 

Inventories consist of the following:

 

 

In thousands

September 30

2016

 

 

December 31

2015

Raw materials

$

1,718

 

$

1,378

Work-in-progress

381

409

Finished goods

 

324

 

 

89

Total inventories

$

2,423

 

$

1,876

 

 

Note 4 – Rental Equipment

 

Rental equipment consists of the following:

 

 

In thousands

September 30

2016

 

 

December 31

2015

Rental equipment

$

21,166

 

$

21,134

Less accumulated depreciation

 

17,678

 

 

16,452

Net rental equipment

$

3,488

 

$

4,682

 

The Company entered into a Master Agreement for Sale and Assignment of Leases with AXIS Capital, Inc. (the “Assignment Agreement”) in 2013 and financed the future receivables relating to certain lease contracts.  The liabilities related to this transaction are included in Accrued liabilities and in Deferred pension liability and other in the Condensed Consolidated Balance Sheets.  A security interest was granted on the rental equipment underlying the lease contract receivables sold to AXIS Capital, Inc. by the Company pursuant to the Assignment Agreement.

 

Depreciation expense for rental equipment for the three months ended September 30, 2016 and 2015 was $409,000 and $600,000, respectively.  Depreciation expense for rental equipment for the nine months ended September 30, 2016 and 2015 was $1.2 million and $1.7 million, respectively.

 

 

Note 5 – Property, Plant and Equipment

 

Property, plant and equipment consists of the following:

 

 

In thousands

September 30

2016

 

 

December 31

2015

Land, buildings and improvements

$

-

 

$

1,256

Machinery, fixtures and equipment

1,115

878

Leaseholds and improvements

 

25

 

 

25

1,140

2,159

Less accumulated depreciation

 

578

 

 

1,003

Net property, plant and equipment

$

562

 

$

1,156

 

6


 

 

Table of Contents

 

On February 1, 2016, the Company sold its Des Moines, Iowa facility for $1.1 million in a sale/leaseback transaction.  The lease is for a two year period at an annual rental of $158,000.  As a result of the sale, the remaining $329,000 mortgage was paid in full.  Net proceeds of $661,000 were received after paying off the related mortgage.  The Company calculated a gain of $267,000, which will be recognized over the 24 month term of the lease.  For the three and nine months ended September 30, 2016, $33,000 and $88,000, respectively, of the gain has been recognized.

 

Depreciation expense for property, plant and equipment for the three months ended September 30, 2016 and 2015 was $40,000 and $57,000, respectively.  Depreciation expense for property, plant and equipment for the nine months ended September 30, 2016 and 2015 was $108,000 and $153,000, respectively.

 

The Company has paid $1.1 million of deposits toward new manufacturing machinery, which is included in Other assets in the Condensed Consolidated Balance Sheets as of September 30, 2016. We expect to put this new machinery into service in the 4th quarter of 2016.

 

Note 6 Long-Term Debt

 

Long-term debt consists of the following:

 

 

In thousands

September 30

2016

 

 

December 31

2015

Credit agreement – revolving loan

$

1,477

 

$

-

Credit agreement – term loan

400

-

8¼% Limited convertible senior subordinated notes due 2012

 

387

 

 

626

9½% Subordinated debentures due 2012

220

334

Term loan – related party

 

500

 

 

-

Term loan – other

300

-

Real estate mortgage – secured

 

-

 

 

333

3,284

1,293

Less portion due within one year

 

2,567

 

 

1,031

Long-term debt

$

717

 

$

262

 

On July 12, 2016, the Company entered into a Credit and Security Agreement (the “Credit Agreement”) with its wholly-owned subsidiaries Trans-Lux Display Corporation, Trans-Lux Midwest Corporation and Trans-Lux Energy Corporation as borrowers (the “Borrowers”) and SCM Specialty Finance Opportunities Fund, L.P. (“SCM”), as lender.  Under the Credit Agreement, the Company is able to borrow up to an aggregate of $4.0 million, which includes (i) up to $3.0 million of a revolving loan, at an interest rate of prime plus 4.0%, for an equipment purchase, repayment of certain outstanding obligations, including payments to the Company’s pension plan, the purchase of inventory/product and general working capital purposes, and (ii) a $1.0 million term loan, at an interest rate of prime plus 6.0%, for the purchase of equipment.  The availability under the revolving loan is calculated based on certain percentages of eligible receivables and inventory.  Due to limited availability at the inception of the Credit Agreement, the Company capped the revolving loan at $2.0 million, while reserving the option to remove the cap when needed.  As of September 30, 2016, the Company had drawn $1.5 million on the revolving loan and $400,000 on the term loan.  Interest under the Credit Agreement is payable monthly in arrearsThe Credit Agreement also requires the payment of certain fees, including, but not limited to a facility fee, an unused line fee and a collateral management fee.

 

7


 

 

Table of Contents

 

The Credit Agreement contains financial and other covenant requirements, including, but not limited to, financial covenants that require the Borrowers to maintain a fixed charge coverage ratio of at least 1.1 to 1.0 starting with their August 31, 2016 financial statements.  As of September 30, 2016, the Company was in compliance with all covenants.  The Credit Agreement allows the Company to continue to pay dividends on all its Series B Convertible Preferred Stock (“Series B Preferred Stock”) or any other new preferred stock, if any, which dividends will be excluded as fixed charges for 18 months.

 

The Credit Agreement is secured by substantially all of the Borrowers’ assets and expires July 12, 2019, unless earlier terminated by the parties in accordance with the termination provisions of the Credit Agreement.  The foregoing description of the Credit Agreement is included to provide information regarding its terms.  It does not purport to be a complete description and is qualified in its entirety by reference to the full text of the Credit Agreement.

 

In connection with the agreement between BFI Capital Fund II, LLC (“BFI”) and the Borrowers (the “BFI Agreement”), the Borrowers entered into a First Amendment to Credit and Security Agreement dated as of September 8, 2016 with SCM, to provide for certain amendments to the Credit and Security Agreement with SCM dated July 12, 2016 to allow for the Company’s entry into the BFI Agreement and the security interest granted to BFI thereunder.  The Company, BFI and SCM also entered into a Mutual Lien Intercreditor Agreement, dated as of September 8, 2016, setting forth SCM’s senior lien position to all collateral of the Company, except for the purchase order securing the BFI Agreement, and the rights of each of SCM and BFI with respect to the collateral of the Company.

 

As of September 30, 2016, the Company had outstanding $387,000 of Notes which are no longer convertible into common shares.  The Notes matured as of March 1, 2012 and are currently in default.  As of September 30, 2016 and December 31, 2015, the Company had accrued $226,000 and $327,000, respectively, of interest related to the Notes, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Notes outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.  On July 15, 2016, holders of $239,000 of the Notes accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $48,000.  As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $309,000.

 

As of September 30, 2016, the Company had outstanding $220,000 of Debentures.  The Debentures matured as of December 1, 2012 and are currently in default.  As of September 30, 2016 and December 31, 2015, the Company had accrued $143,000 and $193,000, respectively, of interest related to the Debentures, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Debentures outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.  On July 15, 2016, holders of $114,000 of the Debentures accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $23,000.  As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $155,000.

 

8


 

 

Table of Contents

 

On September 8, 2016, the Company entered into the BFI Agreement, pursuant to which the Company can borrow up to $750,000 at a fixed rate of interest of 10.00%, with a maturity date of May 1, 2017.  As of September 30, 2016, the Company has borrowed $300,000 under the BFI Agreement.  Subsequent to September 30, 2016, the Company borrowed the remaining $450,000 available under the BFI Agreement and currently has the full $750,000 outstanding under the BFI Agreement.  Under the BFI Agreement, the Company granted BFI a security interest in accounts receivable, materials and intangibles relating to a certain purchase order for equipment issued in July 2016.

 

On April 27, 2016, the Company received a $500,000 loan from Carlisle Investments, Inc. (“Carlisle”) at a fixed interest rate of 12.00%, which is due to mature on April 27, 2019 with a bullet payment of all principal due at such time.  Interest is payable monthly.  Marco Elser, a Director of the Company, exercises voting and dispositive power as investment manager of Carlisle.

 

As of December 31, 2015, the Company, through a subsidiary, had a $333,000 mortgage on its facility in Des Moines, Iowa, which was due to mature on March 1, 2020.  On February 1, 2016, the Des Moines facility was sold in a sale/leaseback transaction and the mortgage was paid in full.

 

 

Note 7 Pension Plan

 

As of December 31, 2003, the benefit service under the pension plan had been frozen and, accordingly, there is no service cost.  As of April 30, 2009, the compensation increments had been frozen and, accordingly, no additional benefits are being accrued under the pension plan.

 

The following table presents the components of net periodic pension cost:

 

 

 

Three months ended

September 30

 

 

Nine months ended

September 30

In thousands

 

2016

 

 

2015

 

 

2016

 

 

2015

Interest cost

$

124

 

$

144

 

$

365

 

$

432

Expected return on plan assets

(168)

(169)

(504)

(507)

Amortization of net actuarial loss

 

53

 

 

140

 

 

149

 

 

420

Net periodic pension cost

$

9

 

$

115

 

$

10

 

$

345

 

As of September 30, 2016, the Company has recorded a current pension liability of $804,000, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $3.5 million, which is included in Deferred pension liability and other in the Condensed Consolidated Balance Sheets.  The minimum required contribution in 2016 is expected to be $1.0 million.  In 2016, the Company has already made $1.1 million of contributions to its pension plan, of which $791,000 relates to minimum required contributions and $313,000 relates to additional contributions above the minimum required contribution.  Based on the additional contributions, the PBGC released its lien on all of the Company’s assets.

 

9


 

 

Table of Contents

 

Note 8 Loss Per Share

 

The following table presents the calculation of loss per share for the three and nine months ended September 30, 2016 and 2015:

 

 

Three months ended

September 30

 

Nine months ended

September 30

In thousands

2016

 

2015

 

2016

 

2015

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), as reported

$

140

$

173

$

(895)

$

(1,090)

Accrued dividends on preferred shares

 

(50)

 

 

-

 

 

(149)

 

 

-

Net income (loss) attributable to common shares

$

90

 

$

173

 

$

(1,044)

 

$

(1,090)

Denominator:

 

 

 

 

 

 

 

Weighted average shares outstanding

 

1,711

 

 

1,673

 

 

1,711

 

 

1,673

Basic and diluted earnings (loss) per share

$

0.05

 

$

0.10

 

$

(0.61)

 

$

(0.65)

 

Basic loss per common share is computed by dividing net loss attributable to common shares by the weighted average number of common shares outstanding for the period.  Diluted loss per common share is computed by dividing net loss attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.

 

On October 20, 2016, the Company declared a semi-annual dividend of $6.00 per share of Series B Preferred Stock aggregating $99,000, which was paid on October 24, 2016.  On April 15, 2016, the Company declared a semi-annual dividend of $4.72 per share of Series B Preferred Stock aggregating $78,000, which was paid on May 26, 2016.

 

At September 30, 2016, the Company accumulated unpaid dividends of $94,000 related to the Series B Preferred Stock issued in November 2015.  There were no accumulated unpaid dividends related to Series B Preferred Stock at September 30, 2015.

 

As of September 30, 2016, the Company had 52,000 warrants outstanding, none of which were used in the calculation of diluted earnings (loss) per share because their exercise price was greater than the average stock price for the period and their inclusion would have been anti-dilutive.  These warrants could be dilutive in the future if the average share price increases and is greater than the exercise price of these warrants.

 

As of September 30, 2016, the Company had 16,512 shares of Series B Preferred Stock outstanding, which were convertible into 330,240 shares of Common Stock, none of which were used in the calculation of diluted earnings (loss) per share because their purchase price was greater than the average stock price for the period and their inclusion would have been anti-dilutive.  These shares of Series B Preferred Stock could be dilutive in the future if the average share price increases and is greater than the purchase price of these shares of Series B Preferred Stock.

 

10


 

 

Table of Contents

 

Note 9 Contingencies

 

The Company is subject to legal proceedings and claims which arise in the ordinary course of its business and/or which are covered by insurance.  The Company believes that it has accrued adequate reserves individually and in the aggregate for such legal proceedings.  Should actual litigation results differ from the Company’s estimates, revisions to increase or decrease the accrued reserves may be required.

 

Note 10 Related Party Transactions

 

Yaozhong Shi, a director of the Company, is the Chairman of Transtech LED Company Limited (“Transtech”), which is our primary LED supplier.  On June 30, 2016, the Company entered into a 1-year Trademark Licensing Agreement with Transtech, pursuant to which Transtech paid the Company $72,500 upon signing the agreement and will pay the Company a 3% royalty on any equipment sold using the Company’s trademark.  In the three and nine months ended September 30, 2016, there were no such sales.

 

Note 11 Business Segment Data

 

Operating segments are based on the Company’s business components about which separate financial information is available and are evaluated regularly by the Company’s chief operating decision makers in deciding how to allocate resources and in assessing performance of the business.

 

The Company evaluates segment performance and allocates resources based upon operating income (loss). The Company’s operations are managed in two reportable business segments: Digital product sales and Digital product lease and maintenance.  Both design and produce large-scale, multi-color, real-time digital displays and LED lighting, which has a line of energy-saving lighting solutions that provide facilities and public infrastructure with “green” lighting solutions that emit less heat, save energy and enable creative designs.  Both operating segments are conducted on a global basis, primarily through operations in the United States.  The Company also has operations in Canada.  The Digital product sales segment sells equipment and the Digital product lease and maintenance segment leases and maintains equipment.  Corporate general and administrative items relate to costs that are not directly identifiable with a segment.  There are no intersegment sales.

 

Foreign revenues represent less than 10% of the Company’s revenues in 2016 and 2015.  The foreign operation does not manufacture its own equipment; the domestic operation provides the equipment that the foreign operation leases or sells.  The foreign operation operates similarly to the domestic operation and has similar profit margins. Foreign assets are immaterial.

 

11


 

 

Table of Contents


Information about the Company’s operations in its two business segments for the three and nine months ended September 30, 2016 and 2015 is as follows:

 

 

Three Months Ended

September 30

 

Nine Months Ended

September 30

In thousands

2016

 

2015

 

2016

 

2015

Revenues:

 

 

 

 

 

 

 

 

 

Digital product sales

$

5,135

$

7,289

$

13,133

$

15,809

Digital product lease and maintenance

 

720

 

 

873

 

 

2,333

 

 

2,751

Total revenues

$

5,855

 

$

8,162

 

$

15,466

 

$

18,560

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

Digital product sales

$

351

$

743

$

602

$

554

Digital product lease and maintenance

 

160

 

 

125

 

 

651

 

 

636

Corporate general and administrative expenses

 

(768)

 

 

(752)

 

 

(2,442)

 

 

(2,361)

Total operating income (loss)

 

(257)

 

 

116

 

 

(1,189)

 

 

(1,171)

Interest expense, net

(131)

(87)

(206)

(210)

Gain (loss) on foreign currency remeasurement

 

47

 

 

162

 

 

(95)

 

 

352

Gain on extinguishment of debt

462

-

462

-

Gain on sale/leaseback transaction

 

33

 

 

-

 

 

88

 

 

-

Warrant expense

 

(7)

 

 

(18)

 

 

(21)

 

 

(53)

Income (loss) before income taxes

 

147

 

 

173

 

 

(961)

 

 

(1,082)

Income tax (expense) benefit

 

(7)

 

 

-

 

 

66

 

 

(8)

Net income (loss)

$

140

 

$

173

 

$

(895)

 

$

(1,090)

 

Note 12 Subsequent Events

 

The Company has evaluated events and transactions subsequent to September 30, 2016 and through the date these Condensed Consolidated Financial Statements were included in this Form 10-Q and filed with the SEC.

 

In October 2016, the Company borrowed the remaining $450,000 available under the BFI Agreement.  See Note 6 – Long-Term Debt for further details.

 

On October 20, 2016, the Company declared a semi-annual dividend of $6.00 per share of Series B Preferred Stock aggregating $99,000, which was paid on October 24, 2016, as noted in Note 8 – Loss Per Share.

 

12


 

Table of Contents

 

 

Item 2.             Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Overview

 

Trans-Lux is a leading supplier of LED technology for displays and lighting applications.  The essential elements of these systems are the real-time, programmable digital displays and lighting fixtures that we design, manufacture, distribute and service.  Designed to meet the digital signage solutions for any size venue’s indoor and outdoor needs, these displays are used primarily in applications for the financial, banking, gaming, corporate, advertising, transportation, entertainment and sports markets.  The Company’s LED lighting fixtures offer energy-saving lighting solutions that feature a comprehensive offering of the latest LED lighting technologies that provide facilities and public infrastructure with “green” lighting solutions that emit less heat, save energy and enable creative designs.  The Company operates in two reportable segments: Digital product sales and Digital product lease and maintenance.

 

The Digital product sales segment includes worldwide revenues and related expenses from the sales of both indoor and outdoor digital display signage and LED lighting solutions.  This segment includes the financial, government/private, gaming, scoreboards and outdoor advertising markets.  The Digital product lease and maintenance segment includes worldwide revenues and related expenses from the lease and maintenance of both indoor and outdoor digital display signage.  This segment includes the lease and maintenance of digital display signage across all markets.

 

Going Concern

 

We do not have adequate liquidity, including access to the debt and equity capital markets, to operate our business.  The Company incurred a net loss of $895,000 in the nine months ended September 30, 2016 and had a working capital deficiency of $3.6 million as of September 30, 2016.  As a result, our short-term business focus continues to be to preserve our liquidity position.  Unless we are successful in obtaining additional liquidity, we believe that we will not have sufficient cash and liquid assets to fund normal operations for the next 12 months.  In addition, the Company’s obligations under its pension plan exceeded plan assets by $4.2 million at September 30, 2016, including $804,000 of minimum required contributions due over the next 12 months.  The Company is in default on its Notes and Debentures, which as of September 30, 2016 had remaining principal balances of $387,000 and $220,000, respectively.  As a result, if the Company is unable to (i) obtain additional liquidity for working capital, (ii) make the minimum required contributions to the defined benefit pension plan and/or (iii) make the required principal and interest payments on the Notes and the Debentures, there would be a significant adverse impact on the financial position and operating results of the Company.

 

Moreover, because of the uncertainty surrounding our ability to obtain additional liquidity and the potential of the noteholders and/or trustees to give notice to the Company of a default on either the Debentures or the Notes, our independent registered public accounting firm has issued an opinion on our December 31, 2015 Consolidated Financial Statements that states that the Consolidated Financial Statements were prepared assuming we will continue as a going concern and further states that the uncertainty regarding the ability to make the required principal and interest payments on the Notes and the Debentures, in addition to the significant amount due to the Company’s defined benefit pension plan over the next 12 months, net losses and working capital deficiencies, raises substantial doubt about our ability to continue as a going concern.  See Note 2 to the Condensed Consolidated Financial Statements – Going Concern.

 

13


 

 

Table of Contents


Results of Operations

 

Three Months Ended September 30, 2016 Compared to Three Months Ended September 30, 2015

 

The following table presents our Statements of Operations data, expressed as a percentage of revenue for the three months ended September 30, 2016 and 2015:

 

 

Three months ended September 30

In thousands, except percentages

2016

 

2015

Revenues:

 

 

 

 

 

 

 

 

 

 

 

Digital product sales

$

5,135

87.7

%

$

7,289

89.3

%

Digital product lease and maintenance

 

720

 

12.3

%

 

 

873

 

10.7

%

Total revenues

 

5,855

 

100.0

%

 

 

8,162

 

100.0

%

Cost of revenues:

 

 

 

 

 

 

 

 

 

 

 

Cost of digital product sales

3,745

63.9

%

5,541

67.9

%

Cost of digital product lease and maintenance

 

502

 

8.6

%

 

 

700

 

8.6

%

Total cost of revenues

 

4,247

 

72.5

%

 

 

6,241

 

76.5

%

Gross profit

 

1,608

 

27.5

%

 

 

1,921

 

23.5

%

General and administrative expenses

 

(1,865)

 

(31.9)

%

 

 

(1,805)

 

(22.1)

%

Operating (loss) income

 

(257)

 

(4.4)

%

 

 

116

 

1.4

%

Interest expense, net

(131)

(2.3)

%

(87)

(1.1)

%

Gain on foreign currency remeasurement

 

47

 

0.8

%

 

 

162

 

2.0

%

Gain on extinguishment of debt

462

7.9

%

           -

           -

%

Gain on sale/leaseback transaction

 

33

 

0.6

%

 

 

           -

 

           -

%

Warrant expense

 

(7)

 

(0.1)

%

 

 

(18)

 

(0.2)

%

Income before income taxes

 

147

 

2.5

%

 

 

173

 

2.1

%

Income tax expense

 

(7)

 

(0.1)

%

 

 

           -

 

           -

%

Net income

$

140

 

2.4

%

 

$

173

 

2.1

%

 

Total revenues for the three months ended September 30, 2016 decreased $2.3 million or 28.3% to $5.9 million from $8.2 million for the three months ended September 30, 2015, primarily due to a decrease in Digital product sales.

 

Digital product sales revenues decreased $2.2 million or 29.6%, primarily due to a reduction in the scoreboard and lighting markets.

 

Digital product lease and maintenance revenues decreased $153,000 or 17.5%, primarily due to the continued expected revenue decline in the older outdoor display equipment rental and maintenance bases acquired in the early 1990s.  The financial services market continues to be negatively impacted by consolidation within that industry and the wider use of flat-panel screens for smaller applications.

 

Total gross margin for the three months ended September 30, 2016 increased to 27.5% from 23.5% for the three months ended September 30, 2015, primarily due to lower freight and warranty costs related to Digital product sales revenues and lower depreciation expense related to Digital product lease and maintenance revenues.

 

Total operating (loss) income for the three months ended September 30, 2016 decreased $373,000 to a loss of $257,000 from income of $116,000 for the three months ended September 30, 2015, principally due to the reduction in revenues.

 

Digital product sales operating income decreased $392,000 or 52.8%, primarily due to the decrease in revenues.  The cost of Digital product sales decreased $1.8 million or 32.4%, primarily due to the decrease in revenues and lower freight and warranty costs. The cost of Digital product sales represented 72.9% of related revenues in 2016 compared to 76.0% in 2015.  Digital product sales general and administrative expenses decreased $34,000 or 3.4%, primarily due to a decrease in marketing expenses.

 

14


 

 

Table of Contents

 

Digital product lease and maintenance operating income increased $35,000 or 28.0%, primarily as a result of a decrease in the cost of Digital product lease and maintenance, offset by the decrease in revenues and an increase in general and administrative expenses.  The cost of Digital product lease and maintenance decreased $198,000 or 28.3%, primarily due to a decrease in depreciation expense.  The cost of Digital product lease and maintenance revenues represented 69.7% of related revenues in 2016 compared to 80.2% in 2015.  The cost of Digital product lease and maintenance includes field service expenses, plant repair costs, maintenance and depreciation.  Digital product lease and maintenance general and administrative expenses increased $10,000 or 20.8%, primarily due to an increase in payroll and benefits.

 

Corporate general and administrative expenses increased $16,000 or 2.1%, primarily due to an increase in professional services.

 

Net interest expense increased $44,000 or 50.6%, primarily due to an increase in the average outstanding long-term debt, primarily due to interest related to the Credit Agreement, offset by the payoff of the mortgage at the time of the sale/leaseback transaction in the first quarter of 2016 and the exchange agreements reached with certain holders of the Notes in the third quarter of 2016 and the fourth quarter of 2015.

 

Warrant expense in 2016 and 2015 is attributable to the amortization of equity warrants granted to directors in 2013.

 

Gain on extinguishment of debt relates to the Company’s offers to exchange each $1,000 of principal of its Notes and Debentures, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $71,000.

 

The effective tax rate for the three months ended September 30, 2016 and 2015 was 4.8% and 0.0%, respectively.  The 2016 tax rate is affected by alternative minimum tax credits from prior years in which the Company applied for allowable refunds, as well as income tax expense relating to the Company’s Canadian subsidiary.  Both the 2016 and 2015 tax rates are being affected by the valuation allowance on the Company’s deferred tax assets as a result of reporting pre-tax losses.

 

15


 

 

Table of Contents


Nine Months Ended September 30, 2016 Compared to Nine Months Ended September 30, 2015

 

The following table presents our Statements of Operations data, expressed as a percentage of revenue for the nine months ended September 30, 2016 and 2015:

 

Nine months ended September 30

In thousands, except percentages

2016

 

2015

Revenues:

 

 

 

 

 

 

 

 

 

 

 

Digital product sales

$

13,133

84.9

%

$

15,809

85.2

%

Digital product lease and maintenance

 

2,333

 

15.1

%

 

 

2,751

 

14.8

%

Total revenues

 

15,466

 

100.0

%

 

 

18,560

 

100.0

%

Cost of revenues:

 

 

 

 

 

 

 

 

 

 

Cost of digital product sales

9,885

63.9

%

12,102

65.2

%

Cost of digital product lease and maintenance

 

1,540

 

10.0

%

 

 

2,003

 

10.8

%

Total cost of revenues

 

11,425

 

73.9

%

 

 

14,105

 

76.0

%

Gross profit

 

4,041

 

26.1

%

 

 

4,455

 

24.0

%

General and administrative expenses

 

(5,230)

 

(33.8)

%

 

 

(5,626)

 

(30.3)

%

Operating loss

 

(1,189)

 

(7.7)

%

 

 

(1,171)

 

(6.3)

%

Interest expense, net

(206)

(1.3)

%

(210)

(1.1)

%

(Loss) gain on foreign currency remeasurement

 

(95)

 

(0.6)

%

 

 

352

 

1.9

%

Gain on extinguishment of debt

462

3.0

%

           -

-

%

Gain on sale/leaseback transaction

 

88

 

0.5

%

 

 

           -

 

-

%

Warrant expense

 

(21)

 

(0.1)

%

 

 

(53)

 

(0.3)

%

Loss before income taxes

 

(961)

 

(6.2)

%

 

 

(1,082)

 

(5.8)

%

Income tax benefit (expense)

 

66

 

0.4

%

 

 

(8)

 

(0.1)

%

Net loss

$

(895)

 

(5.8)

%

 

$

(1,090)

 

(5.9)

%

 

Total revenues for the nine months ended September 30, 2016 decreased $3.1 million or 16.7% to $15.5 million from $18.6 million for the nine months ended September 30, 2015, primarily due to a decrease in Digital product sales.

 

Digital product sales revenues decreased $2.7 million or 16.9%, primarily due to a reduction in the scoreboard and lighting markets.

 

Digital product lease and maintenance revenues decreased $418,000 or 15.2%, primarily due to the continued expected revenue decline in the older outdoor display equipment rental and maintenance bases acquired in the early 1990s.  The financial services market continues to be negatively impacted by consolidation within that industry and the wider use of flat-panel screens for smaller applications.

 

Total gross margin for the nine months ended September 30, 2016 increased to 27.5% from 23.5% for the nine months ended September 30, 2015, primarily due lower depreciation expense related to Digital product lease and maintenance revenues.

 

Total operating loss for the nine months ended September 30, 2016 remained flat at $1.2 million as compared to the nine months ended September 30, 2015, principally due to an overall reduction in consolidated general and administrative expenses, offset by the reduction in revenues.

 

Digital product sales operating income increased $48,000 or 8.7%, primarily due to a decrease in general and administrative expenses, offset by the decrease in revenues.  The cost of Digital product sales decreased $2.2 million or 18.3%, primarily due to the decrease in revenues.  The cost of Digital product sales represented 75.3% of related revenues in 2016 compared to 76.6% in 2015.  Digital product sales general and administrative expenses decreased $507,000 or 16.1%, primarily due to a decrease in payroll and benefits and marketing expenses.

 

16


 

 

Table of Contents

 

Digital product lease and maintenance operating income increased $15,000 or 2.4%, primarily as a result of a decrease in the cost of Digital product lease and maintenance, offset by the decrease in revenues and an increase in general and administrative expenses.  The cost of Digital product lease and maintenance decreased $463,000 or 23.1%, primarily due to a decrease in depreciation expense.  The cost of Digital product lease and maintenance revenues represented 66.0% of related revenues in 2016 compared to 72.8% in 2015.  The cost of Digital product lease and maintenance includes field service expenses, plant repair costs, maintenance and depreciation.  Digital product lease and maintenance general and administrative expenses increased $30,000, primarily due to an increase in payroll and benefits.

 

Corporate general and administrative expenses increased $81,000 or 3.4%, primarily due to an increase in insurance and travel expenses.

 

Net interest expense decreased $4,000 or 1.9%, primarily due to a reduction in the average outstanding long-term debt, primarily due to the payoff of the mortgage at the time of the sale/leaseback transaction in the first quarter of 2016 and the exchange agreements reached with certain holders of the Notes in the third quarter of 2016 and the fourth quarter of 2015, offset by interest related to the Credit Agreement.

 

Warrant expense in 2016 and 2015 is attributable to the amortization of equity warrants granted to directors in 2013.

 

Gain on extinguishment of debt relates to the Company’s offers to exchange each $1,000 of principal of its Notes and Debentures, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $71,000.

 

The effective tax rate for the nine months ended September 30, 2016 and 2015 was a benefit of 6.9% and an expense of 0.7%, respectively.  The 2016 tax rate is affected by alternative minimum tax credits from prior years in which the Company applied for allowable refunds.  Both the 2016 and 2015 tax rates are being affected by the income tax expense relates to the Company’s Canadian subsidiary, as well as the valuation allowance on the Company’s deferred tax assets as a result of reporting pre-tax losses.

 

Liquidity and Capital Resources

 

Current Liquidity

 

The Company has incurred recurring losses and continues to have a working capital deficiency.  The Company incurred a net loss of $895,000 in the nine months ended September 30, 2016 and had a working capital deficiency of $3.6 million as of September 30, 2016.  As of December 31, 2015, the Company had a working capital deficiency of $2.5 million.  The increase in the working capital deficiency is primarily due to the increases in the current portion of long-term debt (related to the Credit Agreement with SCM and the BFI Agreement, offset by the payoff of the mortgage on the Des Moines facility and the reduction in the amounts due under the Notes and Debentures), increases in customer deposits, the deferred portion of annual billings of lease and maintenance contracts and accounts payable, offset by increases in inventory and accounts receivable.

 

17


 

 

Table of Contents

 

The Company is dependent on future operating performance in order to generate sufficient cash flows in order to continue to run its businesses.  Future operating performance is dependent on general economic conditions, as well as financial, competitive and other factors beyond our control.  As a result, we have experienced a decline in our lease and maintenance bases.  The cash flows of the Company are constrained, and in order to more effectively manage its cash resources, the Company has, from time to time, increased the timetable of its payment of some of its payables.  There can be no assurance that we will meet our anticipated current and near term cash requirements.  Management believes that its current cash resources and cash provided by operations would not be sufficient to fund its anticipated current and near term cash requirements and is seeking additional financing in order to execute our operating plan.  We cannot predict whether future financing, if any, will be in the form of equity, debt or a combination of both.  We may not be able to obtain additional funds on a timely basis, on acceptable terms or at all.  To the extent the Company issues additional equity securities, it could be dilutive to existing shareholders.  In addition, the Company’s current debt financing could limit its ability to incur more debt.  The Company continually evaluates the need and availability of long-term capital in order to meet its cash requirements and fund potential new opportunities.

 

The Company used cash of $1.8 million for operating activities for the nine months ended September 30, 2016 and $1.1 million for the nine months ended September 30, 2015The Company has implemented several initiatives to improve operational results and cash flows over future periods, including reducing head count, reorganizing its sales department, outsourcing certain administrative functions and expanding its sales and marketing efforts in the LED lighting market.  The Company continues to explore ways to reduce operational and overhead costs.  The Company periodically takes steps to reduce the cost to maintain the digital products on lease and maintenance agreements.

 

Cash and cash equivalents decreased $344,000 in the nine months ended September 30, 2016 to $203,000 at September 30, 2016 from $547,000 at December 31, 2015.  The decrease is primarily attributable to cash used in operating activities of $1.8 million, an increase in restricted cash of $397,000, the payoff of the mortgage on the Des Moines facility of $329,000, and investment in property and equipment of $1.3 million, offset by net proceeds received from the Credit Agreement of $1.9 million, proceeds received from the sale/leaseback of the Des Moines facility of $1.1 million, proceeds received from new debt entered with a related party of $500,000 and proceeds received from the BFI Agreement of $300,000.  The current economic environment has increased the Company’s trade receivables collection cycle, and its allowances for uncollectible accounts receivable, but collections continue to be favorable.

 

Under various agreements, the Company is obligated to make future cash payments in fixed amounts.  These include payments under the Company’s current and long-term debt agreements, pension plan minimum required contributions, employment agreement payments and rent payments required under operating lease agreements.  The Company has both variable and fixed interest rate debt.  Interest payments are projected based on actual interest payments incurred in 2016 until the underlying debts mature.

 

18


 

 

Table of Contents

 

The following table summarizes the Company’s fixed cash obligations as of September 30, 2016 for the remainder of 2016 and over the next four fiscal years:

 

In thousands

Remainder of
2016

 

 

2017

 

 

2018

 

 

2019

 

 

2020

Long-term debt, including interest

$

2,524

 

$

594

 

$

234

 

$

520

 

$

-

Pension plan contributions

219

769

459

276

152

Employment agreement obligations

 

138

 

 

550

 

 

100

 

 

-

 

 

-

Estimated warranty liability

25

91

75

59

36

Operating lease payments

 

210

 

 

685

 

 

342

 

 

335

 

 

337

Total

$

3,116

 

$

2,689

 

$

1,210

 

$

1,190

 

$

525

 

Of the fixed cash obligations for debt for 2016, $976,000, including interest, of Notes and Debentures remained outstanding as of September 30, 2016 with consideration of an offer by the Company to settle for $121,000 in accordance with the Company’s offer to exchange that closed in July 2016.  In 2016, the Company has already made $1.1 million of contributions to its pension plan.  The Company is seeking additional financing in order to provide enough cash to cover our remaining current fixed cash obligations as well as providing working capital.  However, there can be no assurance as to the amounts, if any, the Company will receive in any such financing or the terms thereof.  To the extent the Company issues additional equity securities, it could be dilutive to shareholders.  In addition, the Company’s current debt financing could limit its ability to incur more debt.

 

On October 20, 2016, the Company declared a semi-annual dividend of $6.00 per share of Series B Preferred Stock aggregating $99,000, which was paid on October 24, 2016.

 

Long-Term Debt

 

On July 12, 2016, the Company entered into a Credit Agreement with SCM as lender.  Under the Credit Agreement, the Company is able to borrow up to an aggregate of $4.0 million, which includes (i) up to $3.0 million of a revolving loan, at an interest rate of prime plus 4.0%, and (ii) a $1.0 million term loan, at an interest rate of prime plus 6.0%.  The availability under the revolving loan is calculated based on certain percentages of eligible receivables and inventory.  Due to limited availability at the inception of the Credit Agreement, the Company capped the revolving loan at $2.0 million, while reserving the option to remove the cap when needed.  As of September 30, 2016, the Company had drawn $1.5 million on the revolving loan and $400,000 on the term loan.  Interest under the Credit Agreement is payable monthly in arrearsThe Credit Agreement also requires the payment of certain fees, including, but not limited to a facility fee, an unused line fee and a collateral management fee.  See Note 6 to the Condensed Consolidated Financial Statements – Long-Term Debt for further details.

 

On September 8, 2016, the Company entered into the BFI Agreement at a fixed interest rate of 10.00%, which is due to mature on May 1, 2017 with a bullet payment of all principal due at such time.  Interest is payable monthly.  As of September 30, 2016, the Company has borrowed $300,000 under the BFI Agreement.  Subsequent to September 30, 2016, the Company borrowed the remaining $450,000 available under the BFI Agreement and currently has the full $750,000 outstanding under the BFI Agreement.  See Note 6 to the Condensed Consolidated Financial Statements – Long-Term Debt for further details.

