inTEST (INTT) 10-K 29 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 18, 2016	Jun. 30, 2015
Entity Registrant Name	INTEST CORP
Entity Central Index Key	1,036,262
Trading Symbol	intt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		10,495,222
Entity Public Float			$ 35,089,249
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 25,710	$ 23,126
Trade accounts receivable, net of allowance for doubtful accounts of $146 and $146, respectively	4,395	5,034
Inventories	3,520	3,769
Deferred tax assets	559	529
Prepaid expenses and other current assets	639	473
Total current assets	34,823	32,931
Property and equipment:
Machinery and equipment	4,377	4,322
Leasehold improvements	603	593
Gross property and equipment	4,980	4,915
Less: accumulated depreciation	(3,868)	(3,647)
Net property and equipment	1,112	1,268
Deferred tax assets	686	884
Goodwill	1,706	1,706
Intangible assets, net	1,104	1,393
Restricted certificates of deposit	350	350
Other assets	203	206
Total assets	39,984	38,738
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	909	1,234
Accrued wages and benefits	1,466	1,528
Accrued rent	657	615
Accrued professional fees	363	390
Accrued sales commissions	297	328
Other current liabilities	367	275
Total current liabilities	$ 4,059	$ 4,370
Commitments and Contingencies (Notes 9 and 11)
Stockholders' equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.01 par value; 20,000,000 shares authorized; 10,549,423 and 10,595,755 shares issued, respectively	$ 105	$ 106
Addtional paid-in capital	26,286	26,321
Retained earnings	9,013	7,152
Accumulated other comprehensive earnings	725	993
Treasury stock, at cost; 33,077 and 33,077 shares, respectively	(204)	(204)
Total stockholders' equity	35,925	34,368
Total liabilities and stockholders' equity	$ 39,984	$ 38,738

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts, respectively	$ 146	$ 146
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	10,549,423	10,595,755
Treasury stock, at cost, shares, respectively (in shares)	33,077	33,077

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net revenues	$ 38,889	$ 41,796
Cost of revenues	20,191	21,334
Gross margin	18,698	20,462
Operating expenses:
Selling expense	5,797	5,735
Engineering and product development expense	3,935	3,580
General and administrative expense	6,404	6,231
Total operating expenses	16,136	15,546
Operating income	2,562	4,916
Other income (expense)	21	(7)
Earnings before income tax expense	2,583	4,909
Income tax expense	722	1,470
Net earnings	$ 1,861	$ 3,439
Net earnings per common share:
- Basic (in dollars per share)	$ 0.18	$ 0.33
- Diluted (in dollars per share)	$ 0.18	$ 0.33
Weighted average common shares outstanding:
- Basic (in shares)	10,473,210	10,431,743
- Diluted (in shares)	10,493,830	10,466,064

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net earnings	$ 1,861	$ 3,439
Foreign currency translation adjustments	(268)	(354)
Comprehensive earnings	$ 1,593	$ 3,085

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2013	10,590,755
Balance at Dec. 31, 2013	$ 106	$ 26,187	$ 3,713	$ 1,347	$ (204)	$ 31,149
Net earnings			3,439			3,439
Foreign currency translation adjustments				(354)		(354)
Amortization of deferred compensation related to restricted stock		134				$ 134
Forfeiture of unvested shares of restricted stock (in shares)	(5,000)
Issuance of unvested shares of restricted stock (in shares)	10,000
Balance (in shares) at Dec. 31, 2014	10,595,755					10,595,755
Balance at Dec. 31, 2014	$ 106	26,321	7,152	993	(204)	$ 34,368
Net earnings			1,861			1,861
Foreign currency translation adjustments				(268)		(268)
Amortization of deferred compensation related to restricted stock		119				$ 119
Forfeiture of unvested shares of restricted stock (in shares)	(5,000)
Balance (in shares) at Dec. 31, 2015	10,549,423					10,549,423
Balance at Dec. 31, 2015	$ 105	26,286	$ 9,013	$ 725	$ (204)	$ 35,925
Repurchase and retirement of common stock (in shares)	(41,332)					(41,332)
Repurchase and retirement of common stock	$ (1)	$ (154)				$ (155)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings	$ 1,861,000	$ 3,439,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	754,000	879,000
Provision for excess and obsolete inventory	342,000	344,000
Foreign exchange loss	33,000	44,000
Amortization of deferred compensation related to restricted stock	119,000	134,000
Loss on sale of property and equipment	15,000	44,000
Proceeds from sale of demonstration equipment, net of gain	214,000	161,000
Deferred income tax expense	168,000	318,000
Changes in assets and liabilities:
Trade accounts receivable	570,000	610,000
Inventories	(113,000)	(893,000)
Prepaid expenses and other current assets	$ (174,000)	(113,000)
Restricted certificates of deposit		100,000
Other assets	$ (15,000)	(17,000)
Accounts payable	(324,000)	172,000
Accrued wages and benefits	(36,000)	(75,000)
Accrued rent	42,000	38,000
Accrued professional fees	(25,000)	25,000
Accrued sales commissions	(31,000)	23,000
Other current liabilities	98,000	(104,000)
Net cash provided by operating activities	3,498,000	5,129,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	$ (599,000)	(831,000)
Proceeds from sale of property and equipment		8,000
Net cash used in investing activities	$ (599,000)	$ (823,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchases of common stock	(155,000)
Net cash used in financing activities	(155,000)
Effects of exchange rates on cash	(160,000)	$ (198,000)
Net cash provided by all activities	2,584,000	4,108,000
Cash and cash equivalents at beginning of period	23,126,000	19,018,000
Cash and cash equivalents at end of period	25,710,000	23,126,000
Cash payments for:
Domestic and foreign income taxes	$ 792,000	1,213,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of unvested shares of restricted stock		41,000
Forfeiture of unvested shares of restricted stock	$ (20,000)	$ (20,000)

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Nature of Operations [Text Block]	(1) NATURE OF OPERATIONS We are an independent designer, manufacturer and marketer of thermal, mechanical and electrical products that are primarily used by semiconductor manufacturers in conjunction with automatic test equipment ("ATE") in the testing of integrated circuits ("ICs" or "semiconductors"). In addition, we sell our thermal products in markets outside the ATE market, such as the automotive, consumer electronics, defense/aerospace, energy, industrial and telecommunications markets.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Significant Accounting Policies [Text Block]	(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Use of Estimates Reclassification Cash and Cash Equivalents Trade Accounts Receivable and Allowance for Doubtful Accounts Fair Value of Financial Instruments Inventories Property and Equipment Goodwill, Intangible and Long-Lived Assets Stock-Based Compensation Subsequent Events Product Warranties Engineering and Product Development Foreign Currency Income Taxes Net Earnings Per Common Share Years Ended December 31, 2015 2014 Weighted average common shares outstanding - basic 10,473,210 10,431,743 Potentially dilutive securities: Unvested shares of restricted stock and employee stock options 20,620 34,321 Weighted average common shares outstanding - diluted 10,493,830 10,466,064 Average number of potentially dilutive securities excluded from calculation - 4,753 Effect of Recently Issued Amendments to Authoritative Accounting Guidance FASB issued amendments to the current guidance on the recognition and measurement of financial assets and financial liabilities which is presented in ASC Topic 825 (Financial Instruments). The intent of the updated guidance is to enhance the reporting model for financial instruments to provide users of financial statements with improved decision-making information. The updated guidance includes amendments to address aspects of recognition, measurement, presentation and disclosure. Changes included in the amendments are the requirement to measure equity investments at fair value, except those accounted for under the equity method of accounting or those that result in the consolidation of an investee, with changes in fair value recognized in net income; the requirement for a qualitative assessment to identify impairment of equity investments without readily determinable fair values; and the requirement for separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. The amendments are effective for us as of January 1, 2018. Early application is permitted. We do not expect the implementation of these amendments to have a material impact on our consolidated financial statements. In November 2015, the FASB i ssued amendments to update the current guidance on the balance sheet classification of deferred taxes which is presented in ASC Topic 740 (Income Taxes). The purpose of the amendments is to simplify the presentation of deferred tax assets. This guidance requires deferred tax assets and liabilities, along with related valuation allowances, to be classified as noncurrent on the balance sheet. As a result, each tax jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance does not change the existing requirement that prohibits offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. The amendments are effective for us as of January 1, 2017. Early application is permitted. We currently plan to elect early application of this guidance effective January 1, 2016. We do not expect the implementation of these amendments to have a material impact on our consolidated financial statements.

