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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,725 $ 4,148
Accounts receivable-trade, net of allowance of $342 and $288 at March 31, 2014 and December 31, 2013 12,932 11,480
Inventories, net of allowance of $199 and $237 at March 31, 2014 and December 31, 2013 6,093 5,216
Cost and estimated earnings in excess of billings on uncompleted contracts 5,204 5,312
Prepaid expenses and other current assets 532 439
Total current assets 26,486 26,595
Property, plant and equipment, net 7,501 6,040
Advances to and investments in foreign joint ventures 12,825 13,033
Other assets 136 168
Total assets 46,948 45,836
Current liabilities:    
Accounts payable 7,960 5,850
Accrued payroll and benefits 1,179 1,911
Other accrued expenses 229 411
Billings in excess of costs and estimated earnings on uncompleted contracts 1,508 3,021
Short-term notes payable 0   
Other current liabilities 70 120
Total current liabilities 10,946 11,313
Notes payable 1,500 500
Deferred income taxes 3,592 3,541
Deferred compensation 230 211
Total liabilities 16,268 15,565
Convertible preferred stock:    
Redeemable convertible preferred stock, Series A, net of discount of $753 at March 31, 2014 and $764 at December 31, 2013; $0.001 par value, 1,000,000 shares authorized, issued and outstanding at March 31, 2014 and December 31, 2013 4,247 4,236
Stockholders’ equity:    
Common stock; $0.001 par value, 50,000,000 shares authorized, 8,176,083 and 8,008,759 shares issued and outstanding at March 31, 2014 and December 31, 2013 8 8
Treasury stock, at cost (108,976 shares at March 31, 2014 and 49,863 shares at December 31, 2013) (704) (238)
Additional paid-in capital 10,767 10,494
Accumulated other comprehensive income 1,080 983
Retained earnings; including accumulated statutory reserves in equity method investments of $1,857 at March 31, 2014 and December 31, 2013 15,282 14,788
Total stockholders’ equity 26,433 26,035
Total liabilities and stockholders’ equity $ 46,948 $ 45,836