 

19


 

 

Table of Contents

 

As of September 30, 2016, the Company still had outstanding $387,000 of Notes which are no longer convertible into common shares and which matured as of March 1, 2012.  The Company also still had outstanding $220,000 of Debentures which matured on December 1, 2012.  On July 15, 2016, holders of $239,000 of the Notes and $114,000 of the Debentures accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $71,000.  The Company continues to consider future exchanges of the $387,000 of remaining Notes and $220,000 of remaining Debentures, but has no agreements, commitments or understandings with respect to any further such exchanges.

 

On April 27, 2016, the Company received a $500,000 loan from Carlisle at a fixed interest rate of 12.00%, which is due to mature on April 27, 2019 with a bullet payment of all principal due at such time.  Interest is payable monthly.  Marco Elser, a Director of the Company, exercises voting and dispositive power as investment manager of Carlisle.

 

Pension Plan Contributions

 

In March 2010, 2011 and 2013, the Company submitted to the IRS requests for waivers of the 2009, 2010 and 2012 minimum funding standards for its defined benefit pension plan.  The waiver requests were submitted as a result of the economic climate and the business hardship that the Company experienced.  The 2009, 2010 and 2012 waivers have been approved and granted subject to certain conditions, and have deferred payment of $285,000, $559,000 and $669,000 of the minimum funding standard for the 2009, 2010 and 2012 plan years, respectively.  As of September 30, 2016, the Company has fully repaid the amounts deferred for the 2009 and 2010 plan years and has repaid $395,000 of the 2012 plan year waiver, leaving a balance due related to the waivers of $274,000, which is scheduled to be repaid through 2017.  If the Company does not fulfill the conditions of the waivers, the PBGC and the IRS have various enforcement remedies that can be implemented to protect the participant’s benefits, such as termination of the plan or a requirement that the Company make the unpaid contributions.  The minimum required contribution in 2016 is expected to be $1.0 million.  In 2016, the Company has already made $1.1 million of contributions to its pension plan, of which $791,000 relates to minimum required contributions and $313,000 relates to additional contributions above the minimum required contribution.  Based on the additional contributions, the PBGC released its lien on all of the Company’s assets.  At this time, the Company is expecting to make its $219,000 of minimum required contributions remaining for 2016; however there is no assurance that we will be able to make any or all of such remaining payments.  If we are unable to fulfill our related obligations, the implementation of any such enforcement remedies would have a material adverse impact on our financial condition, results of operations, and liquidity.

 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

 

The Company may, from time to time, provide estimates as to future performance.  These forward-looking statements will be estimates and may or may not be realized by the Company.  The Company undertakes no duty to update such forward-looking statements.  Many factors could cause actual results to differ from these forward-looking statements, including loss of market share through competition, introduction of competing products by others, pressure on prices from competition or purchasers of the Company’s products, interest rate and foreign exchange fluctuations, terrorist acts and war.

 

20


 

 

Table of Contents

 

Item 3.             Quantitative and Qualitative Disclosures about Market Risk

 

The Company is subject to interest rate risk on its long-term debt.  The Company manages its exposure to changes in interest rates by the use of variable and fixed interest rate debt.  At September 30, 2016, the Company did not have any variable interest rate debt.  In addition, the Company is exposed to foreign currency exchange rate risk mainly as a result of its investment in its Canadian subsidiary. A 10% change in the Canadian dollar relative to the U.S. dollar would result in a currency remeasurement expense fluctuation of approximately $250,000, based on dealer quotes, considering current exchange rates.  The Company does not enter into derivatives for trading or speculative purposes and did not hold any derivative financial instruments at September 30, 2016.

 

Item 4.             Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures.  As required by Rule 13a-15 under the Securities Exchange Act of 1934, as of the end of the period covered by this report, we have carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer (our principal executive officer and principal financial officer), of the effectiveness of the design and operation of our disclosure controls and procedures.  Our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management (including our Chief Executive Officer and Chief Financial Officer) to allow timely decisions regarding required disclosures.  Based on such evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls are effective as of September 30, 2016.

 

Changes in Internal Control over Financial Reporting.  There has been no change in the Company’s internal control over financial reporting that occurred in the quarter ended September 30, 2016 and that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

21


 

 

Table of Contents

 

Part II – Other Information

 

Item 1.             Legal Proceedings

 

None.


Item 1A.          Risk Factors

 

The Company is subject to a number of risks including general business and financial risk factors.  Any or all of such factors could have a material adverse effect on the business, financial condition or results of operations of the Company.  You should carefully consider the risk factors identified in our Annual Report on Form 10-K for the year ended December 31, 2015.  There have been no material changes to those previously disclosed risk factors.

 

Item 2.             Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3.             Defaults upon Senior Securities

 

As disclosed in Note 6 to the Condensed Consolidated Financial Statements – Long-Term Debt, the Company had outstanding $387,000 of Notes as of September 30, 2016 which are no longer convertible into common shares.  The Notes matured as of March 1, 2012 and are currently in default.  As of September 30, 2016 and December 31, 2015, the Company had accrued $226,000 and $327,000, respectively, of interest related to the Notes, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Notes outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.  On July 15, 2016, holders of $239,000 of the Notes accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $48,000.

 

As disclosed in Note 6 to the Condensed Consolidated Financial Statements – Long-Term Debt, the Company had outstanding $220,000 of Debentures as of September 30, 2016.  The Debentures matured as of December 1, 2012 and are currently in default.  As of September 30, 2016 and December 31, 2015, the Company had accrued $143,000 and $193,000, respectively, of interest related to the Debentures, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Debentures outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately. On July 15, 2016, holders of $114,000 of the Debentures accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $23,000.

 

 

Item 4.             Mine Safety Disclosures

 

Not applicable.

 

22


 

 

Table of Contents

 

Item 5.             Other Information

 

None.

 

Item 6.             Exhibits

 

10.1     Credit and Security Agreement with SCM Specialty Finance Opportunities Fund, L.P. dated as of July 12, 2016 (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed July 13, 2016).  First Amendment to Credit and Security Agreement with SCM Specialty Finance Opportunities Fund, L.P. dated as of September 8, 2016 (incorporated by reference to Exhibit 10.2 of the Company’s Form 8-K filed September 12, 2016).

 

10.2     Credit Agreement with BFI Capital Fund II, LLC, dated as of September 8, 2016 (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed September 12, 2016).

 

10.3     Mutual Lien Intercreditor Agreement between SCM Specialty Finance Opportunities Fund, L.P. and BFI Capital Fund II, LLC, dated as of September 8, 2106 (incorporated by reference to Exhibit 10.3 of the Company’s Form 8-K filed September 12, 2016).

 

31.1     Certification of Jean-Marc Allain, President and Chief Executive Officer, pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

31.2     Certification of Robert J. Conologue, Chief Financial Officer, pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

32.1     Certification of Jean-Marc Allain, President and Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 

32.2     Certification of Robert J. Conologue, Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 

23


 

 

Table of Contents

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

TRANS-LUX CORPORATION

                 (Registrant)

by

/s/  Robert J. Conologue

Robert J. Conologue

Senior Vice President and

Chief Financial Officer

by

/s/  Todd Dupee

Todd Dupee

Vice President and Controller

Date:  November 10, 2016

 

24

EX-31.1 2 exhibit31_1.htm EXHIBIT 31.1 EXHIBIT 31.1

EXHIBIT 31.1

 

TRANS-LUX CORPORATION

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER

PURSUANT TO RULE 13a-14(a) UNDER THE EXCHANGE ACT

 

I, Jean-Marc Allain, certify that:

1.          I have reviewed this quarterly report on Form 10-Q of Trans-Lux Corporation for the quarter ended September 30, 2016;

2.          Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.          Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.          The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)               designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)               designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)               evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)                disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.          The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)                all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)               any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

/s/ J.M. Allain

Date:  November 10, 2016

Jean-Marc Allain

President and Chief Executive Officer

 

EX-31.2 3 exhibit31_2.htm EXHIBIT 31.2 EXHIBIT 31.2

EXHIBIT 31.2

 

TRANS-LUX CORPORATION

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER

PURSUANT TO RULE 13a-14(a) UNDER THE EXCHANGE ACT

 

I, Robert J. Conologue, certify that:

1.           I have reviewed this quarterly report on Form 10-Q of Trans-Lux Corporation for the quarter ended September 30, 2016;

2.           Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.           Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.          The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)                designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)                designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)                evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)                disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.          The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)                all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)                any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

/s/ Robert J. Conologue

Date:  November 10, 2016

Robert J. Conologue

Senior Vice President and Chief Financial Officer

 

EX-32.1 4 exhibit32_1.htm EXHIBIT 32.1 EXHIBIT 32.1

EXHIBIT 32.1

 

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), I, Jean-Marc Allain, President and Chief Executive Officer of Trans-Lux Corporation (the “Registrant”), do hereby certify, to the best of my knowledge that:

 

(1) The Registrant’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2016 being filed with the Securities and Exchange Commission (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

            This Certification accompanies this Form 10-Q as an exhibit, but shall not be deemed as having been filed for purposes of Section 18 of the Securities Exchange Act of 1934 or as a separate disclosure document of the Registrant or the certifying officer.

 

/s/ J.M. Allain

Date:  November 10, 2016

Jean-Marc Allain

President and Chief Executive Officer

 

 

EX-32.2 5 exhibit32_2.htm EXHIBIT 32.2 EXHIBIT 32.2

EXHIBIT 32.2

 

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), I, Robert J. Conologue, Senior Vice President and Chief Financial Officer of Trans-Lux Corporation (the “Registrant”), do hereby certify, to the best of my knowledge that:

 

(1) The Registrant’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2016 being filed with the Securities and Exchange Commission (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

            This Certification accompanies this Form 10-Q as an exhibit, but shall not be deemed as having been filed for purposes of Section 18 of the Securities Exchange Act of 1934 or as a separate disclosure document of the Registrant or the certifying officer.

 

/s/ Robert J. Conologue

Date:  November 10, 2016

Robert J. Conologue

Senior Vice President and Chief Financial Officer

 