Note 3 - Goodwill and Intangibl

Note 3 - Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	(3) GOODWILL, INTANGIBLE AND LONG-LIVED ASSETS Goodwill and intangible assets on our balance sheets are the result of our acquisitions of Sigma Systems Corp. ("Sigma") in October 2008 and Thermonics, Inc. ("Thermonics") in January 2012. Goodwill Intangible Assets December 31, 2015 Gross Amount Amortization Net Amount Finite-lived intangible assets: Customer relationships $ 1,480 $ 1,166 $ 314 Patented technology 590 386 204 Software 270 196 74 Trade name 140 138 2 Total finite-lived intangible assets 2,480 1,886 594 Indefinite-lived intangible assets: Sigma trademark 510 - 510 Total intangible assets $ 2,990 $ 1,886 $ 1,104 December 31, 2014 Gross Amount Amortization Net Amount Finite-lived intangible assets: Customer relationships $ 1,480 $ 979 $ 501 Patented technology 590 346 244 Software 270 169 101 Trade name 140 103 37 Total finite-lived intangible assets 2,480 1,597 883 Indefinite-lived intangible assets: Sigma trademark 510 - 510 Total intangible assets $ 2,990 $ 1,597 $ 1,393 We generally amortize our finite-lived intangible assets over their estimated useful lives on a straight-line basis, unless an alternate amortization method can be reliably determined. Any such alternate amortization method would be based on the pattern in which the economic benefits of the intangible asset are expected to be consumed. None of our finite-lived assets have any residual value. The following table provides further information about the estimated useful lives of our finite-lived intangible assets as of December 31, 2015: Remaining Dec. 31, 2015 - - - - (in months) - - - - Finite-lived intangible assets resulting from the acquisition of Sigma: Customer relationships 72 - Software 120 33 Patented technology 60 - Finite-lived intangible assets resulting from the acquisition of Thermonics: Customer relationships 72 24.5 Trade name 48 .5 Patented technology 132 84.5 The following table sets forth changes in the amount of the carrying value of finite-lived intangible assets for the year ended December 31, 2015: Balance - January 1, 2015 $ 883 Amortization (289 ) Balance - December 31, 2015 $ 594 Total amortization expense for the years ended December 31, 2015 and 2014 was $289 and $355, respectively. The following table sets forth the estimated annual amortization expense for our finite-lived intangible assets for each of the next five years: 2016 $ 229 2017 212 2018 65 2019 39 2020 30 Impairment of Goodwill and Indefinite Life Intangible Assets During the goodwill impairment assessment in both 2015 and 2014, we performed a Step I test to identify potential impairment, in which the fair value of the Thermal Products reporting unit was compared with its book value. This assessment indicated no impairment existed as the fair value of this reporting unit was determined to exceed its carrying value by 84% or $12,019 at December 31, 2015 and by 68% or $15,971 at December 31, 2014. Impairment of Long-Lived Assets and Finite-lived Intangible Assets

Note 4 - Major Customers

Note 4 - Major Customers	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	(4) MAJOR CUSTOMERS During the years ended December 31, 2015 and 2014, Hakuto Co. Ltd., one of our distributors, accounted for 12% and 11% of our consolidated net revenues, respectively. These revenues were generated by our Thermal Products segment. During the year ended December 31, 2014, Texas Instruments Incorporated accounted for 13% of our consolidated net revenues. While all three of our operating segments sold products to this customer, these revenues were primarily generated by our Mechanical Products and Electrical Products segments. During the years ended December 31, 2015 and 2014, no other customer accounted for 10% or more of our consolidated net revenues.

Note 5 - Inventories

Note 5 - Inventories	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Inventory Disclosure [Text Block]	(5) INVENTORIES Inventories held at December 31 were comprised of the following: 2015 2014 Raw materials $ 2,535 $ 2,505 Work in process 295 406 Inventory consigned to others 119 129 Finished goods 571 729 Total inventories $ 3,520 $ 3,769

Note 6 - Other Current Liabilit

Note 6 - Other Current Liabilities	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	(6) OTHER CURRENT LIABILITIES Other current liabilities at December 31 were comprised of the following: 2015 2014 Deferred revenue and customer deposits $ 173 $ 70 Accrued warranty 94 118 Domestic and foreign income taxes payable 26 22 Other 74 65 Total other current liabilities $ 367 $ 275

Note 7 - Debt

Note 7 - Debt	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	(7) DEBT Letters of Credit L/C Lease Letters of Credit Amount Outstanding Facility Original L/C Issue Date Expiration Date Expiration Date Dec. 31 Dec. 31, Mt. Laurel, NJ 3/29/2010 4/01/2016 4/30/2021 $ 250 $ 250 Mansfield, MA 10/27/2010 11/08/2016 8/31/2021 100 100 $ 350 $ 350

Note 8 - Equipment Leasing

Note 8 - Equipment Leasing	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Operating Leases of Lessor Disclosure [Text Block]	(8) EQUIPMENT LEASING In our Thermal Products segment, we lease certain of our equipment to customers under non-cancellable operating leases. These leases generally have an initial term of six months. We recognize revenue for these leases on a straight-line basis over the term of the lease.

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(9) COMMITMENTS AND CONTINGENCIES Operating Lease Commitments 2016 $ 1,149 2017 1,097 2018 1,014 2019 1,006 2020 998 Thereafter 508 Total $ 5,772

