Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 6-May-14 | |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'BLONDER TONGUE LABORATORIES INC | ' |
Entity Central Index Key | '0001000683 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Trading Symbol | 'BDR | ' |
Entity Common Stock, Shares Outstanding | ' | 6,216,372 |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Document Fiscal Year Focus | '2014 | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $113 | $67 |
Accounts receivable, net of allowance for doubtful accounts of $150 and $196 | 2,415 | 3,241 |
Inventories | 8,688 | 8,975 |
Prepaid and other current assets | 626 | 458 |
Prepaid benefit costs | 415 | 415 |
Total current assets | 12,257 | 13,156 |
Inventories, net non-current | 2,019 | 2,115 |
Property, plant and equipment, net of accumulated depreciation and amortization | 3,629 | 3,710 |
License agreements, net | 810 | 792 |
Intangible assets, net | 2,152 | 2,216 |
Goodwill | 493 | 493 |
Other assets | 150 | 159 |
Total Assets | 21,510 | 22,641 |
Current liabilities: | ' | ' |
Line of credit | 1,250 | 1,275 |
Current portion of long-term debt | 4,000 | 270 |
Accounts payable | 1,397 | 1,493 |
Accrued compensation | 568 | 446 |
Income taxes payable | 24 | 24 |
Other accrued expenses | 182 | 149 |
Total current liabilities | 7,421 | 3,657 |
Long-term debt | 93 | 3,893 |
Deferred income taxes | 63 | 63 |
Commitments and contingencies | 0 | 0 |
Stockholders' equity: | ' | ' |
Preferred stock, $.001 par value; authorized 5,000 shares; No shares outstanding | 0 | 0 |
Common stock, $.001 par value; authorized 25,000 shares, 8,465 shares Issued | 8 | 8 |
Paid-in capital | 26,256 | 26,190 |
Accumulated deficit | -4,355 | -3,194 |
Accumulated other comprehensive loss | -668 | -668 |
Treasury stock, at cost, 2,248 shares | -7,308 | -7,308 |
Total stockholders' equity | 13,933 | 15,028 |
Total Liabilities and Stockholders' Equity | $21,510 | $22,641 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Per Share data, unless otherwise specified | ||
Allowance for doubtful accounts (in dollars) | $150 | $196 |
Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 5,000 | 5,000 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 25,000 | 25,000 |
Common stock, shares issued | 8,465 | 8,465 |
Treasury stock, shares | 2,248 | 2,248 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Net sales | $5,578 | $6,719 |
Cost of goods sold | 3,821 | 4,231 |
Gross profit | 1,757 | 2,488 |
Operating expenses: | ' | ' |
Selling | 812 | 826 |
General and administrative | 1,218 | 1,220 |
Research and development | 840 | 855 |
Total Operating expenses | 2,870 | 2,901 |
Loss from operations | -1,113 | -413 |
Other expense - interest expense (net) | -48 | -69 |
Loss before income taxes | -1,161 | -482 |
Provision (benefit) for income taxes | 0 | 0 |
Net loss | ($1,161) | ($482) |
Basic and diluted net loss per share (in dollars per share) | ($0.19) | ($0.08) |
Basic and diluted weighted average shares outstanding (in shares) | 6,216 | 6,216 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Cash Flows From Operating Activities: | ' | ' |
Net loss | ($1,161) | ($482) |
Adjustments to reconcile net loss to cash provided by operating activities: | ' | ' |
Stock compensation expense | 66 | 71 |
Depreciation | 110 | 117 |
Amortization | 261 | 217 |
Provision for inventory reserves | 83 | 0 |
Recovery of bad debt | -46 | 0 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | 872 | 594 |
Inventories | 300 | 359 |
Prepaid and other current assets | -168 | -205 |
Other assets | 9 | 26 |
Accounts payable, accrued compensation and other accrued expenses | 59 | -285 |
Net cash provided by operating activities | 385 | 411 |
Cash Flows From Investing Activities: | ' | ' |
Capital expenditures | -29 | -46 |
Acquisition of licenses | -215 | -171 |
Net cash used in investing activities | -244 | -217 |
Cash Flows From Financing Activities: | ' | ' |
Net repayment of line of credit | -25 | -499 |
Repayments of debt | -70 | -70 |
Net cash used in financing activities | -95 | -569 |
Net increase (decrease) in cash | 46 | -375 |
Cash, beginning of period | 67 | 453 |
Cash, end of period | 113 | 78 |
Supplemental Cash Flow Information: | ' | ' |
Cash paid for interest | 56 | 66 |
Cash paid for income taxes | $0 | $0 |
Company_and_Basis_of_Presentat
Company and Basis of Presentation | 3 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Note 1 - Company and Basis of Presentation | |