EX-101.INS 6 tlx-20160930.xml XBRL INSTANCE DOCUMENT 0000099106 2016-09-30 0000099106 2015-12-31 0000099106 us-gaap:SeriesAPreferredStockMember us-gaap:ConvertiblePreferredStockMember 2016-09-30 0000099106 us-gaap:SeriesAPreferredStockMember us-gaap:ConvertiblePreferredStockMember 2015-12-31 0000099106 us-gaap:SeriesBPreferredStockMember us-gaap:ConvertiblePreferredStockMember 2016-09-30 0000099106 us-gaap:SeriesBPreferredStockMember us-gaap:ConvertiblePreferredStockMember 2015-12-31 0000099106 2016-07-01 2016-09-30 0000099106 2015-07-01 2015-09-30 0000099106 2016-01-01 2016-09-30 0000099106 2015-01-01 2015-09-30 0000099106 2014-12-31 0000099106 2015-09-30 0000099106 2016-11-09 0000099106 tlx:EightAndOneForthPercentLimitedConvertibleSeniorSubordinatedNotesDue2012Member 2016-09-30 0000099106 tlx:NineAndHalfPercentSubordinatedDebenturesDue2012Member 2016-09-30 0000099106 tlx:RentalEquipmentMember 2016-07-01 2016-09-30 0000099106 tlx:RentalEquipmentMember 2015-07-01 2015-09-30 0000099106 tlx:RentalEquipmentMember 2016-01-01 2016-09-30 0000099106 tlx:RentalEquipmentMember 2015-01-01 2015-09-30 0000099106 us-gaap:MachineryAndEquipmentMember 2016-01-01 2016-09-30 0000099106 us-gaap:LandBuildingsAndImprovementsMember 2015-12-31 0000099106 tlx:MachineryFixtureAndEquipmentMember 2016-09-30 0000099106 tlx:MachineryFixtureAndEquipmentMember 2015-12-31 0000099106 us-gaap:LeaseholdImprovementsMember 2016-09-30 0000099106 us-gaap:LeaseholdImprovementsMember 2015-12-31 0000099106 us-gaap:LetterOfCreditMember 2016-07-12 0000099106 us-gaap:RevolvingCreditFacilityMember 2016-07-12 0000099106 tlx:TermLoanMember 2016-07-12 0000099106 us-gaap:RevolvingCreditFacilityMember 2016-09-30 0000099106 tlx:TermLoanMember 2016-09-30 0000099106 tlx:EightAndOneForthPercentLimitedConvertibleSeniorSubordinatedNotesDue2012Member 2016-01-01 2016-09-30 0000099106 tlx:EightAndOneForthPercentLimitedConvertibleSeniorSubordinatedNotesDue2012Member 2015-12-31 0000099106 us-gaap:ConvertibleDebtMember 2016-07-15 0000099106 us-gaap:ConvertibleDebtMember 2016-07-15 2016-07-15 0000099106 tlx:NineAndHalfPercentSubordinatedDebenturesDue2012Member 2016-01-01 2016-09-30 0000099106 tlx:NineAndHalfPercentSubordinatedDebenturesDue2012Member 2015-12-31 0000099106 tlx:ConvertableDebenturesMember 2016-07-15 0000099106 tlx:ConvertableDebenturesMember 2016-07-15 2016-07-15 0000099106 tlx:BFIAgreementMember 2016-09-08 0000099106 tlx:BFIAgreementMember 2016-09-08 2016-09-08 0000099106 tlx:BFIAgreementMember 2016-09-30 0000099106 tlx:BFIAgreementMember us-gaap:SubsequentEventMember 2016-10-01 0000099106 tlx:CarlisleInvestmentIncMember 2016-04-27 0000099106 tlx:CarlisleInvestmentIncMember 2016-04-27 2016-04-27 0000099106 us-gaap:MortgagesMember 2015-12-31 0000099106 us-gaap:MortgagesMember 2015-12-31 2015-12-31 0000099106 tlx:CreditAgreemnetRevolvingLoanMember 2016-09-30 0000099106 tlx:CreditAgreemnetRevolvingLoanMember 2015-12-31 0000099106 tlx:CreditAgreemnetTermLoanMember 2016-09-30 0000099106 tlx:CreditAgreemnetTermLoanMember 2015-12-31 0000099106 tlx:TermLoanRelatedPartyMember 2016-09-30 0000099106 tlx:TermLoanRelatedPartyMember 2015-12-31 0000099106 tlx:TermLoanOtherMember 2016-09-30 0000099106 tlx:TermLoanOtherMember 2015-12-31 0000099106 tlx:RealEstateMortgageSecuredMember 2016-09-30 0000099106 tlx:RealEstateMortgageSecuredMember 2015-12-31 0000099106 us-gaap:SeriesBPreferredStockMember us-gaap:SubsequentEventMember 2016-10-20 2016-10-20 0000099106 us-gaap:SeriesBPreferredStockMember 2016-04-15 2016-04-15 0000099106 us-gaap:SeriesBPreferredStockMember 2016-09-30 0000099106 us-gaap:WarrantMember 2016-09-30 0000099106 tlx:TranstechMember 2016-01-01 2016-09-30 0000099106 tlx:TranstechMember 2016-09-30 0000099106 us-gaap:SalesRevenueNetMember tlx:ForeignMember 2016-01-01 2016-09-30 0000099106 us-gaap:OperatingSegmentsMember tlx:DigitalProductSalesMember 2016-07-01 2016-09-30 0000099106 us-gaap:OperatingSegmentsMember tlx:DigitalProductSalesMember 2015-07-01 2015-09-30 0000099106 us-gaap:OperatingSegmentsMember tlx:DigitalProductSalesMember 2016-01-01 2016-09-30 0000099106 us-gaap:OperatingSegmentsMember tlx:DigitalProductSalesMember 2015-01-01 2015-09-30 0000099106 us-gaap:OperatingSegmentsMember tlx:DigitalProductLeaseAndMaintenanceMember 2016-07-01 2016-09-30 0000099106 us-gaap:OperatingSegmentsMember tlx:DigitalProductLeaseAndMaintenanceMember 2015-07-01 2015-09-30 0000099106 us-gaap:OperatingSegmentsMember tlx:DigitalProductLeaseAndMaintenanceMember 2016-01-01 2016-09-30 0000099106 us-gaap:OperatingSegmentsMember tlx:DigitalProductLeaseAndMaintenanceMember 2015-01-01 2015-09-30 0000099106 us-gaap:CorporateNonSegmentMember 2016-07-01 2016-09-30 0000099106 us-gaap:CorporateNonSegmentMember 2015-07-01 2015-09-30 0000099106 us-gaap:CorporateNonSegmentMember 2016-01-01 2016-09-30 0000099106 us-gaap:CorporateNonSegmentMember 2015-01-01 2015-09-30 0000099106 tlx:BFIAgreementMember us-gaap:SubsequentEventMember 2016-10-31 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure 203000 547000 3035000 2888000 2423000 1876000 1114000 605000 6775000 5916000 21166000 21134000 17678000 16452000 3488000 4682000 1140000 2159000 578000 1003000 562000 1156000 744000 744000 612000 215000 1479000 277000 13660000 12990000 1773000 1209000 6025000 6136000 2567000 1031000 10365000 8376000 217000 262000 500000 3575000 4508000 4292000 4770000 14657000 13146000 3302000 3302000 3302000 3302000 2000 2000 27935000 27914000 -24027000 -23054000 -5146000 -5257000 3063000 3063000 -997000 -156000 13660000 12990000 397000 559000 20 20 416500 416500 0 0 0 0 200 200 51000 51000 16512 16512 16512 16512 3396000000 3396000000 0.001 0.001 10000000 10000000 1738511 1738511 1710671 1710671 5135000 7289000 13133000 15809000 720000 873000 2333000 2751000 5855000 8162000 15466000 18560000 3745000 5541000 9885000 12102000 502000 700000 1540000 2003000 4247000 6241000 11425000 14105000 1608000 1921000 4041000 4455000 1865000 1805000 5230000 5626000 -257000 116000 -1189000 -1171000 131000 87000 206000 210000 47000 162000 -95000 352000 462000 462000 7000 18000 21000 53000 147000 173000 -961000 -1082000 7000 -66000 8000 140000 173000 -1090000 0.05 0.10 -0.61 -0.65 -38000 -161000 111000 -358000 -38000 -161000 111000 -358000 102000 12000 -784000 -1448000 1334000 1874000 -2000 -95000 352000 21000 53000 294000 -166000 434000 1245000 547000 345000 580000 425000 564000 733000 -100000 6000 977000 167000 -1775000 -1122000 1100000 32000 61000 279000 190000 -1066000 397000 -674000 -251000 1477000 700000 500000 500000 500000 404000 43000 78000 -65000 27000 131000 2103000 826000 2000 -14000 -344000 -561000 650000 89000 109000 67000 TRANS LUX CORP 10-Q --12-31 1710671 false 0000099106 Yes No Smaller Reporting Company No 2016 Q3 2016-09-30 <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><strong>Note 1 </strong>&#x2013;<strong> Basis of Presentation</strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">As used in this report, &#x201c;Trans-Lux,&#x201d; the &#x201c;Company,&#x201d; &#x201c;we,&#x201d; &#x201c;us,&#x201d; and &#x201c;our&#x201d; refer to Trans-Lux Corporation and its subsidiaries.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Financial information included herein is unaudited, however, such information reflects all adjustments (of a normal and recurring nature), which are, in the opinion of management, necessary for the fair presentation of the Condensed Consolidated Financial Statements for the interim periods. The results for the interim periods are not necessarily indicative of the results to be expected for the full year. &#160;The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (the &#x201c;SEC&#x201d;) and therefore do not include all information and footnote disclosures required under accounting principles generally accepted in the United States of America (&#x201c;GAAP&#x201d;). &#160;The Condensed Consolidated Financial Statements included herein should be read in conjunction with the Consolidated Financial Statements and notes included in the Company&#x2019;s Annual Report on Form 10-K for the year ended December 31, 2015. &#160;The Condensed Consolidated Balance Sheet at December 31, 2015 is derived from the December 31, 2015 audited financial statements.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">There have been no material changes in our significant accounting policies during the nine months ended September 30, 2016 from the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2015.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><em>Recent Accounting Pronouncements: &#160;</em>In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update (&#x201c;ASU&#x201d;) 2016-09, <em>Compensation-Stock Compensation (Topic 718)</em>. &#160;ASU 2016-09 simplifies the recording and reporting of stock based compensation. &#160;Public business entities should apply the amendments in ASU 2016-09 for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years (i.e., January 1, 2017), early application is permitted. &#160;The Company has not yet determined the effect of the adoption of this standard on the Company&#x2019;s consolidated financial position and results of operations.</font></p><br/><p style="margin-bottom: 6px; font-size: 12pt; margin-top: 6px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><em>Reclassifications: &#160;</em>Certain reclassifications of prior years&#x2019; amounts have been made to conform to the current year&#x2019;s presentation.</font></p><br/> <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><em>Recent Accounting Pronouncements: &#160;</em>In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update (&#x201c;ASU&#x201d;) 2016-09, <em>Compensation-Stock Compensation (Topic 718)</em>. &#160;ASU 2016-09 simplifies the recording and reporting of stock based compensation. &#160;Public business entities should apply the amendments in ASU 2016-09 for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years (i.e., January 1, 2017), early application is permitted. &#160;The Company has not yet determined the effect of the adoption of this standard on the Company&#x2019;s consolidated financial position and results of operations.</font></p> <p style="margin-bottom: 6px; font-size: 12pt; margin-top: 6px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><em>Reclassifications: &#160;</em>Certain reclassifications of prior years&#x2019; amounts have been made to conform to the current year&#x2019;s presentation.</font></p> <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><strong>Note 2 </strong>&#x2013;<strong> Going Concern</strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">A fundamental principle of the preparation of financial statements in accordance with GAAP is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business. &#160;This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent. &#160;In accordance with this requirement, the Company has prepared its accompanying Condensed Consolidated Financial Statements assuming the Company will continue as a going concern.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">We do not have adequate liquidity, including access to the debt and equity capital markets, to operate our business. &#160;The Company incurred a net loss of $895,000 in the nine months ended September 30, 2016 and has a working capital deficiency of $3.6 million as of September 30, 2016. &#160;As a result, our short-term business focus continues to be to preserve our liquidity position. &#160;Unless we are successful in obtaining additional liquidity, we believe that we will not have sufficient cash and liquid assets to fund normal operations for the next 12 months. &#160;In addition, the Company&#x2019;s obligations under its pension plan exceeded plan assets by $4.2 million at September 30, 2016 and the Company has a significant amount due to its pension plan over the next 12 months. &#160;The Company is in default on its 8&#xbc;% Limited convertible senior subordinated notes due 2012 (the &#x201c;Notes&#x201d;) and 9&#xbd;% Subordinated debentures due 2012 (the &#x201c;Debentures&#x201d;), which have remaining principal balances at September 30, 2016 of $387,000 and $220,000, respectively. &#160;As a result, if the Company is unable to (i) obtain additional liquidity for working capital, (ii) make the minimum required contributions to the defined benefit pension plan and/or (iii) make the required principal and interest payments on the Notes and the Debentures, there would be a significant adverse impact on the financial position and operating results of the Company. &#160;The accompanying financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amounts and classification of liabilities that may result from the outcome of this uncertainty. &#160;See Note 6 &#x2013; Long-Term Debt for further details.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Of these fixed cash obligations, thus far in 2016 using cash on hand, cash from operating activities and cash from debt financing, the Company has already made $1.1 million of contributions to its pension plan, of which $791,000 relates to minimum required contributions and $313,000 relates to additional contributions above the minimum required contribution. &#160;Based on the additional contributions, the Pension Benefit Guaranty Corporation (&#x201c;PBGC&#x201d;) released its lien on all of the Company&#x2019;s assets. &#160;The Company continues to consider further exchanges of the $387,000 of Notes and the $220,000 of Debentures remaining as of September 30, 2016, but has no agreements, commitments or understandings with respect to any further such exchanges.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The Company is seeking additional financing in order to provide enough cash to cover our remaining current fixed cash obligations as well as providing working capital. &#160;However, there can be no assurance as to the amounts, if any, the Company will receive in any additional financings or the terms thereof. &#160;To the extent the Company issues additional equity securities, it could be dilutive to existing shareholders. &#160;In addition, the Company&#x2019;s current debt financing could limit its ability to incur more debt.</font></p><br/> -895000 3600000 -4200000 387000 220000 1100000 791000 313000 387000 220000 <p style="font-size: 12pt; page-break-before: always; margin: 0px; text-align: justify;"><font style="font-family: times new roman,times,serif;"><strong><font style="font-size: 12pt;">Note 3 &#x2013; Inventories</font></strong></font></p><br/><p style="font-size: 12pt; margin: 0px;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Inventories consist of the following:</font></p><br/><table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 70%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 70%;" valign="bottom">&#160;</td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 14%;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2.28%; border-bottom: 0px; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 13.72%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">December 31</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 70%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.28%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; background: #cceeff; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Raw materials</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,718 </font></p> </td> <td style="height: 15pt; width: 2.28%; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 11.72%; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,378 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Work-in-progress</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 12%; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">381 </font></p> </td> <td style="height: 15pt; width: 2.28%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 11.72%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">409 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; background: #cceeff; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Finished goods</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">324 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.28%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.72%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">89 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 70%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif';">Total inventories</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,423 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.28%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.72%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,876 </font></p> </td> </tr> </table><br/> <table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 70%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 70%;" valign="bottom">&#160;</td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 14%;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2.28%; border-bottom: 0px; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 13.72%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">December 31</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 70%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.28%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; background: #cceeff; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Raw materials</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,718 </font></p> </td> <td style="height: 15pt; width: 2.28%; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 11.72%; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,378 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Work-in-progress</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 12%; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">381 </font></p> </td> <td style="height: 15pt; width: 2.28%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 11.72%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">409 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; background: #cceeff; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Finished goods</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">324 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.28%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.72%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">89 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 70%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif';">Total inventories</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,423 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.28%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.72%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,876 </font></p> </td> </tr> </table> 1718000 1378000 381000 409000 324000 89000 <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-family: times new roman,times,serif;"><strong><font style="font-size: 12pt;">Note 4 &#x2013; Rental Equipment</font></strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Rental equipment consists of the following:</font></p><br/><table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 70%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 14%;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2.02%; border-bottom: 0px; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 13.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">December 31</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 70%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.02%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; background: #cceeff; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Rental equipment</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">21,166 </font></p> </td> <td style="height: 15pt; width: 2.02%; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 11.98%; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">21,134 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Less accumulated depreciation</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">17,678 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.02%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">16,452 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 70%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net rental equipment</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">3,488 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.02%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.98%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">4,682 </font></p> </td> </tr> </table><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The Company entered into a Master Agreement for Sale and Assignment of Leases with AXIS Capital, Inc. (the &#x201c;Assignment Agreement&#x201d;) in 2013 and financed the future receivables relating to certain lease contracts. &#160;The liabilities related to this transaction are included in Accrued liabilities and in Deferred pension liability and other in the Condensed Consolidated Balance Sheets. &#160;A security interest was granted on the rental equipment underlying the lease contract receivables sold to AXIS Capital, Inc. by the Company pursuant to the Assignment Agreement.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Depreciation expense for rental equipment for the three months ended September 30, 2016 and 2015 was $409,000 and $600,000, respectively. &#160;Depreciation expense for rental equipment for the nine months ended September 30, 2016 and 2015 was $1.2 million and $1.7 million, respectively.</font></p><br/> 409000 600000 1200000 1700000 <table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 70%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 14%;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2.02%; border-bottom: 0px; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 13.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">December 31</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 70%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.02%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; background: #cceeff; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Rental equipment</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">21,166 </font></p> </td> <td style="height: 15pt; width: 2.02%; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 11.98%; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">21,134 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 70%; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Less accumulated depreciation</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">17,678 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.02%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">16,452 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 70%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 70%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net rental equipment</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">3,488 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2.02%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.98%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">4,682 </font></p> </td> </tr> </table> <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-family: times new roman,times,serif;"><strong><font style="font-size: 12pt;">Note 5 &#x2013; Property, Plant and Equipment</font></strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Property, plant and equipment consists of the following:</font></p><br/><table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15px;"> <td style="border-width: 1pt 0px 0px; border-style: solid none none; border-color: windowtext -moz-use-text-color -moz-use-text-color; height: 15px; width: 70%; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="border-width: 1pt 0px; border-style: solid none; border-color: windowtext -moz-use-text-color; height: 30px; width: 14%; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-width: 1pt 0px 0px; border-style: solid none none; border-color: windowtext -moz-use-text-color -moz-use-text-color; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 1pt 0px; border-style: solid none; border-color: windowtext -moz-use-text-color; height: 30px; width: 14%; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">December 31</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15px;"> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 70%; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Land, buildings and improvements</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,256 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Machinery, fixtures and equipment</font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,115 </font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">878 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Leaseholds and improvements</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">25 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">25 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"><font style="font-family: times new roman,times,serif; font-size: 9pt;"><font style="font-size: 9pt; display: none; font-family: 'Times New Roman','serif'; color: black;">Property, plant and equipment, Gross</font></font></td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,140 </font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,159 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Less accumulated depreciation</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">578 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,003 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net property, plant and equipment</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">562 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,156 </font></p> </td> </tr> </table><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">On February 1, 2016, the Company sold its Des Moines, Iowa facility for $1.1 million in a sale/leaseback transaction. &#160;The lease is for a two year period at an annual rental of $158,000. &#160;As a result of the sale, the remaining $329,000 mortgage was paid in full. &#160;Net proceeds of $661,000 were received after paying off the related mortgage. &#160;The Company calculated a gain of $267,000, which will be recognized over the 24 month term of the lease. &#160;For the three and nine months ended September 30, 2016, $33,000 and $88,000, respectively, of the gain has been recognized.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Depreciation expense for property, plant and equipment for the three months ended September 30, 2016 and 2015 was $40,000 and $57,000, respectively. &#160;Depreciation expense for property, plant and equipment for the nine months ended September 30, 2016 and 2015 was $108,000 and $153,000, respectively.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The Company has paid $1.1 million of deposits toward new manufacturing machinery, which is included in Other assets in the Condensed Consolidated Balance Sheets as of September 30, 2016. We expect to put this new machinery into service in the 4<sup>th</sup> quarter of 2016.</font></p><br/> February 1, 2016 P2Y 158000 329000 661000 267000 33000 88000 40000 57000 108000 153000 1100000 <table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15px;"> <td style="border-width: 1pt 0px 0px; border-style: solid none none; border-color: windowtext -moz-use-text-color -moz-use-text-color; height: 15px; width: 70%; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="border-width: 1pt 0px; border-style: solid none; border-color: windowtext -moz-use-text-color; height: 30px; width: 14%; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-width: 1pt 0px 0px; border-style: solid none none; border-color: windowtext -moz-use-text-color -moz-use-text-color; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 1pt 0px; border-style: solid none; border-color: windowtext -moz-use-text-color; height: 30px; width: 14%; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">December 31</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15px;"> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 70%; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Land, buildings and improvements</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,256 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Machinery, fixtures and equipment</font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,115 </font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">878 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Leaseholds and improvements</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">25 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">25 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"><font style="font-family: times new roman,times,serif; font-size: 9pt;"><font style="font-size: 9pt; display: none; font-family: 'Times New Roman','serif'; color: black;">Property, plant and equipment, Gross</font></font></td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,140 </font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,159 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Less accumulated depreciation</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">578 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,003 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net property, plant and equipment</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">562 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,156 </font></p> </td> </tr> </table> 1256000 1115000 878000 25000 25000 <p style="font-size: 12pt; margin: 0px;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><strong>Note 6 </strong>&#x2013;<strong> Long-Term Debt</strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Long-term debt consists of the following:</font></p><br/><table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15px;"> <td style="border-width: 1pt 0px 0px; border-style: solid none none; border-color: windowtext -moz-use-text-color -moz-use-text-color; height: 15px; width: 70%; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="border-width: 1pt 0px; border-style: solid none; border-color: windowtext -moz-use-text-color; height: 30px; width: 14%; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-width: 1pt 0px 0px; border-style: solid none none; border-color: windowtext -moz-use-text-color -moz-use-text-color; height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 1pt 0px; border-style: solid none; border-color: windowtext -moz-use-text-color; height: 30px; width: 13.96%; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">December 31</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15px;"> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 70%; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Credit agreement &#x2013; revolving loan</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,477 </font></p> </td> <td style="height: 15px; width: 2.04%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15px; width: 11.96%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Credit agreement &#x2013; term loan</font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">400 </font></p> </td> <td style="height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 11.96%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">8&#xbc;% Limited convertible senior&#160; subordinated notes due 2012</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">387 </font></p> </td> <td style="height: 15px; width: 2.04%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 11.96%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">626 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">9&#xbd;% Subordinated debentures due 2012</font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">220 </font></p> </td> <td style="height: 15px; width: 2.04%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 11.96%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">334 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Term loan &#x2013; related party</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">500 </font></p> </td> <td style="height: 15px; width: 2.04%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 11.96%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Term loan &#x2013; other</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">300 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 11.96%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in; background-color: #cceeff;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Real estate mortgage &#x2013; secured</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in; background-color: #cceeff;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in; background-color: #cceeff;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; padding: 0in; background-color: #cceeff;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in; background-color: #cceeff;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 11.96%; padding: 0in; background-color: #cceeff;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">333 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 9pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-family: times new roman,times,serif; font-size: 9pt; display: none;">Long-term debt, including current portion</font></p> </td> <td style="height: 15px; width: 2%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 12%; none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">3,284 </font></p> </td> <td style="height: 15px; width: 2.04%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 11.96%; none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,293 </font></p> </td> </tr> <tr style="height: 15px; background-color: #cceeff;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Less portion due within one year</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,567 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 11.96%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,031 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 70%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Long-term debt</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">717 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 11.96%; none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">262 </font></p> </td> </tr> </table><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">On July 12, 2016, the Company entered into a Credit and Security Agreement (the &#x201c;Credit Agreement&#x201d;) with its wholly-owned subsidiaries Trans-Lux Display Corporation, Trans-Lux Midwest Corporation and Trans-Lux Energy Corporation as borrowers (the &#x201c;Borrowers&#x201d;) and SCM Specialty Finance Opportunities Fund, L.P. (&#x201c;SCM&#x201d;), as lender. &#160;Under the Credit Agreement, the Company is able to borrow up to an aggregate of $4.0 million, which includes (i) up to $3.0 million of a revolving loan, at an interest rate of prime plus 4.0%, for an equipment purchase, repayment of certain outstanding obligations, including payments to the Company&#x2019;s pension plan, the purchase of inventory/product and general working capital purposes, and (ii) a $1.0 million term loan, at an interest rate of prime plus 6.0%, for the purchase of equipment. &#160;The availability under the revolving loan is calculated based on certain percentages of eligible receivables and inventory. &#160;Due to limited availability at the inception of the Credit Agreement, the Company capped the revolving loan at $2.0 million, while reserving the option to remove the cap when needed. &#160;As of September 30, 2016, the Company had drawn $1.5 million on the revolving loan and $400,000 on the term loan. &#160;Interest under the Credit Agreement is payable monthly in arrears. &#160;The Credit Agreement also requires the payment of certain fees, including, but not limited to a facility fee, an unused line fee and a collateral management fee.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The Credit Agreement contains financial and other covenant requirements, including, but not limited to, financial covenants that require the Borrowers to maintain a fixed charge coverage ratio of at least 1.1 to 1.0 starting with their August 31, 2016 financial statements. &#160;As of September 30, 2016, the Company was in compliance with all covenants. &#160;The Credit Agreement allows the Company to continue to pay dividends on all its Series B Convertible Preferred Stock (&#x201c;Series B Preferred Stock&#x201d;) or any other new preferred stock, if any, which dividends will be excluded as fixed charges for 18 months.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The Credit Agreement is secured by substantially all of the Borrowers&#x2019; assets and expires July 12, 2019, unless earlier terminated by the parties in accordance with the termination provisions of the Credit Agreement. &#160;The foregoing description of the Credit Agreement is included to provide information regarding its terms. &#160;It does not purport to be a complete description and is qualified in its entirety by reference to the full text of the Credit Agreement.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">In connection with the agreement between BFI Capital Fund II, LLC (&#x201c;BFI&#x201d;) and the Borrowers (the &#x201c;BFI Agreement&#x201d;), the Borrowers entered into a First Amendment to Credit and Security Agreement dated as of September 8, 2016 with SCM, to provide for certain amendments to the Credit and Security Agreement with SCM dated July 12, 2016 to allow for the Company&#x2019;s entry into the BFI Agreement and the security interest granted to BFI thereunder. &#160;The Company, BFI and SCM also entered into a Mutual Lien Intercreditor Agreement, dated as of September 8, 2016, setting forth SCM&#x2019;s senior lien position to all collateral of the Company, except for the purchase order securing the BFI Agreement, and the rights of each of SCM and BFI with respect to the collateral of the Company.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">As of September 30, 2016, the Company had outstanding $387,000 of Notes which are no longer convertible into common shares. &#160;The Notes matured as of March 1, 2012 and are currently in default. &#160;As of September 30, 2016 and December 31, 2015, the Company had accrued $226,000 and $327,000, respectively, of interest related to the Notes, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets. &#160;The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Notes outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately. &#160;On July 15, 2016, holders of $239,000 of the Notes accepted the Company&#x2019;s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $48,000. &#160;As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $309,000.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">As of September 30, 2016, the Company had outstanding $220,000 of Debentures. &#160;The Debentures matured as of December 1, 2012 and are currently in default. &#160;As of September 30, 2016 and December 31, 2015, the Company had accrued $143,000 and $193,000, respectively, of interest related to the Debentures, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets. &#160;The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Debentures outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately. &#160;On July 15, 2016, holders of $114,000 of the Debentures accepted the Company&#x2019;s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $23,000. &#160;As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $155,000.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">On September 8, 2016, the Company entered into the BFI Agreement, pursuant to which the Company can borrow up to $750,000 at a fixed rate of interest of 10.00%, with a maturity date of May 1, 2017. &#160;As of September 30, 2016, the Company has borrowed $300,000 under the BFI Agreement. &#160;Subsequent to September 30, 2016, the Company borrowed the remaining $450,000 available under the BFI Agreement and currently has the full $750,000 outstanding under the BFI Agreement. &#160;Under the BFI Agreement, the Company granted BFI a security interest in accounts receivable, materials and intangibles relating to a certain purchase order for equipment issued in July 2016.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">On April 27, 2016, the Company received a $500,000 loan from Carlisle Investments, Inc. (&#x201c;Carlisle&#x201d;) at a fixed interest rate of 12.00%, which is due to mature on April 27, 2019 with a bullet payment of all principal due at such time. &#160;Interest is payable monthly. &#160;Marco Elser, a Director of the Company, exercises voting and dispositive power as investment manager of Carlisle.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">As of December 31, 2015, the Company, through a subsidiary, had a $333,000 mortgage on its facility in Des Moines, Iowa, which was due to mature on March 1, 2020. &#160;On February 1, 2016, the Des Moines facility was sold in a sale/leaseback transaction and the mortgage was paid in full.</font></p><br/> 4000000 3000000 0.040 1000000 0.060 2000000 1500000 400000 The Credit Agreement contains financial and other covenant requirements, including, but not limited to, financial covenants that require the Borrowers to maintain a fixed charge coverage ratio of at least 1.1 to 1.0 starting with their August 31, 2016 financial statements. The Credit Agreement allows the Company to continue to pay dividends on all its Series B Convertible Preferred Stock (&#x201c;Series B Preferred Stock&#x201d;) or any other new preferred stock, if any, which dividends will be excluded as fixed charges for 18 months. 2012-03-01 226000 327000 0.25 239000 1000 200 48000 309000 2012-12-01 143000 193000 0.25 114000 1000 200 23000 155000 750000 0.1000 2017-05-01 300000 450000 750000 500000 0.1200 2019-04-27 monthly 333000 2020-03-01 <table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15px;"> <td style="border-width: 1pt 0px 0px; border-style: solid none none; border-color: windowtext -moz-use-text-color -moz-use-text-color; height: 15px; width: 70%; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="border-width: 1pt 0px; border-style: solid none; border-color: windowtext -moz-use-text-color; height: 30px; width: 14%; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-width: 1pt 0px 0px; border-style: solid none none; border-color: windowtext -moz-use-text-color -moz-use-text-color; height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 1pt 0px; border-style: solid none; border-color: windowtext -moz-use-text-color; height: 30px; width: 13.96%; padding: 0in;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">December 31</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15px;"> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 70%; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Credit agreement &#x2013; revolving loan</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,477 </font></p> </td> <td style="height: 15px; width: 2.04%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15px; width: 11.96%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Credit agreement &#x2013; term loan</font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">400 </font></p> </td> <td style="height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 11.96%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">8&#xbc;% Limited convertible senior&#160; subordinated notes due 2012</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">387 </font></p> </td> <td style="height: 15px; width: 2.04%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 11.96%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">626 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">9&#xbd;% Subordinated debentures due 2012</font></p> </td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">220 </font></p> </td> <td style="height: 15px; width: 2.04%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 2%; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15px; width: 11.96%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">334 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Term loan &#x2013; related party</font></p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 12%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">500 </font></p> </td> <td style="height: 15px; width: 2.04%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 11.96%; background: #cceeff none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Term loan &#x2013; other</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">300 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 11.96%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; padding: 0in; background-color: #cceeff;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Real estate mortgage &#x2013; secured</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in; background-color: #cceeff;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in; background-color: #cceeff;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; padding: 0in; background-color: #cceeff;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in; background-color: #cceeff;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 11.96%; padding: 0in; background-color: #cceeff;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">333 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="height: 15px; width: 70%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 9pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-family: times new roman,times,serif; font-size: 9pt; display: none;">Long-term debt, including current portion</font></p> </td> <td style="height: 15px; width: 2%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 12%; none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">3,284 </font></p> </td> <td style="height: 15px; width: 2.04%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 2%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15px; width: 11.96%; none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,293 </font></p> </td> </tr> <tr style="height: 15px; background-color: #cceeff;"> <td style="height: 15px; width: 70%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Less portion due within one year</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,567 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 11.96%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,031 </font></p> </td> </tr> <tr style="height: 15px;"> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 70%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Long-term debt</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 12%; none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">717 </font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2.04%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 2%; none repeat scroll 0% 0%; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-width: 0px 0px 1pt; border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color windowtext; height: 15px; width: 11.96%; none repeat scroll 0% 0%; padding: 0in;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">262 </font></p> </td> </tr> </table> 1477000 400000 387000 626000 220000 334000 500000 300000 333000 3284000 1293000 717000 262000 <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><strong>Note 7 </strong>&#x2013;<strong> Pension Plan</strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">As of December 31, 2003, the benefit service under the pension plan had been frozen and, accordingly, there is no service cost. &#160;As of April 30, 2009, the compensation increments had been frozen and, accordingly, no additional benefits are being accrued under the pension plan.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The following table presents the components of net periodic pension cost:</font></p><br/><table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 46%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 46%;" valign="bottom">&#160;</td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 24%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 24%;" colspan="4" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Three months ended </font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 24%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 24%;" colspan="4" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Nine months ended </font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 46%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Interest cost</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">124 </font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">144 </font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">365 </font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">432 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Expected return on plan assets</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(168)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(169)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(504)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(507)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Amortization of net actuarial loss</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">53 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">140 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">149 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">420 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 46%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net periodic pension cost</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">9 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">115 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">10 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">345 </font></p> </td> </tr> </table><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">As of September 30, 2016, the Company has recorded a current pension liability of $804,000, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $3.5 million, which is included in Deferred pension liability and other in the Condensed Consolidated Balance Sheets. &#160;The minimum required contribution in 2016 is expected to be $1.0 million. &#160;In 2016, the Company has already made $1.1 million of contributions to its pension plan, of which $791,000 relates to minimum required contributions and $313,000 relates to additional contributions above the minimum required contribution. &#160;Based on the additional contributions, the PBGC released its lien on all of the Company&#x2019;s assets.</font></p><br/> 804000 3500000 1000000 1100000 <table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 46%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 46%;" valign="bottom">&#160;</td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 24%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 24%;" colspan="4" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Three months ended </font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 24%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 24%;" colspan="4" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Nine months ended </font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 46%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Interest cost</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">124 </font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">144 </font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">365 </font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">432 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Expected return on plan assets</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(168)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(169)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(504)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(507)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Amortization of net actuarial loss</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">53 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">140 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">149 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">420 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 46%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net periodic pension cost</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">9 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">115 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">10 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">345 </font></p> </td> </tr> </table> 124000 144000 365000 432000 168000 169000 504000 507000 -53000 -140000 -149000 -420000 9000 115000 10000 345000 <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><strong>Note 8 </strong>&#x2013; <strong>Loss Per Share</strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The following table presents the calculation of loss per share for the three and nine months ended September 30, 2016 and 2015:</font></p><br/><table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 46%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 26%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 26%;" colspan="5" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Three months ended </font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 26%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 26%;" colspan="5" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Nine months ended </font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 46%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Numerator:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; padding: 0in 0in 0in 10pt; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net income (loss), as reported</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">140 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">173 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(895)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,090)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Accrued dividends on preferred shares</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(50)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(149)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; padding: 0in 0in 0in 20pt; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net income (loss) attributable to common shares</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">90 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">173 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,044)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,090)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Denominator:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;">&#160;</td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;">&#160;</td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;">&#160;</td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;">&#160;</td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; padding: 0in 0in 0in 10pt; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Weighted average shares outstanding</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,711 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,673</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,711 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,673 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 46%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Basic and diluted earnings (loss) per share</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">0.05 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">0.10 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(0.61)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(0.65)</font></p> </td> </tr> </table><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Basic loss per common share is computed by dividing net loss attributable to common shares by the weighted average number of common shares outstanding for the period. &#160;Diluted loss per common share is computed by dividing net loss attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">On October 20, 2016, the Company declared a semi-annual dividend of $6.00 per share of Series B Preferred Stock aggregating $99,000, which was paid on October 24, 2016. &#160;On April 15, 2016, the Company declared a semi-annual dividend of $4.72 per share of Series B Preferred Stock aggregating $78,000, which was paid on May 26, 2016.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">At September 30, 2016, the Company accumulated unpaid dividends of $94,000 related to the Series B Preferred Stock issued in November 2015. &#160;There were no accumulated unpaid dividends related to Series B Preferred Stock at September 30, 2015.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">As of September 30, 2016, the Company had 52,000 warrants outstanding, none of which were used in the calculation of diluted earnings (loss) per share because their exercise price was greater than the average stock price for the period and their inclusion would have been anti-dilutive. &#160;These warrants could be dilutive in the future if the average share price increases and is greater than the exercise price of these warrants.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">As of September 30, 2016, the Company had 16,512 shares of Series B Preferred Stock outstanding, which were convertible into 330,240 shares of Common Stock, none of which were used in the calculation of diluted earnings (loss) per share because their purchase price was greater than the average stock price for the period and their inclusion would have been anti-dilutive. &#160;These shares of Series B Preferred Stock could be dilutive in the future if the average share price increases and is greater than the purchase price of these shares of Series B Preferred Stock.</font></p><br/> 2016-10-20 6.00 99000 2016-10-24 2016-04-15 4.72 78000 2016-05-26 94000 52000 330240 <table style="width: 550pt; border-collapse: collapse; margin-left: -0.75pt;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 46%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 26%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 26%;" colspan="5" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Three months ended </font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 26%; border-bottom: 0px; border-left: 0px; padding: 0in; width: 26%;" colspan="5" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Nine months ended </font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 46%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Numerator:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; padding: 0in 0in 0in 10pt; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net income (loss), as reported</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">140 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">173 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(895)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td> <td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 10%; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,090)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Accrued dividends on preferred shares</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(50)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(149)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; padding: 0in 0in 0in 20pt; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net income (loss) attributable to common shares</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">90 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">173 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,044)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,090)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Denominator:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in 2.9pt 0in 0in; width: 10%;">&#160;</td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;">&#160;</td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;">&#160;</td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;">&#160;</td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 46%; padding: 0in 0in 0in 10pt; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Weighted average shares outstanding</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,711 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,673</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,711 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">1,673 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 46%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 46%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Basic and diluted earnings (loss) per share</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: justify; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">0.05 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">0.10 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(0.61)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 10%;"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(0.65)</font></p> </td> </tr> </table> -50000 -149000 90000 173000 -1044000 -1090000 1711000 1673000 1711000 1673000 <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><strong>Note 9 </strong>&#x2013; <strong>Contingencies</strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The Company is subject to legal proceedings and claims which arise in the ordinary course of its business and/or which are covered by insurance. &#160;The Company believes that it has accrued adequate reserves individually and in the aggregate for such legal proceedings. &#160;Should actual litigation results differ from the Company&#x2019;s estimates, revisions to increase or decrease the accrued reserves may be required.</font></p><br/> <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><strong>Note 10 </strong>&#x2013; <strong>Related Party Transactions</strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Yaozhong Shi, a director of the Company, is the Chairman of Transtech LED Company Limited (&#x201c;Transtech&#x201d;), which is our primary LED supplier. &#160;On June 30, 2016, the Company entered into a 1-year Trademark Licensing Agreement with Transtech, pursuant to which Transtech paid the Company $72,500 upon signing the agreement and will pay the Company a 3% royalty on any equipment sold using the Company&#x2019;s trademark. &#160;In the three and nine months ended September 30, 2016, there were no such sales.</font></p><br/> 72500 0.03 <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><strong>Note 11 </strong>&#x2013;<strong> Business Segment Data</strong></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Operating segments are based on the Company&#x2019;s business components about which separate financial information is available and are evaluated regularly by the Company&#x2019;s chief operating decision makers in deciding how to allocate resources and in assessing performance of the business.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The Company evaluates segment performance and allocates resources based upon operating income (loss). The Company&#x2019;s operations are managed in two reportable business segments: Digital product sales and Digital product lease and maintenance. &#160;Both design and produce large-scale, multi-color, real-time digital displays and LED lighting, which has a line of energy-saving lighting solutions that provide facilities and public infrastructure with &#x201c;green&#x201d; lighting solutions that emit less heat, save energy and enable creative designs. &#160;Both operating segments are conducted on a global basis, primarily through operations in the United States. &#160;The Company also has operations in Canada. &#160;The Digital product sales segment sells equipment and the Digital product lease and maintenance segment leases and maintains equipment. &#160;Corporate general and administrative items relate to costs that are not directly identifiable with a segment. &#160;There are no intersegment sales.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Foreign revenues represent less than 10% of the Company&#x2019;s revenues in 2016 and 2015. &#160;The foreign operation does not manufacture its own equipment; the domestic operation provides the equipment that the foreign operation leases or sells. &#160;The foreign operation operates similarly to the domestic operation and has similar profit margins. &#160;Foreign assets are immaterial.</font></p><br/><p style="font-size: 12pt; page-break-before: always; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">Information about the Company&#x2019;s operations in its two business segments for the three and nine months ended September 30, 2016 and 2015 is as follows:</font></p><br/><table style="width: 550pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap;" colspan="5" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Three Months Ended</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap;" colspan="5" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Nine Months Ended</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Revenues:</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" colspan="3" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">5,135 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">7,289 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">13,133 </font></p> </td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">15,809 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">720 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">873 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,333 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,751 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Total revenues</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">5,855 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">8,162 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">15,466 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">18,560 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Operating income (loss):</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">351 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">743 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">602 </font></p> </td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">554 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">160 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">125 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">651 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">636 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Corporate general and administrative expenses</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(768)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(752)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(2,442)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(2,361)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Total operating income (loss)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(257)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">116 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,189)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,171)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Interest expense, net</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(131)</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(87)</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(206)</font></p> </td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(210)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Gain (loss) on foreign currency remeasurement</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">47 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">162 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(95)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">352 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Gain on extinguishment of debt</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">462 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">462 </font></p> </td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Gain on sale/leaseback transaction</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">33 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">88 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Warrant expense</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(7)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(18)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(21)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(53)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Income (loss) before income taxes</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">147 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">173 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(961)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,082)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Income tax (expense) benefit</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(7)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">66 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(8)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net income (loss)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">140 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">173 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(895)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,090)</font></p> </td> </tr> </table><br/> 2 0.10 <table style="width: 550pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap;" colspan="5" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Three Months Ended</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap;" colspan="5" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Nine Months Ended</font></p> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">September 30</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 8pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" colspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0in 0in 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2015</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Revenues:</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" colspan="3" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">5,135 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">7,289 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">13,133 </font></p> </td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">15,809 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">720 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">873 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,333 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">2,751 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Total revenues</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">5,855 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">8,162 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">15,466 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">18,560 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Operating income (loss):</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">351 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">743 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">602 </font></p> </td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">554 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">160 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">125 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">651 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">636 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in 0in 0in 10pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Corporate general and administrative expenses</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(768)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(752)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(2,442)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(2,361)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Total operating income (loss)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(257)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">116 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,189)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,171)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Interest expense, net</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(131)</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(87)</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(206)</font></p> </td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(210)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Gain (loss) on foreign currency remeasurement</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">47 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">162 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(95)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">352 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Gain on extinguishment of debt</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">462 </font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">462 </font></p> </td> <td style="height: 15pt; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in;" valign="bottom">&#160;</td> <td style="height: 15pt; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Gain on sale/leaseback transaction</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">33 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">88 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Warrant expense</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(7)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(18)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(21)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(53)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Income (loss) before income taxes</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">147 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">173 </font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(961)</font></p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="height: 15pt; background: #cceeff; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,082)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Income tax (expense) benefit</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(7)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">66 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(8)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">Net income (loss)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">140 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">173 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(895)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;">&#160;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0in 0in 0pt;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0in 0in 0pt; text-align: right;"><font style="font-size: 9pt; font-family: 'Times New Roman','serif'; color: black;">(1,090)</font></p> </td> </tr> </table> 5135000 7289000 13133000 15809000 720000 873000 2333000 2751000 351000 743000 602000 554000 160000 125000 651000 636000 -768000 -752000 -2442000 -2361000 47000 162000 <p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;"><font style="font-size: 12pt;"><font style="font-size: 12pt;"><strong>Note 12 </strong>&#x2013;<strong> Subsequent Events</strong></font></font></font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">The Company has evaluated events and transactions subsequent to September 30, 2016 and through the date these Condensed Consolidated Financial Statements were included in this Form 10-Q and filed with the SEC.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">In October 2016, the Company borrowed the remaining $450,000 available under the BFI Agreement. &#160;See Note 6 &#x2013; Long-Term Debt for further details.</font></p><br/><p style="font-size: 12pt; margin: 0px; text-align: justify;"><font style="font-size: 12pt; font-family: times new roman,times,serif;">On October 20, 2016, the Company declared a semi-annual dividend of $6.00 per share of Series B Preferred Stock aggregating $99,000, which was paid on October 24, 2016, as noted in Note 8 &#x2013; Loss Per Share.</font></p><br/> 450000 EX-101.SCH 7 tlx-20160930.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 001 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:definitionLink link:calculationLink 002 - Statement - CONSOLIDATED BALANCE SHEETS (Parentheticals) link:presentationLink link:definitionLink link:calculationLink 003 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATION (unaudited) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) link:presentationLink link:definitionLink link:calculationLink 006 - Disclosure - Basis of Presentation link:presentationLink link:definitionLink link:calculationLink 007 - Disclosure - Going Concern link:presentationLink link:definitionLink link:calculationLink 008 - Disclosure - Inventories link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - Rental Equipment link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - Property, Plant and Equipment link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - Long-Term Debt link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - Pension Plan link:presentationLink link:definitionLink link:calculationLink 013 - Disclosure - Loss Per Share link:presentationLink link:definitionLink link:calculationLink 014 - Disclosure - Contingencies link:presentationLink link:definitionLink link:calculationLink 015 - Disclosure - Related Party Transactions link:presentationLink link:definitionLink link:calculationLink 016 - Disclosure - Business Segment Data link:presentationLink link:definitionLink link:calculationLink 017 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 018 - Disclosure - Accounting Policies, by Policy (Policies) link:presentationLink link:definitionLink link:calculationLink 019 - Disclosure - Inventories (Tables) link:presentationLink link:definitionLink link:calculationLink 020 - Disclosure - Rental Equipment (Tables) link:presentationLink link:definitionLink link:calculationLink 021 - Disclosure - Property, Plant and Equipment (Tables) link:presentationLink link:definitionLink link:calculationLink 022 - Disclosure - Long-Term Debt (Tables) link:presentationLink link:definitionLink link:calculationLink 023 - Disclosure - Pension Plan (Tables) link:presentationLink link:definitionLink link:calculationLink 024 - Disclosure - Loss Per Share (Tables) link:presentationLink link:definitionLink link:calculationLink 025 - Disclosure - Business Segment Data (Tables) link:presentationLink link:definitionLink link:calculationLink 026 - Disclosure - Basis of Presentation (Details) link:presentationLink link:definitionLink link:calculationLink 027 - Disclosure - Going Concern (Details) link:presentationLink link:definitionLink link:calculationLink 028 - Disclosure - Inventories (Details) - Inventories link:presentationLink link:definitionLink link:calculationLink 029 - Disclosure - Rental Equipment (Details) link:presentationLink link:definitionLink link:calculationLink 030 - Disclosure - Rental Equipment (Details) - Schedule Of Rental Equipment link:presentationLink link:definitionLink link:calculationLink 031 - Disclosure - Property, Plant and Equipment (Details) link:presentationLink link:definitionLink link:calculationLink 032 - Disclosure - Property, Plant and Equipment (Details) - Property, plant and equipment consists of the following: link:presentationLink link:definitionLink link:calculationLink 033 - Disclosure - Long-Term Debt (Details) link:presentationLink link:definitionLink link:calculationLink 034 - Disclosure - Long-Term Debt (Details) - Long-term debt link:presentationLink link:definitionLink link:calculationLink 035 - Disclosure - Pension Plan (Details) link:presentationLink link:definitionLink link:calculationLink 036 - Disclosure - Pension Plan (Details) - Components of net periodic pension cost link:presentationLink link:definitionLink link:calculationLink 037 - Disclosure - Loss Per Share (Details) link:presentationLink link:definitionLink link:calculationLink 038 - Disclosure - Loss Per Share (Details) - Calculation of loss per share link:presentationLink link:definitionLink link:calculationLink 039 - Disclosure - Related Party Transactions (Details) link:presentationLink link:definitionLink link:calculationLink 040 - Disclosure - Business Segment Data (Details) link:presentationLink link:definitionLink link:calculationLink 041 - Disclosure - Business Segment Data (Details) - Business Segment Data link:presentationLink link:definitionLink link:calculationLink 042 - Disclosure - Subsequent Events (Details) link:presentationLink link:definitionLink link:calculationLink 000 - Disclosure - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 tlx-20160930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 tlx-20160930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 tlx-20160930_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT EX-101.PRE 11 tlx-20160930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 12 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document And Entity Information - shares
9 Months Ended
Sep. 30, 2016
Nov. 09, 2016
Document and Entity Information [Abstract]    
Entity Registrant Name TRANS LUX CORP  
Document Type 10-Q  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   1,710,671
Amendment Flag false  
Entity Central Index Key 0000099106  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Filer Category Smaller Reporting Company  
Entity Well-known Seasoned Issuer No  
Document Period End Date Sep. 30, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q3  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 203 $ 547
Receivables, less allowance of $397 - 2016 and $559 - 2015 3,035 2,888
Inventories 2,423 1,876
Prepaids and other assets 1,114 605
Total current assets 6,775 5,916
Rental equipment 21,166 21,134
Less accumulated depreciation 17,678 16,452
Total rental equipment, net 3,488 4,682
Property, plant and equipment 1,140 2,159
Less accumulated depreciation 578 1,003
Total property, plant and equipment, net 562 1,156
Goodwill 744 744
Restricted cash 612 215
Other assets 1,479 277
TOTAL ASSETS 13,660 12,990
Current liabilities:    
Accounts payable 1,773 1,209
Accrued liabilities 6,025 6,136
Current portion of long-term debt 2,567 1,031
Total current liabilities 10,365 8,376
Long-term liabilities:    
Long-term debt, less current portion 217 262
Long-term debt - related party 500  
Deferred pension liability and other 3,575 4,508
Total long-term liabilities 4,292 4,770
Total liabilities 14,657 13,146
Stockholders' deficit:    
Preferred Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2016 and 2015, Preferred Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 16,512 in 2016 and 2015 (liquidation preference $3,396,000) 3,302 3,302
Common - $0.001 par value - 10,000,000 shares authorized; shares issued: 1,738,511 in 2016 and 2015; shares outstanding: 1,710,671 in 2016 and 2015 2 2
Additional paid-in-capital 27,935 27,914
Accumulated deficit (24,027) (23,054)
Accumulated other comprehensive loss (5,146) (5,257)
Treasury stock - at cost - 27,840 common shares in 2016 and 2015 (3,063) (3,063)
Total stockholders' deficit (997) (156)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 13,660 12,990
Series A Preferred Stock [Member] | Convertible Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2016 and 2015, Preferred Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 16,512 in 2016 and 2015 (liquidation preference $3,396,000)
Series B Preferred Stock [Member] | Convertible Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2016 and 2015, Preferred Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 16,512 in 2016 and 2015 (liquidation preference $3,396,000) $ 3,302 $ 3,302
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Allowance (in Dollars) $ 397 $ 559
Common Stock, par value (in Dollars per share) $ 0.001 $ 0.001
Common Stock, shares authorized 10,000,000 10,000,000
Common Stock, shares issued 1,738,511 1,738,511
Common Stock, shares outstanding 1,710,671 1,710,671
Series A Preferred Stock [Member] | Convertible Preferred Stock [Member]    
Preferred stock, par value (in Dollars per share) $ 20 $ 20
Preferred stock, shares authorized 416,500 416,500
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Series B Preferred Stock [Member] | Convertible Preferred Stock [Member]    
Preferred stock, par value (in Dollars per share) $ 200 $ 200
Preferred stock, shares authorized 51,000 51,000
Preferred stock, shares issued 16,512 16,512
Preferred stock, shares outstanding 16,512 16,512
Preferred stock, liquidation preference (in Dollars) $ 3,396,000 $ 3,396,000
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATION (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Digital product sales $ 5,135,000 $ 7,289,000 $ 13,133,000 $ 15,809,000
Digital product lease and maintenance 720,000 873,000 2,333,000 2,751,000
Total revenues 5,855,000 8,162,000 15,466,000 18,560,000
Cost of revenues:        
Cost of digital product sales 3,745,000 5,541,000 9,885,000 12,102,000
Cost of digital product lease and maintenance 502,000 700,000 1,540,000 2,003,000
Total cost of revenues 4,247,000 6,241,000 11,425,000 14,105,000
Gross profit 1,608,000 1,921,000 4,041,000 4,455,000
General and administrative expenses (1,865,000) (1,805,000) (5,230,000) (5,626,000)
Operating (loss) income (257,000) 116,000 (1,189,000) (1,171,000)
Interest expense, net (131,000) (87,000) (206,000) (210,000)
Gain (loss) on foreign currency remeasurement 47,000 162,000 (95,000) 352,000
Gain on extinguishment of debt 462,000   462,000  
Gain on sale/leaseback transaction 33,000   88,000  
Warrant expense (7,000) (18,000) (21,000) (53,000)
Income (loss) before income taxes 147,000 173,000 (961,000) (1,082,000)
Income tax (expense) benefit (7,000)   66,000 (8,000)
Net income (loss) $ 140,000 $ 173,000 $ (895,000) $ (1,090,000)
Earnings (loss) per share - basic and diluted (in Dollars per share) $ 0.05 $ 0.10 $ (0.61) $ (0.65)
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net income (loss) $ 140,000 $ 173,000 $ (895,000) $ (1,090,000)
Other comprehensive (loss) income:        
Unrealized foreign currency translation (loss) gain (38,000) (161,000) 111,000 (358,000)
Total other comprehensive (loss) income, net of tax (38,000) (161,000) 111,000 (358,000)
Comprehensive income (loss) $ 102,000 $ 12,000 $ (784,000) $ (1,448,000)
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net loss $ (895,000) $ (1,090,000)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,334,000 1,874,000
Amortization of gain on sale/leaseback transaction (88,000)  
Loss on disposal of assets   2,000
Gain on extinguishment of debt (462,000)  
Loss (gain) on foreign currency remeasurement 95,000 (352,000)
Amortization of warrants - stock compensation expense 21,000 53,000
Bad debt expense (recovery) 294,000 (166,000)
Changes in operating assets and liabilities:    
Receivables (434,000) (1,245,000)
Inventories (547,000) (345,000)
Prepaids and other assets (580,000) (425,000)
Accounts payable 564,000 733,000
Accrued liabilities (100,000) 6,000
Deferred pension liability and other (977,000) (167,000)
Net cash used in operating activities (1,775,000) (1,122,000)
Cash flows from investing activities    
Proceeds from sale/leaseback transaction 1,100,000  
Equipment manufactured for rental (32,000) (61,000)
Purchases of property, plant and equipment (279,000) (190,000)
Deposits for property, plant and equipment (1,066,000)  
Restricted cash (397,000)  
Net cash used in investing activities (674,000) (251,000)
Cash flows from financing activities    
Proceeds from revolving loan 1,477,000  
Proceeds from long-term debt 700,000 500,000
Proceeds from long-term debt - related parties 500,000 500,000
Payments of long-term debt (404,000) (43,000)
Payments of dividends on preferred stock (78,000)  
Payments for deferred financing fees (65,000)  
Payments for fees on extinguishment of debt (27,000)  
Payments of rights offering costs   (131,000)
Net cash provided by financing activities 2,103,000 826,000
Effect of exchange rate changes 2,000 (14,000)
Net decrease in cash and cash equivalents (344,000) (561,000)
Cash and cash equivalents at beginning of year 547,000 650,000
Cash and cash equivalents at end of period 203,000 89,000
Supplemental disclosure of cash flow information:    
Interest paid 109,000 67,000
Income taxes paid
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Basis of Presentation
9 Months Ended
Sep. 30, 2016
Disclosure Text Block [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1 Basis of Presentation


As used in this report, “Trans-Lux,” the “Company,” “we,” “us,” and “our” refer to Trans-Lux Corporation and its subsidiaries.


Financial information included herein is unaudited, however, such information reflects all adjustments (of a normal and recurring nature), which are, in the opinion of management, necessary for the fair presentation of the Condensed Consolidated Financial Statements for the interim periods. The results for the interim periods are not necessarily indicative of the results to be expected for the full year.  The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (the “SEC”) and therefore do not include all information and footnote disclosures required under accounting principles generally accepted in the United States of America (“GAAP”).  The Condensed Consolidated Financial Statements included herein should be read in conjunction with the Consolidated Financial Statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.  The Condensed Consolidated Balance Sheet at December 31, 2015 is derived from the December 31, 2015 audited financial statements.


There have been no material changes in our significant accounting policies during the nine months ended September 30, 2016 from the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2015.


Recent Accounting Pronouncements:  In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-09, Compensation-Stock Compensation (Topic 718).  ASU 2016-09 simplifies the recording and reporting of stock based compensation.  Public business entities should apply the amendments in ASU 2016-09 for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years (i.e., January 1, 2017), early application is permitted.  The Company has not yet determined the effect of the adoption of this standard on the Company’s consolidated financial position and results of operations.


Reclassifications:  Certain reclassifications of prior years’ amounts have been made to conform to the current year’s presentation.


XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Going Concern
9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Substantial Doubt about Going Concern [Text Block]

Note 2 Going Concern


A fundamental principle of the preparation of financial statements in accordance with GAAP is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business.  This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent.  In accordance with this requirement, the Company has prepared its accompanying Condensed Consolidated Financial Statements assuming the Company will continue as a going concern.


We do not have adequate liquidity, including access to the debt and equity capital markets, to operate our business.  The Company incurred a net loss of $895,000 in the nine months ended September 30, 2016 and has a working capital deficiency of $3.6 million as of September 30, 2016.  As a result, our short-term business focus continues to be to preserve our liquidity position.  Unless we are successful in obtaining additional liquidity, we believe that we will not have sufficient cash and liquid assets to fund normal operations for the next 12 months.  In addition, the Company’s obligations under its pension plan exceeded plan assets by $4.2 million at September 30, 2016 and the Company has a significant amount due to its pension plan over the next 12 months.  The Company is in default on its 8¼% Limited convertible senior subordinated notes due 2012 (the “Notes”) and 9½% Subordinated debentures due 2012 (the “Debentures”), which have remaining principal balances at September 30, 2016 of $387,000 and $220,000, respectively.  As a result, if the Company is unable to (i) obtain additional liquidity for working capital, (ii) make the minimum required contributions to the defined benefit pension plan and/or (iii) make the required principal and interest payments on the Notes and the Debentures, there would be a significant adverse impact on the financial position and operating results of the Company.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amounts and classification of liabilities that may result from the outcome of this uncertainty.  See Note 6 – Long-Term Debt for further details.


Of these fixed cash obligations, thus far in 2016 using cash on hand, cash from operating activities and cash from debt financing, the Company has already made $1.1 million of contributions to its pension plan, of which $791,000 relates to minimum required contributions and $313,000 relates to additional contributions above the minimum required contribution.  Based on the additional contributions, the Pension Benefit Guaranty Corporation (“PBGC”) released its lien on all of the Company’s assets.  The Company continues to consider further exchanges of the $387,000 of Notes and the $220,000 of Debentures remaining as of September 30, 2016, but has no agreements, commitments or understandings with respect to any further such exchanges.


The Company is seeking additional financing in order to provide enough cash to cover our remaining current fixed cash obligations as well as providing working capital.  However, there can be no assurance as to the amounts, if any, the Company will receive in any additional financings or the terms thereof.  To the extent the Company issues additional equity securities, it could be dilutive to existing shareholders.  In addition, the Company’s current debt financing could limit its ability to incur more debt.


XML 20 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories
9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

Note 3 – Inventories


Inventories consist of the following:


 

September 30

2016

 

December 31

2015

In thousands

 

Raw materials

$

1,718

 

$

1,378

Work-in-progress

 

381

   

409

Finished goods

 

324

 

 

89

Total inventories

$

2,423

 

$

1,876


XML 21 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Rental Equipment
9 Months Ended
Sep. 30, 2016
Rental Equipment [Abstract]  
Rental Equipment [Text Block]

Note 4 – Rental Equipment


Rental equipment consists of the following:


 

September 30

2016

 

December 31

2015

In thousands

 

Rental equipment

$

21,166

 

$

21,134

Less accumulated depreciation

 

17,678

 

 

16,452

Net rental equipment

$

3,488

 

$

4,682


The Company entered into a Master Agreement for Sale and Assignment of Leases with AXIS Capital, Inc. (the “Assignment Agreement”) in 2013 and financed the future receivables relating to certain lease contracts.  The liabilities related to this transaction are included in Accrued liabilities and in Deferred pension liability and other in the Condensed Consolidated Balance Sheets.  A security interest was granted on the rental equipment underlying the lease contract receivables sold to AXIS Capital, Inc. by the Company pursuant to the Assignment Agreement.


Depreciation expense for rental equipment for the three months ended September 30, 2016 and 2015 was $409,000 and $600,000, respectively.  Depreciation expense for rental equipment for the nine months ended September 30, 2016 and 2015 was $1.2 million and $1.7 million, respectively.


XML 22 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property, Plant and Equipment
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 5 – Property, Plant and Equipment


Property, plant and equipment consists of the following:


 

September 30

2016

 

December 31

2015

In thousands

 

Land, buildings and improvements

$

-

 

$

1,256

Machinery, fixtures and equipment

 

1,115

   

878

Leaseholds and improvements

 

25

 

 

25

Property, plant and equipment, Gross  

1,140

   

2,159

Less accumulated depreciation

 

578

 

 

1,003

Net property, plant and equipment

$

562

 

$

1,156


On February 1, 2016, the Company sold its Des Moines, Iowa facility for $1.1 million in a sale/leaseback transaction.  The lease is for a two year period at an annual rental of $158,000.  As a result of the sale, the remaining $329,000 mortgage was paid in full.  Net proceeds of $661,000 were received after paying off the related mortgage.  The Company calculated a gain of $267,000, which will be recognized over the 24 month term of the lease.  For the three and nine months ended September 30, 2016, $33,000 and $88,000, respectively, of the gain has been recognized.