Note 10 - Income Taxes

Note 10 - Income Taxes	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(10) INCOME TAXES We are subject to Federal and certain state income taxes. In addition, we are taxed in certain foreign countries. As of December 31, 2015 and 2014, there were no cumulative undistributed earnings of our foreign subsidiaries for which U.S. income taxes have not been provided. Years Ended 2015 2014 Domestic $ 1,868 $ 4,061 Foreign 715 848 Total $ 2,583 $ 4,909 Income tax expense (benefit) was as follows: Years Ended 2015 2014 Current Domestic -- Federal $ 523 $ 1,073 Domestic -- state 45 78 Foreign (14 ) 1 Total $ 554 $ 1,152 Deferred Domestic -- Federal $ 12 $ 401 Domestic -- state (9 ) 256 Foreign 165 (339 ) Total 168 318 Income tax expense $ 722 $ 1,470 Deferred income taxes reflect the net tax effect of net operating loss and credit carryforwards as well as temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The following is a summary of the significant components of our deferred tax assets and liabilities as of December 31, 2015 and 2014: December 31, Deferred tax assets: 2015 2014 Depreciation of property and equipment $ 580 $ 596 Intangibles 279 224 Net operating loss ("NOL") (state and foreign) 264 513 Inventories 186 184 Accrued vacation pay and stock-based compensation 151 126 Tax credit carryforwards (foreign, research and AMT) - 92 Allowance for doubtful accounts 55 56 Acquisition costs 31 34 Accrued warranty 5 6 Other 13 21 Total 1,564 1,852 Valuation allowance (15 ) (100 ) Deferred tax assets 1,549 1,752 Deferred tax liabilities: Net intangible assets (222 ) (232 ) Unremitted earnings of foreign subsidiaries (82 ) (107 ) Deferred tax liabilities (304 ) (339 ) Net deferred tax asset $ 1,245 $ 1,413 The net change in the valuation allowance for the years ended December 31, 2015 and 2014 were decreases of $85 and $187, respectively. In assessing the ability to realize the deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during periods in which those temporary differences become deductible. We consider the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. In order to fully realize the total deferred tax assets, we will need to generate future taxable income prior to the expiration of net operating loss and credit carryforwards which expire in various years through 2035. Years Ended December 31, 2015 2014 Expected income tax provision at U.S. statutory rate $ 878 $ 1,669 Increase (decrease) in tax from: Current year tax credits (foreign and research) (207 ) (179 ) Changes in valuation allowance (85 ) (187 ) Domestic production activities deduction (68 ) (130 ) Foreign income tax rate differences (64 ) (63 ) Deemed dividend from foreign subsidiaries 151 208 NOL carryforwards utilized 99 93 Domestic tax expense, net of Federal benefit 33 52 Nondeductible expenses 15 7 Other (30 ) - Income tax expense $ 722 $ 1,470 In accounting for income taxes, we follow the guidance in ASC Topic 740 (Income Taxes) regarding the recognition and measurement of uncertain tax positions in our financial statements. Recognition involves a determination of whether it is more likely than not that a tax position will be sustained upon examination with the presumption that the tax position will be examined by the appropriate taxing authority having full knowledge of all relevant information. Our policy is to record interest and penalties associated with unrecognized tax benefits as additional income taxes in the statement of operations. As of December 31, 2015 and 2014, we did not have an accrual for uncertain tax positions.

Note 11 - Legal Proceedings

Note 11 - Legal Proceedings	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	(11) LEGAL PROCEEDINGS From time to time we may be a party to legal proceedings occurring in the ordinary course of business. We are not currently involved in any legal proceedings the resolution of which we believe could have a material effect on our business, financial position, results of operations or long-term liquidity.

Note 12 - Stock-based Compensat

Note 12 - Stock-based Compensation Plan	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	(12) STOCK-BASED COMPENSATION PLAN As of December 31, 2015, we have unvested restricted stock awards granted under the inTEST Corporation 2007 Stock Plan (the "2007 Stock Plan"). The 2007 Stock Plan was approved at our annual meeting of stockholders held on June 13, 2007. The 2007 Stock Plan permits the granting of stock options or restricted stock, for up to 500,000 shares of our common stock, to officers, other key employees and consultants. As of December 31, 2015, 62,500 shares remain available to grant under the 2007 Stock Plan. Stock Options of Shares Weighted Exercise Price Options outstanding, January 1, 2014 (10,000 exercisable) 10,000 $ 5.66 Granted - - Exercised - - Canceled (10,000 ) 5.66 Options outstanding, December 31, 2014 - - Restricted Stock Awards Years Ended December 31, 2015 2014 Cost of revenues $ 10 $ 11 Selling expense 5 6 Engineering and product development expense 10 16 General and administrative expense 94 101 $ 119 $ 134 There was no compensation expense capitalized in 2015 or 2014. The following table summarizes the activity related to unvested shares for the two years ended December 31, 2015: of Shares Weighted Average Fair Value Unvested shares outstanding, January 1, 2014 180,000 $ 3.02 Granted 10,000 4.14 Vested (83,125 ) 2.31 Forfeited (5,000 ) 3.97 Unvested shares outstanding, December 31, 2014 101,875 3.66 Granted - - Vested (33,125 ) 3.65 Forfeited (5,000 ) 3.97 Unvested shares outstanding, December 31, 2015 63,750 3.64 The total fair value of the shares that vested during the years ended December 31, 2015 and 2014 was $138 and $351, respectively, as of the vesting dates of these shares.

Note 13 - Stock Repurchase Plan

Note 13 - Stock Repurchase Plan	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Stock Repurchase Plan [Text Block]	(13) STOCK REPURCHASE PLAN On October 27, 2015, our Board of Directors authorized the repurchase of up to $5,000 of our common stock from time to time on the open market, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, or in privately negotiated transactions pursuant to a newly authorized stock repurchase plan. Repurchases may also be made under a Rule 10b5-1 plan entered into with RW Baird & Co, which permits shares to be repurchased when we might otherwise be precluded from doing so under insider trading laws. The timing and amount of any shares repurchased under the 2015 Repurchase Plan will be determined by our management, based on our evaluation of market conditions and other factors. The 2015 Repurchase Plan does not obligate us to purchase any particular amount of common stock and may be suspended or discontinued at any time without prior notice. The 2015 Repurchase Plan will be funded using our operating cash flow or available cash.

Note 14 - Employee Benefit Plan

Note 14 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	(14) EMPLOYEE BENEFIT PLANS We have a defined contribution 401(k) plan for our employees who work in the U.S. (the "inTEST 401(k) Plan"). All permanent employees of inTEST Corporation, Temptronic Corporation and inTEST Silicon Valley Corporation who are at least 18 years of age are eligible to participate in the plan. We match employee contributions dollar for dollar up to 10% of the employee's annual compensation, with a maximum limit of $5. Employer contributions vest ratably over four years. Matching contributions are discretionary. For the years ended December 31, 2015 and 2014, we recorded $329 and $317 of expense for matching contributions, respectively.

Note 15 - Segment Information

Note 15 - Segment Information	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	(15) SEGMENT INFORMATION We have three reportable segments, which are also our reporting units: Thermal Products, Mechanical Products and Electrical Products. Years Ended December 31, 2015 2014 Net revenues from unaffiliated customers: Thermal Products $ 24,084 $ 23,446 Mechanical Products 7,539 11,245 Electrical Products 7,266 7,105 $ 38,889 $ 41,796 Depreciation/amortization: Thermal Products $ 581 $ 720 Mechanical Products 79 87 Electrical Products 94 72 $ 754 $ 879 Operating income (loss): Thermal Products $ 4,517 $ 4,740 Mechanical Products (1,902 ) (18 ) Electrical Products 673 781 Corporate (726 ) (587 ) $ 2,562 $ 4,916 Earnings (loss) before income tax expense (benefit): Thermal Products $ 4,479 $ 4,699 Mechanical Products (1,874 ) (5 ) Electrical Products 704 802 Corporate (726 ) (587 ) $ 2,583 $ 4,909 Income tax expense (benefit): Thermal Products $ 1,252 $ 1,407 Mechanical Products (524 ) (2 ) Electrical Products 197 240 Corporate (203 ) (175 ) $ 722 $ 1,470 Years Ended December 31, 2015 2014 Net earnings (loss): Thermal Products $ 3,227 $ 3,292 Mechanical Products (1,350 ) (3 ) Electrical Products 507 562 Corporate (523 ) (412 ) $ 1,861 $ 3,439 Capital expenditures: Thermal Products $ 389 $ 595 Mechanical Products 101 96 Electrical Products 109 140 $ 599 $ 831 December 31, 2015 2014 Identifiable assets: Thermal Products $ 16,983 $ 26,211 Mechanical Products 19,733 7,801 Electrical Products 3,268 4,726 $ 39,984 $ 38,738 The following table provides information about our geographic areas of operation. Net revenues from unaffiliated customers are based on the location to which the goods are shipped. Years Ended December 31, 2015 2014 Net revenues from unaffiliated customers: U.S. $ 14,294 $ 14,363 Foreign 24,595 27,433 $ 38,889 $ 41,796 December 31, 2015 2014 Property and equipment: U.S. $ 797 $ 621 Foreign 315 647 $ 1,112 $ 1,268

