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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 7,989 $ 3,550
Short-term investments 507  
Accounts receivable-trade, net of allowance of $225 and $315 at December 31, 2015 and December 31, 2014 6,853 11,877
Inventories, net of allowance of $60 and $73 at December 31, 2015 and December 31, 2014 1,325 2,769
Cost and estimated earnings in excess of billings on uncompleted contracts 2,302 2,989
Prepaid expenses and other current assets 324 750
Total current assets 19,300 21,935
Property, plant and equipment, net 7,915 8,373
Advances to and investments in foreign joint ventures 11,104 12,054
Intangibles 218 236
Other assets 49 6
Long-term assets held for sale   650
Total assets 38,586 43,254
Current liabilities:    
Revolving line of credit 1,043  
Current portion of long-term note payable 300 222
Accounts payable 4,031 6,447
Accrued payroll and benefits 476 1,145
Other accrued expenses 666 640
Billings in excess of costs and estimated earnings on uncompleted contracts 1,629 1,983
Other current liabilities 210 150
Total current liabilities 8,355 10,587
Long-term note payable 4,200 3,778
Deferred compensation 305 290
Deferred income taxes 3,064 3,046
Total liabilities 15,924 17,701
Convertible preferred stock:    
Redeemable convertible preferred stock, Series A, net of discount of $671 at December 31, 2015 and $719 at December 31, 2014; $0.001 par value, 1,000,000 shares authorized, issued and outstanding at December 31, 2015 and December 31, 2014 4,329 4,281
Stockholders’ equity:    
Common stock; $0.001 par value, 50,000,000 shares authorized, 8,385,929 and 8,396,963 shares issued and , 8,254,001 and 8,185,323 shares outstanding at December 31, 2015 and December 31, 2014 8 8
Treasury stock, at cost 131,928 shares at December 31, 2015 and 111,640 shares at December 31, 2014 (792) (722)
Additional paid-in capital 12,032 11,418
Accumulated other comprehensive income 310 851
Retained earnings; including accumulated statutory reserves in equity method investments of $2,722 and $2,100 at December 31, 2015 and December 31, 2014 6,775 9,717
Total stockholders’ equity 18,333 21,272
Total liabilities, convertible preferred stock and stockholders’ equity $ 38,586 $ 43,254