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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 9,168 $ 3,550
Accounts receivable-trade, net of allowance of $204 and $315 at September 30, 2015 and December 31, 2014 8,017 11,877
Inventories, net of allowance of $120 and $73 at September 30, 2015 and December 31, 2014 1,470 2,769
Cost and estimated earnings in excess of billings on uncompleted contracts 2,846 2,989
Prepaid expenses and other current assets 286 750
Total current assets 21,787 21,935
Property, plant and equipment, net 8,135 8,373
Advances to and investments in foreign joint ventures 11,191 12,054
Intangibles 218 236
Other assets 311 6
Long-term assets held for sale 650 650
Total assets 42,292 43,254
Current liabilities:    
Accounts payable 4,695 6,447
Accrued payroll and benefits 877 1,145
Other accrued expenses 888 640
Billings in excess of costs and estimated earnings on uncompleted contracts 1,014 1,983
Revolving line of credit 1,500  
Current portion of long-term note payable 267 222
Other current liabilities 95 150
Total current liabilities 9,336 10,587
Long-term note payable 3,578 3,778
Deferred compensation 301 290
Deferred income taxes 2,879 3,046
Total liabilities 16,094 17,701
Convertible preferred stock:    
Redeemable convertible preferred stock, Series A, net of discount of $683 at September 30, 2015 and $719 at December 31, 2014; $0.001 par value, 1,000,000 shares authorized, issued and outstanding at September 30, 2015 and December 31, 2014 4,317 4,281
Stockholders’ equity:    
Common stock; $0.001 par value, 50,000,000 shares authorized, 8,252,563 and 8,185,323 shares issued and outstanding at September 30, 2015 and December 31, 2014 8 8
Treasury stock, at cost 131,928 shares at September 30, 2015 and 111,640 shares at December 31, 2014 (792) (722)
Additional paid-in capital 11,743 11,418
Accumulated other comprehensive income 441 851
Retained earnings; including accumulated statutory reserves in equity method investments of $2,605 and $2,100 at September 30, 2015 and December 31, 2014 10,481 9,717
Total stockholders’ equity 21,881 21,272
Total liabilities, convertible preferred stock and stockholders’ equity $ 42,292 $ 43,254