Note 16 - Quarterly Consolidate

Note 16 - Quarterly Consolidated Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Quarterly Financial Information [Text Block]	(16) QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited) The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2015. In our opinion, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of results for the full year or for any future period. Quarters Ended 3/31/15 6/30/15 9/30/15 12/31/15 Total Net revenues $ 10,188 $ 11,559 $ 9,203 $ 7,939 $ 38,889 Gross margin 4,918 5,846 4,323 3,611 18,698 Earnings (loss) before income tax expense (benefit) 671 1,659 407 (154 ) 2,583 Income tax expense (benefit) 233 579 97 (187 ) 722 Net earnings 438 1,080 310 33 1,861 Net earnings per common share - basic $ 0.04 $ 0.10 $ 0.03 $ 0.00 $ 0.18 Weighted average common shares outstanding - basic 10,465,414 10,471,888 10,473,928 10,481,612 10,473,210 Net earnings per common share - diluted $ 0.04 $ 0.10 $ 0.03 $ 0.00 $ 0.18 Weighted average common shares outstanding - diluted 10,483,527 10,494,457 10,498,911 10,498,369 10,493,830 Quarters Ended 3/31/14 6/30/14 9/30/14 12/31/14 Total Net revenues $ 8,797 $ 12,343 $ 10,794 $ 9,862 $ 41,796 Gross margin 4,185 6,082 5,168 5,027 20,462 Earnings before income tax expense 411 2,054 1,268 1,176 4,909 Income tax expense 125 697 431 217 1,470 Net earnings 286 1,357 837 959 3,439 Net earnings per common share - basic $ 0.03 $ 0.13 $ 0.08 $ 0.09 $ 0.33 Weighted average common shares outstanding - basic 10,393,956 10,436,730 10,440,803 10,454,716 10,431,743 Net earnings per common share - diluted $ 0.03 $ 0.13 $ 0.08 $ 0.09 $ 0.33 Weighted average common shares outstanding - diluted 10,448,911 10,456,183 10,477,814 10,480,867 10,466,064

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis Of Presentation And Use Of Estimates [Policy Text Block]	Basis of Presentation and Use of Estimates The accompanying consolidated financial statements include our accounts and those of our wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated upon consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain of our accounts, including inventories, long lived assets, goodwill, identifiable intangibles and deferred tax assets and liabilities including related valuation allowances, are particularly impacted by estimates.
Reclassification, Policy [Policy Text Block]	Reclassification Certain prior year amounts have been reclassified to be comparable with the current year's presentation.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Short term investments that have maturities of three months or less when purchased are considered to be cash equivalents and are carried at cost, which approximates market value. Our cash balances, which are deposited with highly reputable financial institutions, at times may exceed the federally insured limits. We have not experienced any losses related to these cash balances and believe the credit risk to be minimal.
Receivables, Policy [Policy Text Block]	Trade Accounts Receivable and Allowance for Doubtful Accounts Trade accounts receivable are recorded at the invoiced amount and do not bear interest. We grant credit to customers and generally require no collateral. To minimize our risk, we perform ongoing credit evaluations of our customers' financial condition. The allowance for doubtful accounts is our best estimate of the amount of probable credit losses in our existing accounts receivable. We determine the allowance based on historical write off experience and the aging of such receivables, among other factors. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. We do not have any off balance sheet credit exposure related to our customers. There was no bad debt expense recorded in either of the years ended December 31, 2015 or 2014. Cash flows from accounts receivable are recorded in operating cash flows.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value of Financial Instruments Our financial instruments, principally accounts receivable and accounts payable, are carried at cost which approximates fair value, due to the short maturities of the accounts.
Inventory, Policy [Policy Text Block]	Inventories Inventories are valued at cost on a first in, first out basis, not in excess of market value. Cash flows from the sale of inventories are recorded in operating cash flows. On a quarterly basis, we review our inventories and record excess and obsolete inventory charges based upon our established objective excess and obsolete inventory criteria. These criteria identify material that has not been used in a work order during the prior twelve months and the quantity of material on hand that is greater than the average annual usage of that material over the prior three years. In certain cases, additional excess and obsolete inventory charges are recorded based upon current market conditions, anticipated product life cycles, new product introductions and expected future use of the inventory. The excess and obsolete inventory charges we record establish a new cost basis for the related inventories. We incurred excess and obsolete inventory charges of $342 and $344 for the years ended December 31, 2015 and 2014, respectively.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Machinery and equipment are stated at cost. As further discussed below under "Goodwill, Intangible and Long Lived Assets," machinery and equipment that has been determined to be impaired is written down to its fair value at the time of the impairment. Depreciation is based upon the estimated useful life of the assets using the straight line method. The estimated useful lives range from one to ten years. Leasehold improvements are recorded at cost and amortized over the shorter of the lease term or the estimated useful life of the asset. Total depreciation expense was $465 and $524 for the years ended December 31, 2015 and 2014, respectively.
Goodwill Intangible And Long Lived Assets [Policy Text Block]	Goodwill, Intangible and Long-Lived Assets We account for goodwill and intangible assets in accordance with Accounting Standards Codification ("ASC") 350 (Intangibles Goodwill and Other). Finite lived intangible assets are amortized over their estimated useful economic life and are carried at cost less accumulated amortization. Goodwill is assessed for impairment at least annually in the fourth quarter, on a reporting unit basis, or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. As a part of the goodwill impairment assessment, we have the option to perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If we determine this is the case, we are required to perform a two step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized. The two step test is discussed below. If we determine that it is more likely than not that the fair value of the reporting unit is greater than its carrying amounts, the two step goodwill impairment test is not required. If we determine it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a result of our qualitative assessment, we will perform a quantitative two step goodwill impairment test. In the Step I test, the fair value of a reporting unit is computed and compared with its book value. If the book value of a reporting unit exceeds its fair value, a Step II test is performed in which the implied fair value of goodwill is compared with the carrying amount of goodwill. If the carrying amount of goodwill exceeds the implied fair value, an impairment loss is recorded in an amount equal to that excess. The two step goodwill impairment assessment is based upon a combination of the income approach, which estimates the fair value of our reporting units based upon a discounted cash flow approach, and the market approach which estimates the fair value of our reporting units based upon comparable market multiples. This fair value is then reconciled to our market capitalization at year end with an appropriate control premium. The determination of the fair value of our reporting units requires management to make significant estimates and assumptions including the selection of appropriate peer group companies, control premiums, discount rate, terminal growth rates, forecasts of revenue and expense growth rates, changes in working capital, depreciation, amortization and capital expenditures. Changes in assumptions concerning future financial results or other underlying assumptions could have a significant impact on either the fair value of the reporting unit or the amount of the goodwill impairment charge. Indefinite lived intangible assets are assessed for impairment at least annually in the fourth quarter, or more frequently if events or changes in circumstances indicate that the asset might be impaired. As a part of the impairment assessment, we have the option to perform a qualitative assessment to determine whether it is more likely than not that an indefinite lived intangible asset is impaired. If, as a result of our qualitative assessment, we determine that it is more likely than not that the fair value of the indefinite lived intangible asset is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The quantitative impairment test consists of a comparison of the fair value of the intangible asset with its carrying amount. If the carrying amount of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation
Subsequent Events, Policy [Policy Text Block]	Subsequent Events
Revenue Recognition, Policy [Policy Text Block]
Standard Product Warranty, Policy [Policy Text Block]	Product Warranties
Research and Development Expense, Policy [Policy Text Block]	Engineering and Product Development
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency
Income Tax, Policy [Policy Text Block]	Income Taxes The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for operating loss and tax credit carryforwards and for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets if it is more likely than not that such assets will not be realized.
Earnings Per Share, Policy [Policy Text Block]	Net Earnings Per Common Share Net earnings per common share basic is computed by dividing net earnings by the weighted average number of common shares outstanding during each period. Net earnings per common share diluted is computed by dividing net earnings by the weighted average number of common shares and common share equivalents outstanding during each period. Common share equivalents represent unvested shares of restricted stock and stock options and are calculated using the treasury stock method. Common share equivalents are excluded from the calculation if their effect is anti dilutive. The table below sets forth, for the periods indicated, a reconciliation of weighted average common shares outstanding basic to weighted average common shares and common share equivalents outstanding diluted and the average number of potentially dilutive securities that were excluded from the calculation of diluted earnings per share because their effect was anti dilutive: Years Ended December 31, 2015 2014 Weighted average common shares outstanding - basic 10,473,210 10,431,743 Potentially dilutive securities: Unvested shares of restricted stock and employee stock options 20,620 34,321 Weighted average common shares outstanding - diluted 10,493,830 10,466,064 Average number of potentially dilutive securities excluded from calculation - 4,753
New Accounting Pronouncements, Policy [Policy Text Block]	Effect of Recently Issued Amendments to Authoritative Accounting Guidance FASB issued amendments to the current guidance on the recognition and measurement of financial assets and financial liabilities which is presented in ASC Topic 825 (Financial Instruments). The intent of the updated guidance is to enhance the reporting model for financial instruments to provide users of financial statements with improved decision-making information. The updated guidance includes amendments to address aspects of recognition, measurement, presentation and disclosure. Changes included in the amendments are the requirement to measure equity investments at fair value, except those accounted for under the equity method of accounting or those that result in the consolidation of an investee, with changes in fair value recognized in net income; the requirement for a qualitative assessment to identify impairment of equity investments without readily determinable fair values; and the requirement for separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. The amendments are effective for us as of January 1, 2018. Early application is permitted. We do not expect the implementation of these amendments to have a material impact on our consolidated financial statements. In November 2015, the FASB i ssued amendments to update the current guidance on the balance sheet classification of deferred taxes which is presented in ASC Topic 740 (Income Taxes). The purpose of the amendments is to simplify the presentation of deferred tax assets. This guidance requires deferred tax assets and liabilities, along with related valuation allowances, to be classified as noncurrent on the balance sheet. As a result, each tax jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance does not change the existing requirement that prohibits offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. The amendments are effective for us as of January 1, 2017. Early application is permitted. We currently plan to elect early application of this guidance effective January 1, 2016. We do not expect the implementation of these amendments to have a material impact on our consolidated financial statements.