Blonder Tongue Laboratories, Inc. (together with its consolidated subsidiaries, the “Company”) is a technology-development and manufacturing company that delivers television signal encoding, transcoding, digital transport, and broadband product solutions to the cable markets the Company serves, including the multi-dwelling unit market, the lodging/hospitality market and the institutional market including, hospitals, prisons and schools, primarily throughout the United States and Canada. The consolidated financial statements include the accounts of Blonder Tongue Laboratories, Inc. and its wholly-owned subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation. | |
The results for the first quarter of 2014 are not necessarily indicative of the results to be expected for the full fiscal year and have not been audited. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, consisting primarily of normal recurring accruals, necessary for a fair statement of the results of operations and cash flows for the periods presented and the consolidated balance sheet at March 31, 2014. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to SEC rules and regulations. These financial statements should be read in conjunction with the financial statements and notes thereto that were included in the Company’s latest annual report on Form 10-K for the year ended December 31, 2013. | |
Liquidity
Liquidity | 3 Months Ended |
Mar. 31, 2014 | |
Liquidity [Abstract] | ' |
Liquidity [Text Block] | ' |
Note 2 - Liquidity | |
The Company’s primary sources of liquidity are its existing cash balances, cash generated from operations and amounts available under the Santander Financing (as defined in Note 6 below). As of March 31, 2014, the Company had approximately $1,250 outstanding under the Revolver (as defined in Note 6 below) and $1,685 of additional availability for borrowing under the Revolver. The Company anticipates these sources of liquidity, along with the expected refinancing of the Company’s Revolver and Term Loan (both of which expire on February 1, 2015) will be sufficient to fund its operating activities, anticipated capital expenditures and debt repayment obligations for the next twelve months. | |
The Company’s primary long-term obligations are for payment of interest and principal on its Revolver and Term Loan, both of which expire on February 1, 2015. The Company expects to use cash generated from operations to meet its long-term debt obligations, and anticipates refinancing its long-term debt obligations at maturity. | |
Earnings_loss_Per_Share
Earnings (loss) Per Share | 3 Months Ended |
Mar. 31, 2014 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share [Text Block] | ' |
Note 3- Earnings (loss) Per Share | |
Earnings (loss) per share is calculated in accordance with ASC Topic 260 “Earnings Per Share,” which provides for the calculation of “basic” and “diluted” earnings (loss) per share. Basic earnings (loss) per share includes no dilution and is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share reflect, in periods in which they have a dilutive effect, the effect of common shares issuable upon exercise of stock options. The diluted share base excludes incremental shares of 1,756 and 1,032 related to stock options for the three month periods ended March 31, 2014 and 2013, respectively. These shares were excluded due to their antidilutive effect. | |
New_Accounting_Pronouncements
New Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2014 | |
Accounting Changes and Error Corrections [Abstract] | ' |
Accounting Changes and Error Corrections [Text Block] | ' |
Note 4 – New Accounting Pronouncements | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 amends Accounting Standards Codification (“ASC”) 740, Income Taxes, by providing guidance on the financial statement presentation of an unrecognized benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The ASU does not affect the recognition or measurement of uncertain tax positions under ASC 740. ASU 2013-11 is effective for the Company for interim and annual periods beginning after December 15, 2013, with early adoption permitted. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. | |
The FASB, the Emerging Issues Task Force and the SEC have issued certain other accounting standards updates and regulations as of March 31, 2014 that will become effective in subsequent periods; however, management of the Company does not believe that any of those updates would have significantly affected the Company’s financial accounting measures or disclosures had they been in effect during 2014 or 2013, and does not believe that any of those pronouncements will have a significant impact on the Company’s consolidated financial statements at the time they become effective. | |
