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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net Income $ 2,886 $ 1,150
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income tax provision 635 334
Equity income from foreign joint ventures' operations (2,706) (1,825)
Depreciation and amortization 387 467
Stock based compensation 340 215
Provision for bad debt 66 60
Allowance for obsolete inventory 64 17
Loss (gain) on sale of property, plant and equipment 6 (17)
Deferred compensation costs 52 3
Change in operating assets and liabilities:    
Accounts receivable 1,054 1,254
Income taxes payable 5  
Inventories (1,244) 177
Costs and estimated earnings in excess of billings on uncompleted contracts (1,950) (423)
Accounts payable and accrued liabilities 1,597 (2,818)
Billings in excess of costs and estimated earnings on uncompleted contracts 645 (695)
Prepaid expenses and other current assets (112) 10
Net cash provided by (used in) operating activities 1,725 (2,091)
Cash flows from investing activities:    
Purchases of property, plant and equipment and other assets (550) (300)
Proceeds from disposal of property, plant and equipment   17
Repayments of advances and dividends from foreign joint ventures' operations 106 907
Purchase of intangible assets   (104)
Net cash (used in) provided by investing activities (444) 520
Cash flows from financing activities:    
Proceeds from issuance of common stock 14 17
Proceeds from sale of preferred stock and warrants   4,961
Treasury stock purchase, in accordance with the employee stock incentive plan (146) (92)
Preferred stock cash dividend (150) (41)
Capital lease obligation payment (54) (57)
Principal payments on short-term notes payable   (21)
Principal payments on revolving credit facility   (3,000)
Net cash (used in) provided by financing activities (336) 1,767
Net increase in cash and cash equivalents 945 196
Cash and cash equivalents, beginning of period 4,477 3,749
Cash and cash equivalents, end of quarter 5,422 3,945
Supplemental disclosures of cash flow information:    
Interest paid 15 76
Income taxes paid 28   
Non-cash investing and financing activities:    
Common stock issuance to acquire intangible assets    219
Dividend accrued from foreign joint venture 1,212  
BOMAY [Member]
   
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Equity income from foreign joint ventures' operations (1,648)  
Non-cash investing and financing activities:    
Dividend accrued from foreign joint venture $ 1,189