Note 2 - Summary of Significa25

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Years Ended December 31, 2015 2014 Weighted average common shares outstanding - basic 10,473,210 10,431,743 Potentially dilutive securities: Unvested shares of restricted stock and employee stock options 20,620 34,321 Weighted average common shares outstanding - diluted 10,493,830 10,466,064 Average number of potentially dilutive securities excluded from calculation - 4,753

Note 3 - Goodwill and Intangi26

Note 3 - Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule Of Intangible Assets [Table Text Block]	December 31, 2015 Gross Amount Amortization Net Amount Finite-lived intangible assets: Customer relationships $ 1,480 $ 1,166 $ 314 Patented technology 590 386 204 Software 270 196 74 Trade name 140 138 2 Total finite-lived intangible assets 2,480 1,886 594 Indefinite-lived intangible assets: Sigma trademark 510 - 510 Total intangible assets $ 2,990 $ 1,886 $ 1,104 December 31, 2014 Gross Amount Amortization Net Amount Finite-lived intangible assets: Customer relationships $ 1,480 $ 979 $ 501 Patented technology 590 346 244 Software 270 169 101 Trade name 140 103 37 Total finite-lived intangible assets 2,480 1,597 883 Indefinite-lived intangible assets: Sigma trademark 510 - 510 Total intangible assets $ 2,990 $ 1,597 $ 1,393
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Remaining Dec. 31, 2015 - - - - (in months) - - - - Finite-lived intangible assets resulting from the acquisition of Sigma: Customer relationships 72 - Software 120 33 Patented technology 60 - Finite-lived intangible assets resulting from the acquisition of Thermonics: Customer relationships 72 24.5 Trade name 48 .5 Patented technology 132 84.5
Schedule of Carrying Value of Finite-lived Intangible Assets [Table Text Block]	Balance - January 1, 2015 $ 883 Amortization (289 ) Balance - December 31, 2015 $ 594
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2016 $ 229 2017 212 2018 65 2019 39 2020 30

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Inventory, Current [Table Text Block]	2015 2014 Raw materials $ 2,535 $ 2,505 Work in process 295 406 Inventory consigned to others 119 129 Finished goods 571 729 Total inventories $ 3,520 $ 3,769

Note 6 - Other Current Liabil28

Note 6 - Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Current Liabilities [Table Text Block]	2015 2014 Deferred revenue and customer deposits $ 173 $ 70 Accrued warranty 94 118 Domestic and foreign income taxes payable 26 22 Other 74 65 Total other current liabilities $ 367 $ 275

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule Of Outstanding Letters Of Credit [Table Text Block]	L/C Lease Letters of Credit Amount Outstanding Facility Original L/C Issue Date Expiration Date Expiration Date Dec. 31 Dec. 31, Mt. Laurel, NJ 3/29/2010 4/01/2016 4/30/2021 $ 250 $ 250 Mansfield, MA 10/27/2010 11/08/2016 8/31/2021 100 100 $ 350 $ 350

Note 9 - Commitments and Cont30

Note 9 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	2016 $ 1,149 2017 1,097 2018 1,014 2019 1,006 2020 998 Thereafter 508 Total $ 5,772

Note 10 - Income Taxes (Tables)

Note 10 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Years Ended 2015 2014 Domestic $ 1,868 $ 4,061 Foreign 715 848 Total $ 2,583 $ 4,909
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years Ended 2015 2014 Current Domestic -- Federal $ 523 $ 1,073 Domestic -- state 45 78 Foreign (14 ) 1 Total $ 554 $ 1,152 Deferred Domestic -- Federal $ 12 $ 401 Domestic -- state (9 ) 256 Foreign 165 (339 ) Total 168 318 Income tax expense $ 722 $ 1,470
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, Deferred tax assets: 2015 2014 Depreciation of property and equipment $ 580 $ 596 Intangibles 279 224 Net operating loss ("NOL") (state and foreign) 264 513 Inventories 186 184 Accrued vacation pay and stock-based compensation 151 126 Tax credit carryforwards (foreign, research and AMT) - 92 Allowance for doubtful accounts 55 56 Acquisition costs 31 34 Accrued warranty 5 6 Other 13 21 Total 1,564 1,852 Valuation allowance (15 ) (100 ) Deferred tax assets 1,549 1,752 Deferred tax liabilities: Net intangible assets (222 ) (232 ) Unremitted earnings of foreign subsidiaries (82 ) (107 ) Deferred tax liabilities (304 ) (339 ) Net deferred tax asset $ 1,245 $ 1,413
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended December 31, 2015 2014 Expected income tax provision at U.S. statutory rate $ 878 $ 1,669 Increase (decrease) in tax from: Current year tax credits (foreign and research) (207 ) (179 ) Changes in valuation allowance (85 ) (187 ) Domestic production activities deduction (68 ) (130 ) Foreign income tax rate differences (64 ) (63 ) Deemed dividend from foreign subsidiaries 151 208 NOL carryforwards utilized 99 93 Domestic tax expense, net of Federal benefit 33 52 Nondeductible expenses 15 7 Other (30 ) - Income tax expense $ 722 $ 1,470

