XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 431,000 $ 723,000
Receivables, net 2,429,000 2,271,000
Inventories 2,062,000 2,201,000
Prepaids and other assets 519,000 417,000
Total current assets 5,441,000 5,612,000
Long-term assets:    
Rental equipment, net 1,204,000 1,310,000
Property, plant and equipment, net 2,128,000 2,180,000
Right of use assets 1,373,000
Goodwill 744,000 744,000
Restricted cash 900,000 900,000
Other assets 720,000 720,000
Total long-term assets 7,069,000 5,854,000
TOTAL ASSETS 12,510,000 11,466,000
Current liabilities:    
Accounts payable 3,197,000 3,728,000
Accrued liabilities 6,751,000 6,332,000
Current portion of long-term debt 1,094,000 2,584,000
Current portion of long-term debt - related party 1,000,000 1,000,000
Current lease liabilities 353,000
Customer deposits 246,000 432,000
Total current liabilities 12,641,000 14,076,000
Long-term liabilities:    
Long-term debt, less current portion 1,482,000 1,446,000
Long-term lease liabilities 1,054,000
Deferred pension liability and other 3,641,000 3,708,000
Total long-term liabilities 6,177,000 5,154,000
Total liabilities 18,818,000 19,230,000
Stockholders' deficit:    
Preferred Stock Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2019 and 2018 and Preferred Stock Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 648 in 2019 and 16,512 in 2018 (liquidation preference $141,000) 130,000 3,302,000
Common Stock - $0.001 par value - 30,000,000 shares authorized; shares issued: 7,301,069 in 2019 and 3,652,813 in 2018; shares outstanding: 7,273,229 in 2019 and 3,624,973 in 2018 7,000 4,000
Additional paid-in-capital 35,238,000 30,069,000
Accumulated deficit (32,278,000) (31,682,000)
Accumulated other comprehensive loss (6,342,000) (6,394,000)
Treasury stock - at cost - 27,840 common shares in 2019 and 2018 (3,063,000) (3,063,000)
Total stockholders' deficit (6,308,000) (7,764,000)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 12,510,000 11,466,000
Convertible Preferred Stock [Member] | Series A Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Stock Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2019 and 2018 and Preferred Stock Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 648 in 2019 and 16,512 in 2018 (liquidation preference $141,000)
Convertible Preferred Stock [Member] | Series B Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Stock Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2019 and 2018 and Preferred Stock Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 648 in 2019 and 16,512 in 2018 (liquidation preference $141,000) $ 130,000 $ 3,302,000