Inventories
Inventories | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Inventory Disclosure [Text Block] | ' | |||||||
Note 5 – Inventories | ||||||||
Inventories net of reserves are summarized as follows: | ||||||||
March 31, | December 31, | |||||||
2014 | 2013 | |||||||
Raw Materials | $ | 4,683 | $ | 5,351 | ||||
Work in process | 3,309 | 2,815 | ||||||
Finished Goods | 5,264 | 5,394 | ||||||
13,256 | 13,560 | |||||||
Less current inventory | -8,688 | -8,975 | ||||||
4,568 | 4,585 | |||||||
Less reserve for slow moving and obsolete inventory | -2,549 | -2,470 | ||||||
$ | 2,019 | $ | 2,115 | |||||
Inventories are stated at the lower of cost, determined by the first-in, first-out (“FIFO”) method, or market. | ||||||||
The Company periodically analyzes anticipated product sales based on historical results, current backlog and marketing plans. Based on these analyses, the Company anticipates that certain products will not be sold during the next twelve months. Inventories that are not anticipated to be sold in the next twelve months, have been classified as non-current. | ||||||||
Approximately 60% of the non-current inventories were comprised of finished goods at both March 31, 2014 and December 31, 2013, respectively. The Company has established a program to use interchangeable parts in its various product offerings and to modify certain of its finished goods to better match customer demands. In addition, the Company has instituted additional marketing programs to dispose of the slower moving inventories. | ||||||||
The Company continually analyzes its slow-moving, excess and obsolete inventories. Based on historical and projected sales volumes and anticipated selling prices, the Company establishes reserves. Inventory that is in excess of current and projected use is reduced by an allowance to a level that approximates its estimate of future demand. Products that are determined to be obsolete are written down to net realizable value. | ||||||||
Debt
Debt | 3 Months Ended |
Mar. 31, 2014 | |
Debt Disclosure [Abstract] | ' |
Debt Disclosure [Text Block] | ' |
Note 6 – Debt | |
On August 6, 2008, the Company entered into a Revolving Credit, Term Loan and Security Agreement with Santander Bank, N.A. (formerly known as Sovereign Bank, N.A.) through its Sovereign Business Capital division (“Santander”), pursuant to which the Company obtained an $8,000 credit facility from Santander (the “Santander Financing”). The Company and Santander entered into a series of amendments to the foregoing Revolving Credit, Term Loan and Security Agreement (as so amended, the “Santander Agreement”), including the Sixth Amendment referenced below, which, among other things, adjusted the Santander Financing to $9,350 consisting of (i) a $5,000 asset-based revolving credit facility (“Revolver”) and (ii) a $4,350 term loan facility (“Term Loan”), each expiring on February 1, 2015. The amounts which may be borrowed under the Revolver are based on certain percentages of Eligible Receivables and Eligible Inventory, as such terms are defined in the Santander Agreement. The obligations of the Company under the Santander Agreement are secured by substantially all of the assets of the Company and certain of its subsidiaries. | |
Under the Santander Agreement, the Revolver currently bears interest at a rate per annum equal to the prime lending rate announced from time to time by Santander (“Prime”) plus 1.25% or the LIBOR rate plus 4.00%. The Term Loan currently bears interest at a rate per annum equal to Prime plus 1.50% or the LIBOR rate plus 4.25%. Prime was 3.25% at March 31, 2014. LIBOR rate loans under the Santander Agreement may be borrowed for interest periods of one, three or six months. The LIBOR rates for interest periods of one-month, three-months and six-months were 0.15%, 0.23% and 0.33%, respectively, at March 31, 2014. The interest rates above are effective on April 1, 2014, pursuant to the terms of the Sixth Amendment described below. | |
