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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 4,148 $ 4,477
Accounts receivable-trade, net of allowance of $288 and $225 at December 31, 2013 and December 31, 2012 11,480 9,731
Inventories, net 5,216 5,616
Cost and estimated earnings in excess of billings on uncompleted contracts 5,312 2,205
Prepaid expenses and other current assets 439 318
Total current assets 26,595 22,347
Property, plant and equipment, net 6,040 4,922
Advances to and investments in foreign joint ventures 13,033 11,408
Other assets 168 297
Total assets 45,836 38,974
Current liabilities:    
Accounts payable 5,850 4,438
Accrued payroll and benefits 1,911 1,519
Other accrued expenses 411 513
Billings in excess of costs and estimated earnings on uncompleted contracts 3,021 3,576
Short-term notes payable   54
Other current liabilities 120 9
Total current liabilities 11,313 10,109
Notes payable 500 500
Deferred income taxes 3,541 3,058
Deferred compensation 211 122
Total liabilities 15,565 13,789
Commitments and contingencies (see note 15)      
Convertible preferred stock:    
Redeemable convertible preferred stock, Series A, net of discount of $764 at December 31, 2013 and $806 at December 31, 2012; $0.001 par value, 1,000,000 shares authorized, issued and outstanding at December 31, 2013, and 2012 4,236 4,194
Stockholders’ equity:    
Common stock; $0.001 par value, 50,000,000 shares authorized, 8,008,759 and 7,919,032 shares issued and outstanding at December 31, 2013 and December 31, 2012 8 8
Treasury stock, at cost (49,863 shares at December 31, 2013 and 20,222 shares at December 31, 2012) (238) (92)
Additional paid-in capital 10,494 9,597
Accumulated other comprehensive income 983 900
Retained earnings; including accumulated statutory reserves in equity method investments of $1,857 and $1,620 at December 31, 2013 and December 31, 2012 14,788 10,578
Total stockholders’ equity 26,035 20,991
Total liabilities, preferred stock and stockholders’ equity $ 45,836 $ 38,974