Depreciation expense for property, plant and equipment for the three months ended September 30, 2016 and 2015 was $40,000 and $57,000, respectively.  Depreciation expense for property, plant and equipment for the nine months ended September 30, 2016 and 2015 was $108,000 and $153,000, respectively.


The Company has paid $1.1 million of deposits toward new manufacturing machinery, which is included in Other assets in the Condensed Consolidated Balance Sheets as of September 30, 2016. We expect to put this new machinery into service in the 4th quarter of 2016.


XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

Note 6 Long-Term Debt


Long-term debt consists of the following:


 

September 30

2016

 

December 31

2015

In thousands

 

Credit agreement – revolving loan

$

1,477

 

$

-

Credit agreement – term loan

 

400

 

 

-

8¼% Limited convertible senior  subordinated notes due 2012

 

387

 

 

626

9½% Subordinated debentures due 2012

 

220

   

334

Term loan – related party

 

500

 

 

-

Term loan – other

 

300

 

 

-

Real estate mortgage – secured

 

-

 

 

333

Long-term debt, including current portion

 

3,284

 

 

1,293

Less portion due within one year

 

2,567

 

 

1,031

Long-term debt

$

717

 

$

262


On July 12, 2016, the Company entered into a Credit and Security Agreement (the “Credit Agreement”) with its wholly-owned subsidiaries Trans-Lux Display Corporation, Trans-Lux Midwest Corporation and Trans-Lux Energy Corporation as borrowers (the “Borrowers”) and SCM Specialty Finance Opportunities Fund, L.P. (“SCM”), as lender.  Under the Credit Agreement, the Company is able to borrow up to an aggregate of $4.0 million, which includes (i) up to $3.0 million of a revolving loan, at an interest rate of prime plus 4.0%, for an equipment purchase, repayment of certain outstanding obligations, including payments to the Company’s pension plan, the purchase of inventory/product and general working capital purposes, and (ii) a $1.0 million term loan, at an interest rate of prime plus 6.0%, for the purchase of equipment.  The availability under the revolving loan is calculated based on certain percentages of eligible receivables and inventory.  Due to limited availability at the inception of the Credit Agreement, the Company capped the revolving loan at $2.0 million, while reserving the option to remove the cap when needed.  As of September 30, 2016, the Company had drawn $1.5 million on the revolving loan and $400,000 on the term loan.  Interest under the Credit Agreement is payable monthly in arrears.  The Credit Agreement also requires the payment of certain fees, including, but not limited to a facility fee, an unused line fee and a collateral management fee.


The Credit Agreement contains financial and other covenant requirements, including, but not limited to, financial covenants that require the Borrowers to maintain a fixed charge coverage ratio of at least 1.1 to 1.0 starting with their August 31, 2016 financial statements.  As of September 30, 2016, the Company was in compliance with all covenants.  The Credit Agreement allows the Company to continue to pay dividends on all its Series B Convertible Preferred Stock (“Series B Preferred Stock”) or any other new preferred stock, if any, which dividends will be excluded as fixed charges for 18 months.


The Credit Agreement is secured by substantially all of the Borrowers’ assets and expires July 12, 2019, unless earlier terminated by the parties in accordance with the termination provisions of the Credit Agreement.  The foregoing description of the Credit Agreement is included to provide information regarding its terms.  It does not purport to be a complete description and is qualified in its entirety by reference to the full text of the Credit Agreement.


In connection with the agreement between BFI Capital Fund II, LLC (“BFI”) and the Borrowers (the “BFI Agreement”), the Borrowers entered into a First Amendment to Credit and Security Agreement dated as of September 8, 2016 with SCM, to provide for certain amendments to the Credit and Security Agreement with SCM dated July 12, 2016 to allow for the Company’s entry into the BFI Agreement and the security interest granted to BFI thereunder.  The Company, BFI and SCM also entered into a Mutual Lien Intercreditor Agreement, dated as of September 8, 2016, setting forth SCM’s senior lien position to all collateral of the Company, except for the purchase order securing the BFI Agreement, and the rights of each of SCM and BFI with respect to the collateral of the Company.


As of September 30, 2016, the Company had outstanding $387,000 of Notes which are no longer convertible into common shares.  The Notes matured as of March 1, 2012 and are currently in default.  As of September 30, 2016 and December 31, 2015, the Company had accrued $226,000 and $327,000, respectively, of interest related to the Notes, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Notes outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.  On July 15, 2016, holders of $239,000 of the Notes accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $48,000.  As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $309,000.


As of September 30, 2016, the Company had outstanding $220,000 of Debentures.  The Debentures matured as of December 1, 2012 and are currently in default.  As of September 30, 2016 and December 31, 2015, the Company had accrued $143,000 and $193,000, respectively, of interest related to the Debentures, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Debentures outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.  On July 15, 2016, holders of $114,000 of the Debentures accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $200 in cash, for an aggregate payment by the Company of $23,000.  As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $155,000.


On September 8, 2016, the Company entered into the BFI Agreement, pursuant to which the Company can borrow up to $750,000 at a fixed rate of interest of 10.00%, with a maturity date of May 1, 2017.  As of September 30, 2016, the Company has borrowed $300,000 under the BFI Agreement.  Subsequent to September 30, 2016, the Company borrowed the remaining $450,000 available under the BFI Agreement and currently has the full $750,000 outstanding under the BFI Agreement.  Under the BFI Agreement, the Company granted BFI a security interest in accounts receivable, materials and intangibles relating to a certain purchase order for equipment issued in July 2016.


On April 27, 2016, the Company received a $500,000 loan from Carlisle Investments, Inc. (“Carlisle”) at a fixed interest rate of 12.00%, which is due to mature on April 27, 2019 with a bullet payment of all principal due at such time.  Interest is payable monthly.  Marco Elser, a Director of the Company, exercises voting and dispositive power as investment manager of Carlisle.


As of December 31, 2015, the Company, through a subsidiary, had a $333,000 mortgage on its facility in Des Moines, Iowa, which was due to mature on March 1, 2020.  On February 1, 2016, the Des Moines facility was sold in a sale/leaseback transaction and the mortgage was paid in full.


XML 24 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Pension Plan
9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 7 Pension Plan


As of December 31, 2003, the benefit service under the pension plan had been frozen and, accordingly, there is no service cost.  As of April 30, 2009, the compensation increments had been frozen and, accordingly, no additional benefits are being accrued under the pension plan.


The following table presents the components of net periodic pension cost:


 

 

Three months ended

September 30

 

 

Nine months ended

September 30

In thousands

 

2016

 

 

2015

 

 

2016

 

 

2015

Interest cost

$

124

 

$

144

 

$

365

 

$

432

Expected return on plan assets

 

(168)

   

(169)

   

(504)

   

(507)

Amortization of net actuarial loss

 

53

 

 

140

 

 

149

 

 

420

Net periodic pension cost

$

9

 

$

115

 

$

10

 

$

345


As of September 30, 2016, the Company has recorded a current pension liability of $804,000, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $3.5 million, which is included in Deferred pension liability and other in the Condensed Consolidated Balance Sheets.  The minimum required contribution in 2016 is expected to be $1.0 million.  In 2016, the Company has already made $1.1 million of contributions to its pension plan, of which $791,000 relates to minimum required contributions and $313,000 relates to additional contributions above the minimum required contribution.  Based on the additional contributions, the PBGC released its lien on all of the Company’s assets.


XML 25 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loss Per Share
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 8 Loss Per Share


The following table presents the calculation of loss per share for the three and nine months ended September 30, 2016 and 2015:


 

Three months ended

September 30

 

Nine months ended

September 30

In thousands

2016

 

2015

 

2016

 

2015

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), as reported

$

140

 

$

173

 

$

(895)

 

$

(1,090)

Accrued dividends on preferred shares

 

(50)

 

 

-

 

 

(149)

 

 

-

Net income (loss) attributable to common shares

$

90

 

$

173

 

$

(1,044)

 

$

(1,090)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

1,711

 

 

1,673

 

 

1,711

 

 

1,673

Basic and diluted earnings (loss) per share

$

0.05

 

$

0.10

 

$

(0.61)

 

$

(0.65)


Basic loss per common share is computed by dividing net loss attributable to common shares by the weighted average number of common shares outstanding for the period.  Diluted loss per common share is computed by dividing net loss attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.


On October 20, 2016, the Company declared a semi-annual dividend of $6.00 per share of Series B Preferred Stock aggregating $99,000, which was paid on October 24, 2016.  On April 15, 2016, the Company declared a semi-annual dividend of $4.72 per share of Series B Preferred Stock aggregating $78,000, which was paid on May 26, 2016.


At September 30, 2016, the Company accumulated unpaid dividends of $94,000 related to the Series B Preferred Stock issued in November 2015.  There were no accumulated unpaid dividends related to Series B Preferred Stock at September 30, 2015.


As of September 30, 2016, the Company had 52,000 warrants outstanding, none of which were used in the calculation of diluted earnings (loss) per share because their exercise price was greater than the average stock price for the period and their inclusion would have been anti-dilutive.  These warrants could be dilutive in the future if the average share price increases and is greater than the exercise price of these warrants.


As of September 30, 2016, the Company had 16,512 shares of Series B Preferred Stock outstanding, which were convertible into 330,240 shares of Common Stock, none of which were used in the calculation of diluted earnings (loss) per share because their purchase price was greater than the average stock price for the period and their inclusion would have been anti-dilutive.  These shares of Series B Preferred Stock could be dilutive in the future if the average share price increases and is greater than the purchase price of these shares of Series B Preferred Stock.


XML 26 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Contingencies
9 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

Note 9 Contingencies


The Company is subject to legal proceedings and claims which arise in the ordinary course of its business and/or which are covered by insurance.  The Company believes that it has accrued adequate reserves individually and in the aggregate for such legal proceedings.  Should actual litigation results differ from the Company’s estimates, revisions to increase or decrease the accrued reserves may be required.


XML 27 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 10 Related Party Transactions


Yaozhong Shi, a director of the Company, is the Chairman of Transtech LED Company Limited (“Transtech”), which is our primary LED supplier.  On June 30, 2016, the Company entered into a 1-year Trademark Licensing Agreement with Transtech, pursuant to which Transtech paid the Company $72,500 upon signing the agreement and will pay the Company a 3% royalty on any equipment sold using the Company’s trademark.  In the three and nine months ended September 30, 2016, there were no such sales.


XML 28 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segment Data
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 11 Business Segment Data


Operating segments are based on the Company’s business components about which separate financial information is available and are evaluated regularly by the Company’s chief operating decision makers in deciding how to allocate resources and in assessing performance of the business.


The Company evaluates segment performance and allocates resources based upon operating income (loss). The Company’s operations are managed in two reportable business segments: Digital product sales and Digital product lease and maintenance.  Both design and produce large-scale, multi-color, real-time digital displays and LED lighting, which has a line of energy-saving lighting solutions that provide facilities and public infrastructure with “green” lighting solutions that emit less heat, save energy and enable creative designs.  Both operating segments are conducted on a global basis, primarily through operations in the United States.  The Company also has operations in Canada.  The Digital product sales segment sells equipment and the Digital product lease and maintenance segment leases and maintains equipment.  Corporate general and administrative items relate to costs that are not directly identifiable with a segment.  There are no intersegment sales.


Foreign revenues represent less than 10% of the Company’s revenues in 2016 and 2015.  The foreign operation does not manufacture its own equipment; the domestic operation provides the equipment that the foreign operation leases or sells.  The foreign operation operates similarly to the domestic operation and has similar profit margins.  Foreign assets are immaterial.


Information about the Company’s operations in its two business segments for the three and nine months ended September 30, 2016 and 2015 is as follows:


 

Three Months Ended

September 30

 

Nine Months Ended

September 30

   

In thousands

2016

 

2015

 

2016

 

2015

Revenues:

 

 

 

 

 

 

 

 

 

Digital product sales

$

5,135

 

$

7,289

 

$

13,133

 

$

15,809

Digital product lease and maintenance

 

720

 

 

873

 

 

2,333

 

 

2,751

Total revenues

$

5,855

 

$

8,162

 

$

15,466

 

$

18,560

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

Digital product sales

$

351

 

$

743

 

$

602

 

$

554

Digital product lease and maintenance

 

160

 

 

125

 

 

651

 

 

636

Corporate general and administrative expenses

 

(768)

 

 

(752)

 

 

(2,442)

 

 

(2,361)

Total operating income (loss)

 

(257)

 

 

116

 

 

(1,189)

 

 

(1,171)

Interest expense, net

 

(131)

   

(87)

   

(206)

   

(210)

Gain (loss) on foreign currency remeasurement

 

47

 

 

162

 

 

(95)

 

 

352

Gain on extinguishment of debt

 

462

   

-

   

462

   

-

Gain on sale/leaseback transaction

 

33

 

 

-

 

 

88

 

 

-

Warrant expense

 

(7)

 

 

(18)

 

 

(21)

 

 

(53)

Income (loss) before income taxes

 

147

 

 

173

 

 

(961)

 

 

(1,082)

Income tax (expense) benefit

 

(7)

 

 

-

 

 

66

 

 

(8)

Net income (loss)

$

140

 

$

173

 

$

(895)

 

$

(1,090)


XML 29 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 12 Subsequent Events


The Company has evaluated events and transactions subsequent to September 30, 2016 and through the date these Condensed Consolidated Financial Statements were included in this Form 10-Q and filed with the SEC.


In October 2016, the Company borrowed the remaining $450,000 available under the BFI Agreement.  See Note 6 – Long-Term Debt for further details.


On October 20, 2016, the Company declared a semi-annual dividend of $6.00 per share of Series B Preferred Stock aggregating $99,000, which was paid on October 24, 2016, as noted in Note 8 – Loss Per Share.


XML 30 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounting Policies, by Policy (Policies)
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements:  In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-09, Compensation-Stock Compensation (Topic 718).  ASU 2016-09 simplifies the recording and reporting of stock based compensation.  Public business entities should apply the amendments in ASU 2016-09 for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years (i.e., January 1, 2017), early application is permitted.  The Company has not yet determined the effect of the adoption of this standard on the Company’s consolidated financial position and results of operations.

Reclassification, Policy [Policy Text Block]

Reclassifications:  Certain reclassifications of prior years’ amounts have been made to conform to the current year’s presentation.

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Tables)
9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current [Table Text Block]
 

September 30

2016

 

December 31

2015

In thousands

 

Raw materials

$

1,718

 

$

1,378

Work-in-progress

 

381

   

409

Finished goods

 

324

 

 

89

Total inventories

$

2,423

 

$

1,876

XML 32 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Rental Equipment (Tables)
9 Months Ended
Sep. 30, 2016
Rental Equipment [Abstract]  
Rental Equipment [Table Text Block]

 

September 30

2016

 

December 31

2015

In thousands

 

Rental equipment

$

21,166

 

$

21,134

Less accumulated depreciation

 

17,678

 

 

16,452

Net rental equipment

$

3,488

 

$

4,682

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property, Plant and Equipment (Tables)
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
 

September 30

2016

 

December 31

2015

In thousands

 

Land, buildings and improvements

$

-

 

$

1,256

Machinery, fixtures and equipment

 

1,115

   

878

Leaseholds and improvements

 

25

 

 

25

Property, plant and equipment, Gross  

1,140

   

2,159

Less accumulated depreciation

 

578

 

 

1,003

Net property, plant and equipment

$

562

 

$

1,156

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
 

September 30

2016

 

December 31

2015

In thousands

 

Credit agreement – revolving loan

$

1,477

 

$

-

Credit agreement – term loan

 

400

 

 

-

8¼% Limited convertible senior  subordinated notes due 2012

 

387

 

 

626

9½% Subordinated debentures due 2012

 

220

   

334

Term loan – related party

 

500

 

 

-

Term loan – other

 

300

 

 

-

Real estate mortgage – secured

 

-

 

 

333

Long-term debt, including current portion

 

3,284

 

 

1,293

Less portion due within one year

 

2,567

 

 

1,031

Long-term debt

$

717

 

$

262

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Pension Plan (Tables)
9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Benefit Costs [Table Text Block]
 

 

Three months ended

September 30

 

 

Nine months ended

September 30

In thousands

 

2016

 

 

2015

 

 

2016

 

 

2015

Interest cost

$

124

 

$

144

 

$

365

 

$

432

Expected return on plan assets

 

(168)

   

(169)

   

(504)

   

(507)

Amortization of net actuarial loss

 

53

 

 

140

 

 

149

 

 

420

Net periodic pension cost

$

9

 

$

115

 

$

10

 

$

345

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

Three months ended

September 30

 

Nine months ended

September 30

In thousands

2016

 

2015

 

2016

 

2015

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), as reported

$

140

 

$

173

 

$

(895)

 

$

(1,090)

Accrued dividends on preferred shares

 

(50)

 

 

-

 

 

(149)

 

 

-

Net income (loss) attributable to common shares

$

90

 

$

173

 

$

(1,044)

 

$

(1,090)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

1,711

 

 

1,673

 

 

1,711

 

 

1,673

Basic and diluted earnings (loss) per share

$

0.05

 

$

0.10

 

$

(0.61)

 

$

(0.65)

XML 37 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segment Data (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

 

Three Months Ended

September 30

 

Nine Months Ended

September 30

   

In thousands

2016

 

2015

 

2016

 

2015

Revenues:

 

 

 

 

 

 

 

 

 

Digital product sales

$

5,135

 

$

7,289

 

$

13,133

 

$

15,809

Digital product lease and maintenance

 

720

 

 

873

 

 

2,333

 

 

2,751

Total revenues

$

5,855

 

$

8,162

 

$

15,466

 

$

18,560

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

Digital product sales

$

351

 

$

743

 

$

602

 

$

554

Digital product lease and maintenance

 

160

 

 

125

 

 

651

 

 

636

Corporate general and administrative expenses

 

(768)

 

 

(752)

 

 

(2,442)

 

 

(2,361)

Total operating income (loss)

 

(257)

 

 

116

 

 

(1,189)

 

 

(1,171)

Interest expense, net

 

(131)

   

(87)

   

(206)

   

(210)

Gain (loss) on foreign currency remeasurement

 

47

 

 

162

 

 

(95)

 

 

352

Gain on extinguishment of debt

 

462

   

-

   

462

   

-

Gain on sale/leaseback transaction

 

33

 

 

-

 

 

88

 

 

-

Warrant expense

 

(7)

 

 

(18)

 

 

(21)

 

 

(53)

Income (loss) before income taxes

 

147

 

 

173

 

 

(961)

 

 

(1,082)

Income tax (expense) benefit

 

(7)

 

 

-

 

 

66

 

 

(8)

Net income (loss)

$

140

 

$

173

 

$

(895)

 

$

(1,090)