Note 12 - Stock-based Compens32

Note 12 - Stock-based Compensation Plan (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	of Shares Weighted Exercise Price Options outstanding, January 1, 2014 (10,000 exercisable) 10,000 $ 5.66 Granted - - Exercised - - Canceled (10,000 ) 5.66 Options outstanding, December 31, 2014 - -
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Years Ended December 31, 2015 2014 Cost of revenues $ 10 $ 11 Selling expense 5 6 Engineering and product development expense 10 16 General and administrative expense 94 101 $ 119 $ 134
Schedule of Nonvested Share Activity [Table Text Block]	of Shares Weighted Average Fair Value Unvested shares outstanding, January 1, 2014 180,000 $ 3.02 Granted 10,000 4.14 Vested (83,125 ) 2.31 Forfeited (5,000 ) 3.97 Unvested shares outstanding, December 31, 2014 101,875 3.66 Granted - - Vested (33,125 ) 3.65 Forfeited (5,000 ) 3.97 Unvested shares outstanding, December 31, 2015 63,750 3.64

Note 15 - Segment Information (

Note 15 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Asset [Member]
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	December 31, 2015 2014 Identifiable assets: Thermal Products $ 16,983 $ 26,211 Mechanical Products 19,733 7,801 Electrical Products 3,268 4,726 $ 39,984 $ 38,738
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Years Ended December 31, 2015 2014 Net revenues from unaffiliated customers: Thermal Products $ 24,084 $ 23,446 Mechanical Products 7,539 11,245 Electrical Products 7,266 7,105 $ 38,889 $ 41,796 Depreciation/amortization: Thermal Products $ 581 $ 720 Mechanical Products 79 87 Electrical Products 94 72 $ 754 $ 879 Operating income (loss): Thermal Products $ 4,517 $ 4,740 Mechanical Products (1,902 ) (18 ) Electrical Products 673 781 Corporate (726 ) (587 ) $ 2,562 $ 4,916 Earnings (loss) before income tax expense (benefit): Thermal Products $ 4,479 $ 4,699 Mechanical Products (1,874 ) (5 ) Electrical Products 704 802 Corporate (726 ) (587 ) $ 2,583 $ 4,909 Income tax expense (benefit): Thermal Products $ 1,252 $ 1,407 Mechanical Products (524 ) (2 ) Electrical Products 197 240 Corporate (203 ) (175 ) $ 722 $ 1,470 Years Ended December 31, 2015 2014 Net earnings (loss): Thermal Products $ 3,227 $ 3,292 Mechanical Products (1,350 ) (3 ) Electrical Products 507 562 Corporate (523 ) (412 ) $ 1,861 $ 3,439 Capital expenditures: Thermal Products $ 389 $ 595 Mechanical Products 101 96 Electrical Products 109 140 $ 599 $ 831
Revenue from External Customers by Geographic Areas [Table Text Block]	Years Ended December 31, 2015 2014 Net revenues from unaffiliated customers: U.S. $ 14,294 $ 14,363 Foreign 24,595 27,433 $ 38,889 $ 41,796
Long-lived Assets by Geographic Areas [Table Text Block]	December 31, 2015 2014 Property and equipment: U.S. $ 797 $ 621 Foreign 315 647 $ 1,112 $ 1,268

Note 16 - Quarterly Consolida34

Note 16 - Quarterly Consolidated Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Quarterly Financial Information [Table Text Block]	Quarters Ended 3/31/15 6/30/15 9/30/15 12/31/15 Total Net revenues $ 10,188 $ 11,559 $ 9,203 $ 7,939 $ 38,889 Gross margin 4,918 5,846 4,323 3,611 18,698 Earnings (loss) before income tax expense (benefit) 671 1,659 407 (154 ) 2,583 Income tax expense (benefit) 233 579 97 (187 ) 722 Net earnings 438 1,080 310 33 1,861 Net earnings per common share - basic $ 0.04 $ 0.10 $ 0.03 $ 0.00 $ 0.18 Weighted average common shares outstanding - basic 10,465,414 10,471,888 10,473,928 10,481,612 10,473,210 Net earnings per common share - diluted $ 0.04 $ 0.10 $ 0.03 $ 0.00 $ 0.18 Weighted average common shares outstanding - diluted 10,483,527 10,494,457 10,498,911 10,498,369 10,493,830 Quarters Ended 3/31/14 6/30/14 9/30/14 12/31/14 Total Net revenues $ 8,797 $ 12,343 $ 10,794 $ 9,862 $ 41,796 Gross margin 4,185 6,082 5,168 5,027 20,462 Earnings before income tax expense 411 2,054 1,268 1,176 4,909 Income tax expense 125 697 431 217 1,470 Net earnings 286 1,357 837 959 3,439 Net earnings per common share - basic $ 0.03 $ 0.13 $ 0.08 $ 0.09 $ 0.33 Weighted average common shares outstanding - basic 10,393,956 10,436,730 10,440,803 10,454,716 10,431,743 Net earnings per common share - diluted $ 0.03 $ 0.13 $ 0.08 $ 0.09 $ 0.33 Weighted average common shares outstanding - diluted 10,448,911 10,456,183 10,477,814 10,480,867 10,466,064

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Details Textual)	12 Months Ended
	Dec. 31, 2015
Number of Reportable Segments	3

Note 2 - Summary of Significa36

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Minimum [Member]
Property, Plant and Equipment, Useful Life	1 year
Maximum [Member]
Property, Plant and Equipment, Useful Life	10 years
Thermal Products and Mechanical Products [Member]
Equipment Leased To Customers Initial Term	180 days
Provision for Doubtful Accounts	$ 0	$ 0
Inventory Write-down	342,000	344,000
Depreciation	465,000	524,000
Foreign Currency Transaction Gain (Loss), before Tax	$ (33,000)	$ (44,000)

Note 2 - Summary of Significa37

Note 2 - Summary of Significant Accounting Policies - Weighted Average Common Shares (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Weighted average common shares outstanding - basic (in shares)	10,473,210	10,431,743
Potentially dilutive securities:
Unvested shares of restricted stock and employee stock options (in shares)	20,620	34,321
Weighted average common shares outstanding - diluted (in shares)	10,493,830	10,466,064
Average number of potentially dilutive securities excluded from calculation (in shares)		4,753

Note 3 - Goodwill and Intangi38

Note 3 - Goodwill and Intangible Assets (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Goodwill, Period Increase (Decrease)	$ 0
Amortization of Intangible Assets	$ 289,000	$ 355,000
Fair Value Inputs, Discount Rate	20.00%	17.00%
Percent By Which Goodwill Exceeds Fair Value	84.00%	68.00%
Amount By Which Goodwill Exceeds Fair Value	$ 12,019,000	$ 15,971,000

