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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,384 $ 4,148
Accounts receivable-trade, net of allowance of $315 and $327 at September 30, 2014 and December 31, 2013 10,917 10,462
Inventories, net of allowance of $65 and $40 at September 30, 2014 and December 31, 2013 3,781 3,184
Cost and estimated earnings in excess of billings on uncompleted contracts 4,960 5,312
Prepaid expenses and other current assets 438 376
Current assets held for sale 0 3,113
Total current assets 22,480 26,595
Property, plant and equipment, net 8,535 4,077
Advances to and investments in foreign joint ventures 11,812 13,033
Other assets 45 126
Long-term assets held for sale 650 2,005
Total assets 43,522 45,836
Current liabilities:    
Accounts payable 7,897 5,327
Accrued payroll and benefits 956 1,911
Other accrued expenses 414 397
Billings in excess of costs and estimated earnings on uncompleted contracts 2,535 3,021
Short-term notes payable 0 0
Other current liabilities 12 121
Current liabilities held for sale 0 536
Total current liabilities 11,814 11,313
Notes payable 500 500
Deferred income taxes 3,424 3,541
Deferred compensation 270 211
Total liabilities 16,008 15,565
Convertible preferred stock:    
Redeemable convertible preferred stock, Series A, net of discount of $731 at September 30, 2014 and $764 at December 31, 2013; $0.001 par value, 1,000,000 shares authorized, issued and outstanding at September 30, 2014 and December 31, 2013 4,269 4,236
Stockholders’ equity:    
Common stock; $0.001 par value, 50,000,000 shares authorized, 8,184,188 and 8,008,759 shares issued and outstanding at September 30, 2014 and December 31, 2013 8 8
Treasury stock, at cost (108,976 shares at September 30, 2014 and 49,863 shares at December 31, 2013) (704) (238)
Additional paid-in capital 11,207 10,494
Accumulated other comprehensive income 951 983
Retained earnings; including accumulated statutory reserves in equity method investments of $1,857 at September 30, 2014 and December 31, 2013 11,783 14,788
Total stockholders’ equity 23,245 26,035
Total liabilities and stockholders’ equity $ 43,522 $ 45,836