XML 38 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Going Concern (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Going Concern (Details) [Line Items]        
Net Income (Loss) Attributable to Parent $ 140,000 $ 173,000 $ (895,000) $ (1,090,000)
Working Capital Deficit 3,600,000   3,600,000  
Defined Benefit Plan, Funded Status of Plan (4,200,000)   (4,200,000)  
Pension Contributions     1,100,000  
Defined Benefit Plan, Minimum Required Contributions by Employer     791,000  
Defined Benifit Plan, Additional Contribution Above Minimum Required Contribution     313,000  
8¼% Limited Convertible Senior Subordinated Notes Due 2012 [Member]        
Going Concern (Details) [Line Items]        
Convertible Notes Payable 387,000   387,000  
Debt Instrument, Debt Default, Amount 387,000   387,000  
9½% Subordinated Debentures Due 2012 [Member]        
Going Concern (Details) [Line Items]        
Convertible Notes Payable 220,000   220,000  
Debt Instrument, Debt Default, Amount $ 220,000   $ 220,000  
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Details) - Inventories - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Inventories [Abstract]    
Raw materials $ 1,718 $ 1,378
Work-in-progress 381 409
Finished goods 324 89
Total inventories $ 2,423 $ 1,876
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Rental Equipment (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Rental Equipment (Details) [Line Items]        
Depreciation $ 40,000 $ 57,000 $ 108,000 $ 153,000
Rental Equipment [Member]        
Rental Equipment (Details) [Line Items]        
Depreciation $ 409,000 $ 600,000 $ 1,200,000 $ 1,700,000
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Rental Equipment (Details) - Schedule Of Rental Equipment - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Schedule Of Rental Equipment [Abstract]    
Rental equipment $ 21,166 $ 21,134
Less accumulated depreciation 17,678 16,452
Net rental equipment $ 3,488 $ 4,682
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property, Plant and Equipment (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Property, Plant and Equipment (Details) [Line Items]        
Sale Leaseback Transaction, Date     February 1, 2016  
Sale Leaseback Transaction, Gross Proceeds, Investing Activities     $ 1,100,000  
Sale Leaseback Transaction, Lease Period     2 years  
Sale Leaseback Transaction, Annual Rental Payments     $ 158,000  
Payments for Mortgage Deposits     329,000  
Sale Leaseback Transaction, Net Proceeds, Investing Activities     661,000  
Sale Leaseback Transaction, Deferred Gain, Gross $ 267,000   267,000  
Sale Leaseback Transaction, Current Period Gain Recognized 33,000   88,000  
Depreciation $ 40,000 $ 57,000 108,000 $ 153,000
Machinery and Equipment [Member]        
Property, Plant and Equipment (Details) [Line Items]        
Payments for Mortgage Deposits     $ 1,100,000  
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property, Plant and Equipment (Details) - Property, plant and equipment consists of the following: - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, Gross $ 1,140 $ 2,159
Less accumulated depreciation 578 1,003
Net property, plant and equipment 562 1,156
Land, Buildings and Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, Gross   1,256
Machinery Fixture And Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, Gross 1,115 878
Leasehold Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, Gross $ 25 $ 25
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 08, 2016
Jul. 15, 2016
Apr. 27, 2016
Dec. 31, 2015
Sep. 30, 2016
Sep. 30, 2016
Oct. 01, 2016
Jul. 12, 2016
Long-Term Debt (Details) [Line Items]                
Line of Credit Facility, Covenant Terms           The Credit Agreement contains financial and other covenant requirements, including, but not limited to, financial covenants that require the Borrowers to maintain a fixed charge coverage ratio of at least 1.1 to 1.0 starting with their August 31, 2016 financial statements.    
Line of Credit Facility, Dividend Restrictions           The Credit Agreement allows the Company to continue to pay dividends on all its Series B Convertible Preferred Stock (“Series B Preferred Stock”) or any other new preferred stock, if any, which dividends will be excluded as fixed charges for 18 months.    
Gain (Loss) on Extinguishment of Debt         $ 462,000 $ 462,000    
8¼% Limited Convertible Senior Subordinated Notes Due 2012 [Member]                
Long-Term Debt (Details) [Line Items]                
Convertible Notes Payable         387,000 $ 387,000    
Debt Instrument, Maturity Date           Mar. 01, 2012    
Interest Payable, Current       $ 327,000 $ 226,000 $ 226,000    
Debt Instrument, Debt Default Payable, Percentage         25.00% 25.00%    
Convertible Debt [Member]                
Long-Term Debt (Details) [Line Items]                
Convertible Notes Payable   $ 239,000            
Debt Exchange, Each Principal Amount Of Original Debt Exchanged   1,000            
Repayment Of Convertible Debt Principal   200            
Debt Exchanged Aggregate Payment   48,000            
Gain (Loss) on Extinguishment of Debt   309,000            
9½% Subordinated Debentures Due 2012 [Member]                
Long-Term Debt (Details) [Line Items]                
Convertible Notes Payable         $ 220,000 $ 220,000    
Debt Instrument, Maturity Date           Dec. 01, 2012    
Interest Payable, Current       $ 193,000 143,000 $ 143,000    
Debt Instrument, Debt Default Payable, Percentage       25.00%        
Convertable Debentures [Member]                
Long-Term Debt (Details) [Line Items]                
Convertible Notes Payable   114,000            
Debt Exchange, Each Principal Amount Of Original Debt Exchanged   1,000            
Repayment Of Convertible Debt Principal   200            
Debt Exchanged Aggregate Payment   23,000            
Gain (Loss) on Extinguishment of Debt   $ 155,000            
Mortgages [Member]                
Long-Term Debt (Details) [Line Items]                
Debt Instrument, Maturity Date       Mar. 01, 2020        
Mortgage Loans on Real Estate, Carrying Amount of Mortgages       $ 333,000        
Carlisle Investment Inc [Member]                
Long-Term Debt (Details) [Line Items]                
Debt Instrument, Interest Rate, Stated Percentage     12.00%          
Debt Instrument, Maturity Date     Apr. 27, 2019          
Debt Instrument, Face Amount     $ 500,000          
Debt Instrument, Frequency of Periodic Payment     monthly          
BFI Agreement [Member]                
Long-Term Debt (Details) [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity $ 750,000              
Debt Instrument, Interest Rate, Stated Percentage 10.00%              
Line of Credit Facility, Current Borrowing Capacity         300,000 300,000    
Debt Instrument, Maturity Date May 01, 2017              
BFI Agreement [Member] | Subsequent Event [Member]                
Long-Term Debt (Details) [Line Items]                
Line of Credit Facility, Current Borrowing Capacity             $ 750,000  
Line of Credit Facility, Remaining Borrowing Capacity             $ 450,000  
Letter of Credit [Member]                
Long-Term Debt (Details) [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity               $ 4,000,000
Revolving Credit Facility [Member]                
Long-Term Debt (Details) [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity               $ 3,000,000
Debt Instrument, Interest Rate, Stated Percentage               4.00%
Line of Credit Facility, Current Borrowing Capacity         1,500,000 1,500,000   $ 2,000,000
Term Loan [Member]                
Long-Term Debt (Details) [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity               $ 1,000,000
Debt Instrument, Interest Rate, Stated Percentage               6.00%
Line of Credit Facility, Current Borrowing Capacity         $ 400,000 $ 400,000    
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Details) - Long-term debt - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Long-term debt, including current portion $ 3,284 $ 1,293
Less portion due within one year 2,567 1,031
Long-term debt 717 262
Credit Agreemnet Revolving Loan [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 1,477
Credit Agreemnet Term Loan [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 400
8¼% Limited Convertible Senior Subordinated Notes Due 2012 [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 387 626
9½% Subordinated Debentures Due 2012 [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 220 334
Term Loan - Related Party [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 500
Term Loan - Other [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 300
Real Estate Mortgage Secured [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion $ 333
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Pension Plan (Details)
9 Months Ended
Sep. 30, 2016
USD ($)
Compensation and Retirement Disclosure [Abstract]  
Defined Benefit Pension Plan Liabilities, Current $ 804,000
Defined Benefit Pension Plan, Liabilities, Noncurrent 3,500,000
Defined Benefit Plan, Expected Contributions in Current Fiscal Year 1,000,000
Defined Benefit Plan, Contributions by Employer 1,100,000
Defined Benefit Plan, Minimum Required Contributions by Employer 791,000
Defined Benifit Plan, Additional Contribution Above Minimum Required Contribution $ 313,000
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Pension Plan (Details) - Components of net periodic pension cost - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Components of net periodic pension cost [Abstract]        
Interest cost $ 124 $ 144 $ 365 $ 432
Expected return on plan assets (168) (169) (504) (507)
Amortization of net actuarial loss 53 140 149 420
Net periodic pension cost $ 9 $ 115 $ 10 $ 345
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loss Per Share (Details) - USD ($)
Oct. 20, 2016
Apr. 15, 2016
Sep. 30, 2016
Dec. 31, 2015
Warrant [Member]        
Loss Per Share (Details) [Line Items]        
Class of Warrant or Right, Outstanding     52,000  
Series B Preferred Stock [Member]        
Loss Per Share (Details) [Line Items]        
Dividends Payable, Date Declared   Apr. 15, 2016    
Preferred Stock, Dividends Per Share, Declared   $ 4.72    
Dividends, Preferred Stock, Cash   $ 78,000    
Dividends Payable, Date to be Paid   May 26, 2016    
Dividends Payable     $ 94,000  
Series B Preferred Stock [Member] | Convertible Preferred Stock [Member]        
Loss Per Share (Details) [Line Items]        
Preferred Stock, Shares Outstanding     16,512 16,512
Convertible Preferred Stock, Shares Issued upon Conversion     330,240  
Subsequent Event [Member] | Series B Preferred Stock [Member]        
Loss Per Share (Details) [Line Items]        
Dividends Payable, Date Declared Oct. 20, 2016      
Preferred Stock, Dividends Per Share, Declared $ 6.00      
Dividends, Preferred Stock, Cash $ 99,000      
Dividends Payable, Date to be Paid Oct. 24, 2016      
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loss Per Share (Details) - Calculation of loss per share - USD ($)
$ / shares in Units, shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Numerator:        
Net income (loss), as reported $ 140,000 $ 173,000 $ (895,000) $ (1,090,000)
Accrued dividends on preferred shares (50,000)   (149,000)  
Net income (loss) attributable to common shares $ 90,000 $ 173,000 $ (1,044,000) $ (1,090,000)
Denominator:        
Weighted average shares outstanding (in Shares) 1,711 1,673 1,711 1,673
Basic and diluted earnings (loss) per share (in Dollars per share) $ 0.05 $ 0.10 $ (0.61) $ (0.65)
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions (Details) - Transtech [Member]
9 Months Ended
Sep. 30, 2016
USD ($)
Related Party Transactions (Details) [Line Items]  
Related Party Transaction, Amounts of Transaction $ 72,500
Royalty Receivable Percentage 3.00%
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segment Data (Details)
9 Months Ended
Sep. 30, 2016
Business Segment Data (Details) [Line Items]  
Number of Reportable Segments 2
Sales Revenue, Net [Member] | Foreign [Member]  
Business Segment Data (Details) [Line Items]  
Concentration Risk, Percentage 10.00%
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segment Data (Details) - Business Segment Data - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Revenues $ 5,855,000 $ 8,162,000 $ 15,466,000 $ 18,560,000
Operating income (loss):        
Operating Income (Loss) (257,000) 116,000 (1,189,000) (1,171,000)
Interest expense, net (131,000) (87,000) (206,000) (210,000)
Gain (loss) on foreign currency remeasurement 47,000 162,000 (95,000) 352,000
Gain on extinguishment of debt 462,000   462,000  
Gain on sale/leaseback transaction 33,000   88,000  
Warrant expense (7,000) (18,000) (21,000) (53,000)
Income (loss) before income taxes 147,000 173,000 (961,000) (1,082,000)
Income tax (expense) benefit (7,000)   66,000 (8,000)
Net income (loss) 140,000 173,000 (895,000) (1,090,000)
Corporate, Non-Segment [Member]        
Operating income (loss):        
Operating Income (Loss) (768,000) (752,000) (2,442,000) (2,361,000)
Digital Product Sales [Member] | Operating Segments [Member]        
Revenues:        
Revenues 5,135,000 7,289,000 13,133,000 15,809,000
Operating income (loss):        
Operating Income (Loss) 351,000 743,000 602,000 554,000
Digital Product Lease And Maintenance [Member] | Operating Segments [Member]        
Revenues:        
Revenues 720,000 873,000 2,333,000 2,751,000
Operating income (loss):        
Operating Income (Loss) $ 160,000 $ 125,000 $ 651,000 $ 636,000
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events (Details) - USD ($)
Oct. 20, 2016
Apr. 15, 2016
Oct. 31, 2016
Series B Preferred Stock [Member]      
Subsequent Events (Details) [Line Items]      
Preferred Stock, Dividends Per Share, Declared (in Dollars per share)   $ 4.72  
Dividends, Preferred Stock, Cash   $ 78,000  
Subsequent Event [Member] | Series B Preferred Stock [Member]      
Subsequent Events (Details) [Line Items]      
Preferred Stock, Dividends Per Share, Declared (in Dollars per share) $ 6.00    
Dividends, Preferred Stock, Cash $ 99,000    
BFI Agreement [Member] | Subsequent Event [Member]      
Subsequent Events (Details) [Line Items]      
Debt Instrument, Face Amount     $ 450,000
EXCEL 54 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( .2&:DF9D_GWS $ -,: 3 6T-O;G1E;G1?5'EP97-= M+GAM;,V9RT[#,!!%?Z7*%C6N[?(494/9 A+\@$FFC=4XMFRWE+_'3@%!51"O M2G>31^]X[DW&.9N>WS\Y"H.U:;LP*9H8W1ECH6K(J%!:1UU29M8;%=.MGS.G MJH6:$Q.CT1&K;!>IB\.8>Q07YS;"/7X4C?)4WT6?YKO[VWA? ML+\<>:[]]6=#[\7 ^M,>(?&C' (DAP3),0;)<0B2XP@DQS%(CA.0'*<@.?@( M)0@*43D*4CD*4SD*5#D*53D*5CD*5SD*6#D*604*604*604*604*604*604* M604*604*604*604*624*624*624*624*624*624*624*624*624*624*6<[% *P( L !? M.0Q(OW[ MCMB PD.MQ-*O>X^NO ZIK XTHO8<4M?'5$Q^#*G*_=ITJK$"2+8CCVG!D4*> M-BP>-9?20D0[8$NP+,L5R*V.V:SGVL7.U49V[M,41Y26M#;3"&>6X9MY6&3I M//B)]!=C;IK>TI;MR5/0!_ZS#0//>997'L=V+YRO+0O]C^AY%.!)T:'B1?4C M9@,2[2F]@OIZ (4QOCLEFI2"(S>C@KN_V/P"4$L#!!0 ( .2&:DEYY7JT ML0$ !L: : >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'/%V< 94 *S=LU1MH8* $^I/.&/7NK2P,_LP7%R3?IDT[R9EWT3QI MVD4;R_EC.%7IT+6Q/O1Q\M:0D(:PY6@O@6CA>"P!; M.&(+(%LX9@M 6SAJ"V!;.&X+@%LX<@N@6SAV"\!;.'HKT%LY>BO06TGOVNAE MFZ.W KV5H[<"O96CMP*]E:.W KV5H[<"O96CMP*]E:.W KV5H[X[>'NCM.7K["[UC70UA^Y2&0[N/UZ[Y-AP67> =T_LI7#_E/!4V M7&B=QIV".Q^O_M2>F-0NE+$^(!J)0K16 MHC1:LN[9. =8#79J&U3VZW=.@)$V22D/XP7G_-UWOOO.)P^DZ?1#K3+45J"! MUU4J39^,-ZVEM5G?\PQ?XHJ9KP21M#M7>L4L?>J%I^9SP7&L^'J%TGK=3N?: MPU>+,L'D,CN0MOR!BS+,LE1P9H62_H/@6ADUMQ"\:;.=[1DTL ML; IFL=YR+3]3Z7(<]H7HK>K1)'HG@*&,H% 6FI'N)=%*!+ON"2'U>AQ&CU. M[L?#.!C#[7 RG(X"B.Z"((X^BX=VR.I\QL$T(H>2=Q33WT,P/$R47ES'J%8QQ5D.*TEW?G+*&PQ@(44,^1JJKJZBC:%A( M7I]?2C,J 7<;MA!K)@WCKI[5\-NU$1(I;H2+O&UIPE4W4+2>&7Q9.TS@2ES- M-^1VD#\Y?#78A6%HM1/WXR/T_T[*-9VOT MZ54+_FX"5<=X]V1X\T#PR@];_R]02P,$% @ Y(9J2=GAVE@^ 0 :0, M !$ !D;V-04(5E7N0^JKVJ:9M1,4ET-S.IM< MF8#<"(BJH!BV#N;9J?/KY.Y^^9!5XX+..3P;3=E%A#1?N-FED6F[Z3" )07CE4%ES$2YAOHD3+.P^/D'@Y:!.F"[; M%MK&>AFJ=+^&Z/!RXLK6UK?'U(_H[%557U!+ P04 " #DAFI)F5R<(Q & M "<)P $P 'AL+W1H96UE+W1H96UE,2YX;6SM6EMSVC@4?N^OT'AG]FT+ MQC:!MK03621A'^_1S80RY8-[9)-NIL\!"SI^\Y% M1^?H.'GS[BYBZ(:(E/)X8-DOV]:[MR_>X%#BVR]*+41B1%G\@MNN01.+5)#3(3/PB=AIAJ4!P"I DQEJ&&^+3&K!'@ M$WVWO@C(WXV(]ZMOFCU7H5A)VH3X$$8:XIQSYG/1;/L'I4;1]E6\W*.76!4! MEQC?-*HU+,76>)7 \:V@S&L%&KQMUAVC2/'K^!?F<-0HACA*FNVB<5@$_9Y>PTG!Z(++9OVX?H;5,VPL MCO='U!=*Y \FIS_I,C0'HYI9";V$5FJ?JH,@H%\;D>/N5Z> HWEL:\ M4*Z">P'_T=HWPJOX@L Y?RY]SZ7ON?0]H=*W-R-]9\'3BUO>1FY;Q/NN,=K7 M-"XH8U=RST MS0LS0[=R2^JVE+ZU)CA*]+',<$X>RPP[9SR2';9WH!TU^_9==N0CI3!3ET.X M&D*^ VVZG=PZ.)Z8D;D*TU*0;\/YZ<5X&N(YV02Y?9A7;>?8T='[Y\%1L*/O M/)8=QXCRHB'NH8:8S\-#AWE[7YAGE<90-!1M;*PD+$:W8+C7\2P4X&1@+: ' M@Z]1 O)256 Q6\8#*Y"B?$R,1>APYY=<7^/1DN/;IF6U;J\I=QEM(E(YPFF8 M$V>KRMYEL<%5'<]56_*POFH]M!5.S_Y9KF4Q9Z;RWRT,"2Q;B%D2 MXDU=[=7GFYRN>B)V^I=WP6#R_7#)1P_E.^=?]%U#KG[VW>/Z;I,[2$R<><41 M 71% B.5' 86%S+D4.Z2D 83 >LX=SFWJXPD6L M_UC6'ODRWSEPVSK> U[F$RQ#I'[!?8J*@!&K8KZZKT_Y)9P[M'OQ@2";_-;; MI/;=X Q\U*M:I60K$3]+!WP?D@9CC%OT-%^/%&*MIK&MQMHQ#'F 6/,,H68X MWX=%FAHSU8NL.8T*;T'50.4_V]0-:/8--!R1!5XQF;8VH^1."CS<_N\-L,+$ MCN'MB[\!4$L#!!0 ( .2&:DFEZW)-00( . ) - >&PO=A;D6W9$>CBR7+F]-=/ M%]]BR)IVM_A%1Y_.^+M]\;H6[? #J>3+GW_.+%9G)&' M+R3_%?>,^L90>UV!DJ@0?*S3"CH@B>HGL$-4^P?&/1-42*#T06@-%N&(8>=Q MARA))3%@@1BA>P>O#&#/KO-CA MI<[L,\SQ+?\PDRS2&?O>U@MD!I*H0DIAR==Z CI[LZ_TYKC@V(FT?L]XEQ+M@]7U), ..F\J9([ED#F M/91$%!=*!TA2;LVH1&6D"Z4$TT9.4"DXHH:RC^@,39MA2A_,F_*M..!N"^!\ MS!G[$!@5O:D+T9GC-;!%]:9LCGM*Z[^*%[3%D$!'HZJB^X^4E)QA)]9!:]'- MGJ,/CM G$>I9P59(\J3]S47(-( E!#LL%#O;8XIO"U6_Z; MFOY\U48U^@K^Z_+\U^33L[&O(9SI.>$H[AN68KFVO?GEPJYNSE69^;"=K;3P M?*7][H%Z7?N=]/B##C^@(&T(583W&I#Y)M\;W?2@^8[=77/F[=C8[:I"J?[= M.LBBR7)V\5C/]TR4]02P,$ M% @ Y(9J26WYJI#5 P MPT \ !X;"]W;W)K8F]O:RYX;6R5EUN/ MVCH0@/^*E:<]4GL@%VB+2B5VR6F1*(LVJ.?9)&:QZMBI[>REO[[CL+239;9: MGL!)YO/8_C*./[K)O;'?M\9\9P^UTFYBI]'>^V8R&+AR+VKN_C6-T'!O9VS- M/33M[<#L=K(4W/_Q5CYTVC/55%:HU07%6YT0="#^WT%">=W$HE_>,TZOXK$48R>#:4;OK__&.ZFYSC$K.9KEBN/5#80A\6#Z8FY / M+ZJN8SN1\,+^6R3S]GE;#E;7>6L^)+GFP)!$@1)SH*P MBS5'H!2!4A(TSU<%4'K(8@,_7_,5 F4(E)T+&B'0"(%&YX+&"#1&H/$IZ)([ MZ9C9L;45#E;N^3J]0^'O3L,_&["471E="HO#WJ.P]Z=A"WT'?8&VPJ&@#RCH MPVG034A/L?Q'*YL@&;9IB'4:GL:N+102ZQ_?L+7BX"$F$NC;]]N MA*W97&Q[D5C&F+!Q+717ED(". Z[%Q/R+8US;"TL*_;<"AR)98LIVZ FP/(( M7?;G.<9RQ81=-Z$VBXJM.4P9VUBN7:A64*PQ!9L54VJU3FH!R1?BMBL*4-GP M2Q=CMV)"KJ+=.O&C#:%Y\*77.S8L)A2;E:5IN_&SM5$R3,$;MGT\-!X91F'O M8D(\9"N[@'*JA/L'5R$L7T+(]UQ<$H+%2PCQ_FHPN\"H7EDD3.P[3&:#I4P( M*;',) "[F1!N]JTF$=C2A+"4](LD85,3PM1>%6,7<^&Y5'T$=C4A7.TY<@2P MM^SI.D9A*8Q1F&+TW,M3A.,PA:G MK["8F*2TMZ^3M95FP!2%6QB%A4X)H?MO!)4,]CDE?*8)D,J5J9O>IIQBH5-" MZ.=O%Y4.-CHEC'Z)$1+BJB<0-CHEC7YI/^FP&(6U3@FM7WCIB0%F6.N,T/JO MJ QKG6&M,T+KDYV*S@@KG25/G]5_OJ3A, $)5>&U#I=4^M,\.<0):P-1VPO;O:QO"4GOH2WSAG#DS M]DS&^<#XNZ@HE=Y'VW1B[U=2]KL@$&5%6R)>6$\[]>7*>$ND6O);('I.R<60 MVB; 89@$+:D[O\C-WBLO]L2_N=(&S;L?>0_-][J6R7U1E#D MPAKYWH5=R;^0; M&[[1*8:--EBR1IA?K[P+R=HGQ?=:\C&.=6?&8?P21Q,-)N")@&<"3OY+B"9" M-!-0;"(=/3-Q?2&2%#EG@\?'R^B)OG.TB]3)E7K3')3YIB(3:O=1A'GPT&8F MQ'%$X 4"S8A V9X%,"1PQ X=_RMP)%K@4[N2#,2GHAL((/"+L6[ P#,'@EQ1!DO, MBX9>I9ZF:L['[CHN).N?CX7YQ5+\!5!+ P04 " #DAFI)*AE5"WH$ "+ M%P & 'AL+W=OU:< M&9*2 L= Y:)H#P46>VC/2LS$QDJ6*RGK[;^O/AS7GADFN=B2_ [Y=J$NNR_-,1R&7YZ;MB[[X;9]2;IC&\KM M%%17"1KCD[K<'Y;KU?3L:[M>-:]]M3^$K^VB>ZWKLOVW"%5S>EC"\NW!M_W+ MKA\?).M5[_M=X-;LUQLPW/Y6O7?FM/OX3P&-S;XU%3=]+EX>NWZIGX+62[J\N?\O3], MWZ?YE\RM4VIT4[3\:Q'.<<[FG( MW-/X<$K4]-LPLFYX^F.-Z2KY,;9SEA2S!*\EMXJ-HL@NDF3H_V("51,XQ=-U M?*['DQI/4[R]BB?#!C%+TDERF+LPQ(8A-PC3?GD2)'+(9*23'6222>LDR*3DP/@/;.BJJY&=>,E5[WDT@OK MI6M0]W+2%8-1D:Z$30R\@VR&7>CJ*S/8FXB: 3I)N-N0%F[ MUG W4H7@(H@#G9& '\_467.S-L5$*2(P5RR\-:,#%Q3BYMP,23->[!Q2!. B M;Q/HU 6)73X#!4BDII8CY@/1K1>=NR#!:_D6 !*J'D1B%#Q#A'>@DQBW? M!$!AKTUS;D:J,(WLC*#3%R1^+=\'0*(5R'OQ-BDRS',3\:,S&#)12'+IQ29;)QY*XCE. M/%2*2!#9540^LDNB3CR4Q'.<>"AAYDSD?44=9BAAYCC,4&**G*C?%)5U)O9_ M1:<92IHY3C.4F+*8<\YKJC2-Y49G&XB6Q?I-"-),\=I1DHA2(;G]R/5K1N=9B1IQA-7D$(S;N4]R:T/G6,D.>8X MQT@""M-<_,/491#9 2GRMUM6@8Y7@20+O#NTAA\R;%0=&1=SI(.1)!AY^5"0 M9-Z= [Y9;E09NDC50SH<2<+1$Y+.49(<];'UIY.//D\^JY//?H)\BD84 M*N]K;IWHU+.2>CXROU;GE97G>M%LZ(2Q"F%$-N2QG;(/?*2:W217QZ;'\B7\ M6;8O^T.W>&SZOJFG<]+GING#T*+Y,KR0NU!N+S=5>.['RW2X;N>SXOFF;XYO M1]^7\_?U?U!+ P04 " #DAFI)<9T*,*4" A"P & 'AL+W=O^X4UC9M(K_QDG_;^F"9RV MK[-_L]O5^"],\HUH?M<[==2T) QV?,_.C7H6E^]\W$-F)MR*1MK_8'N62K37 MD#!HV?OPK#O[O QOBF0,PP/B,2"^!=#T;D R!B1>0#20V7U]98JM%KVX!