Note 3 - Goodwill and Intangi39

Note 3 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Customer Relationships [Member]
Finite-lived intangible assets:
Finite-lived, Gross Carrying Amount	$ 1,480	$ 1,480
Finite-lived, Accumulated Amortization	1,166	979
Net Carrying Amount	314	501
Indefinite-lived intangible assets:
Finite-lived, Accumulated Amortization	1,166	979
Patented Technology [Member]
Finite-lived intangible assets:
Finite-lived, Gross Carrying Amount	590	590
Finite-lived, Accumulated Amortization	386	346
Net Carrying Amount	204	244
Indefinite-lived intangible assets:
Finite-lived, Accumulated Amortization	386	346
Computer Software, Intangible Asset [Member]
Finite-lived intangible assets:
Finite-lived, Gross Carrying Amount	270	270
Finite-lived, Accumulated Amortization	196	169
Net Carrying Amount	74	101
Indefinite-lived intangible assets:
Finite-lived, Accumulated Amortization	196	169
Trade Names [Member]
Finite-lived intangible assets:
Finite-lived, Gross Carrying Amount	140	140
Finite-lived, Accumulated Amortization	138	103
Net Carrying Amount	2	37
Indefinite-lived intangible assets:
Finite-lived, Accumulated Amortization	138	103
Trademarks [Member]
Indefinite-lived intangible assets:
Indefinite-lived, Gross Carrying Amount	510	510
Finite-lived, Gross Carrying Amount	2,480	2,480
Finite-lived, Accumulated Amortization	1,886	1,597
Net Carrying Amount	594	883
Intangible Assets, Gross Carrying Amount	2,990	2,990
Finite-lived, Accumulated Amortization	1,886	1,597
Net Carrying Amount	$ 1,104	$ 1,393

Note 3 - Estimated Useful Lives

Note 3 - Estimated Useful Lives of Finite Lived Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2015
Customer Relationships [Member] | Sigma [Member]
Estimated Useful Life	6 years
Customer Relationships [Member] | Thermonics [Member]
Estimated Useful Life	6 years
Remaining Estimated Useful Life	2 years 15 days
Computer Software, Intangible Asset [Member] | Sigma [Member]
Estimated Useful Life	10 years
Remaining Estimated Useful Life	2 years 270 days
Patented Technology [Member] | Sigma [Member]
Estimated Useful Life	5 years
Patented Technology [Member] | Thermonics [Member]
Estimated Useful Life	11 years
Remaining Estimated Useful Life	7 years 15 days
Trade Names [Member] | Thermonics [Member]
Estimated Useful Life	4 years
Remaining Estimated Useful Life	15 days

Note 3 - Changes in the Amount

Note 3 - Changes in the Amount of the Carrying Value of Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Balance - January 1, 2015	$ 883,000
Amortization	(289,000)	$ (355,000)
Balance - December 31, 2015	$ 594,000	$ 883,000

Note 3 - Goodwill and Intangi42

Note 3 - Goodwill and Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2015USD ($)
2,016	$ 229
2,017	212
2,018	65
2,019	39
2,020	$ 30

Note 4 - Major Customers (Detai

Note 4 - Major Customers (Details Textual)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Hakuto Co Ltd [Member]
Concentration Risk, Percentage	12.00%	11.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Texas Instruments Incorporated [Member]
Concentration Risk, Percentage		13.00%
Number of Operating Segments	3

Note 5 - Inventories Held (Deta

Note 5 - Inventories Held (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Raw materials	$ 2,535	$ 2,505
Work in process	295	406
Inventory consigned to others	119	129
Finished goods	571	729
Total inventories	$ 3,520	$ 3,769

Note 6 - Other Current Liabil45

Note 6 - Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred revenue and customer deposits	$ 173	$ 70
Accrued warranty	94	118
Domestic and foreign income taxes payable	26	22
Other	74	65
Total other current liabilities	$ 367	$ 275

Note 7 - Debt - Outstanding Let

Note 7 - Debt - Outstanding Letters of Credit (Details) - Letter of Credit [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Mt Laurel [Member]
Line of Credit, Issue Date	Mar. 29, 2010
Line of Credit, ExpirationDate	Apr. 1, 2016
Lease Expiration Date	Apr. 30, 2021
Letters of Credit Amount Outstanding	$ 250	$ 250
Mansfield [Member]
Line of Credit, Issue Date	Oct. 27, 2010
Line of Credit, ExpirationDate	Nov. 8, 2016
Lease Expiration Date	Aug. 31, 2021
Letters of Credit Amount Outstanding	$ 100	100
Letters of Credit Amount Outstanding	$ 350	$ 350

Note 8 - Equipment Leasing (Det

Note 8 - Equipment Leasing (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Thermal Products and Mechanical Products [Member]
Equipment Leased To Customers Initial Term	180 days
Equipment Leased to Other Party [Member]
Machinery and Equipment, Gross	$ 338	$ 692
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	124	167
Operating Leases, Future Minimum Payments Receivable, Current	55
Machinery and Equipment, Gross	4,377	4,322
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 3,868	$ 3,647

Note 9 - Commitments and Cont48

Note 9 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating Leases, Rent Expense	$ 1,351	$ 1,307

Note 9 - Minimum Rental Commitm

Note 9 - Minimum Rental Commitments Under Noncancellable Operating Leases (Details) $ in Thousands	Dec. 31, 2015USD ($)
2,016	$ 1,149
2,017	1,097
2,018	1,014
2,019	1,006
2,020	998
Thereafter	508
Total	$ 5,772

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%	34.00%
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	$ 0	$ 0
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	85,000	187,000
Liability for Uncertain Tax Positions, Current	$ 0	$ 0

Note 10 - Earnings Before Incom

Note 10 - Earnings Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Domestic	$ 1,868	$ 4,061
Foreign	715	848
Total	$ 2,583	$ 4,909

Note 10 - Income Tax Expense (B

Note 10 - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Current
Domestic -- Federal	$ 523	$ 1,073
Domestic -- state	45	78
Foreign	(14)	1
Total	554	1,152
Deferred
Domestic -- Federal	12	401
Domestic -- state	(9)	256
Foreign	165	(339)
Total	168	318
Income tax expense	$ 722	$ 1,470

Note 10 - Deferred Tax Assets a

Note 10 - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Depreciation of property and equipment	$ 580	$ 596
Intangibles	279	224
Net operating loss ("NOL") (state and foreign)	264	513
Inventories	186	184
Accrued vacation pay and stock-based compensation	$ 151	126
Tax credit carryforwards (foreign, research and AMT)		92
Allowance for doubtful accounts	$ 55	56
Acquisition costs	31	34
Accrued warranty	5	6
Other	13	21
Total	1,564	1,852
Valuation allowance	(15)	(100)
Deferred tax assets	1,549	1,752
Net intangible assets	(222)	(232)
Unremitted earnings of foreign subsidiaries	(82)	(107)
Deferred tax liabilities	(304)	(339)
Net deferred tax asset	$ 1,245	$ 1,413

Note 10 - Effective Tax Rate An

Note 10 - Effective Tax Rate Analysis and Reconciliation of Expected Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Expected income tax provision at U.S. statutory rate	$ 878	$ 1,669
Increase (decrease) in tax from:
Current year tax credits (foreign and research)	(207)	(179)
Changes in valuation allowance	(85)	(187)
Domestic production activities deduction	(68)	(130)
Foreign income tax rate differences	(64)	(63)
Deemed dividend from foreign subsidiaries	151	208
NOL carryforwards utilized	99	93
Domestic tax expense, net of Federal benefit	33	52
Nondeductible expenses	15	$ 7
Other	(30)
Income tax expense	$ 722	$ 1,470

Note 12 - Stock-based Compens55

Note 12 - Stock-based Compensation Plan (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Stock Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	500,000
Stock Plan 2007 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	62,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	500,000
Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	$ 0	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 187,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 138,000	$ 351,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Period Increase (Decrease)	0

Note 12 - Stock Option Activity

Note 12 - Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2014$ / sharesshares
Options outstanding, January 1, 2014 (10,000 exercisable) (in shares) | shares	10,000
Options outstanding, January 1, 2014 (10,000 exercisable) (in dollars per share) | $ / shares	$ 5.66
Canceled (in shares) | shares	(10,000)
Canceled (in dollars per share) | $ / shares	$ 5.66
Options outstanding, December 31, 2014 (in shares) | shares
Options outstanding, December 31, 2014 (in dollars per share) | $ / shares