On March 28, 2014, the Company entered into a Sixth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “Sixth Amendment”) to amend the Santander Financing. The Sixth Amendment (i) reduced the maximum amount available for borrowing under the Revolver from $6,000 to $5,000, (ii) increased the interest rates applicable to the Revolver and the Term Loan by three quarters of one percent, (iii) modified the Company’s fixed charge coverage ratio covenant to eliminate the testing thereof with respect to the trailing 12-month period ended as of December 31, 2013, (iv) eliminated the fixed charge coverage ratio covenant with respect to all periods after December 31, 2013, (v) modified the minimum EBITDA covenant to (a) eliminate the testing thereof with respect to the fiscal year ended December 31, 2013, (b) change the manner of calculation thereof, and (c) impose a quarterly building minimum EBITDA covenant test, commencing with the fiscal quarter ended on March 31, 2014, and thereafter for the two fiscal quarters ending June 30, 2014, the three fiscal quarters ending September 30, 2014, the four fiscal quarters ending December 31, 2014 and thereafter quarterly on a trailing four fiscal quarter basis, (vi) reduced the advance rate applicable to Eligible Inventory (as defined in the Santander Agreement) from 50% to 35%, with a further reduction in such advance rate to 25% effective on or about June 27, 2014 and (vii) reduced the sublimit on advances against such Eligible Inventory from $3,000 to $2,000. In connection with the Sixth Amendment, the Company paid Santander an amendment fee of $45. | |
On November 13, 2013, the Company entered into a Fifth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “Fifth Amendment”) to amend the Santander Financing. The Fifth Amendment (i) reduced the maximum amount available for borrowing under the Revolver from $8,500 to $6,000 and (ii) modified the Company’s fixed charge coverage ratio covenant to eliminate the testing thereof with respect to the trailing 12-month period ended as of September 30, 2013. | |
On March 27, 2013, the Company entered into a Fourth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “Fourth Amendment”), to amend the Santander Financing. The Fourth Amendment (i) increased the interest rates applicable to the Revolver and the Term Loan by one half of one percent, effective as of April 1, 2013, subject to being reduced by one quarter of one percent effective as of the date on which the Company delivered to Santander its financial statements for the fiscal quarter ending June 30, 2013, evidencing compliance with the Santander Agreement and continuing compliance with the Santander Agreement through such date of delivery, and further reduced by an additional one quarter of one percent, effective as of the date on which the Company delivers to Santander its audited financial statements for the fiscal year ending December 31, 2013, evidencing compliance with the Santander Agreement and continuing compliance with the Santander Agreement through such date of delivery; (ii) retroactively effective as of December 31, 2012, eliminated the minimum net income covenant and replaced the same with a minimum EBITDA covenant tested as of and for the fiscal year ended December 31, 2012 and as of and for each subsequent fiscal year ending on December 31 thereafter, (iii) modified the definition of Net Income (as defined in the Santander Agreement), retroactively effective as of December 31, 2012; and (iv) modified the fixed charge coverage ratio, effective for each of the trailing four fiscal quarters ending in 2013. The Company was in compliance with the Santander Agreement as of June 30, 2013 and, accordingly, the interest rates applicable to both the Revolver and the Term Loan were decreased by one quarter of one percent, effective as of August 14, 2013. | |
Upon termination of the Revolver, all outstanding borrowings under the Revolver are due. The outstanding principal balance of the Revolver was $1,250 at March 31, 2014. The Term Loan requires equal monthly principal payments of approximately $18 each, plus interest, with the remaining balance due at maturity. The outstanding principal balance of the Term Loan was $3,933 at March 31, 2014. | |
The Santander Agreement contains customary representations and warranties as well as affirmative and negative covenants, including certain financial covenants. The Santander Agreement contains customary events of default, including, among others, non-payment of principal, interest or other amounts when due. | |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2014 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
Note 7 – Related Party Transactions | |