/UP M&2=F[IP^)OKDMF;0'I1]IWC;*B\6T9N99Y2L!TD\D<2N8H,HRILDTNO? M(&(4(K;QZ12B]" &26$EG94DE0>Z@9HLJW".!.5(($?E<0R22"$>B1S M*HS#Y*7(X/?))"CMSGH/,< M]R0N!VZ5%/'*_(,9<).CT.5 GHT:-XO 7NZ+7!;A>&84>-RMS M>7"+HXC'@6Q#S"O/*/@FSLE<'MSB*.)Q(.L0\\)XYF0N#VYQ%'I< .#!%DV+FQ [\)^L/=2>#%Z%T762KE[T0BNM)R8,^]J.N5V^=AN^5 M:1:ZW0\5W-!1XG0M2&]5\>H?4$L#!!0 ( .2&:DE2/4.$& 0 /\3 8 M >&PO=V]R:W-H965T&ULC9C;DN(V$(9?Q<4]8[5LV1+% M4#5@4LE%JK;V(KGV@#C4^D!LS[!Y^_@T#*A_S^8&;/'UX9>$NZWEM:Q^U"=K M&^]GGA7U\^S4-)>%[]>[D\W3^JF\V*+]Y5!6>=JTM]71KR^53?>]49[Y4HC( MS]-S,5LM^[%OU6I9OC79N;#?*J]^R_.T^G=ML_+Z/*/9Q\#W\_'4= /^:NG? M[/;GW!;UN2R\RAZ>9R^TV$K9(3WQU]E>Z[MKKTO^M2Q_=#=_[)]GHLO!9G;7 M="[2]NO=;FR6=9[:R/^,3C]C=H;WUQ_>?^OEMNF_IK7=E-G?YWUS:K,5,V]O M#^E;UGPOK[_;48/J'.[*K.X_O=U;W93YA\G,R].?P_>YZ+^OPR^1&?6J8;DO:;>K M:*':M=EU@_U2]+^UWH^^K6"_]]\[/B*P'1-XCYA%).$(WPF_CWY*0*(FU M9.;R,<"&$UHX.?S2R?9+)P]I!G"N@MX^N+>?D!E"^["W#^_MG137 Q+W2-$C MB@(EA"-VP[E8:L.XA',44! P< M I<6#QP>%"BI47&'@*!R0Z"%SP05R3,<\ M[81C,D#R !WY1Q)$G)R@@P4:+C MV!%H>.*"K^R&8['@_X.$8^T&X-R6#&)G'6 '?9!L$:CX=">*D "4(@C1= M@@CW$,2;".,V$<3K.7P"<0Q66<#-#7K\<"Y0TR6$(9O M$:>^J+.XC2#>1QBWCR!0^N$F!QQJE0$W-Q&2"$ 2>GI72=Q,2-Y,&+>9D+R@ M@U5, (::8.1M>O-)W!M(WAL8MS<8F8?7)="5;1"'U@9P0 BD_C5M2B1N M#21O#<@-MAXA7^Y&;V=7+_W1E3.^IL6&P'A"B^UP,O7I?K6\I$?[9UH=ST7MO99-4^;] MRVO)PLNG^=I/90]-=QNUU-9Q/#3=->?DX;KN=^:W^ U!+ P04 M " #DAFI)A9F,,E\" 6" & 'AL+W=O,,(/FI253J>ZT9.A8O:3A,=>V5I0B^B+&KRRBQ^J2K,_FQ(2=NUC>Q; MX*TXYT(%G#1Q!MZQJ$C-"UI;C)S6]@M:[6.%T(!?!6GY:&VIV@^4?JC-C^/: M=E4)I"294 I8/JYD2\I2"TI%'*]OZM^T6UG] 7.RI>5[<12Y+-:U MK2,YX4LIWFC[G?060B68T9+K_U9VX8)6-XIM5?BS>Q:U?K;=FWC1TV""UQ.\ M@3#D@0E^3_#OA. A(>@)P5JA'K,IL-X(TR\G$)V)N0NXL@"ABH\J(J-9]"] M:8*MB5BXLQK^*[)_*#(ITP>;Y6M^,.(O9XW8=)!80^JN$8$K_V9V %CL&["= M"7M:+$,#MP=PR%U.\D[L!:"]0*OXD[/@P0(A*! :_4&N/VM0AXG&I?H+LT$ M#$7([)")0\B$[:&LX>*?_8E >Q%@+YC9B[YF#X"!]DP<: _*^L!>#-J+ 7OA MS%YLGEO7,^T!,!.U,U%/\2(PW0$X% 2 /6=TZU6$G?6\X59&+[50!WL4'4;: MBZ=NS5E\@U9;!,1W<@1V$^LNGR8-/I.?F)V+FEL'*N1=K6_4$Z6"R/K=9WGZ M7JO[9'(QIO5]%7C:OLT/;GEY\O]D<3)$U7ZJ3*;O_[*JZR-KN9[WWFU-M MLNTPJ,A]"H+(+[)C.5LNAFO?Z^6B.K?YL33?:Z\Y%T56_[75YG:G9[<*/ MX_[0]A?\Y<*_C]L>"U,VQZKT:K-[G;VIE[76O610_'TTE^;AN]>;?Z^JG_V/ M/[>OLZ#W8'*S:?L06??Q8=8FS_M(7>9_KT$_<_8#'[_?HG\=RNWLOV>-65?Y M/\=M>^C !=!]!]@)H>P-9)8)X$Y+$G7"+RD#-+"K.D(DNJK6)268R.W'EZVJ %&H!ZV%ZA@6*98#(JB48MWO42 MC?-^V4I+4CBQ1C!$E:1H**82P&@:HZD$A"J*G9X(\Y80;^U>@ !(51P#Y$*E M(C=S"3.7%,")HR$@3$D"E"2[)2!)/V4]_^=CVR&X1"+1[40SPAX043LP S#]*Y!JBT!$"$XLDL139#"5)(J5C M]SUD3"(&)"+[]<^2+S'"-="%$\N:,848='YDPY%!2PS5$&KHW'MWQMQCP#VVN<>@ V.-5AD0AA-O=(T!J0$@V0:D!N!# M.Q&@&Y:(RQ(&I : 9'&2!+;&:"X!79*Z'6$^:I(O/78TCAKC3 .<:1MG6N)L M//:RBY*ZB29=.\[K /5$*P-$46B[F=2,5OR'L]3"U/OAC+GQ-M6Y;/M3RX>K M]W/L-^K/8JWK*_6R'D^C/\,L%Z=L;_[*ZOVQ;+SWJFVK8CB/W555:SJ+P9>. MJ >3;>\_SZ3''VUUNAVQW\_YE_\#4$L#!!0 ( .2&:DG8 MUB.@G@$ +$# 8 >&PO=V]R:W-H965T&UL;5/!CML@ M$/T5Q :]>3,, MQ8CVU74 GKQI9=R)=M[W1\9LMB#J!M&(\RSXQ M+:2A99%\S[8L,P/7YQOXM51O47X2#)U2_9>V[(#:CI(9&#,J_X/@=YA(.D;!"Y=)*JL%Y MU#<()5J\3;LT:1^GFR_9#-L&\!G [P!L2I1D?A5>E(7%D=BIM;V(+[@[\M"( M*CI3W>DN"'7!>RUW.2_8-1+-,>K*NTSG(T]O\AY> M%KUHX:>PK32.7-"'ETW];Q ]!"G9PX&2+OR?Q5#0^'C\',YV&JG)\-C?/LCR M2\M_4$L#!!0 ( .2&:DDG0]O^H $ +$# 8 >&PO=V]R:W-H965T M&UL;5/;;N,@$/T5Y \H#G$O&SF6FJZJ]F&EJ@_=9V*/;51@ M7,!Q]^\+V''=K%^ &>:<.3,,^8#FW;8 CGPJJ>T^:9WK=I3:L@7%[15VH/U- MC49QYTW34-L9X%4$*4E9FMY0Q85.BCSZ7DR18^^DT/!BB.V5XN;? 20.^V23 MG!VOHFE=<- BIS.N$@JT%:B)@7J?W&]VARQ$Q( W 8-=G$G0?D1\#\9SM4_2 M( $DE"XP<+^=X &D#$0^\8PQK!ES!Q! M/?N<@JVE.+#_X&P=OEU5N(WP[0^%M^L$V2I!%@FR'P1W%R6NQ?RZ2$(7/55@ MFC@ZEI38ZSBH"^\\G?)%WO($_W#1"6W)$YU\V]K]&=."EI%?7"6G] M_YD-";4+QUM_-N-(C8;#[OQ!YE]:? %02P,$% @ Y(9J28#Z/;FA 0 ML , !@ !X;"]W;W)KP!' MWI34]I3TS@U'2FW=@^+V#@?0_J9%H[CSINFH'0SP)H*4I"Q-OU#%A4ZJ,OJ> M3%7BZ*30\&2('97BYN\9)$ZG)$MNCF?1]2XX:%72%=<(!=H*U,1 >TKNL^.Y M"!$QX+> R6[.)&B_(+X$XV=S2M(@ 234+C!POUWA :0,1#[QZ\+YGC( M^<; M^V.LUJN_< L/*/^(QO5>;)J0!EH^2O>,TP]82C@$PAJEC2NI1^M0W2 )4?QM MWH6.^S3?Y,4"VP>P!-5:7 B9F[MP,,+9D?F&U$'9ZP[ MWGFAUGNO5@T\2\AY#F&;D&R-H)Y\S<#V,IS9?W"V#\]W!>81GF^S'])] M@F*7H(@$Q0>"[%.)>S&?5=)-2Q68+DZ.)36..L[IQKL.YSV+3_(>7I4#[^ 7 M-YW0EES0^8>-[6\1'7@IZ=TA(;W_/JLAH77A^-6?S3Q1L^%PN/V/]9-6_P!0 M2P,$% @ Y(9J2=Y=+/ZA 0 L0, !D !X;"]W;W)K&UL;5/!;N0@#/T5E \H&9+I5J-,I$Y75?>P4M7#[IE)G 05T-\#J"E*0L36^IXD(G91%]SZ8L<'!2:'@VQ Y*'4QXB8L ? :-=G4G0?D9\#<:O^IBD00)( MJ%Q@X'Z[P -(&8A\XG\SYT?* %R?K^R/L5JO_LPM/*#\*VK7>;%I0FIH^"#= M"XY/,)>P#X052AM74@W6H;I"$J+XV[0+'?=QNLG2&;8-8#. +8"["*!3HBCS M)W>\+ R.Q$RM[7EXP=V!^494P1GKCG=>J/7>2[G;9P6]!*(YYC3%L'7,$D$] M^Y*";:4XL6]PM@W/-A5F$9Y]4IAO$^2;!'DDR#\1[+^4N!5S^R4)7?54@6GC MZ%A2X:#CH*Z\RW3>L_@F'^%ET?,6?G/3"FW)&9U_V=C_!M&!EY+>[!/2^?^S M&!(:%XX__-E,(S49#OOK!UE^:?D.4$L#!!0 ( .2&:DG<@) YHP$ +$# M 9 >&PO=V]R:W-H965TRX;M<78(9Y;]X,0SZ@>;,M@",? M2FI[H*USW9XQ6[:@N+W"#K2_J=$H[KQI&F8[ [R*("59FB373'&A:9%'W[,I M#;&]4MS\.X+$X4 W].)X$4WK@H,5.9MQE5"@K4!-#-0'>K?9'[,0 M$0->!0QV<29!^PGQ+1A/U8$F00)(*%U@X'X[PSU(&8A\XO>)\RME "[/%_:' M6*U7?^(6[E'^%95KO=B$D@IJWDOW@L,C3"7L F&)TL:5E+UUJ"X02A3_&'>A MXSZ,-[ML@JT#T@F0SH#;) H?$T69O[GC16YP(&9L;;W4W.SH%HBCF.,>DR9HY@GGU.D:ZE.*;_P=-U^'95X3;"M]\4WJX3 M9*L$623(OA'\^E'B2LQU\B,)6_14@6GBZ%A28J_CH"Z\\W3>I?%-OL*+O.,- M_.&F$=J2$SK_LK'_-:(#+R6YVE'2^O\S&Q)J%XXW_FS&D1H-A]WE@\R_M/@$ M4$L#!!0 ( .2&:DGT&>1EH@$ +$# 9 >&PO=V]R:W-H965T0/"#;KI.W*:RF;JDH.E:((F+ 'P&C79U)T'Y"? [&0WU(TB ! M)%0N,'"_G>$.I Q$/O&_F?,]90"NSQ?V7[%:K_[$+=RA_"MJUWFQ:4)J:/@@ MW1..]S"7^$55PQKKCG1=JO?=<9C=90<^!:(XY3C%L';-$ M4,^^I&!;*8[L"YQMPW>;"G<1OON@\#\$^29!'@GR#P2[3R5NQ>2?DM!53Q68 M-HZ.)14..@[JRKM,YRV+;_(>7A8];^$W-ZW0EIS0^9>-_6\0'7@IZ=5U0CK_ M?Q9#0N/"\9L_FVFD)L-A?_D@RR\MWP!02P,$% @ Y(9J2;V%JAVB 0 ML0, !D !X;"]W;W)K&UL;5/!;N,@$/T5Y \H M#DG<*G(L-:U6NX>5JA[:,[''-BHP+N"X^_<+V''=UA=@AGEOW@Q#/J!YLRV M(Q]*:GM,6N>Z Z6V;$%Q>X,=:']3HU'<>=,TU'8&>!5!2E*6IAE57.BDR*/O MR10Y]DX*#4^&V%XI;OZ=0.)P3#;)U?$LFM8%!RUR.N,JH4!;@9H8J(_)_>9P MVH6(&/ B8+"+,PG:SXAOP?A3'9,T2 )I0L,W&\7> I Y%/_#YQ?J8,P.7Y MROXK5NO5G[F%!Y2OHG*M%YLFI(*:]](]X_ ;IA+V@;!$:>-*RMXZ5%=(0A3_ M&'>AXSZ,-UDVP=8!; *P&7"71N%CHBCSD3M>Y 8'8L;6=CR\X.; ?"/*X(QU MQSLOU'KOI=AD^YQ> M$4?4[!UE*\ M@;_<-$);Q!?,#SPTHHK.5'>Z"T)=\%[*_.YKP2Z1:(XY33%\';-$ ML,"^I.!;*4[\/SC?AN\V%>X2?+?.?I]M$^PW"?:)8/\/0?ZIQ*V8SRK9JJ<: M;)M&QY$*!Y,&=>5=IO,A/2+[""^+7K3P4]A6&D?.Z,/+IOXWB!Z"E.SFEI(N M_)_%4-#X>+P/9SN-U&1X[*\?9/FEY5]02P,$% @ Y(9J2?PQTG^B 0 ML0, !D !X;"]W;W)K&UL;5/!;MP@$/T5Q <$ M+^M-JI774C95U1XJ13FT9]8>VRC N(#7Z=\7L-=Q4E^ &>:]>3,,Q8CVU74 MGKQI9=R)=M[W1\9LMB#J!M&(\R^Z9%M+0LDB^ M9UL6.'@E#3Q;X@:MA?U[!H7CB>[HS?$BV\Y'!RL+MN!JJ<$XB898:$[T<7<\ MYS$B!?R2,+K5F43M%\37:/RH3S2+$D!!Y2.#"-L5GD"I2!02_YDYWU-&X/I\ M8_^6J@WJ+\+!$ZK?LO9=$)M14D,C!N5? \ZAN$$BW> MIEV:M(_3S2&?8=L /@/X OB2)>%3HB3SJ_"B+"R.Q$ZM[45\P=V1AT94T9GJ M3G=!J O>:[E[V!?L&HGFF/,4P]"/(/!(=/)6[%W']*PE8]U6#;-#J.5#B8-*@K[S*=CSR]R7MX6?2B MA9_"MM(XN1]9,G$ZF/70FDT-[QM)*8@*L M"LA*_[Z 9$5)= %VV??V[;+D YI7VP(X\J:DMB?:.M<=&;-E"XK;.^Q ^YL: MC>+.FZ9AMC/ JPA2DF5)?0]FR+'WDFAX=D0VRO%S;\S2!Q.-*4W MQXMH6A<AH@8\%O 8!=G$K1?$%^#\;,ZT21( M FE"PS<;U=X!"D#D4_\=^)\3QF R_.-_2E6Z]5?N(5'E']$Y5HO-J&D@IKW MTKW@\ .F$G:!L$1IXTK*WCI4-P@EBK^-N]!Q'\:;73K!U@'9!,AFP"&)PL=$ M4>9W[GB1&QR(&5O;\?""Z3'SC2B#,]8=[[Q0Z[W7(MWO8S)EC%S M!//L7N0=;^ 7-XW0EES0^9>-_:\1'7@IR=V. MDM;_G]F04+MPW/NS&4=J-!QVMP\R_]+B/U!+ P04 " #DAFI)W@+!YJ$! M "Q P &0 'AL+W=OM@],XF3H ).@4RZ?[] ,FG:S5X &[_G9V.*$3%G@X*30\&*('93BYL\1)(X'FM*+XU6TG0L.5A9LP=5"@;8"-3'0'.A= MNC_F(2(&_!(PVM69!.TGQ+=@/-<'F@0)(*%R@8'[[0SW(&4@\HG?9\[/E &X M/E_8'V.U7OV)6[A'^5O4KO-B$TIJ:/@@W2N.3S"7T"QWW<;K)LQFV#AQ=,]YEO1!6< ML>YXYX5:[SV7Z6U:L',@FF..4TRVCEDBF&=?4F1;*8[9/_!L&[[;5+B+\-T7 MA?\AR#<)\DB0?R'8?2MQ*R;_EH2M>JK M'%T+*EPT'%05]YE.N_B([+/\++H M>0L_N6F%MN2$SK]L['^#Z,!+2:ZN*>G\_UD,"8T+QQ_^;*:1F@R'_>6#++^T M_ M02P,$% @ Y(9J2=2N-S>B 0 L0, !D !X;"]W;W)K&UL;5/!;N,@$/T5Y \H-DG:*'(L-5U5W<-*50_MF=AC&Q48 M+^"X^_<+V''=UA=@AGEOW@Q#/J!YMRV (Q]*:GM,6N>Z Z6V;$%Q>X,=:']3 MHU'<>=,TU'8&>!5!2E*6IK=4<:&3(H^^9U/DV#LI-#P;8GNEN/EW HG#,Y 8'8L;6=CR\8'9@OA%E<,:ZXYT7:KWW4F3[74XO@6B*.8TQ;!DS M1U#//J=@:RE.[ >\@3_<-$);;-<._(!5VS^S36C?OK8AE&7>#;9_?R>?*$;4;Z8# ML.1="F4.26=MOZ?45!U(9FZP!^5F&M2263?4+36]!E8'DA0T3]-;*AE725F$ MVHLN"QRLX I>-#&#E$Q_'$'@>$BRY%)XY6UG?8&6!5UX-9>@#$=%-#2'Y#'; M'W<>$0"_.(QFU2<^^PGQS0]^U(SN9UJBZS^X>"GKW0C#E.F'R-61#4J2\6>' M-"ZPC0IL@\#V+X'L:HDQS']2[J(FNXC YLHDAME>F=#5P4G0;;B?AE0XJ/ : M5M7E"3SFX>"_X&71LQ9^,MUR9<@)K;L^X9 ;1 LN2GKCLG3ND2X# 8WUW3O7 MU].]G086^\LK7'X%Y2=02P,$% @ Y(9J27 @*UJB 0 L0, !D !X M;"]W;W)K&UL;5/!;MP@$/T5Q <$+[M.VI774C95 MU1XJ13FT9]8>VRC N(#7Z=\7L-=Q4U^ &>:]>3,,Q8CVU74 GKQI9=R)=M[W M1\9LMB#J!M&(\R^Z9%M+0LDB^9UL6.'@E#3Q; MX@:MA?US!H7CB>[HS?$BV\Y'!RL+MN!JJ<$XB898:$[T<7<\'V)$"O@I872K M,XG:+XBOT?A>GV@6)8""RD<&$;8K/(%2D2@D_CUSOJ>,P/7YQOXU51O47X2# M)U2_9.V[(#:CI(9&#,J_X/@-YA+R2%BA \ZAN$$BW>IEV:M(_339[- ML&T GP%\ 7Q* #8E2C*_""_*PN)([-3:7L07W!UY:$05G:GN=!>$NN"]EKO/ M><&ND6B..4\Q?!VS1+# OJ3@6RG._#\XWX;O-Q7N$WR_SIYGVP2'38)#(CC\ M4^+]AQ*W8AX^)&&KGFJP;1H=1RH<3!K4E7>9SD>>WN0]O"QZT<(/85MI'+F@ M#R^;^M\@>@A2LKNJ0! "Q P &0 'AL+W=O6_>#$,^H'FU+8 C[TIJ>Z"M<]V>,5NVH+B]P@ZTOZG1*.Z\:1IF.P.\ MBB E69HDUTQQH6F11]^S*7+LG10:G@VQO5+,^C#?;ZPFV#D@G0#H#;I(H?$P49?[FCA>YP8&8 ML;4=#R^XV:>^$65PQKKCG1=JO?=<;&YOQT'=>&=I_,NC6_R%5[D'6_@#S>-T):BB 0 L0, !D M !X;"]W;W)K&UL;5/!;N,@$/T5Y \H#G%VNY%C MJ>FJVCU4JGKHGHD]ME&!<0''[=\7L..X75^ &>:]>3,,^8#FU;8 CKPKJ>TA M:9WK]I3:L@7%[0UVH/U-C49QYTW34-L9X%4$*4E9FOZ@B@N=%'GT/9DBQ]Y) MH>')$-LKQ)\YHR )?G"_M#K-:K M/W$+]RC_B M>RY8NLGI.1!-,<-_:\1'7@IZZ=D"X^&V%YK83Y.H' XT@V].IYDW;C@ M8'G&9EPI-;168DL,5$=ZMSFU J$/G$;Q/G5\H 7)ZO[ ^Q6J_^+"S$PR^8 M2M@%P@*5C2LI>NM07R&4:/$^[K*-^S#>[&XGV#J 3P ^ VZ3*'Q,%&7^%$[D MF<&!F+&UG0@ON#EPWX@B.&/=\(#KR4Y&9'2>/_SVPH MJ%PX_O!G,X[4:#CLKA]D_J7Y)U!+ P04 " #DAFI)/L9MX*,! "Q P M&0 'AL+W=OTFZ M\EK*IJK:ATI1'MIGUA[;*,"X@-?IWQ>PUW%2OP SS#ES9ACR >VK:P$\>=/* MN!-MO>^.C+FR!2W<'79@PDV-5@L?3-LPUUD050)IQ7B6'9@6TM B3[YG6^38 M>R4-/%OB>JV%_7L&A<.);NC-\2*;UD<'*W(VXRJIP3B)AEBH3_1Q':?LVLDFF+.8PQ?Q&SF"!;8YQ1\+<69_P?GZ_#MJL)M@F^7V0^'=8+= M*L$N$>P^E/CPJ<2UF"^?DK!%3S78)HV.(R7V)@WJPCM/YR-/;_(>7N2=:."G ML(TTCES0AY=-_:\1/00IV=V>DC;\G]E04/MXO ]G.X[4:'CL;A]D_J7%/U!+ M P04 " #DAFI)\A:37J(! "Q P &0 'AL+W=OI.=T&H"]Y+R?.L8)=(-,>^S;8+])L$^$>S_*3'_5.)6S&>5;-53#;9- MH^-(A8-)@[KR+M/YP-.;?(2712]:^"EL*XTC9_3A95/_&T0/04IVA[.=1FHR//;7#[+\TO(O4$L#!!0 ( .2&:DELQB;-HP$ +$# M 9 >&PO=V]R:W-H965TG%]HSGO7DS'I<3FE?; SCR MIJ2VIZ1W;CA2:NL>%+=W.(#V-RT:Q9TW34?M8( W$:0D96GZB2HN=%*5T?=L MJA)')X6&9T/LJ!0WO\\@<3HE67)SO(BN=\%!JY*NN$8HT%:@)@;:4_*8'<]% MB(@!/P1,=G,F0?L%\348WYI3D@8)(*%V@8'[[0I/(&4@\HE_+9SO*0-P>[ZQ M?XG5>O47;N$)Y4_1N-Z+31/20,M'Z5YP^@I+"8= 6*.T<27U:!VJ&R0ABK_- MN]!QG^:;^WR![0/8 F KX"&-PN=$4>9G[GA5&IR(F5L[\/""V9'Y1M3!&>N. M=UZH]=YKQ;*\I-= M,2X?DV^\-_ M"(I=@B(2%'^56'PH<2_F\"$)W?14@>GBZ%A2XZCCH&Z\ZW0^LO@F[^%5.? . MOG/3"6W)!9U_V=C_%M&!EY+>'1+2^_^S&A):%X[W_FSFD9H-A\/M@ZR_M/H# M4$L#!!0 ( .2&:DFQC:.,Q0( # + 9 >&PO=V]R:W-H965TPIER]U>Z@.OR+W>;E/6M!$E:QQ.MU-WAB8KE&B(0?PJZ4EQ_:48>9MQA\A4FR(61I0U"/ M\)2 7@6&5,RQ98Z'! L;D?HC#7>=K+YT,I 9@,D*C'TP2%8".PA!!Z%Q$ X< MI*-LMYC$8)HVE:&O?J.$ + DL&!+&_:49I&%6P$XY&<#WD%\$1A?!,0W^E3F M+2:^8@IBWPYP>1\W$!2#@F);$!X1S6.+Z"G$D*('@ -)"2@I 22A$5-B,2'T M!5$*$J4 T:@BEJE%E&3H)D\&\F0 3S#BR>S+1,%-'MW:H5[E TSA#1 5H=O M)1IN)BCZC[N"RQ]!]6_=E5W7& /E?Q\WE 27/X+JW[JKQ&K'L*2[N%:2=S4. MU)3OS" FG#4[-E)G^.JT'_9F6(\3H_,YFBP0<+[4PZ$9/R[NB_Q =O0GX;NR M$&UL?93?DIL@&,5?Q?$!%@6C:<8XT]CIM!>=V=F+]IHH1F=!+)"X M??L"&M=%LC?R[YS#[T,E'[EXE2TA*GACM)?'L%5J. @JY8P+)_X0'J]TG#! ML-)#<0%R$ 37UL0H@%&4 H:[/BQR._UZ\BP">64,BW\G0OEX#./P M/O'275IE)D"1@\57=XSTLN-]($AS#+_&AS(U"BOXW9%1KOJ!83]S_FH&/^MC M&!D$0DFE3 +6S8V4A%(3I#?^.V>^;VF,Z_X]_;NM5M.?L20EIW^Z6K4:-@J# MFC3X2M4+'W^0N82=":PXE?895%>I.+M;PH#AMZGM>MN.TTH:SS:_ Q8#-*X\/2)]<92;M0=DU79G4L[<"PGT. M;B9HUIPF#5QK/BI*C^(]!&B A0)Z*:#UHP\47_P!R!N ;$"R#D"14\:DR:RF MMYHXBYU:2X\(90]J2;PHB0T=3;G5)-&#,]EY078>$.?%G79; M$)@X(%O-_@%'ZN5(/1S(X4@WQPX3Z(C*K2C>9ZF# E9?_H OY!<6EZZ7P9DK M_1/93[WA7!$=&#WITEI]MRT#2AIENIGNB^EWGP:*#_?+:[E!B_]02P,$% M @ Y(9J27LMZUTJ @ U@8 !D !X;"]W;W)K&ULC57+CILP%/T5Q >,>8:9B"!-'E6[J#2:1;MVR$U 8V-J.V'Z][4-(1!; MT[# ]O4YYSX,UWG'^(>H *3W24DC5GXE9;M$2)054"R>6 N-VCDR3K%42WY" MHN6 #X9$"8J"8($HKAN_R(WMC11W?9"5"C;PO0,<\9G( M=]9]AR&%5 N6C CS]LJSD(Q>*;Y'\6<_UHT9NWXG"0::FQ -A&@DC'[8S& :@TD"]=S5PT:E MF87:VJ@P>+9@.PP66JI,[74D5KF%E@X!1:/%S=S"F0/%#=S%/?%KJX- M6P3V(6QM6!@Y<#L'+IOC^O30Y*^EP$^F7PJO9.=&ZM),K&-+?HWT7W]G7X?+ M3>BP;U4+[SON3;[(6WR"GYB?ZD9X>R95KS$=X&UL?93-CILP%(5?!?$ 8\! TH@@ M-515NZ@TFD6[=N 2T-B8VDZ8OGW]0QB&6+.)_\XY_JYQ7$Q$9-T!(_*)CS#HE98+1I0>B@N2HP#26!.C*(FB'#'2#V%9V+EG41;\ MJF@_P+,(Y)4Q(OZ=@/+I&,;A?>*EOW3*3*"R0(NOZ1D,LN=#(* ]AE_C0Y49 MA17\[F&2JWY@V,^B2%D(/@7"?8N1F$\>'[ ^ MN=I,VH.R:[HRJ6=O98+W!;J9H%ES-TOV5Y%*7Y?HN"5K=N)!?X1<2E'V1P MYDI?8'O-6LX5Z,#H22=V^EU9!A1:9;H[W1?NK^8&BH_WAV-YO&PO=V]R:W-H965T@AGF7#R&L;.&\7=QIE0ZGU59BX5[EO(R]SRQ/].*B!=VH;5Z\8>]:$GW4E,0=?F@:UJ6FDDI_^E([YH:.!S?V+^9Z2K[.R+HFI6_BX,\*[>^ MZQSHD5Q+^<::[[2;@W&X9Z4P_\[^*B2K;A#7JRUJ"0$Y22P2 **) !!.A))[-E$Z>1D4E G M!73&;WF;$P]T CR;U)F!.C-;)QJ_R3-+)X[1I(YNA-"7[0-*UJ?M6Z7#<3*4 MZKYOW[(TRGNT--%L$& )CRTAN\H!X,A.2Z?7'(%]9XFP;2B(QX:P5:/0MPRM M@;0(JB2V?",_M?*V !V*@ND)PAT+!4#%@PD*N&>A\.M=#\$="4$MR=I"OMJ3 MO,'>5E%^,J<*X>S9M9;:YR#:GUR66.^-H_@*S=<(B&_T2&ULE579CML@%/T5RQ\P@/=$CJ5.JJI]J#2:A_:9)"2V!AL7 M2#S]^[(XKA<\35_,XG,.YUZXD'>,OXF2$.F]U[01.[^4LMT"((XEJ;%X8BUI MU)\SXS66:L@O0+2^%%SJZ25@UYX9ZXUC7FOY\) M9=W.1_Y]XK6ZE%)/@"(' ^]4U:01%6L\3LX[_Q/:[E&D(0;QHR*=&/4];?[ MV)L>?#OM?*@]$$J.4DM@U=S(GE"JE=3*OWK1OVMJXKA_5_]BPE7V#UB0/:,_ MJY,LE5OH>R=RQEZH)TVBS#\5 MF5"SMR*(HQS;:88(R9(O8.1#9 @#(PN B<+@+##RJ 6>M!T4U$\+^LE*DM7-@ZY*QL% M2S<)7)%PUS8*_R,G[II$RZ)TY"1:UOXB(Q]BK!4PNGM;?"'?,;]4C? .3*IK MW%RV9\8D47KP2157J9[784#)6>INJOKDL$XO@$ U'0 &0 'AL+W=OMQ_?0I!T M9,PF@'/^BR5]1S+,SGGQN]QK74W^9.FQ?)SNJ^KT$ 3E9J^SI/R6G_2Q_L\N M+[*DJC\6;T%Y*G2R;8.R-&"$J"!+#L?I?-9>^U',9_E[E1Z.^D])I?GZ\N.DT+O'Z5_T8:U$(VD5_QST MN;QZ/VF:?\WSW\V']?9Q2IH>=*HW59,BJ5\^]$*G:9.IKOQOG_2K9A-X_?XS M^ZJ]W;K]UZ34BSS]==A6^[I;,IUL]2YY3ZN?^?E%]_<@FX2;/"W;OY/->UGE MV6?(=)(E?[K7P[%]/7?_45$?A@-8'\ N 50,!O ^@(\-$'V ^ I0@P&R#Y!? M 7(P0/4!:FQ+81\07@(B,A@0]0'1V IQ'Q!; 4$W?^WL+Y,JF<^*_#PINB5[ M2AHRZ$-E@O8\O@V+(V 3<2A#@!APEXFT 8 M":S1>$::&!<1L(AP$X3$*H(T%!>1L(@$":PY676:L-4<6XU0M2G;O=R4&>TH MV(YRVV$")PAA@G#\U$8P000ZL!;@JM.HJSOE4>@.2.0,B"4SVHEA.S&8'PO? M9Z3Q#%JSOR"S(2"%M!V N/?#W-M> 1UCRAV>VSJS=8]/4M"ZLEM"HM#N9UAD M-H.-A3*0(O*DP-9"^?@53+%Q4. *]AI>]")C]'GL'WUL'Q3Y1VR7D@XOU%\( M&P,%SA 1NY!R"C%O'>P?- 1UJ%TG=.J(R']'V&@HA<46 T9F"5L(A0X M!/.L*88=@I'QRY)A4AG@R['67F2: G'-X[;.;,ES$$"\VO:*1!'SU,%0,W 8 M MP=0=:Q3CSP#^CG4R%W]*A7]@,?\,\6];)W/Y]ULGP_0S0+]CG;UHE'5R;!$< M'"(=+$($)%(# MV'HH6@GW2,T).(_=UIDM8:(%V'YM3)Z0*/8\9 F,O0!$Q[XO9S#1(AZ_IB2& M52)8K0EXD2ZL0VM*8EBERR&WY_!%NCNF&"J%>94NKYSXOI/"O,H[>)685SF" MU[5T>15D8-5*SW=H+HN<>!X0)&91WG%TE9@=B;!P[CAT]^[!.\;\R!';YAJ( M./%XO\202;0CVA8EW:,KEU%%S] M='-*WO3?2?%V.):3U[RJ\JS]K6:7YY6NAO7[HOM5 MK_M0Y:?/'RDOOY3._P=02P,$% @ Y(9J2<:Q_8&_ @ /0P !D !X M;"]W;W)K&ULE5?1DIHP%/T5A@]8R T$W%%GNG8Z M[4-G=O:A?8X:E5D@ED3=_GT30(OD9@=?A(1S#^<>MC\]1I#8'47'U)(^B-E=VLJFX-L-F'ZEC(_BV+:K*".*8114OZG Y;^=> MF^5"OV!VTGHN4\NM5MBTK4JI!UT(C= M(OQ"GE? +*1%_"K$10W. RM^+>6['?S8+L+8:A"EV&A+P4DNXD:5J M?X/-26E974O"H.(?W;&HV^.EN\+RO@PO@+X ;@4D^;2 ]@5T5!!URMJ^OG+- ME_-&7H*F>QA';I\Y>:;&N8V=;(UJKYG.E)D]+VG,YM'9$O68EPX# PS<(U8( M(K]!(B/@I@)0%=#6TSL5&4Y 40+:$B1W!/FHC0Z3M9BZPT">C#IQ001F%)>2 MH%(21,IL)*7#L,%=(&792(H+(C$EN)04E9*Z4D@\DI(Z=\G(6(F+ 0:X$(8* M88@03R<92I!-7R Y2I!/6""Y:WB2C;UPB5B*"YFA0F:(%1XO[?L'BVP\W0SB M23V98$"CP]!/Z@"-X:@D66\<1-Y(T'R\0 M!,2 ><3@N25N< %\_>")(^P!2_#,D6R*)9G[;@!GD;@@2GV/&,\O00),/.]E M@B>/S*9; GCT()Y@20\:=ILZN4&8?+D!/,. 9)AX3 7/9_>![R[@T8,I7]X> M=/?\74=<)J\C>(8!R3#Q4>#)@_0!1_#D ?*QT.8NV&AXR4?#39Z M1[X7/WFS+VH5K*4V>\9V9[>34@M#&#^9Y@YF+W\;E&*G[6EFSIMN=]L-M#Q> M-^NW?PS+?U!+ P04 " #DAFI)V.-Z6O\! #!!0 &0 'AL+W=OA\B6 PJ;1VH&:[P!(Q9(P/^>_-\1]K$^?SN_MV=UE1_I J> M!/O3UKHQQ:(PJ.%$+TR_B.$'W(ZPM8:58,H]@^JBM.#WE##@]&TVB^(=\2\B,H&W;G=GBE4F>BU MC'%21%=K=-,<1@V9:?"DB(S[A" ^Q(<F.<^@UB;XVQ,XCG_"3Q&VR\!AMG ML/E00;8XY*A)G:9SF@QM$$)^SM;+V7HX^8(S:I(9)]XB]"DH\8*2-8B@!2A9 M@3#Z I1Z0:D'A!>@= W"7X R+RA;@0@A"U"V J4Y_I23>SFYAQ,O./GJ5XAQ MO.9$LSO&09Y=*U%!)2Z=:URSZ-2M'HF[H^_RLNCI&7Y1>6X[%1R%-C?=W<>3 M$!I,->C!_#&-Z:?3@L%)VVEJYG)L,>-"B_[>,*>N7?X'4$L#!!0 ( .2& M:DDDN59Q6 ( -X' 9 >&PO=V]R:W-H965T]Q/;P MWLR\\<23#Y2]\1ICX;VWI.,;OQ:B7P]S)+R?*6B3DD9T#WC., MCIK4DB .PS1H4=/Y1:YM+ZS(Z460IL,OS..7MD7L]Q83.FS\R+\97IMS+90A M*/)@XAV;%G>\H9W'\&GC/T?K?:80&O"CP0.?[3V5^X'2-W7X=MSXH4H!$UP) MY0')Y8I+3(AR) /_&GW>0RKB?'_S_D6KE=D?$,K"!6UO%-]KT;M9FTZO@_FR"D>:FQ"/A'@B3''3>5,NJKT-]D M[;BT7@L0QWEP58Y&S-9@XADF^_P(V2TAT80(9 )3%K$KBVV\H%LYE$O$*K1R M^*>3_8=.'M($SF(!S06(B?([C('* DMW7LG*'.+2IVB M4H>HU!*5+J(DP)*TA$30[ED7QE*]7V)@_)>VS9QZ,H>>S-*3+3K!2J-<(J+( MNNJ= V,IWB\A ":6FF#V>K68G?7/LG6JN6PG0X$GX3:9G+/ MS/PQ!T'[VS2=1GKQ!U!+ P04 " #DAFI)81Q^PID" "F"@ &0 'AL M+W=O]F&.N5Y8I^QDHH'7K-*/3GRIJ12W38G3]0-HP=#*@L/^W[DE32OW#0Q8\]-FO"S M+/**/3>..)U^0ZLG M;" &\3MGK1A<.[KX'>>O^N;G8>WZN@96L+W4$E2=+FS+BD(K*>>_O>C=4Q.' MUU?U[Z9=5?Z."K;EQ9_\(#-5K>\Z!W:DYT*^\/8'ZWL(M>">%\( M*:Y3TK?NG%?FW'9/XJ"GP03<$_"-@*)W"4%/"#Y+(#V!W GD74+8$T*+X'6] MFS?W2"5-DX:W3M--=TWU5X56H9J;O1XT4V&>J7 M899CS!; !/X8\SC%X#'B"4#:64)NBP!%RL#VPX3#USBQ>RPPHDE'2S+?$9PW- U<-#/!" X<^D+B$!PY!&2.8+O=:>A0%*+) M O01;%P0'$X$I)/8BT /&CJI%1//3C4<8Q0!5C,+ 8*#C.(OS <4P3E-+3_ M(@"(A#,^<% 1E-38]IE&=>:3Q'!,,113^Y_8@T;Q6<[&!\-!Q4!0[05A X&( MW9$W^-_7],1^T>:45\+9<:FV#N8'?^1<,B7H/Z@O+U.;QMM-P8Y27\;JNNFV M4=V-Y/5U5WC;FJ;_ 5!+ P04 " #DAFI)[Z9.9X(" #6" &0 'AL M+W=O-G1;5G5WD*O9"BYQ< M>%-W^(5:[-*VB/Y=XX9<5[9GWP*O]?'$9< IL6=ZPFG47Q864_>\MM M)A$*\*O&5S996[+V'2%O]YR=1K&M;>WQ EX:_DNMW/%B(I&!%&J:^K>K".&EO M%-MJT4=_K3MUO?9W4G>@P01_(/@C8*HR"FY6K0_[3.2#Y6WC,395#*HCD+=$[UC(OI>!&&2.^]2:,"L>XP_ MP239'%*:$&]$.** L0H?JF+M&W1_GF!C(E)7J^%3D>U#D5F9 =BL0/-2 M6" $!4(E$,X$M%:N>TRB,%W?RM 5'ZTA "P)#%AIPI[2+#)P6P#GN=DL[\Q? M!/J+3'^1EFG=8^)IILCT5P(P+\S^6T\,UA,#]7A:/;'A/ /:;:+ =ILPT<8P M-/L- A_T.P'])>8#&?FP0 H*I$"# JU!J7$27N)I7=P H#C1E,JO*&T_49J9 MRD!3&6 JU$SUF&R2Q5VXD68* FGEEB;FR5W$NBD8%6FNG,F_=HOI4Z8]:.<#%KU$0X M$,*Q*-Y=B-_B2;QDC)L&'[A<)F)-^[G;;S@YW]XBQE>9XA]02P,$% @ MY(9J28/[O%ZU 0 &@0 !D !X;"]W;W)K&UL M;53;;J0@&'X5X@,4Q;%V)XY)IYNFO=BDZ47WFM'?0\K! H[=MR^@8^TL-P(_ MWXF3Q235N^X #/KD3.A#U!DS[#'650>8 MQ/$MYK0745GXVHLJ"SD:U@MX44B/G%/U[PA,3HDCE_TDY;L;/->'*'81@$%EG *US1D>@#$G M9(T_%LUO2T?<]B_JCWZU-OV):GB0[&]?F\Z&C2-40T-'9E[E] 3+$GS"2C+M MOZ@:M9'\0HD0IY]SVPO?3O-,=K?0P@2R$,A*('/PVIKD M88$TF#'U NF/C+=A@5U08.<%=C\$\JM%SIC<8X3'Y"2+X[!-%K3) C9W5S8A MS*\K$[PY/ ZJ]7=4HTJ.PK^(375]!O?$'_XWO"P&VL(?JMI>:'22QEXA?]"- ME 9LE/C&9NGL0UT'#!KCNKGMJ_GNS@,CA\M+7'\'Y1=02P,$% @ Y(9J M2>+[2\W# 0 E@0 !D !X;"]W;W)K&ULC53; M;ILP&'X5BP>HB2&@102IZ51M%Y.J7FS7#OP<5!^H;4+W]K,-H33UIMW$]L]W M^AW;Q235B^X #'KC3.ACU!DS'##650>,,<]J+J"Q\[4F5A1P-ZP4\*:1'SJGZ?0(FIV.TBZZ%Y[[MC"O@LL KK^XY M"-U+@10TQ^A^=SCE#N$!/WN8]&:.7/:SE"]N\;T^1K&+ PJXQ2H'2[P (PY M(6O\NFB^6SKB=GY5?_3=VO1GJN%!LE]];3H;-HY0#0T=F7F6TS=86M@[P4HR M[7]1-6HC^942(4[?YK$7?ISF+VF^T,($LA#(2IA]\&SD8WZEAI:%DA-2\]8. MU/V#NP.Q&U&YHN_;?[-!M:U>RB2+"WQQ0@OF-&/(!K-;$=BJKQ8D9'$BG^@D M3$^""1-/3SXD_(M_&A1(O4#Z08# M%,@#"=*;)C]CR)?LQ@1O#@X'U?K[H5$E1^%OXZ:Z7L%[X@_>.[PL!MK"#ZK: M7FATEL8>7W_(&BD-V"CQG=VQSCX2ZX)!8]PTMW,UWYMY8>1P?076IZC\ U!+ M P04 " #DAFI)M#H"[^D# !M$P &0 'AL+W=OR:V;%,!Y $< M9_[]\!7'IE\2[R6 _'2KO^@F6IQM^5(=C*F=MSPKJL?9H:Z/<]>M-@>3)]4W M>S1%\\O.EGE2-X_EWJV.I4FVG5">N=SSE)LG:3%;+KJU'^5R84]UEA;F1^E4 MISQ/RM\KD]GSXXS-WA=^IOM#W2ZXRX5[D=NFN2FJU!9.:7:/LR:8U_MO:E??A[^SCS6AM,9C9UJR)I+J]F;;*LU=3L_&M0^K%G*WA] M_Z[]>^=N8_YS4IFUS?Y+M_6AL=:;.5NS2TY9_=.>_S*##[)5N+%9U?UU-J>J MMOF[R,S)D[?^FA;=]=S_HO4@A@7X(, O I=]L( 8!,2'@/^I@#\(^/?N( RJ9O5U*91I*@XT$HPX"+J!QB #&/5 "B&/3%1! ]P+JGABY%Y!]?) ] M2L$"I]A#2-^7F&)"\DG70NA:2%WS1ZZ%U#5D])?8C37MJ$.]VZ/VD-[M4;\% MM0=@03!MS\0L8=2><7L;F)MT@=PCC 7 ;L!Q^J+$B)-BVD$XIIX8IP[JL8.< MEBVJ;L1IE!G*/80*N0A Y@6?5!4>&"^R&($,#1YD+9/B@_/5D:' M:QB.S?9!;CR0&\#!W%#N(4#-!X',"Z=;*\/3E4DP'<,)%7B^,G7_A&9X@#$Z MP>B,9F"8:$5?X34$)>B9".2^3\D8DD)-#VJ&1QFCLTSH*15X9+#P[F]&CKL\ MIUV>?C5RVK\E$^"S$8":@V^="(#-)PB8'3$B9>"%D]'F>'QP=G]EP( &HY?3;SW&GY/^C4W+<*?D]G7* ;O[S4BA.@./T M%8\ IT!]QX@3BD;)O3I+R$VY[TYQ*F=C3T7=AN=J]7)2],3;LXC1^HK-UPRL M1VP>]^= '^J7BV.R-_\DY3XM*N?9UK7-NW.*G;6U:WG(S*YN M;W5S7_:G0?U#;8_OAUN7$[;E'U!+ P04 " #DAFI)7*/ 2Q0" #*!@ M&0 'AL+W=O)=%I0J[[-B MM=SXA5+-&@"9%[0B:DJ(OYL*>/MQ@_\V\);>2Z460!9"@;>L:QH+4M>>X*>-OZW M8+T/D(%8Q*^2MG(T]DSQ!\[?S>3'<>-#4P-E-%=&@NC'E>XH8T9).W_THO\\ M#7$\OJF_V'9U^0B(7IMYX^YWV/41&,.=,VE\OOTC% MJQO%]RKRV3W+VC[;[DT,>YJ;@'H"&@@!_B\A[ GALP3<$_ = 72MV"#V1)$L M%;SU1/?O-<1\),$:ZZASLVB3M>]T%%*O7K,P1BFX&J$>L^TP:(Q!R12S"" G0)X7D$9; M!"7!_3Y$LWYQ!.<-@]$ATI S_4G$N:RE=^!*GT?VU#AQKJC6A O]/1;Z8ADF MC)Z4&<9Z++JCMILHWMQNCN'ZROX"4$L#!!0 ( .2&:DD*['?C82H (>Q M 4 >&PO>48%4*J\ M9\IV&U!)*EO34DFME,?=,.:!(D.9;#/);%Y*I<8\]#_,TP"S?[+[,I_27[+G M$A$,,D@F52Y[UH"!@BHS&9<3)TZ<>QQ^E66Y\V$;Q=GO/]OD^>Z+UZ\S?R.V M7G:<[$0,3QZ3=.OE\#5=O\YVJ?"";"-$OHU>CX?#^>NM%\:?.44<_K409TD1 MY[__;+*8?_;U5UGX]5?YU^>)7VQ%G#NG<>!OL M]\\[J^MH>/3'^F]G19IB^[=AYGN1\V?AI8@1Y]S+K?Y'1Z/QT634 O=9LMW" M^E9YXO_H.BM"NG-3Y%D.F CC=;W;*< 9$*QO(\]Z^NA%F06 F@DZI0#L)>S< M!^7EBD\&>;.N0(_YI$0'!>^@SXB41J-7N7M'2D MYLX9('&=I!9\JZT7X?,2,$#>SHO;%O*]B**C'^/D"= KO"R)1>!