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Condensed Consolidated Statements of Cash Flows
$ in Thousands
 9 Months Ended
Sep. 30, 2015
USD ($)
Sep. 30, 2014
USD ($)
Cash flows from operating activities:    
Net income (loss) from continuing operations $ 1,025 $ (72)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income tax provision (benefit) (171)  
Equity income from foreign joint ventures’ operations (625) (1,934)
Depreciation and amortization 673 457
Stock based compensation 302 601
Provision for bad debt (55)  
Allowance for obsolete inventory 47 25
(Gain)/Loss on sale of property and equipment 84  
Deferred compensation costs 12 59
Change in operating assets and liabilities:    
Accounts receivable 3,915 (604)
Income taxes payable   (108)
Inventories 1,252 (623)
Costs and estimated earnings in excess of billings on uncompleted contracts 142 352
Prepaid expenses and other current assets 707 88
Accounts payable and accrued liabilities (1,752) 2,174
Billings in excess of costs and estimated earnings on uncompleted contracts (969) (486)
Other current liabilities (393)  
Foreign currency translation adjustment (410)  
Net cash provided by (used in) operating activities 3,784 (71)
Cash flows from investing activities:    
Purchases of property, plant and equipment and other assets (559) (4,715)
Proceeds from foreign joint ventures’ operations dividends 1,170 2,522
Net cash provided by (used in) from investing activities 611 (2,193)
Cash flows from financing activities:    
Proceeds from sale of common stock, preferred stock, and warrants 22 113
Treasury stocks purchase (70) (466)
Preferred stock cash dividend (75) (225)
Proceeds from long-term notes payable 4,000  
Advances from revolving credit facility (repayments) (2,500)  
Payments on long-term notes payable (154)  
Net cash provided by (used in) financing activities 1,223 (578)
Net increase (decrease) in cash and cash equivalents from continuing operations 5,618 (2,842)
Advances from (to) discontinued operations   1,078
Net increase (decrease) in cash and cash equivalents 5,618 (1,764)
Cash and cash equivalents, beginning of period 3,550 4,148
Cash and cash equivalents, end of period 9,168 2,384
Supplemental disclosures of cash flow information:    
Interest paid 137 36
Income taxes paid   $ 102
Series A Convertible Preferred Stock    
Non-cash investing and financing activities:    
Non-cash dividends on convertible preferred shares $ 150