As of March 31, 2014 and December 31, 2013, the Chief Executive Officer was indebted to the Company in the amount of $115 and $117, respectively, for which no interest has been charged. This indebtedness arose from a series of cash advances, the latest of which was advanced in February 2002 and is included in other assets at March 31, 2014 and December 31, 2013. Payments on this indebtedness ceased in November 2008 when the Chief Executive Officer filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code and the indebtedness became subject to the automatic stay provisions of the United States Bankruptcy Code. On July 29, 2009 a plan of reorganization in connection with the Chief Executive Officer’s bankruptcy case was confirmed by the United States Bankruptcy Court for the District of New Jersey. | |
Under the confirmed plan of reorganization, the Chief Executive Officer will be obligated to pay a pro-rata share, with all other unsecured pre-petition obligations, of the excess, if any, of his disposable income after the payment of all administrative claims and other expenses. The actual amount that the Company may expect to receive pursuant to the confirmed plan and the date on which required payments would commence are not presently determinable. Since May 2010, however, the Chief Executive Officer has made elective payments to the Company to reduce the indebtedness. Such elective payments aggregated $25 through March 31, 2014. | |
Legal_Proceedings
Legal Proceedings | 3 Months Ended |
Mar. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Legal Matters and Contingencies [Text Block] | ' |
Note 8 – Legal Proceedings | |
The Company is a party to certain proceedings incidental to the ordinary course of its business, none of which, in the current opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition, results of operations, or cash flows. | |
In addition, on June 19, 2012, K Tech Telecommunications, Inc. (“K Tech”) filed a patent infringement complaint against the Company and its wholly owned subsidiary R.L. Drake Holdings, LLC (“RLD”) in the U.S. District Court for the Central District of California (the “District Court”), captioned as K Tech v. Blonder Tongue Laboratories, Inc. and R.L. Drake Holdings, LLC, CV12-05316 (the “Litigation”). K Tech subsequently filed an amended complaint to add R.L. Drake, LLC as an additional defendant. The Litigation alleged that the Company and RLD infringe one or more claims of U.S. Patent Nos. 6,785,903, 7,487,533, 7,761,893, and 7,984,469 (the “K Tech Patents”) and sought (a) a finding of patent infringement; (b) an injunction against the Company and RLD from further alleged infringement; (c) an award of actual damage suffered by K Tech; and (d) an award of costs relating to the Litigation. The Litigation complaint alleged that Company products DQMx-01, DQMx-02, DQMx-03, DQMx-04, DQMx-10, DQMx-11, DQMx-12, DQMx-13, DQMx-20, DQMx-21, DQMx-22, DQMx-30, DQMx-31, DQMx-40, and MUX-2D-QAM infringe one or more of the K Tech Patents, and alleges that RLD products MQM6000l, MQM10000, DQT1000, and MEQ1000 infringe one or more of the K Tech Patents. All of the aforementioned products are part of the Company’s digital headend product category. On August 29, 2013, the District Court ruled in the Company’s and RLD’s favor on their motion for summary judgment. In particular, the District Court held that three of K Tech’s patents relating to systems and methods for updating the channel information contained in digital television signals, U.S. Patent Nos. 6,785,903, 7,481,533 and 7,761,893 (the “Specified Patents”), were invalid because they were rendered obvious by prior art. The District Court agreed with the Company’s and RLD’s argument that all of the patent claims K Tech had asserted under the Specified Patents were invalid by reason of the prior art of, among others, Zenith Electronics Corporation and DiviCom, Inc. (both of which companies had offered for sale products capable of modifying PSIP data prior to the date of K Tech’s earliest patent priority date of April 5, 2000). | |
K Tech appealed the District Court’s ruling to the U.S. Court of Appeals for the Federal Circuit. On April 16, 2014 the U.S. Court of Appeals for the Federal Circuit affirmed the District Court’s ruling. | |
Subsequent_Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 9 – Subsequent Events | |
The Company has evaluated subsequent events through the filing of its consolidated financial statements with the SEC. | |
Inventories_Tables