<9EDATM;] MOQ5IF 2M6ZGH>_"[WW42L4D6;^%'"P/UEG+>QK9_G%C4=_-N=7-U>7YZ?W'N MO#F].GUW=N&LOKVXN%_!P?UN=>X<'KQR#IPP=NXW29$!)=D0"!^6,J+3.&LC M;R_+1)Y]83WVL@T=5!\_B+\6X7LO@O;6)'?"%_#L(1*9Z\"?S($=3)Z\V!=. M\N@<3$X6 #"BDH8[F,U.^+L%T67\'B9(TM FNMM4[+PPR&B()-\ A3#<%@]( MPBC,(>]LTCIU/=1.&7.SGM&.FEXGA8 ES%&VS3$%("5 M F%%2;P^RD6ZA>UY:$&?;T-G;;8>IFL)5Y7)))W[5:"Z^P#-IX+):>?!CMIG M]5' 4^<4UG4P'CH@RG!IP",* 3]-1W-W-AQ*!//%W9[Z\ %08@K0@8#7/4HC(]\;Q<"A30<38,+$DUT-6'.[(/$3L4&Z?B] M /+,;&H$538K0'?(D.H ,5X.O3(\)..%NYP.<0S$HD+)G@4Q=6=-)-S,S*XN M3]]<7EW>7UZLG--WY\[J_N;L#]_>7)U?W*W^V3F_>'MY=GEO:P:2Y UZ)/A_ MN!;;!Y'^F_/OH*V $ -V &RNM5EM7#0!OLAVGB]^_QG@+1/I>_'9UT[+[&\^ M\>R=BL;AK8<<;B/R$#28[%5OS>-4JP"'T.P\B2(OS=J.BM2+RX-B] %VF#(5 M[.EMG:=>S?FL]6J:M.OK):JSCUN*-<#>U;3U:%Y06^N7K*F%$W;N[\V[\XMW M*Z"K"I&M[N&_ZXMW0& W;YV;VXN[T_O+FW?.81%[!7 F$1B$5A]STMLXM;C$ MG0#]LFB0[N?A.I3:5E#XN9.!IFLKT[5&$; P01P)S?!HP@0 M'U"IL8>[@1/AD9%WB%+B%; 4X/L6;)< -%!KKL9IUGMA;6H8H-#')!7A.I8Z MFO\,2]J2S!%-RC9UAE[B T)3A-F&##=$9H-NJ5KC+KPF[#YXP,9%Y?I,J M^+V7DM="+L!>("Y;0?\@$'B)"R?W/MB(N]3/G$,Y)O:+1<.^O!.Y&HLGL"QI M+XUAU9F:7[,I.(0/7A;ZM*5!&!4HXGORYCXG_^SF^O;NXEMH=_FO%\[5S6K5 MCP7<-&@9%0*RSM%W,2@<$?)1FS!HVR+F:W*4-6QP\P%I4G J4Q-M(N' WC2( M%:-;YY[TP]_IZEOG[=7-]SWQ1B;](PCFS'E,DZV3Z..'5/N^T2Q ZFG2X$Z# MOQ193J5SYQ 1#QK?L[W7&R]>L^9L8)W614CM,G8-CTX3.>S=TGUT M%X*2FNWIET]W2 M0*A)%@(^@[M NWJ(=#D TL9CS$JQ[ MH _G343F=6OPZB9=>[%D_2Z:Z%D2*4,*D63.A7._93H !&!,1C!E&9/^4,[: MSY7P+@$*&3F-BW-.,\V%\@T\3RGPXCK_^/M_W2.;/;HJ/KC_^/O_AJ<"?Y3A M&/H)OCX)]:G(Z!.N"+XE18K?Z)BB+J#' @2D,$.Y?.2@6?&0A4'HH8?CV$" ML=.H+T4%'A70P 3R3 !<*3VNLTF>P&9)P;(M_$VE'X 0P9FAL 08)DIM 5&. MDMZ)L2%;+2!,098C7<<>BHU7KO.T"6$XT'!=1A!0X@XL&]XHD##>6BA/O"^R M#,-AR#ZPX:,7HEBH[BT^ H(4'H'!BW E\9M5X.AW9:&6WEJ $?W\".,743M MC1!L6%ZN80NC9V@3A#Y;91(<-0ILT@.;:A0DT,LH &UXR'E.S_>9 !!-&O\O M6M/&@\D?A" N#B*"B0\'3@-R&3V%^<9)"] F1\.CX0@!O1/K0NKHJZ,_(=O< M%M&:Y@#.B7"N"A)"EB0S MHA:3C+#Q8Y+D,1ZFDC/A@0'^AHLH 4IK:.(29;O@);\$/A9YJS9.(8-@.=B MEZL#)YSO8D(@X8=.Y^D6ML_WG$. ])O3TUL$E7'_$B373TNV28HHP!W&+ *2 M!4G\ER(F)8HQ+FESS\"(!\2!,850,__C[?V;.:1P7T(^CN"A(WP(B<3O_ MH D+:0J% 0QP#@2*ODD=J^Q<[QLO(C)982H$2A2K._(&V L@\H U%)S/;J6( M]U&O,]/K) B *DIBC1,X\'C T$]B:-<%V,!@!X2/L&FH^!G[#R#[2)!!05P% MH0"Q*9PM>[!X\2LD!P9,)E64,.\=6&1^&CY(51P@^ M'%YGG;!22I J^8;MQ787$0N2G7$P@$[:=X!YQ2X==J5H^ VC$C[DK+V1:E^: MF$[B*]&JQ&@:P+I!7 *=I1GAYJ'(X'!D=/3"S, ;?/% +00:PK@&R"GDS;1> M'!H483A!1-[ZMS"NN*O-1]B.5VVV@/$%>K1"$!8QM#UV+NT=D/H1L7N6^@;; M TZ1&0(MSZJB\B6\FW97,0PU?'5C[;T\=K[7,HR8EA< I&@;\#I#M$V99;.) M@3H!(A,G(;M-F:RP\3(:" PO_1$VU\5V3 F"V(RY526(,'I!AI97NH$P V1Y M,J.0I]SZ7BP0@=G0*I^2]$=:IX2)XWKD<:'TDN.YLP7E+3 M<9EE;X!!LN&I%@.DX1>:_H72B."O4J6IIT:G0^8_S'L,0IP2 IX$Z5R@@B)R M07,BMOR0>R%92UX9=C7VY GE2Q2"]LIG^4GP7NN-S(I'7G%>VF_<7YT] !$Y MCM)EC3.KF'Z,+&PTEFAGZI;0N);P3AZB<"T'8*4&R5GE):!_@PZ=P*VC;Q(, MT,0.IL?C< M7H"$CEH\Z#_1R@JI:EI3+L4IK2O'RD,D>R _6UN:\IN(DE M;;UGN<12-04]B9PIM&0B(Y!"2#LYK'LE> ><.9#]?SB4"76/O/8A+;2,RP?=N5@=#S2G W=477"KO,IE]S\=,(/%B>OOF&S:I 5)!XR,V0*A1, ;5M>K)(#'#4J/*MBO"%[YD(8H?12S* MYZD/FN9_\+UZXA4SQ"?EZ3?8;)NNX((^D-/V@\'GK5/!A]2EC*10'DD@8!*, M*GDBDSX+YKNT3[ 8!3:YI#3LEIS*A/BQIAZ4KF!4(-* ?6C260Q*4U*L-TS( MA"84B*B:E*M3J8G-APD7_R30'9;)0;%/C;4?.]\JGQJS3&"0R# 1+:"@IIZT M*217DBR%) SZ!VWE-:6P$ADES.+LY6H&A8I9QO,FCX QG@/D/04<*_C+D%J, MP:0*FVE_$("$V662WU,<&\$ N,DVPB53$%MFCNU1CA1FJ\Q#CA^A;L'*O^3. MR!A0+08E)64]^[@M[?FYXN1M-5J;FW^43WA"W-E(NZY\IN/'^2 D!!/,Z<), MPX%Y:NC0# Q/ CD2!I?(7V1RV.#.>]*^DVQP,,!,Q27]/UDL!]\#W6$*(E B M'+#)XBSDD&Z#?=9+ *)/Q=+ \&7 @/BP!A8'&[G0\H0&7B[GE M8I#YWA=MX;CZ\P[DVTWW.0>FA&.K7ST'76$[^Q3HKHV-"!JYH_E!M^= M4\5+2?ZOO(ASDDXSU+^4S^!*4"B6N.GIGRY7SIG2,R]C_U@KTD8G/2S)']8- M)NRMI<,I NG&1@$@>1"%MBMZE=1=9*X4B4+8?LFK37U(A3:)ZZ$WI@Q%D^UG M.D4;\MJETNKTR?8N_:K[W: Z:EB><^E5OP$_'F-(KN4^/6=9$$6/2M_0Q4# M%83!W+3PAHV13GA% ;LBS0J/3HP2D)%I&B,PH^.%^J$&4/O-D5N=7=#*SCH; M=_"V[G[]A WSO!GQO.[Q.B_#?$IN>$6&P4,11JRIT0G/9 M?'#M^1O8V13 M6)=<8*9-!N!#,L@3T2KT*EH6',\0S_=:[1=2B;$@><#D&" MC68G>]CR#'DRD.^$6')GQ@DL:#8?T[)&L[ES$SMOQ4-:H,-UI/1<\\#2T4:] MY1P6?)V@/PQ.=O+D@<7E,U]"RJ\80:C'=63F2-[)J0?LB?*<_"GA 3'*!WV M77L:%H :=T)2]3^N[!9,RG'-.LUMY:T)'#$#^"B3', M8T#S5\S6KQ(E]NF"=3T&#X M\7S!O(:-0-*!']A\7\>4BZ@]6>,I\Q+2>]4Z"77'&,$Q>!^%WWKP'A=0,BGY MWG)ILSU73400H\5#<:X2O@Z^V$E\/Y%=EU#/%B]BUOV ^AC./5R60(UFDR:H M3'K8*-JK.PT"E3*6P]%*82?%DY&GA@2W+1D0DTU8#;2:]_1>I"!T.,>_5V%_ M,C*+G#4;ADU"P[H.E-NWKLE+F'O)^58[7<)W/F=2]3[?K= M)Y0H9Z"X@9FGG0,D[:K)=<1YIXL%"9?&]GQA#YM.AT-H]!-\TV P+0;S\7S0 MRQL]&(^'@PG8 /<* @F_<3EQ,".8JBU(*1U,Z,F=0*V(?)@ER\5&I(.* )I, M)I-!_=ID&7^JW9T$:V*\G*(0/IFP%%0W/1%L- CUR L9_,%BL+)J#8% MX'LQ0JR/YV.4>O]21"#QQDTBKV:EJ$V* Y5*\FR8+,KPD*VJ1@=9*WBJGT ; MB)Z/DB=T;ILY34;Z$] T<*>*"\TU'E^'P1-J[O4LJ;+%!9S'==4%AZP[2=,$ M!%FF07VC?M'!BM79M;/:(>N,Z!X^F4?.S0Y17<1LG[PM4%NZ.KX])L<>=.%0 M!4P1(;=,,=@52+%5QT85P1BVE9$%ALXI=NP:@Z, 7=8437S$F-&PU(,EUV.6 MEU%,@KL=3,IFY.&N'3E7*A/:^$GE^+LTW H0"47FP$R?NZR*Q(9HV,D<8.3I M,I! +EYI%!JWI*HNZ9*<=?A!&CRFQZCJ%*8, #D?3J(<&<^OU7T=W"J9+V0% M/Z$G2!!4SK 5Q5X\E#(E9C1?Z8./N<9''2R-'!G$>.^%D;)0"TT U1W '3=4 MH0?E:%9X!.&,R26>=. *P"1Q.-/&9/M8H@1D/<< (\D7*V!XN(@J*DM;8XEZLQ M!F#0J?<4XP[.2MJ.&Z%#W6,J+P_+)GJOT6,"( MO52YI>M]O"A+5"2!Q1 MZK8>R+X(Z2>E] .58(G/6R!$5P4 D1FQM=*%@K[Q&'5!(VUC'ZBN,9+J+P-A M.E:\&^>8^SM,.$V!9?R,L=5 VA)YY=X"Y2BH M,((PJ^3F4^8D8$Q?6.ZZE4Q"IN5F,PDNXM7/3$ M!=*GA!$X>%&(QQ4.LM38I"=-7IUH2@13)Q\[\&7"1&1TIDA:I;E,I/&8 7FSQH M$,?/G+\67A0^AO(^3)Y1QE8J@%T\/#OE=6,I7RDK.4>3H'7)EY3B&HM:AFNI MA3^(_ D-WC=O+Y4WD]0?Y_(2-*"K,Z)->&CF"ANG7NM9T+VB#[JUAC5%\VV8 MPKDN2SS!C]VZ)UMS=?-M*?D"+0S4--?<)21LQ9P]-5.IG'1.IP:4\U8T:)E\ M!ZJ*C66Q%(]SE#D MZ$6ZPJ@SB4.?UIFDIBK0B4R7,A@I3P/(EK! "Y,F&,6S=0:(S$,TQ%4UQNV: MF8E5]8H"NHP(J594<.66J9;J,A%P"N!M"#,N'IYBAWK,F521-G!>HI28"J\= M8M=W(C 4C/>W2,Z6+)ZVHU*_@S>2>V\]OI''6W#M 4ZD2W+,"@!&FMDX9/U$ MYG"UPT_=K%1F>U6>#,<QY/_F?,\FLUXXINX25%I]60V:!-F-)[IO>H0B:O^N8/%3,9@A]@^N!:Z'#J5HN.Y> MELFY/11S=H06&V+:*299ZD5\.^:'U3A57HQ MZ;T->K,T#0O.$58N-+?,M%(9TG!^0BOCQ2O=H+)@7R@/. 2,@ MR5,X@!$6:VM =!E*=0YF<@_)AT59MV=H\V: Y4LJ>B ],IS>@QYV^9BMKI(" M+3?F:"S)3W%P>5^ 112>N0J,)XI.'V"[1&ZZL5"-+]D>,;J,0&EJ1J/OK2(0]^) M7'H(^X4HU>#8E\.RMPDT+4>1:=-]+^]S''/AF$ W;_9PPMA4]R=47+;D-Y4; M%;CI%-J'\_U6!8N$(1&Y\D9JM8W9LM30-_<'A2 M?;U[WVQQ)8W]06$)M9$'(2^GD?[5O![ES9+Q6R>G REOVF<:MB06LB0'RE?. M-PE]/1(N[XO!?7>&PN!=9[) -2Q,D6.*%I>?-.O Z3 H/)[BWRG^GR)]&"TSX/UR> MS%[A_T"M)T-@B9*!M!6+(G3HU83@7<4+!&5S-]P)=N!2ZYD"@77F5KD.,X.\B4_S%XY/)8F"W-!%+:'(U'(\!/ACJK@J$OA01O-3?:5Q M0=M/G,=L;UI(VC=.0ND8-"5>Z,\!J/M3('7EE4S!E7%D [ZPK:^2XKU]4?6K M<3:IKO9'51(H\,F)!& -"!JT5'7R:FWLK8"3$Y!*?0.&!<(Y;A3#TJ$3D*VX M#8]D4JTZ"9SQ"B:3P19(N+=4E5;.$3*13TXJF:Q*[4X,F*9NW3@LG4$O!7-Z MO!A_#)B+91N8Z(L8SW4U@*;[U%4PS23L(J9A#)X",)Y,#4&G78NM<)9V]#M, M$N=ME(5N\#JRX'!*Y[3&7.WX:%C:["5.X=F8%I)(*#+XF&6 M$-K+M>#0^!X,(%,>E(F,QK@OY.45@=X,/&A2_"LV2JOEAE4FHLS$,&6%CM0; M/J-E,1\,X1^IJX"T"9DHUVQ?%I0+E+>(Y"7Z"DN7L) A1'>89%S;6D%ME8FZ M]ZQF?\EFR=<6*';5<4XJVVALGQ6XF\!LX^G0&+-:#?WG)0'MB_H?(H$>F/Q9 MB:.V?DT<^^&R5-@SRM%9B]AO*B9J7&9&6"J-^[D_^@^Q3]L]J?4UHOZ4?E,\ M_$5&N"-@]9&ZQ*%O\X! ";=E7#K,])8T5!E"FT!7?)&U)LJ(-N5KL781QO*2 M[89U=L#_EUPOE"LSTD9>R!U IV-UN*.0?DG M8B.C'BMQY#+W5!><"$(*E.BJ#)5TC"P/T1><86A,90CQ?60N"$JU4>5G@DFN M0@./<:*'LO:&16)W4B#=8LXXIRBSJZ[AE4MM+3LOV[9V>@EYC89.QTA_]I*_ M;1)\ =HF1 =NT.; E:6WSC9>F&X]XFXT4"Y@[ZZP4K>D$)7$?ZA*:&(+L^ + M5N$L4LK#1=K$OAG6/0TQY85":5E=$27J6"60&"M)IC;1X,>EE-+ MZ-& -(6#RG60QF%.>+ 8TXM\BAVJQ5@I16:L>)6H".7:829@18=R)I\[:?), MZ>8)W_HO(POD\N4:'G7*S=5ZR-7Q* M^:2R+I//EMLF>5(Y9;[DFW T_/*B-/IG,B(2&(_@B[5<;"E#IL#,%*HJ76DQ M@E[Q"E1FX2BU41P/\,/1&F;Q3XET61 &]6ZHS?O":7SG"&=" M]'E_Q['S)H%C'0@\DQR8I^;"B3"W]0C?.(BQ0) 2X9&?1$GJ4N&^(PQIZ5>$ M!'P9A>=%/A2A96SHB%RJNY6%(#29/V/17!5+,_:[J7IK ME0PI11'Q5^UU!D02>#*QII$&%-5F(HHR@V'J8E9]Z$./$I4*ITI2S\S;'>H> MD=!W3CS[!2ZPR*VR/]FODJF4>%5DF.4F9OP$F+G[&-)VR)BK!$99NS)WD$*Z M>K7$GO&V*[U50;V!!D\1^SEY\TE3'@T_;_+EZC[UUX65^<\XM-Z/,E'9>%< M*8CX.E&-HR]IH@ 8 2A4OM%=$CKK!>4^$5KRQ@GE9J#&AYO;!I+-VX#F,#HRHI/:7<'9DC<%QY 2\+""L7IT*_E.H- MW,UB:3_5R4PR)Y->[DRYG,V7/36XG-L?[W4YZ[=!#1J/(=Z@=T<3=*DNW/&2 MHF,3^('*S,S+\7"P7$P&8Q=O1([=Q6PTJ+X6BJ9:SG"JI3OB M:_LS=TKU6D9+=S8?#FZ:15([[!.8!2"?(KCS(0XYFTU[0CR""4?CV6 .8\PG M\T$O%J&REP:'"XI6+F9C^#MVIU/^?X+N:/D2G>;%0*O9XM5@!!MT.')'2XQV MPO\+Z-?X!BAX.H%GA\L%=AW.\>]H^&KPHC=!#::+ :+\$.,(D]EXT/TJJ,$4 MVA[)O_O? S6 '3\:+)?PI_8**$ 0+F])0&- =X*KW/,:J,$(H05:.CQ!;&+ M83G6_1K?!D7S' V E@YA+BO2T1U.::J7+/.M+O"*GOT2T7J#/<67:VWW:L=C MQ^YERESD@Z66*MYKYT1NFGS9GK0Q*6E9YA/7);%'CIB7U/$E\Z-:)1UXG*K( M_4=9I"@207D[975Q1C9/Z>K_Y%EL'U>=\=<1?:!0(5Z.EYYV"J7R&LUPJF4% MFN7.96UUBA;1EV?G4/UHG8B&CATD_TX\M5=6=]5L/\C_.T[#)ZW2WC!XI23H M"P!KKC77HPJ\67?N\)ZN MO^IF_3+H^ZU:E4WS-0'5AS^454&HRV6,'@?Y.HA? M9B-_*Q+SZR@2TY4RW(O4D+I5@>0S\HM\)(7]EHO:E8O:G:'7:Z?L3#S7*7.L M5.K1WMW[V3?JMV2XGS<9KE<,J!=%V<$>PYU&%H1JT9>J?O-W_>;O^LW?]?^) MOZOZ6J_#<_:&=+QANZW##U=X>"\QBM+@%$#]E&&\(DR5D: M3)4N.:?W(C647.1WK2@5Y982_;'.B8Q;%?Q.T(8;4DH5.C/S[/N-?RTS^N]4 M1G]E#&2,%]M=E#P+Z]VQQGAA.=YIF?5OCN28&-9R](:<=D\.><;\K!,NNA=[V1K[,85 MZKVP55PK!@F;OVN"=@[0<7:O!$G76!UY.Z:+I(EL30])_7G546()R;K#9+]_ M9/^I[>C3=7#-.K3[O2\MN],)KU8U;A[M-PCTW;/.0;I\E;;CY85^EOV8[SM MUS;0FP2NM#2Z-R_E@R)G'<'ZQ=27C$<^$$>]_=R55Y@IW:KUE=U=X]'/:(XT MO I[3&;LBX;3;_^D;5-O)>]\T?FULLO5V^Q?,A_2R*=#AKYRAWJ&Q/5+^BM' M,*.31L$7D,IBUO61M.^L[N=K.:C]:?UC*]OW/M%[')4=9Z6/BZ^)$71Z[RS+ MG%R8;RHNS$O#W=B*XG)+WK(W$PBZS]9HUV:_:>KNQ/UL"@RM8V>X;.87_U)$ MQ_JNBQ4?VJ7'NDJ"]79;/X=A6]@0#SMN?MBZA*[-OY)97-+3^%;>O\?WZLHB MF3BB+7(WOQ7=K!3=[(W7S;"\M0;:TT;RK:UZH\39-.<(VOMQ^Y@]_]#E5I M6^N5UKA4ZK6H>9%V7_:^U760+9D_PYHF7=8%C=C&V>CAA:R8Y#H76#+I5A,"U<";-%R',=F,1@=+1-[I8M@WCXX%A!ZX$XH J%K==)"*A]W>[T"^G->3 M\RJSIU6&2'VF2\J4>ST>MO5WKA(OIH-%48P+.O\N5F'A%VJ>ZI)<>D8+R_5DR2(<(/,VMB;A>57^I*-7)_0-SH2O& M[Z+?\IQ_MS*97K[T.YW]LQ_&*Y'GLI 0#]-ND*H096V^UA[3)K22U_8T*N4K7:U':+<>D.?)566"F M0YJW#^!61WB7Q'[/0:BS#K)6W:)X/4 2VML0;W X?VX@GN8A>SM8FS$,NWG6 MKVA2[Y/7=[RN5YT:$>OZP^Y M24%]\:G&^W>)H#W1:+WVY-D^*D\RD9YW69/ MJJA*NVW; DL7VSO#[#Q$BAH=U/$[C-2ZSDT9F;7/8$ON9JM^HRT"K0FC+H[% MS2AUM T1+%@M5-2F+9KW7J@UX+L]TZX4-#B8J.=$" MO37>WN6M.%;>L2,=%I_N?LEU*.B>&[?/&N19JVZ">LM+]UU1>PLF^/&T[7'' MZ3KKK'EDLJG7*M, ^!5>V8)=+W]H96!E'D83;VA/R[ (N4\>QMXINO,P;"%1 MYEU83&1_&H9S"(AADK'3)?IG8M PYUB2/C6VIB$ TWH]V]SO\IIRN\K18Z N M5M@Z@(K-9?K>-_]N#2"O.]_I@JP=!MND205NR49I4X7V-.\./>NZ1W?E754Y M3J/K/7-D%@G[_@VNH&Z9=41($0GRSMI=F/W8Y0?9MZBCEEO2'2$^3CVQF$]+ MGDE[NTJHWEZES!PAE?!()_^T2D1.3[F5Z2F,8@.KY;1J5WJ/Q:$E=*!?&[=" M/VYL^])-7R5GTA9DZQBQ.X#Q$J&_E_V\SK+\Z_\'4$L! A0#% @ Y(9J M29F3^??, 0 TQH !, ( ! %M#;VYT96YT7U1Y<&5S M72YX;6Q02P$"% ,4 " #DAFI)2'4%[L4 K @ "P M@ '] 0 7W)E;',O+G)E;'-02P$"% ,4 " #DAFI)>>5ZM+$! ;&@ M&@ @ 'K @ >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-0 M2P$"% ,4 " #DAFI)"]G8H\X" #I"@ $ @ '4! M9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0 ( .2&:DG9X=I8/@$ &D# 1 M " = ' !D;V-0&UL4$L! A0#% @ Y(9J2:7K6QE&PO=V]R:V)O;VLN>&UL4$L! A0# M% @ Y(9J2<%U3'=C @ O0@ !@ ( ![!4 'AL+W=O M@0 (L7 M 8 " 848 !X;"]W;W)K&PO=V]R:W-H965T&UL4$L! A0#% @ Y(9J25(]0X08 M! _Q, !@ ( !$" 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ Y(9J2=C6(Z"> 0 L0, !@ M ( !MBL 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0# M% @ Y(9J2=Y=+/ZA 0 L0, !D ( !-S$ 'AL+W=O M&PO=V]R:W-H965T1EH@$ +$# 9 " >DT M !X;"]W;W)K&UL4$L! A0#% @ Y(9J2;V% MJAVB 0 L0, !D ( !PC8 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ Y(9J2;84C0RC 0 L0, !D M ( !3#P 'AL+W=O&PO M=V]R:W-H965T&UL4$L! A0#% @ Y(9J2;9V>Y2M 0 %@0 !D ( ! MUT$ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% M @ Y(9J26E6K>BB 0 L0, !D ( !;T< 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ Y(9J23:$DP?? 0 304 !D M ( !JU, 'AL+W=ORWK72H" #6!@ &0 @ '!50 >&PO=V]R M:W-H965T&UL M4$L! A0#% @ Y(9J2037-3&A @ _0D !D ( !)UH M 'AL+W=OC4" #0!P &0 @ '_7 >&PO=V]R:W-H965T&UL4$L! A0#% @ MY(9J2<:Q_8&_ @ /0P !D ( !FF0 'AL+W=O&UL4$L! A0#% @ Y(9J26$&PO=V]R:W-H965TM0$ !H$ 9 " =YQ !X;"]W;W)K&UL4$L! A0#% @ Y(9J2>+[2\W# 0 E@0 !D M ( !RG, 'AL+W=O&PO=V]R:W-H M965T1Y !X;"]W;W)K&UL4$L! M A0#% @ Y(9J20KL=^-A*@ A[$ !0 ( !+WP 'AL H+W-H87)E9%-T&UL4$L%!@ S #, UPT ,*F $! end XML 55 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 56 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 58 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 76 184 1 false 33 0 false 4 false false R1.htm 000 - Disclosure - Document And Entity Information Sheet http://www.trans-lux.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 001 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://www.trans-lux.com/role/ConsolidatedBalanceSheet CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 002 - Statement - CONSOLIDATED BALANCE SHEETS (Parentheticals) Sheet http://www.trans-lux.com/role/ConsolidatedBalanceSheet_Parentheticals CONSOLIDATED BALANCE SHEETS (Parentheticals) Statements 3 false false R4.htm 003 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATION (unaudited) Sheet http://www.trans-lux.com/role/ConsolidatedIncomeStatement CONDENSED CONSOLIDATED STATEMENTS OF OPERATION (unaudited) Statements 4 false false R5.htm 004 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) Sheet http://www.trans-lux.com/role/ConsolidatedComprehensiveIncome CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) Statements 5 false false R6.htm 005 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Sheet http://www.trans-lux.com/role/ConsolidatedCashFlow CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Statements 6 false false R7.htm 006 - Disclosure - Basis of Presentation Sheet http://www.trans-lux.com/role/BasisofPresentation Basis of Presentation Notes 7 false false R8.htm 007 - Disclosure - Going Concern Sheet http://www.trans-lux.com/role/GoingConcern Going Concern Notes 8 false false R9.htm 008 - Disclosure - Inventories Sheet http://www.trans-lux.com/role/Inventories Inventories Notes 9 false false R10.htm 009 - Disclosure - Rental Equipment Sheet http://www.trans-lux.com/role/RentalEquipment Rental Equipment Notes 10 false false R11.htm 010 - Disclosure - Property, Plant and Equipment Sheet http://www.trans-lux.com/role/PropertyPlantandEquipment Property, Plant and Equipment Notes 11 false false R12.htm 011 - Disclosure - Long-Term Debt Sheet http://www.trans-lux.com/role/LongTermDebt Long-Term Debt Notes 12 false false R13.htm 012 - Disclosure - Pension Plan Sheet http://www.trans-lux.com/role/PensionPlan Pension Plan Notes 13 false false R14.htm 013 - Disclosure - Loss Per Share Sheet http://www.trans-lux.com/role/LossPerShare Loss Per Share Notes 14 false false R15.htm 014 - Disclosure - Contingencies Sheet http://www.trans-lux.com/role/Contingencies Contingencies Notes 15 false false R16.htm 015 - Disclosure - Related Party Transactions Sheet http://www.trans-lux.com/role/RelatedPartyTransactions Related Party Transactions Notes 16 false false R17.htm 016 - Disclosure - Business Segment Data Sheet http://www.trans-lux.com/role/BusinessSegmentData Business Segment Data Notes 17 false false R18.htm 017 - Disclosure - Subsequent Events Sheet http://www.trans-lux.com/role/SubsequentEvents Subsequent Events Notes 18 false false R19.htm 018 - Disclosure - Accounting Policies, by Policy (Policies) Sheet http://www.trans-lux.com/role/AccountingPoliciesByPolicy Accounting Policies, by Policy (Policies) Policies 19 false false R20.htm 019 - Disclosure - Inventories (Tables) Sheet http://www.trans-lux.com/role/InventoriesTables Inventories (Tables) Tables http://www.trans-lux.com/role/Inventories 20 false false R21.htm 020 - Disclosure - Rental Equipment (Tables) Sheet http://www.trans-lux.com/role/RentalEquipmentTables Rental Equipment (Tables) Tables http://www.trans-lux.com/role/RentalEquipment 21 false false R22.htm 021 - Disclosure - Property, Plant and Equipment (Tables) Sheet http://www.trans-lux.com/role/PropertyPlantandEquipmentTables Property, Plant and Equipment (Tables) Tables http://www.trans-lux.com/role/PropertyPlantandEquipment 22 false false R23.htm 022 - Disclosure - Long-Term Debt (Tables) Sheet http://www.trans-lux.com/role/LongTermDebtTables Long-Term Debt (Tables) Tables http://www.trans-lux.com/role/LongTermDebt 23 false false R24.htm 023 - Disclosure - Pension Plan (Tables) Sheet http://www.trans-lux.com/role/PensionPlanTables Pension Plan (Tables) Tables http://www.trans-lux.com/role/PensionPlan 24 false false R25.htm 024 - Disclosure - Loss Per Share (Tables) Sheet http://www.trans-lux.com/role/LossPerShareTables Loss Per Share (Tables) Tables http://www.trans-lux.com/role/LossPerShare 25 false false R26.htm 025 - Disclosure - Business Segment Data (Tables) Sheet http://www.trans-lux.com/role/BusinessSegmentDataTables Business Segment Data (Tables) Tables http://www.trans-lux.com/role/BusinessSegmentData 26 false false R27.htm 027 - Disclosure - Going Concern (Details) Sheet http://www.trans-lux.com/role/GoingConcernDetails Going Concern (Details) Details http://www.trans-lux.com/role/GoingConcern 27 false false R28.htm 028 - Disclosure - Inventories (Details) - Inventories Sheet http://www.trans-lux.com/role/InventoriesTable Inventories (Details) - Inventories Details http://www.trans-lux.com/role/InventoriesTables 28 false false R29.htm 029 - Disclosure - Rental Equipment (Details) Sheet http://www.trans-lux.com/role/RentalEquipmentDetails Rental Equipment (Details) Details http://www.trans-lux.com/role/RentalEquipmentTables 29 false false R30.htm 030 - Disclosure - Rental Equipment (Details) - Schedule Of Rental Equipment Sheet http://www.trans-lux.com/role/ScheduleOfRentalEquipmentTable Rental Equipment (Details) - Schedule Of Rental Equipment Details http://www.trans-lux.com/role/RentalEquipmentTables 30 false false R31.htm 031 - Disclosure - Property, Plant and Equipment (Details) Sheet http://www.trans-lux.com/role/PropertyPlantandEquipmentDetails Property, Plant and Equipment (Details) Details http://www.trans-lux.com/role/PropertyPlantandEquipmentTables 31 false false R32.htm 032 - Disclosure - Property, Plant and Equipment (Details) - Property, plant and equipment consists of the following: Sheet http://www.trans-lux.com/role/PropertyplantandequipmentconsistsofthefollowingTable Property, Plant and Equipment (Details) - Property, plant and equipment consists of the following: Details http://www.trans-lux.com/role/PropertyPlantandEquipmentTables 32 false false R33.htm 033 - Disclosure - Long-Term Debt (Details) Sheet http://www.trans-lux.com/role/LongTermDebtDetails Long-Term Debt (Details) Details http://www.trans-lux.com/role/LongTermDebtTables 33 false false R34.htm 034 - Disclosure - Long-Term Debt (Details) - Long-term debt Sheet http://www.trans-lux.com/role/LongtermdebtTable Long-Term Debt (Details) - Long-term debt Details http://www.trans-lux.com/role/LongTermDebtTables 34 false false R35.htm 035 - Disclosure - Pension Plan (Details) Sheet http://www.trans-lux.com/role/PensionPlanDetails Pension Plan (Details) Details http://www.trans-lux.com/role/PensionPlanTables 35 false false R36.htm 036 - Disclosure - Pension Plan (Details) - Components of net periodic pension cost Sheet http://www.trans-lux.com/role/ComponentsofnetperiodicpensioncostTable Pension Plan (Details) - Components of net periodic pension cost Details http://www.trans-lux.com/role/PensionPlanTables 36 false false R37.htm 037 - Disclosure - Loss Per Share (Details) Sheet http://www.trans-lux.com/role/LossPerShareDetails Loss Per Share (Details) Details http://www.trans-lux.com/role/LossPerShareTables 37 false false R38.htm 038 - Disclosure - Loss Per Share (Details) - Calculation of loss per share Sheet http://www.trans-lux.com/role/CalculationoflosspershareTable Loss Per Share (Details) - Calculation of loss per share Details http://www.trans-lux.com/role/LossPerShareTables 38 false false R39.htm 039 - Disclosure - Related Party Transactions (Details) Sheet http://www.trans-lux.com/role/RelatedPartyTransactionsDetails Related Party Transactions (Details) Details http://www.trans-lux.com/role/RelatedPartyTransactions 39 false false R40.htm 040 - Disclosure - Business Segment Data (Details) Sheet http://www.trans-lux.com/role/BusinessSegmentDataDetails Business Segment Data (Details) Details http://www.trans-lux.com/role/BusinessSegmentDataTables 40 false false R41.htm 041 - Disclosure - Business Segment Data (Details) - Business Segment Data Sheet http://www.trans-lux.com/role/BusinessSegmentDataTable Business Segment Data (Details) - Business Segment Data Details http://www.trans-lux.com/role/BusinessSegmentDataTables 41 false false R42.htm 042 - Disclosure - Subsequent Events (Details) Sheet http://www.trans-lux.com/role/SubsequentEventsDetails Subsequent Events (Details) Details http://www.trans-lux.com/role/SubsequentEvents 42 false false All Reports Book All Reports tlx-20160930.xml tlx-20160930.xsd tlx-20160930_cal.xml tlx-20160930_def.xml tlx-20160930_lab.xml tlx-20160930_pre.xml true true ZIP 60 0001513162-16-001078-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001513162-16-001078-xbrl.zip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