Note 12 - Stock Option Activi57

Note 12 - Stock Option Activity (Details) (Parentheticals)	Dec. 31, 2014shares
Options exercisable - number of shares (in shares)	10,000

Note 12 - Stock-based Compens58

Note 12 - Stock-based Compensation - Allocation of Share-based Compensation Expense (Details) - Restricted Stock [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cost of Sales [Member]
Allocation of Share-Based Compensation Expense	$ 10	$ 11
Selling and Marketing Expense [Member]
Allocation of Share-Based Compensation Expense	5	6
Research and Development Expense [Member]
Allocation of Share-Based Compensation Expense	10	16
General and Administrative Expense [Member]
Allocation of Share-Based Compensation Expense	94	101
Allocation of Share-Based Compensation Expense	$ 119	$ 134

Note 12 - Stock-based Compens59

Note 12 - Stock-based Compensation - Nonvested Shares (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unvested shares outstanding (in shares)	101,875	180,000
Unvested shares outstanding (in dollars per share)	$ 3.66	$ 3.02
Granted (in shares)		10,000
Granted (in dollars per share)		$ 4.14
Vested (in shares)	(33,125)	(83,125)
Vested (in dollars per share)	$ 3.65	$ 2.31
Forfeited (in shares)	(5,000)	(5,000)
Forfeited (in dollars per share)	$ 3.97	$ 3.97
Unvested shares outstanding (in shares)	63,750	101,875
Unvested shares outstanding (in dollars per share)	$ 3.64	$ 3.66

Note 13 - Stock Repurchase Pl60

Note 13 - Stock Repurchase Plan (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Oct. 27, 2015
Stock Repurchase Program, Authorized Amount		$ 5,000
Stock Repurchased and Retired During Period, Shares	41,332
Stock Repurchased and Retired During Period, Value	$ 155
Payments for Brokerage Fees	$ 1

Note 14 - Employee Benefit Pl61

Note 14 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	10.00%
Defined Contribution Plan Maximum Annual Employer Matching Contribution Per Emplyee Amount	$ 5
Defined Contribution Plan Employer Matching Contribution Vesting Period	4 years
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 329	$ 317

Note 15 - Segment Information62

Note 15 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2015
Number of Reportable Segments	3

Note 15 - Segment Information -

Note 15 - Segment Information - Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Thermal Products [Member]
Net revenues from unaffiliated customers	$ 24,084	$ 23,446
Depreciation/amorization	581	720
Operating Income (Loss)	4,517	4,740
Earnings (loss) before income tax expense (benefit)	4,479	4,699
Income tax expense (benefit)	1,252	1,407
Net earnings (loss)	3,227	3,292
Capital expenditures	389	595
Mechanical Products [Member]
Net revenues from unaffiliated customers	7,539	11,245
Depreciation/amorization	79	87
Operating Income (Loss)	(1,902)	(18)
Earnings (loss) before income tax expense (benefit)	(1,874)	(5)
Income tax expense (benefit)	(524)	(2)
Net earnings (loss)	(1,350)	(3)
Capital expenditures	101	96
Electrical Products [Member]
Net revenues from unaffiliated customers	7,266	7,105
Depreciation/amorization	94	72
Operating Income (Loss)	673	781
Earnings (loss) before income tax expense (benefit)	704	802
Income tax expense (benefit)	197	240
Net earnings (loss)	507	562
Capital expenditures	109	140
Corporate Segment [Member]
Operating Income (Loss)	(726)	(587)
Earnings (loss) before income tax expense (benefit)	(726)	(587)
Income tax expense (benefit)	(203)	(175)
Net earnings (loss)	(523)	(412)
Net revenues from unaffiliated customers	38,889	41,796
Depreciation/amorization	754	879
Operating Income (Loss)	2,562	4,916
Earnings (loss) before income tax expense (benefit)	2,583	4,909
Income tax expense (benefit)	722	1,470
Net earnings (loss)	1,861	3,439
Capital expenditures	$ 599	$ 831

Note 15 - Segment Information64

Note 15 - Segment Information - Identifiable Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Thermal Products [Member]
ASSETS
Identifiable Assets	$ 16,983	$ 26,211
Mechanical Products [Member]
ASSETS
Identifiable Assets	19,733	7,801
Electrical Products [Member]
ASSETS
Identifiable Assets	3,268	4,726
Identifiable Assets	$ 39,984	$ 38,738

Note 15 - Segment Information65

Note 15 - Segment Information - Net Revenue from Unaffiliated Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
UNITED STATES
Net revenues from unaffiliated customers	$ 14,294	$ 14,363
Foreign [Member]
Net revenues from unaffiliated customers	24,595	27,433
Net revenues from unaffiliated customers	$ 38,889	$ 41,796

Note 15 - Segment Information66

Note 15 - Segment Information - Long-lived Assets by Geographical Area (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
UNITED STATES
Property and equipment:
Property and Equipment	$ 797	$ 621
Foreign [Member]
Property and equipment:
Property and Equipment	315	647
Property and Equipment	$ 1,112	$ 1,268

Note 16 - Quarterly Consolida67

Note 16 - Quarterly Consolidated Financial Data (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Net revenues	$ 7,939	$ 9,203	$ 11,559	$ 10,188	$ 9,862	$ 10,794	$ 12,343	$ 8,797	$ 38,889	$ 41,796
Gross margin	3,611	4,323	5,846	4,918	5,027	5,168	6,082	4,185	18,698	20,462
Earnings (loss) before income tax expense (benefit)	(154)	407	1,659	671	1,176	1,268	2,054	411	2,583	4,909
Income tax expense (benefit)	(187)	97	579	233	217	431	697	125	722	1,470
Net earnings	$ 33	$ 310	$ 1,080	$ 438	$ 959	$ 837	$ 1,357	$ 286	$ 1,861	$ 3,439
Net earnings per common share - basic (in dollars per share)	$ 0	$ 0.03	$ 0.10	$ 0.04	$ 0.09	$ 0.08	$ 0.13	$ 0.03	$ 0.18	$ 0.33
Weighted average common shares outstanding - basic (in shares)	10,481,612	10,473,928	10,471,888	10,465,414	10,454,716	10,440,803	10,436,730	10,393,956	10,473,210	10,431,743
Net earnings per common share - diluted (in dollars per share)	$ 0	$ 0.03	$ 0.10	$ 0.04	$ 0.09	$ 0.08	$ 0.13	$ 0.03	$ 0.18	$ 0.33
Weighted average common shares outstanding - diluted (in shares)	10,498,369	10,498,911	10,494,457	10,483,527	10,480,867	10,477,814	10,456,183	10,448,911	10,493,830	10,466,064

Note 17 - Subsequent Event (Det

Note 17 - Subsequent Event (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jan. 22, 2016	Jan. 04, 2016	Feb. 29, 2016	Dec. 31, 2015	Dec. 31, 2014
Subsequent Event [Member] | Certain Executive Officers, Directors, and Key Employees [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche One [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	22,500
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 98
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	100.00%
Subsequent Event [Member] | Certain Executive Officers, Directors, and Key Employees [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	63,900
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 4.37
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 279
Subsequent Event [Member] | Executive Officer [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Subsequent Event [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 1.43
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	19,800
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 28
Subsequent Event [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche One [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 181
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Subsequent Event [Member]
Restructuring Charges		$ 99
Stock Repurchased and Retired During Period, Shares			126,356
Stock Repurchased and Retired During Period, Value			$ 512
Payments for Brokerage Fees			$ 3
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				4 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				0	0
Stock Repurchased and Retired During Period, Shares				41,332
Stock Repurchased and Retired During Period, Value				$ 155
Payments for Brokerage Fees				$ 1