Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 1,994 $ 968
Trade and other receivables, net 11,991 10,509
Inventories, net 11,219 16,291
Income Tax receivable 0 16
Prepaid expenses and other current assets 891 761
Total current assets 26,095 28,545
Property and equipment, net 994 10,116
Restricted cash 1,298 500
Intangible assets, net 15,748 57
Deposits and other assets 751 557
Deferred taxes 1,305 2,081
Total assets 46,191 41,856
Liabilities:    
Accounts payable 2,592 6,143
Accrued liabilities 6,227 8,888
Line of credit PNC bank 0 10,333
Notes payable - short term 800 0
Accrued income taxes 1,581 0
Current portion of long-term maturities 3,846 2,093
Total current liabilities 15,046 27,457
Long-term obligations, less current maturities 0 2,826
Other noncurrent liabilities 307 364
Total liabilities 15,353 30,647
Shareholders' equity:    
Preferred stock, series A, 288,588 shares authorized, issued and outstanding at September 30, 2017 14,963 0
Common stock, no par value, 50,000 shares authorized, 6,655 shares issued and and outstanding at September 30, 2017 and December 31, 2016 22,437 22,405
Accumulated deficit (5,987) (11,028)
Accumulated other comprehensive loss (575) (574)
Total stockholders' equity 30,838 10,803
Non controlling interest 0 406
Total liabilities and equity $ 46,191 $ 41,856