;[T"]VK^=GUS?7#]>7]VC^_@+=/RS. M__:7Q79]?/[@M,:@I^-8#7QT.&5>2.R"Q8+P$V"Q: M,#X5$C,6'28ZM65RH7'T:#2K=GB ;DE]& BM-A4042(M,C!!/>(+D*-*G&4/ M<*'L;HOBC=!>?%ESWVM.*/>Y "]#/\R_=WNWI;>W*>QFIBD]Y#BWXS5W/E8* M3P>'187IXN8FZ!3#OG=]#N/)HYUUPUB3N0K JRUHA$>!CIMXR$)D41F8!'!C M?ED.3VA2AF8XB?,)A-2.\?'6:*XAM/H65(U(\1J>,S[A0T8X[:[ZX#T73P') M[U.(4U_@XO]CJM,1J+*H>\.IY5W$TUIN?A-R]3*A>*?@W*8=3WU:5_?'8:CY M5T&0G'O9^C9-X#E/<+;_D&&"JTXIF/MY^%0<1T?\"@RHL!NXT">0^[8Q6Z-E ME'S*$.@72NH,%*\&X?)T8*X/G>HZ45+EHG@[X()K^%GWWXH'8$"=DHF%^38Y]G M3-UL1;#'$LV PWUWSVH@._>VD!8PYM>F@=UJ5JLZ7;P]9$W^A;..PM,;#/I6 M:"J1)GWQ-Q5:DTV&&;*HZ?L*9<_]'1,4D_!\!@8K^3UA!F+;_HZ /"OZ/ MC%VF_@\'W54("5:NE5A$Q2246$"@HA(O*PC35F(%?5!08AF[S#.PMMN(YB![ M$>"](OR]CI=)NBE*RHZ:D*6&VFY^EA)-W'2MPVP4'%X+)\O"80;E);:W!N?Z M'D%/]NV<+G4^#7!E%^G*B\OB=:UW.O,XN"6R!_Q%<9_R^_"B.J>^\8+Y 3_G M9P33QU%BB<>FT:YY/C;YO%!C \T,M5^-@??<1 7?2XT,';"U'N #0D0QNLV$ M'$M%6_'*,60T)&T$PCQ67Z1*:*%6S^\ MG"*ULTZB&G)9MN,8DO6;/]'TUSC817BQK'&4N5X/M+K5J-9/%;=='T*5+)[I M*Z?#OE\#($Y"F0KX$P6"F);/C>W3U("6Y=-A%=VB__3O)R?HIQ_?_?#5/W_Z M'W^[>_Y[_/6;X)=OGU9_W\%AGT7?/OF_G$9_S?_P MZH>?O_QEO?X0+2_P[/ MWRT?_OKI\COOS3<_OOSAAZOU/S;?O7T*GK_;7V\>_&^2ZU?//Y^]#18?\7<7 MS]]L[C_\9?\R7][_]_M_>.>?XMT?PLOU^R__\3)>?_/IPV+[Z>M_Q.=OOWS] M>+$^O[W^[N[MU__ZZEO_0_H_EY=_>+CX]-?'JQ_"OV2/?_]7\/K/_T3G]WO5U@8H,,I**N#"L$KI M4%<&D>UTK1-<:ZFV?M,3S&T*%SCY'BJ10]_;&HJ$<32P C%# M% @]VQ_4<8H'>!-M:%?LU63:H'+3'%QN]'5B6CI,-T6F("6R*W=KX._X",-Q$=:T!163#G)Z392)GGY"%/!JRBQ9]=8AYI(G MPE!4??-+/O1 MV+H],J;%8OZY*8V\;;AL:P3;;Y&!WH:(*I!3-*-#=:>U60_AJWGR^>$#>X\K M-/#T([,9OQ2C=F.3A30I&&;H[U "0!3"U'Q*3]TZC:R$=F M-WS.I4.CE==$S*-4?J)>7D>ZGZXUM0N_TXW!IKG3(\75[8T6E0H&L:^H,T1A MTKV_A"J.43JUDD8*Q+::^JP=D):JTW1GY-Q4(U*L)ZB:4,EK\D0.*RF(Q_G; MR8&*,*"1TU$R4T4M=K)&CYTQ%5B;!LNA*5WZN#&K.-F$\22TUE3LJMV9N&P9 MT!U H8G.J'Z&)@56RR;H4#:X*Y/[J^]A2J'=F^E8,0%>-QY+"JR#WK*)U2!- MOX.37'MS7(R8;D#72(7:H09^[ MII] _32\<3@YJPU[WO&;RXM:V#!I4$[N[35-_:C-?;L8[$RUTB&"3PRJO3H7#R*G5E*NT[1>)J%5?GK=6\ MO?U3$CW!^^66 HZG,&*$-O.GA)3P:V87+%REYM9X+EEHQM[!SIPR $HQQ+F\_?RG=E+,>\6V+\A-,\?(PPY#6/ MV2F1A[2S4:]XIF MC^!K"NV @!:Q)GBE)I137!]5%*52V0O9LHW]4,ZEVEBG%1$ZJV=> 2&ZMZW3 MZ!&N($B%R]3FP4;7R)Q=7<]7*<9:L3+&I&/[F$)[TL?/$3\9B.J1SKLW\WE= M60S.PH;T=FH'6!_(E+',! ^5Y<@&APS%6#J"\5WCX#Z*WI6;((;>6K!Y.D4; MZ'@.*AN1S4Y@+ )4M64*#JI05 )%&>2@RO)[SO;-OUCV3%C8I^"H,.A2\ENZ MOLIT/!6!G%6RP#C\,/!CSKTT"K,(%^6]8?^\CGWUPY)@MO7#$I\6;BGL8@8Z M3"$_^L[CL(IRJ8]+DH4;[V7ODC1?>2OVX?E(UX(=%':#]1WLO/N_:M1$PJH< ML;0N^1@+,WY!XJ7$\HSHR;01V'[[T43.48!RC.LHBE @K8<;O35IFP :MH4- M)\?^6CUJWIEQ9&]4'#-OX^8%S:M1KH4I8' =-F>L:$B344)+G* M[<]P[*\W7OIQM.MZ&4ZKSJ6,&GY(]3 -P3Q43YN"AZDJV$[(7+>0LV1;SEF$L=.)FLKAZ2_F $!]KGO)SOZ&O,VB4)_[.ZE?&P6-PP^%;Q& MHO4$5,T@%J".%F]_P_)NG'0T/%"[PD@',%<\">9\45Y:+G MG3R+L:@"OT="I!! Q#LJ265"7]6H7!SB S667+9;PFS'L MAA)>BQ9$A1YN>0HZ%56UU6#H#!7343$?/='G(D8N-DH_76:QQ)+VM40OF) M-'S[P MS[LPQ4$+S=G^4R:Y=H>'K3]@**E MYX@B$7\+#N]"CJU)_2_B""(PWO]I+P"\]'91#G7GH>P\_&J^@5/Q..<6$4*; M#YN$E(BZ/QQJUL^*1PTE%*+A=*[S-A R>?::00BY,*B9R#;%?NCU+>FQE*D! MW^J571,S5U<.0YR?6_MR:"M!9S4#;MANL)?A1\__V$@+N_#R44ZB0GRVLY0% MM BNWE ]I_F8@1@6,LWU/HJ0B=5=]* M0 @O7E?.0,LD1=4<5$URV^=/+L16 $^R]B,[9N]Q?ILF/L9!5B1I0]5L\I*%[B M-,7!6R^,WZ9)9E7-^\@MIP4J$65R7BEA( R0Q3,1/=ZK@(HG668O#+W3F_" M&%>%BNJR,MXS1/O.DC1-/A79"N0O^7X,1=7";],*ZQ#&JV-%0#2J6%509JB$ M@VI J(+D^LAMH@ZMRE>Z7!O8*O@0"[V.;]72@&WS6X)6A\\OZ)LYWQ(C'N3,3 MR\7OVL3R"-,UL26<7XF)E:F#S,0*N3; Q#)Q)4\X]J#&>[H9Q7>5([4<6I<2 MI*VEI,,LIT *B7S_Z:\!9?>O[Z-@UC/]QZ49&-M5@NTG 5QO!NZ3!0)?G!$+ = M%\N<0)$Z5H-F"."A&F"9HX<62U3!1*T)@9L'(?9%G>6Q/-K MUTNN$2MHJ H42^DY"J1P:[R5,T&[>J6OZ]DN'TEJ2.O0X$>-'V9O95M*.%^M M4KPBWEUY#:YIVOKSW5BP'ATJABI ]:PJ6<;I-BD5"LO>L%=N>M1CG2?O\,8+ MXS!>.0O="BBP>"34HTPW+%%#DL1O)Q*@D"N%+$PA89WY0;/M-Q)T>-RW%4Q< MMI]5L(A0/3O C.Y#"O>!BK[@^&&*SIJ/=L-ZE=):O_Y^L2P28T.?N4^.HDQ\ MW'8#L:ID*:M;!8&6&"AA]#9@]_HGE;U '\5,,MV=J_Q$:*"3+>([[$67&5S; MGGMINH=4KO*\4=?\'$--#:AP4\I5G4!)M5?:6BE#4/(/0[]0"FR&*G#5 9>H M:=Z$WB/X#"'.1@P;ZZ"W?!VK09KJ M:_BRW@( 00THTP@]&VB"H/B+E%T#WO+*$;TGRW6KM T*W)4GDE!FH+:SMMX> M8#E_^FFB%+KZVV'=D.-2MT[$Y?,6^WFG0,1U7'XQ5V'F>]'?L3=*(=*.&:<&6.TRR:>J208)&A?8C[P4!Q?>_AU!NI['P6AF M6@.];;NL3AI/6RL(AXMT ((J*,ZMK+[L6RJJR2#S2G=I^7+G/D_\CP>T.+U? M$V05SC'T4Q6US3"M(DV\![?5;$2G'_(8,XBA(0IB-AD5U11]ZSVN!IML]I4R MH.]TL!S1"^+H7201^4>&MN3O&?S]<\:-/34L#N1-GD=&EZ M67F"'B$?(W124\=..:K@M7DZ5:!'50D='STU)"IR MZ;D<&%#M//*R;+$L^\DMTKMPM*UA 0P4XM-L6==I+@(Y]Q &*PBGUK\7)HW?]+J[4 MR6?5^-T8FJV#WG($3X,TI=;?[1IY!10PR(W?3[$ON$@3%!J#<]EE]%#F+ME[ M$21M^CA\TGZ%)9IM\=F5@ R>(A4ST&'*%-Y4*0BC?DH@6;)Q)ND.4"^QZO1*GH*L%G<;OE4<-2GF "VYC %57-3BE+8>KB[?'/KA#\U^@RF24Q^]&GGT8QV M'=P7_WW S_D9@?1Q%)NE2X-EY=.ECV?C\"?4[$W9 C0K>E7NT4_E_P$:HN"< M]38=JB,MJVC"PP$7JF&2%@GE=W!1DF7A,O3IUS,/_K7+\N*A=.:GX7:LA('P9,0+%W14.V >3+4[S/:37P24':-\6;-0#F3R>JJB@M=Q@4TX1-YVH MF#FCN9@Y\N( U;-G".;W%ZYZK+6,D/#7:YJ^U'HR/]I>R4+CKCJ':/^K=@AP\=L:TZB?D/4W0C=NF4!\ M_,(([1W.T-"T08ZZL_%067]KR"1#K>+&9#8NB=SX6L/8HHP\]N+":KQ]J8W M=C?4)G*>A2FO[)A'.R<.-4LD+:^YMRIC\9\G<99$84#CFE2=1HPJ\7#9W'EX M1/!O%@_#"W/!T!,WUXI"P76N%/EK'M+:K#Z]E1I9W(.'\>HZ7B;IAN([VY=_ MM'#P5R?#9KLS??(4?*%R.*J!H0:T&3P*P=T[>7C&=7' M4L)K4XD5Z!'OKVQ-9?MA+K==)5$S=F,Y:\PJT[Y-H HDD)_&%SCWPBAC6%)F MAB%WJKUZM#P2.+I"AZ-R/'I1SOB\9\,LYQ;*9% E%@I7:U+5F@&08W94%K8"QD$*\%D!4(,=,-QN$=#/F(=Z=D.72UI MW7EXC3L/30NB!L>B+5$BR.B22V!B[.\]6O*K=$F=-T:61P9>QP:IP[)FC91) M&JI='/=F8AK&M5AZ?#)]!-ONZS=>M)*%QV[J"(L$7IRRW3IA*FE*(F&U(I2\ ME9KF?'#>_XVG+F*$-B/<0DITWX:R%&DZKT'Y"B5GPH"X=Q.X'8UR%Z/*(3^+FU3B+! M,A&VPK_"I9L$_2#-Y:',*M(\E'&GVHOX\D@098$]U#D]TXGFR*10.;W"]1Y) M_#KG)^%T6S%?$1':BC"!T(V*3 0*<92 [TV2-4I":IH%SE2;9H%- E<;LD;M MSTF9!;$4#EH@6*^96>@!U#,+@NGVS *?"&U%F(19D,M$H!!',0NY1-IO.?;*.S [7 8HL,;@3D,#6L3/*H*RU45:C9Y V<>*V$U,K MKFG2XM$1B]J&'A+?+ ZCI(* M%$L^D@(IIOHR$<](0V1RY1GJ#P'T3M18][0FG&[K-"\B0C'N+SJ3V=<2%:%4 MZB%=O.%QG@-7Q[)(05A,RI+18J(G;)LR#5WAFA,E1AS=.P@2GSX6]9I5SAKB MF6_@S<(O],]UT?JLZ!"3;+:8' 7A3]!B,LXPKWW3>W(J\;ULC7 Q#BV3%'D- MT/!@Z5,)_ MGH5N]Q78%:,*J8UMBF3C/O !N'4H:[K"?/.%TSQ/;'=X2(NC7 ME:\Q"*QLV/[H!2B 2YA*GD2<:0GL"V>^'W-MO5U;P('CG\5D\CA?$W[CZ[C4 MEH9NO-*1AT_!T/ZVY5=42<:=_6,OK2L.$0/LBZ/0C(*;EYZ_ODW#V ^W7E24 MA5\L%VFX"F-RC&P,Y#:M PAH6X%HB N$EY20BN_H$<-[%EQ!!$%2>[GU]D#O M%PY]'C.>=.4\A+/6-[T6#?/5*L4K+\>WA2QXTGZ +[(:6PD.;;P U](D_Z=8S&4KU;'$)1]^]-,T&I>?;;; K)4Z%" C.[LP8YVYDS+.^(M 1(2-SV& MXW !"-&: "Z50+[8?J**&GNLNP"=!Y$TU-9J(L#TV[S'7>2E* @S/TJR74J= ML[1X*8HK6 Z-O7!5_9MZ*0N%<%.7! M9+%L].Z##[D^D'%/LZ6_#U_'X5!+_D$M'4@'SC@N3ZH*B^N+1Y$?(T3$I;(2 M-R%C!NS*QFN'$PJ$Y<^$-W'L1OL%>AA\]_V,C^XG^KNC_(;)D M6SJB.O!',,GE1Z*PFM[-A"H#''PD/R;I1RB?XFW#'()'R] /N=[9P<$/Z$ < M^WL:,RV $ -&H3B+8#,7TY6&8,6V[G7/KJ[GJQ33CDWO,'2XXW&)8!LU?9>H91>@%=X 802XGIF$@$BJJYR*8[/Z;D*ZL)Q9%7EA+&^P0!'$ M [G09WQ3%$E[/1)IL!9O31 7X0H<@-LT"79^3GVQ>1R\\\(XQ[%'UBP623D= ME?,1!8 (!-0 X7['5EQE+P*IPQQ'(@.W6K*U=(5$ITQ-*(UUB,706[#%-+/+ M<+6&!BZ+&%\E:;XNCY4WX2;,:="Y.OO?XSA,TOO=8Y(&80RQS?=)CK.+'7Y] M^NJU6%P4"?V&"!I$\51=AE&)"350H0(7:B)#%!LBZ!#@FX07<53>=55D!,'8 M\U0(Q3A<23:_T(-(>(O7K0L/\SF!W@X*"B91P!&103@:L/8 MLGZ-\Y/(!%H6I!$7NK(=P$IK+V&]Z#++"3GOB"5>>2MB\$%-A@*]36N3^22:)3WM;]I\.D7W))YH+/:N=8P;'5/FO% M1U6G9],*^2)?XU25I73P) P&@WP>>WLKM,[C9@:&*JL[Y?@FQ/+^:GB;UEK,GRG=E'>W($/&^=AOF^T/9D_9GGJ^?7= MEN"MFA(8>Q$>FFN]R3]$16AWD4>6)K3LT[I.2UZS0 M-'.TLVCTP$375$JDDH%^ O4K. "P(@C'(3QZGZ_>4RBX<)O M@[.RD?30P@ '9_L/&0ZNXP5QKSSH M9#KW\_ IA#=-\&PKC'?D=^4?DSCCW@,1>0%85,&%%W4O #0*X\]1#1T=P,_0 M 0$Z8'#ZD0UC#DOVQV"W;E6[YM9Y%6:^%Q4;Z!7YG:!QL:[;TP=M0X^%%,B< MGV)"Y0/1*8XB,THRZOI![/4..?^<%X_[ZC[&][F7'T-'A-"M.4LB*L1'I'). MHW]U,;(WWO;)/LC*B;(?#HG96A[RV+MY[S%VXW1 MODVAL4":+/D/H^@05(QQ7":Z02TSUM==C.6#8%GC)GM(YCXM6$ O@%L1QV;2 M%H_A%1A0YQ)0>?_=:04Z:_<"=2P])A.[/MI5K^\LGAK#B.0]1A_N2%$:VMD) #^R:)FZ;^S,M" M7W3X;<4O4 T+C$$!#37!S1 %Z+KGG>;Z.>=;?1;:C4QE^6)YAY]PO.,^LH=! M$&\JASEOJ] @F1U0ZJW)LO^!8YQZ$;'J\P *(66TG\,3EM2,+:?1_:\]L7>+ M[,)-$2^*Z;JH\,%V7#OT'J&CZL]Z85SLH^=ZUB9*MAAD*5^* B0-2 M'J@/6]?1[A*YD"UICX@&7H>:,D;2=$)ZUXK6O1"9B"HW1+A8FQO4/,MPGIV+ MBY 5@V957,KQ!M4BF?4%,M9D=X."F#OY]N%_\,T_>1$<4(K(*?%74G@]>H&+ M__.K,&1K:@GI#PTPLRJ 7$&"0O7%3Y^[3;C163;3L=!FFX6H'<.L2[Z6QLBI M?#)]XB4[E\./Y^#07Y$UL.ZESO R2VCU/ 2O9M(7JDE%1AQ0)^HVP*D7\)BI(Y0U#0$,I1)E$$ MD"IZ7;LY%EG.TCOK$K>YP78-UW4\]WVH&I4=2I()]+!KX:&Z5 4 '2 XMB\J MB^1(7I$YEH\Q-(;83&J15VHMHJWMG)WBB^]O 2YD)%@22S12#MC\B*H8[V)Y M%4*U#2A7EF1\ UY'PY,EJF<@.L7I+0]O':*X-GO-!BF(Y:TLAO:7T74_ MX?H$._BRO0/67AXJ$[_D?KT8C.AH1(:[NF85BJ1SF\Y8H($2S(E.!30 'GFK MX<)O@[-V8=%"RY%U/0;!('T;!NG+_W-D<(]#&A MVDJ<8R$7&^K#6 2#W7W$(FFT[31C>7;/SXU3O$*$PFW$J$&()"#A-#=CL;P( M(8$V#K);\NEAX@47@7UR["Q^@2J.^G3[E20P[@+LS7\4OGT05M M>=VSB%N!F41L(G;8 M-7;TE,IXX0#[K^P)2'%@5WP(XO38J+)*[AE>B3N6/ZTZDE=>59?.%/^U=Q5$ MK6[JT8MRRN=.!<-9!S_(R5FRW8^&\RJD")..]0BGAO[K?(2CR!R6Y(_!;OM7 MPN*[8+=N8T$#_^K7B4U[@ CV+MU3A^4'+^+G>U4C"Z]NANA@U\Y=GWP6?WF+ MM&O ^D=P\HT5]\2A7_X67!*]B 48L I(_2< XU;951>K%JL0,=E.XCBR;M9K>19;3W7XKTM7I74*V6&(]"Z)/5+K# M@4)XAR\J (#8T9_)B*NS2&6),9EC^-"PO'(Y9)'?KSTBX<4NSW(OALH11[LW M$^&PF'TIIT9RI=9X9C!#Q634F.WPH;.Z,#LW;C)FN+@!KU\Y'>6%F/+;L"D\ M#1OV*DS]0=CX!RS?WVUV45&E>YMB/Z1'/?)SA&F-PSAH7BEI2[H!'S41S%"- MHG@$T4 R4]8%%^>](S&,>6(\JC!LJE'?N8?0DD\6X2Q/0] .B.!I^MN'R30NZO+"1[8R-2>;Q0VWJ;000XV) M"Z]_&&K,G-PAJ$&;FF!Z;##.#OPABV)2&NTG66[0Z%_8?J ^\=6W@$"+6"YAT M\A%FH6H:*N:Y3DV3B*VM+Z*UN]W0+\H\H%M(5TAB89H-9V>O0* 21C?M?R*; M/&NE:KL]GT=V0]1EA[_BJ:"_IZT^/!\.R57]].+95IEDPDKLJ#H95C!0 PAJ MU)R?52_MFIDX#L2HL626++4Y-HF\D/KYR2AY(8?G.;_*O!!%YFCDA6BQVZVU MODW)T3T,*H-49C9![U5(/!-'GCC6NP19YWE!$+)(U.LEGDS$D*LP017>%_[2RQ[IFLJ)H '?O,11GE6_H5VU&JK P6#3.K51<]2@'H1^HL.< M=/(5BZ-=[K.W)H,+[1ZTFS#&U^1'07CG""IPP&(YQ:5/@5P;8"BB8YUUTY.+ MB:D:[45J-ZCIP;OW<>RE83)_#L?5CQ8BBU%^)@$\#2F'H)]@T#2L!4M 3,WH MK:_>.&NG4^U+0 MH^L" !0 !T;'@M,C Q-C Y,S!?<')E+GAM;.U]:W?;.)+V]_D5WNR7]SUS MW,ZE+TF?[MTC7\8(GOV_>/7_CXZ/SM!J?>O#H^LP M)K_U8_@ R,]",B[Y;_+[91RO?SXY>7Q\_,XG?XI]& &,DL@'F/[@Z/B8$#@J M:)Q%@%+X^>@3(?,!/1R]?'?TZO7/W[_]^8>71Q>W=T>O7[[Z,?OF+[\$,/Q\ M[V%P1"82XE]?E$@]W4?!=RA:G+Q^^?+-2?&'+[*__/F)_J#R]X]OTK]^]>[= MNY/TM]L_Q9#UAV385R?_>G]SZR_!RCN&(8Z]T*<$,/P9IS^\0;X7I] V\G7$ M_0OZ7\?%GQW3'QV_>GW\YM5W3WCV(@7N+T='OT0H %,P/THY_SG>K,&O+S!< MK0/*4/JS903FO[Z(@Z=C"N#+=V]>TA'^D_S@S^A/(BZ, CBCR)]Z 9W([1* M^,41'?CC]+HRA3CR0GP<)$]4?"?T+TZX YS89O'/B1>!,%Z"&/I>@%MS7!_/ MR@2NR2I;@=N8_'M%B&DQ71_C)%]%9CFEBSL"2Q!BLJPSDEK7 MEP%ZU&.R^)AP9H"O4P]#C.838NZ(@%)3(,T6ZUMCJGB%B(4G$_=!),]1Y2-S MRG9--HHP1A$$\FNW_(TI)9I2F(.++PE<*RW)^G=F5&<2H379/S<38IC(OC)3 MYXL_@AD.;U"XN /1ZAS7*++(^-20J2OM*JJP[7UI3NW*6XPR5'N?&H**8385>>./8,;%J5L" M;1-B3.=IL&&6!& \9]D"^;U!/(Q9%W:=VP%0$/')S@UQ3$XWY)0]1P$Y<)&= M0&T&6H.;7%#A(B8&9%88$"734_W2I,NW6J.0;O9H'H*8 31#/KKS++X""OR M*CN>N1")%_A)D!YVT3P@EH>0Q%O+(\^W>!A#AWN.\6EMO0PZM?LQA',0>U A M2B88PI1-*\<55-EC?6L,OIIM5.6-\[G!4R_/T5+EM'$@LX:S\+Q4V61]:TS8 M)?=+&;[]3PVY2&7G2QVM_6\-+@WV@5Q]C8C',65C&+96V1+RAS#FW=6.[*HL M\KYOK8WGR$_HI$?$-I!C>[RY#NF>'HH)&X-V#X-<7"3Y>>-[ZS^UMRWA^"4,R&O2" M"<*0\CNZQS&]_JQBF;.7WNG-/7R?7NSEPYU0D$] $./B)RGLQR]?Y?=[_ZE$ M]Z3EG'+WQ2+W._^F%:-$,\ U^2>VRNR.RF[[JZGH**KR[T5^P1+YYYY^5B]V M\[\X6:?WC4L\# >SV]CY'\>/4&[ MDM@CMMW'',NCLF*8R._C5!7";AYJ@BB/>XY6'@QM2(!!I3=K@:>!93&P4,KQ M?[G%7VL= !K;&9%CT1Q$$9BE%-Z#U3V(K*P$ ;G"^1B .(2HU=>%OEA.NQ4+ MF]S@Q,)!+1?+ZU9B*;BA!\MXLPLK6=\YF 1W_D>_]PXV6G6!:$FD-K2]'81- M:.M]N!2 2!G+\N!@5=U'M/;P+$<2$CWHRF(UD1R48!KQ8_F[_5[RI9--SOR; M-H9WA#$@^%D\F-8H],.T[IT/RUC7,2FMXZ-UH48W&8Y MD%@)G<@1=NML"E6Y8K#E4#0A9JTEF64EX2GP 6&.V.H/(,ZG965EBNBY/F=+ M"U6,6FD+UE^R.L(L4C V'X 5X57&'\CZJV)2.DATNLR(K[;VX.SBB>81 &(/ MQO$21)5)V!"8#%G'<45I04I!6'(@6^R6[9T;ZT[-@&PE4T+?JTLH1K$7W+2S MD)5;_U'IUC]5)CM+4$BQ%ZM/O.S$B#G;[,2,D1TZ627I1?LY('SY,+^X[5K" M/$;ZL7[U)<\%V, 6:UX=+#E$S42'+N:RUZ2QJU9MME&Y7D4(6PFD-U .Z6.(:LTW,P40,Z09Z]S" ,4WK"K/+]R4*"$;$I M3;LOV:)">K:<^)MZ.U=!Q>>-4IN M79AFM6;==M;!MUH488L,DZS MMM1DQT3)Q(YH:D_L9B]T?H17E!I_J;4.I+<6W.Y(TY$_PR#8EQ78QJ=AX>CL M1C0]LI:-10>G>@ZYWK@W?$7?.^SSD--W<]K%NA!WLZ@97UL,1M5AT!ERMMA*T++?!2LMD+J#F$\TN0[?B8&T? M)*CL"-N.V&HG!I0?QEE[IL(BX_@MF(KPF"@Y?&V$5BL4VI78'@VW5UXJTMJ' MQX"GJQ5\G,/'@[#H\\]:0V&(KH5<.*=<'%C7)<0$S8B'U\CQBCSK M%UX4PG"!*REA<^A#2_D=C50'9#UE,#3S&*5EIF5Z_F$T(J&E\CZ >#R_\YXL M)U1*L>"Z=HC2DE:%UT3*K8X>W$7 PTFTL;NM,J@,RT2S8-+(;GV7B2P$"ZH9 MK?-;]^?0S;%D8,)CP60JF]5.@I"+Q"#G]M5$/I#IJ,XO)_7:FWG1T,Y**G0>*G1*:>"A0F=OQ7&HT-ECL1PJ=/9M[SA4 MZ+0J@$.%SD.%SKXM^1O#%3II@S)Z!+Y$T3E*[N-Y$NQ75+.9TZ_$0%_<>F'H M1!%35T\WJBMBXD7C*)W?+(VZ[MH(FY>Y).7>'"2$TI:%T>'3CBJ+*3]XE,1+ M%,&ON]B9/0GO41S$,FY"S6']PCV^KC%.NI-D3JT7.Z:R" NHC-P(FY+?.(DQ M[7P'PT570BR3'*8D*Z YJZ14Y>P&$M=TEI?KH;\ Q _H*.U-0'N !E>$I'ZY MHW:FMY3YU:6_)$-V$!*6PD__PMB8<+MPD43D>A(:E)4EUS=J4S5)]]JCSI8] MUXA':ACG%BY0#JL@[?%DV2\2TANH&%E>4[R,[($OBT2+[3-0FT@FYD8 M/%*MTL\."1C]3L!HT"_YG(N6N-_Z(/0BB*S?FU4(]>+\V!P[KX)C(-S1Z ML6Z%[LT^+$:>Q6FM=B\ ..?'4EGC.@G'*YNGDY7U4$?%826Y,B^W('J /L = M2*I,RK4?HBJR"DS.JN447-LT>H,0S0X(_=LE$\\FSA".Q_.<&YM;$IM0__',2JNB^J$K0.-RA,EX*HVM/2EL*3KUI11'M M8'%7.:K"LG6#YWQ/4I30%A>WNU/:/&<2H;F=U_'EX?N_$U7 <"P7$(+("VC; MFMD*AI"J4PP?0-XGTHJL&D@.0'Y-H&DDJAA^_3Q> \I3N-B]I[74<,"%BQQ657)]&7$*104'NX&*TKH".I2Q0!N BS5&!_J*E((%YF MSW5I 54K&V,C4=>^I^3VV R>F603[8CC#? PN/?\SR7%RY/[)R"":$:G, 4^ M6H2VT#V=V0G /@]#%$$XTWA$A#ONSI* M]L+L/8B7B/SF@?P)A<6*V]LE^T-(+.Q4G$6D2:>B?+V*30OE);/(EU->"=N> MHNV3&H8CP 6J$*%*M-"H_?D 8KL'XRJ!88BK!DHAI-:1*:VW['EAR"+'_-3# MT"G/K6495C4K;7>\:5ST69!LK?"/:Q.RY MH&':V@=_&,S9U ,1N2%$WX5PF4LO8\?S8BBKC[:$] YO MBK^-, Y7TPX/B_MPSCX$;0Y!FQX';:CUF$3H 9)M\W3S$=.Z&MNLU1'Q\1^R M/B\6=S$-+OJB?4W1'V5T715\_<;"=_J*;R6\%X,(@YM6 AS-_IWDF2MWB":] MA3X,0(7#.]2#Q6Z%3Z?FVXPNV9&?L[CA.2#D?.CE,:+1"D4Q_)K^IPVM$I%S M>[*VN2[+^B,$W''=A4,6=&_5IDT>M7Y2W5UEO]-]-T%!&(=T!N,Y@8%,/-Y, M B]K ;%.:\)9T"1)RJX]G*X42%80&N%!HXF8AXLYA_<4=X= M/KJKDO]6M$9))!K/:HWH3]G5&L_S!S XK;I*+TP 89G^2O[QC^* CF,AMG5! M%5X#]=]5I'_JS:CYRLG3^3^ :",A9LAAWSK08$5O"ELV\3;=[P\%4=?'1EL;Q!94_;YMM1LX@V*/$L("].YA MD#I G4F^3O>9>09[L+:HJF5CP1=6:D*S)5%(:R1V)'LFY>>V]-GPMB[:U?YB M0OXVF%6]PFUZ#9,CMV=/8XD:K81B*K?9H$)EE4I7+HA^DM)YLJ\60P.TS"(BYP'\$;^EP1&(#TS52YK MR4'*ZL6Y*@N]W'@4=449]M91CY:7H'L,NU61;TP[FA7#6?[$!2;8/)Z#-<*0 MAF2#U%U&!<=IWQ@;*B%%=_B;BAR\1OK2FSKA3LG\(NCGS^:Z.=O6:#X'(] , M;.O$AEI$T_(QQ/&Y5I:CYZ [;86BGRMA[5Q["4,O]%V?:T5<#/E<*T17/\K1 M[EQ;G)EH,58Z*3R>GQ'*=@J=\HDYEJO^>JBXE'PLW=7=*#-%.\F3"8'Q_ :% M"[(SK6PEWTI0[>.[H18"YV'K[!50F;G)EO.SB&=8SC#DX*1-!UW%,ZR'P!B@]*?V(P1 MJ;#1P_B ZK+7 =]@1KS6D^1*YO9VPNE=;5HL&F?I&S:T1)KVL_#ZY)$VD!W? MWGRD.>#E)T#6LB.:B3X3KZ 97(TD>[.9LSL>JPIJ5^XU6L_ 1^#CJ)$4;]A' MD)^AXRBA+$>]C!(J*DQ;H>BWS3+0GF,^!WX\GE\\^6F'J2E1TW%(IT/KUI/_ MHU=D#UX +/D12O3[445*&!=4P]/ ?9-664XF.^P"I#:$KD1_ $)7P]-E>UHV MIR-BOZ)H0\S2;UY@J?6Z%.%!%&F5@U#_(+!.]88P$\6M_04I9O]\Z5CBST/F M%$;]E[:9U"_"]C[B;;)>!^FRNKE MBV3M%B<>M%+0J3+^$.QR%1 CK6C;-94$V)YLJB0&<6.^AXM&ZUK674IWEGO=,R!K6ZLH3T7!_8)01:]3I%V!E+V>MN M44S3$^GNX8JB[:Y]SEX+S'IJO"^5U;HV$$>597APKY4-<%)-Y$]WB#:Y\H+* M*[^@TD].9C_)LFFFFXFVR>/B#=Z1^5:B[S02)RW[6H*F KQ#.[!4DA*U#RST MZVX<'@ZE%GT-[KM:)SQ2KCTWLE^O5$LLP!3&, M0-4TV%P+*N3;["\94D5=M@DB0VY)G8(0S&%G 39M7EQF#&NH264#TL;?R++L M>#O"-(_A=DE U=^.+KPHA.%B.Y+-1)L)(#Q4=L M>"L@2]E;@- OPE#:>],*9D6>:29!>=3.=B<%!O3O/Z7H6%U$BAPXWHK4M:+6 M,EH)[2'&',K/\$KUH+#FY2MO.)N+KY&F]H&)-W)':TV%O.N#E:S@JP\&%> = MX+'K-,'T%3N^!8O4 _9B3W-9Y2-,P9J^E0H75O/,>+2TKS)K W:T>F3(ND[N M:1!KY4)2!L7AN8#TGA5\2(LAKP9-5/4$!I/[EZ2;]UT9[.>P/:;4Q,I^:=H6EQ]*@$0K) M/_TL;2-#)OM?JPM%F0?73EBST*M/ZU0A-K6R-*[]((JR-S]3X <>QG ._0S: M;8.G3W59K=^!IXB)5!UJ3PIEKH.(EG* MO$)V?['-RYC25,]O,''*3;K4LTR2&K!U+Z=&E5VC;RQ#:K=]TY&O0S)>LK(? MD&FFZG25R"=-R> WR'UFET#5]N#P;>11[13A RCR=M)"3UV>+,2DG2ZIEFE2 MTO .;Q_:Y42UWH<&G1JU$W%]:/I4VD\K(P8);9#0X8I28V5 :57:: _OLH%Q M*[U;:=_>Y?16\/6A2P5)3C?Y+SM:9FJLN+ZU4[G$UD5[>,NL'FM6CD64!E ( MD[&^:M4Y*8]B3KW']UX,(N@%F/@J\4^^8[!+_]Q?'ST/Y_>__;] M__[/O_QU\O1[^,.[V=>?'A:_;\*/Y\GCU4_1NY_^\?K?'^\V./CIP?_Z,OA[ M_-=7OWUY\W6Y_!C,S\'D9/K/CU\__@'?>7^?S;_\_J-_]=?O_W7U^G(Z"K]^ M?CN_^_OCQ5OOW8^?3G[[[7+YQ^KMUWF>G7G_XBN7SU].;V:C3^#M^=/ M/ZYN/_YM_'$2+G]\_#A>/_[P1WAV]>;U_?GR M;'+]=GKUP[^__\G_&/WKXN*O=^>/?[^__ W^#=___N\0/4O,8;=H'L6\)TH=M MG5ZV9!0=V6!I,4E=L>3@.6T')N!LY/O)*DFSVL\!8 IJ+9<350*TY+5KRNV&;)^G"6&>WM 1,M>K=80> MLC<+[\'JWL[!2H)J/[/8Q#*3 ;-N*=5LY7N/9)< MN5$L=S(VM,$8;SVU9$*U,2<8_;BR$K#B6WGHQ(^T0B8 >BU$1P M1O8T&(\6$0"K$,13\(""!Q@N;I 72L563I BZ6U&<6$Q#YZ;:Z@N1L<8;"!^)90F),;T$(472; MW!-.84@/'A]0#/!Y HB@7DL+T2P]EX5,FP1N&-D6:74M @$?B'M%YO W+YCG M_)?Y)%,G/TDB=370&[??^YLF5BV:H]=7OHID"P-4+O>$MB!GVR>J< M28N@:82>+X1& /2[?#-70W^/A-S81?V>I&T(RG;HR?'^V! #JA\!=ZB8N^-H M+:*\+)AM215D>K0\I.6UA $Y+C=@)N LI.O)SU,56W?/%*#JKJ;O/V,73&OCD MJ#(%Y/08CM-R1R.,06SI=D6!OI/MR[3@1?AJ;''O,C4(P8*>+]OZ)OOLEJ_U MQ_,K#X:8EN>Q\XI8A;RKXZ=I?1 K+%GL ML>?-'?M.7N#3?"$R'IH'1)^)]X2W];Q47_F61AO/R]7!5%REQC&TUPF1W37Q M!U> #CMZ\&"0UH="M'48"F]CY'^F2: $@:R.E,74$%U67*TB6<%66Q9HPNWN MP7"%9>MR=QZ:;;D@N,)N(\('$-VC]M&;24$TG079O),PIHG3^4_/X0.<$6N) MKPG6$? B2YG)JDPXC?P85 <-^$UUJ+"]+?1@.W <9K)E-F2P;Y$04?&S=!3E M$Z!W]V V(C;*6X /";T1&<_3C1"/DQC3!^.6:RHJ\^#L_*7C,J@C[*I^A(C3 M$J.U@J1=:X2 $Z<[C>Y*DM45D03,5%EN7=^X \UH(NDB34K++#1B9SA-SGU] M7\7+"L8P"D=NT=>:VJY8.]9^A1!Y-G1GS">P=Q%GL\@RDZZ+E2ZADRVJ#;/> M1VB)C::ZI"^$J^QB6X\DQ 2=[LHM%FU%DF)(#<@LURAK[RBJ!%Q'::14E-%] MVL0#BG.X@.38-(G0+/'C6R\ S+H"S&V%_ZU;+9>%4S!W5V\EJBRE90N(&_2> MB)FX'E[H TWA\$<:C/)+0V/05]0Q7K14%@K@+ 4QW9UM[30<2GTI8M%JC^&A MN%?#PHR([&TU7%J..QZ)E%0L",ZVHR.(\9H<[:EN%(O>7DT;'BG7]D]>$ERP MVCM<9R@BBY08X@\HS$>W)PD^,<>I\RJ+@HL7.WE\N(98[MC+KJ&DIH13\ #" MA-=?Q8SN[=%P^9)0):)0%LD^4(Y"G@4C-B7EW$#SU)(E$8<)I-O=H73=9G$A MB<@YMGN:JTH(H*M;* 93'4G3K7\JHN/.> M;(A6A;SKW5%7[DH0NZF!4+!:2@4?AQ=/=)8)Q,NT#\+SL[XYW]X9"$Q9N[1AD'T6ZMYVL5+M\EF>(9"LE\$C*E MW"=$8;Z39']']A. W\,013#>%,X'+;=>&856TJ3U0>(EFM$N=SA. VYV_+CN MV!_FP:Q3 ;>H?K'7Q5!3E MGNB*D?W*Y-W 'MW1]$6,Z&N([;CG(/9@@)7[CA? G$/L!P@GY$14]&&W&=X3 MD>L>SRM$5(@8?A]$)2"UXFG1P@OS1[Z5ZQZR0Y3%-9Y?0II4 +U@FZ!@-YYJ MA#'5C8/=7#-I6OV;/<0.S>U=*'#T5(% M:XVCI,IM\#8.$&L?_S^AZ#-EVUO3W&5:;<:OQW.8]H']77^TG(D\9[*N MJ:%80RY4^G?K[5;GMD!7&$?P/DGC^#8$QZ33M*^(7@/0[A* M5E/P)8%1ZLWO.#S=7*S6 =K(/5/2';KG(M2'3/]J6V]![CB%127$V0Q2MKR@ MS.3H'CT P224A-V25)]W3W-XZO=(:%V,]CXFT_"2("X?^K(J3W9<)A%!)YFH MZLZ2$#/]>^6J++N[=)G2T8)M3]'R!99BQXW*. IE*WA?*NLU>RJR-QVBKQ4C M[>RA5.XZFD9PM"TV"#EK/"(0@IE&C K=X3MI+5PBVP^Y--UP2 %H659V+T!D MR#I.I5?08BG9\:]*6I@NA79)K.^&!3%G[L:N)/IJ%AJW*Q.=DLI][.WXEJ7Q MW=R@2&[[57>RC(JQ@LG=N8^5)>:5EIBV(]FX>&WFYS03U=@+FS"2]5#EQE$T M^$V#JGBM\F/U=6-@>;22XJO[2P?/UH3$E-;.P<<]^+@*;RMZ'S)/"#$&' M=0%XC%U%M%!RA'P :,L$^AZ)%L7+U;4H1EU-TF'/'[3 MGV7O825\;IE1G 0?M&0IA8FQWJ;&%O8H#!,OR,[_$V]C[16I$OWA2%T/7@,I M+5K>?L[ )8J*UNKG8(TPM"-R$;E^.E9"$0O1ZS[EI4GS:)O ?NS7#9P\G\7> M!+F!Q!FC[GK. 2U=D7H:G?KN>\2?C=?&P-59HLRA5(Q[?9"I$Z.1=L-H4WBX MWK(@5N9%ETJU!M<7733;ZR[/]FKW.#T=8?OPWNKS?C8E93O(F+OLG17W4XVU MQAA+Y79*^+G; *Q8)>@ZXHM@[PY#ZXD%67\POO1\&,!X8ZV3P3X55X'')I6N M/*I@@&/FYJ@ZLL7N!"PZKLNPVS.P4!/2=_,0CGG0YQ&EIRQ61<^/SJ.R\0K",] CB4+"W%8L).K5#$JHI M(1P#?8-.+Z]'BP@ I0QDQD=NG7I).%F3-74A:7!%X---^3<=VRL6]<&:+R:4 M]=8ZK677C0GK26]-=:7ER:E]>MF9%P40!V!7/,-%L)3,5_"0GC?'PKA'0KA-9NS0R&\017"VYZH=^S2^=KL$LDBU&\3%=RUN1=0L'7?5XIPEF[;?Y3Y)Y9[$1< M)^$XXB]KUO:0*>5;Z:9.)?<8?$D(@Q6ZXVC]00KAFY,%4EH'O:80QO MS^_F$W.\#!ITL4$>1N\?:^/;LT1L0D[[4FE+@7L)V<^U+4Y9*24T:A^ER6C% M!>WV2M![HM7&3E$4H<>L4BOY3;RQ_D=D,F:ZARZE9"U%DC:#J=ZQ#' M49)%U;(.6%/B_::=)6:Y5TQVQ.F%TI=!4X#E8Y-+?4\*];94N?2 M'^Q2YR-JY-F9,<$CLAMZ9.LDT[43M&XDVJ-]5UW*5?A<54=FL78.'^ ,A+,I ML3\1]*U53):FW9^;"F4QL[%T]\SL&ZYDKBK.IDKFG15.9GL([[TXH:U';55K M$%!S<7!KYTY5P3+RC$NW\VKFU^7*E._U-N3'H30,9Y@'DX'JQFHER\M*5*J\ MG//%.^)PBI)+#];G!::"B9%75JH"NWCRTR;B%YZ_G$0P].':"[+RV./Y.((+ M&-*F,;L_E"ERH3EPW_947I]F GR%9#4B,J:>?;,.G5- +XD(O\ZB<@(.^NS; MZ():Z$'7E8"JOACA%-AMG<*DU>OMLAFI0G8.@C$UIJ+TEM'?C.=9C0GH,S=0 M*^+DTQY(\$T>RT+@K>(WFA(OKUSYD71AM89ROWN;1*, MS<0@!2X&H@4Z^!;Z8" )E ::PZAE'Z&JR; M(B$JY%L5R*ETRML!> .]>[K%0X MQN-4R+M^S*2A$()^KF*D'5;)E>'S PI] MMTI1XL!EQE0'.E'&VD0S9Q-*03B\>%H#/ZYUTKPNZH%=DNE[P>_ LY(YUX*; MYV5$E.3@L%7T/MM2/6MM:8N@J^WS48RF%K>MLBH4XZ"'!L9FI-VZKW'+\[RF MV ^MC3O1"4,=CUN6\.VR]B/&$Q#=+@FT[6H_7G@1#6)N1[-YL./24KU>8DQ? MOOPCYU.M\H][8^U%(]18V7WN]K%CDU9D+PEX0J@^A3@\T%(,<8EU6^6!5LMB MD(<'6H<'6L__@9:B"&CTF+HF9X&'\7A^&R/_LS7;Q"7F+/ZN8)SX2+4H2;!U M&4N#6BQ3NT_%=1BE40$K.N6&UH*GSXJ6:U12/X36[=03(*.4@$T;!0;KVH)/*WC575<>Y:*31([1%=ZE*H#<[A"SP-7Q,&*)2+FI7>T03R4&MA4;\JBY4 M+XVL.#QBH&I?\9BN>(I%7_.< S\@]&;GWN8]"N/E*)Q9NXM3(-^C:,)>B*IR MF:("J8FK>AVY5U?$CN7M/#-^;0$S5>6Y9\F,UVN,$S#[2 ZDV1]B2PU#==@8 M@ORUX#50N"!7A^Z23G@-%\H/#DSV=[&9BM)(4_G(TH".;'Z*U##J]S8-P^XI MN#Z'-Y44EMYU!V%ELLB)KGU6RZ&1D5!T*BNH95,C0T(\=#1RU-$HI1\#?RG? M(++V12^-DQC*O4F;[LC1X[4NOW^Q+D:,F.GLJ2@YN95^UJ&=9I)W91-4W0F9 M%II,>,V\!E3RE-#&"VAY!Q_ !^6B7J*O71QF= 0E1,#(54#'!Y?3!)-Y8GP+ M%NFC B_VVIY9\J&F8(TB6@G&YEF%2TOU_HR/@^SII&D$]>7&'U'E3"(SBM,= MOTE?TKZK3>(QE)A!UW*43GX*\>?3S2D(_>7*BZREL3;2=..#2"Z'6JRG ;WV M!XQ]&@4%BWFN333=)EG**JU85'48]Q)A]78"+P!X"AY F( /P&9./I.0VV=[ MZF+AP+67G-\J^_4*H$7DK9?0]P+KF:][Q!SEYFN8,P%@1GK9YZR41[?X@(A+ MS/4#HB:UK*:(QE._=.)5E>JXB M5YKR%&-G)BC2:4RD]DBRM;+BW5M<&!038>(OQ<^8S.&4TE$-(X M1(_>\#+O8L4",?.&MUK(UUK48Y^**Z,GH^45:\< R,@)K=8,R5X\@T7'=>$C MKM;QH3?R9O?T\GJTB$#J1$L? 1@?.8X!">%CS='8*>!0P<2JM6FJ8M(R!G$H M8G(H8G(H8G(H8J)OGQH+F;0(KASJF!SJF/3!O;)=QZ2'Z[OYN%U[HZZI8]]N M5Q;9@(929Y;#<_.>/#?7D6X'3\X-'-Z^^6?G6@O7\M/SSD/DY\A/;= HG%V$ M,8PWU^$<1:N4@$:<7#0<.U;.+O@L,XRZ0S0#\,]LO"E80#I,&'_P5H)6TACX MWRW0PPGYDJKZ]_0?E-WO2QK.'=6)P5*1 -5L/B;MCF%TW+O(HZ]#;S>K>Q2T M![DZG!NCH0-O#89ZQ$<5U8(%>K)N#VIE-!=Q QU$JQ!4#ZC*>.[UTK@(9^(& M\[+8'6XXVV(-AE*U *UM M<3O<./H'$/195K35 MM6$=1=!;6.:D..CS? MKP9*@?3KMM;\$PB"?X3H,;P%'D8AF*5%?00W1&JP\X8?G@"X0!6B>*,OBH*K MK(&WL8,H>]@!F1D.+N4^]CIFIAAV=[B])#\Q8-=Y P]G0^5"4VXEK[>75H?. M1&H%]_+0@_'9!>B4N[:?"+KQ_7)"1[SW,*#_]7]02P$"% ,4 " #DAFI) M6?3[^6UV !ZO0@ $ @ $ =&QX+3(P,38P.3,P+GAM M;%!+ 0(4 Q0 ( .2&:DD?4*-V5 T )># 0 " 9MV M !T;'@M,C Q-C Y,S N>'-D4$L! A0#% @ Y(9J27_$#M(T#@ #KT M !0 ( !'80 '1L>"TR,#$V,#DS,%]C86PN>&UL4$L! A0# M% @ Y(9J213:M]9:+0 Q^<" !0 ( !@Y( '1L>"TR M,#$V,#DS,%]D968N>&UL4$L! A0#% @ Y(9J27[Q[:/J2 9Y(# !0 M ( !#\ '1L>"TR,#$V,#DS,%]L86(N>&UL4$L! A0#% M @ Y(9J2>&NG4^U+0 H^L" !0 ( !*PD! '1L>"TR,#$V B,#DS,%]P&UL4$L%!@ & 8 A $ !(W 0 $! end