Inventories (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Schedule of Inventory, Current [Table Text Block] | ' | |||||||
Inventories net of reserves are summarized as follows: | ||||||||
March 31, | December 31, | |||||||
2014 | 2013 | |||||||
Raw Materials | $ | 4,683 | $ | 5,351 | ||||
Work in process | 3,309 | 2,815 | ||||||
Finished Goods | 5,264 | 5,394 | ||||||
13,256 | 13,560 | |||||||
Less current inventory | -8,688 | -8,975 | ||||||
4,568 | 4,585 | |||||||
Less reserve for slow moving and obsolete inventory | -2,549 | -2,470 | ||||||
$ | 2,019 | $ | 2,115 | |||||
Liquidity_Details_Textual
Liquidity (Details Textual) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Aug. 06, 2008 |
Liquidity [Line Item] | ' | ' |
Line of Credit Facility, Amount Outstanding | $1,250 | $8,000 |
Line of Credit Facility, Remaining Borrowing Capacity | $1,685 | ' |
Line of Credit Facility, Expiration Date | 1-Feb-15 | ' |
Earnings_loss_Per_Share_Detail
Earnings (loss) Per Share (Details Textual) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Earnings loss Per Share [Line Items] | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants | 1,756 | 1,032 |
Inventories_Details
Inventories (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventory [Line Items] | ' | ' |
Raw materials | $4,683 | $5,351 |
Work in process | 3,309 | 2,815 |
Finished goods | 5,264 | 5,394 |
Inventory, gross | 13,256 | 13,560 |
Less current inventory | -8,688 | -8,975 |
Inventory Value Before Reserves | 4,568 | 4,585 |
Less reserve for slow moving and obsolete inventory | -2,549 | -2,470 |
Inventories, net non-current | $2,019 | $2,115 |
Inventories_Details_Textual
Inventories (Details Textual) | 3 Months Ended |
Mar. 31, 2014 | |
Inventory [Line Items] | ' |
Percentage Of Fifo Inventory Non Current For Finished Goods | 60.00% |
Inventory Related Text | 'Inventories are stated at the lower of cost, determined by the first-in, first-out (“FIFO”) method, or market. |
Debt_Details_Textual
Debt (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2008 | Nov. 13, 2013 | Sep. 30, 2013 | Aug. 06, 2008 |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | $6,000 | ' | $8,500 | $6,000 | ' |
Line of Credit Facility, Increase (Decrease), Other, Net | ' | 9,350 | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | 1,250 | ' | ' | ' | 8,000 |
Line Of Credit Facility Interest Rate Period At One Month | 0.15% | ' | ' | ' | ' |
Line Of Credit Facility Interest Rate Period At Three Months | 0.23% | ' | ' | ' | ' |
Line Of Credit Facility Interest Rate Period At Six Months | 0.33% | ' | ' | ' | ' |
Amendment Fee | 45 | ' | ' | ' | ' |
Revolving Credit Advances Against Eligible Inventory Eligible | 3,000 | ' | ' | ' | ' |
Revolving Credit Advances Rate | 50.00% | ' | ' | ' | ' |
Subsequent Event [Member] | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 5,000 | ' | ' | ' | ' |
Line of Credit Facility, Interest Rate Description | 'reduction in such advance rate to 25% effective on or about June 27, 2014 | ' | ' | ' | ' |
Revolving Credit Advances Against Eligible Inventory Eligible | 2,000 | ' | ' | ' | ' |
Revolving Credit Advances Rate | 35.00% | ' | ' | ' | ' |
Revolving Credit Facility [Member] | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Line of Credit Facility, Interest Rate Description | 'the Revolver currently bears interest at a rate per annum equal to the prime lending rate announced from time to time by Santander (Prime) plus 1.25% or the LIBOR rate plus 4.00%. | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | 1,250 | ' | ' | ' | 5,000 |
Debt Instrument, Maturity Date | 1-Feb-15 | ' | ' | ' | ' |
Term Loan Credit Facility [Member] | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Line of Credit Facility, Interest Rate Description | 'The Term Loan currently bears interest at a rate per annum equal to Prime plus 1.50% or the LIBOR rate plus 4.25%. Prime was 3.25% at March 31, 2014. | ' | ' | ' | ' |
Line of Credit Facility, Periodic Payment, Principal | 18 | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | $3,933 | ' | ' | ' | $4,350 |
Debt Instrument, Maturity Date | 1-Feb-15 | ' | ' | ' | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details Textual) (Chief Executive Officer [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Chief Executive Officer [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Related Party Transaction, Due from (to) Related Party, Noncurrent | $115 | $117 |
Payments For Aggregate Indebtedness | $25 | ' |