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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,006 $ 2,124
Accounts receivable-trade, net 725 911
Inventories, net 71 69
Contract assets 629 344
Prepaid expenses and other current assets 499 433
Total current assets 2,930 3,881
Property, plant and equipment, net 558 552
Advances to and investments in foreign joint ventures 10,503 9,980
Right-of-use assets 185  
Other assets 199 146
Total assets 14,375 14,559
Current liabilities:    
Short-term note payable 536 202
Accounts payable and accrued liabilities 2,079 2,478
Lease liabilities, current portion 82  
Total current liabilities 2,697 2,680
Lease liabilities, long-term portion 103  
Deferred compensation 150 163
Total liabilities 2,950 2,843
Commitments and contingencies (Note 8)
Convertible preferred stock:    
Redeemable convertible preferred stock, Series A, net of discount of $486 at March 31, 2019 and $502 at December 31, 2018; $0.001 par value, 1,000,000 shares authorized, issued and outstanding at March 31, 2019 and December 31, 2018 4,514 4,498
Stockholders’ equity:    
Common stock; $0.001 par value, 50,000,000 shares authorized, 9,530,437 and 9,444,878 shares issued and 9,304,829 and 9,219,270 shares outstanding at March 31, 2019 and December 31, 2018 9 9
Treasury stock, at cost, 225,608 shares at both March 31, 2019 and December 31, 2018 (965) (965)
Additional paid-in capital 14,089 14,014
Accumulated other comprehensive income (213) (417)
Accumulated Deficit; including accumulated statutory reserves in equity method investments of $2,809 at March 31, 2019 and December 31, 2018 (6,009) (5,423)
Total stockholders’ equity 6,911 7,218
Total liabilities, convertible preferred stock and stockholders’ equity $ 14,375 $ 14,559