Stabilis Solutions (SLNG) 10-K 30 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 17, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	AETI
Entity Registrant Name	American Electric Technologies Inc
Entity Central Index Key	1,043,186
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 24,502,930
Entity Common Stock, Shares Outstanding		8,275,559

Consolidated Balance Sheets

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

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts receivable-trade, allowance	$ 225	$ 315
Inventories, allowance	60	73
Redeemable convertible preferred stock, Series A, discount	$ 671	$ 719
Redeemable convertible preferred stock, par value	$ 0.001	$ 0.001
Redeemable convertible preferred stock, shares authorized	1,000,000	1,000,000
Redeemable convertible preferred stock, shares issued	1,000,000	1,000,000
Redeemable convertible preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	8,385,929	8,396,963
Common stock, shares outstanding	8,254,001	8,185,323
Treasury stock, shares	131,928	111,640
Equity Method Investments
Retained earnings; accumulated statutory reserves in equity method investments	$ 2,722	$ 2,100

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Net sales		$ 49,083	$ 57,254
Cost of sales		42,493	52,259
Gross profit		6,590	4,995
Operating expenses:
Research and development		769	807
Selling and marketing		2,380	2,517
General and administrative		5,782	5,566
Total operating expenses		8,931	8,890
Loss from consolidated continuing operations		(2,341)	(3,895)
Net equity income from foreign joint ventures’ operations:
Equity income from foreign joint ventures’ operations		741	2,194
Foreign joint ventures’ operations related expenses		(393)	(522)
Net equity income from foreign joint ventures’ operations		348	1,672
Loss from consolidated continuing operations and net equity income from foreign joint ventures’ operations		(1,993)	(2,223)
Other income (expense):
Interest expense and other, net		(172)	(165)
Continuing operations loss before income taxes		(2,165)	(2,388)
Provision for (benefit from) income taxes on continuing operations		428	(334)
Net loss from continuing operations		(2,593)	(2,054)
Loss on discontinued operation			(2,673)
Net income (loss) before dividends on redeemable convertible preferred stock		(2,593)	(4,727)
Dividends on redeemable convertible preferred stock		(349)	(345)
Net income (loss) attributable to common stockholders	[1]	$ (2,942)	$ (5,072)
Earnings (loss) from continuing operations per common share:
Basic		$ (0.36)	$ (0.29)
Diluted		$ (0.36)	$ (0.29)
Weighted - average number of common shares outstanding:
Basic		8,241,585	8,182,034
Diluted		8,241,585	8,182,034
Loss per common share from discontinued operations:
Basic and diluted			$ (0.33)
Total earnings (loss) per common share:
Basic		$ (0.36)	(0.62)
Diluted		$ (0.36)	$ (0.62)
Continuing Operations
Weighted - average number of common shares outstanding:
Basic		8,241,585	8,182,034
Diluted		8,241,585	8,182,034
[1]	Net of preferred dividends of $349 and $345 in 2015 and 2014 respectively.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net loss before dividends on redeemable convertible preferred stock	$ (2,593)	$ (4,727)
Other comprehensive income:
Foreign currency translation loss, net of deferred income taxes	(541)	(132)
Total comprehensive loss	$ (3,134)	$ (4,859)

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Foreign currency translation loss, deferred income taxes	$ 279	$ 43

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands		Total	Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Balance at Dec. 31, 2013		$ 26,035	$ 8	$ 10,255	$ 983	$ 14,789
Balance, shares at Dec. 31, 2013			8,008,761
Common stock issued to ESPP		$ 26		26
Common stock issued to ESPP, shares		3,640	3,640
Options Exercised, value		$ 105		105
Options Exercised, shares		11,980	11,980
Issued for Acquisition, Shares			11,000
Treasury stock purchase, Value		$ (483)		(483)
Treasury stock purchase, Shares			(61,777)
Restricted stock units	[1]	793		793
Restricted stock units, shares	[1]		211,719
Net income (loss) to common stockholders	[2]	(5,072)				(5,072)
Foreign currency translation		(132)			(132)
Balance at Dec. 31, 2014		$ 21,272	$ 8	10,696	851	9,717
Balance, shares at Dec. 31, 2014		8,396,963	8,185,323
Common stock issued to ESPP		$ 29		29
Common stock issued to ESPP, shares		5,668	5,666
Issued for Acquisition, Shares			11,000
Treasury stock purchase, Value		$ (70)		(70)
Treasury stock purchase, Shares			(20,288)
Restricted stock units	[1]	585		585
Restricted stock units, shares	[1]		72,300
Net income (loss) to common stockholders	[2]	(2,942)				(2,942)
Foreign currency translation		(541)			(541)
Balance at Dec. 31, 2015		$ 18,333	$ 8	$ 11,240	$ 310	$ 6,775
Balance, shares at Dec. 31, 2015		8,385,929	8,254,001
[1]	Converted to common stock.
[2]	Net of preferred dividends of $349 and $345 in 2015 and 2014 respectively.

Consolidated Statements of Sto8

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net of preferred dividends	$ 349	$ 345
Treasury stock value	(792)	(722)
Retained Earnings
Net of preferred dividends	$ 349	$ 345

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss) from continuing operations	$ (2,593)	$ (2,054)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred income tax provision (benefit)	195	(334)
Equity income from foreign joint ventures’ operations	(741)	(2,194)
Depreciation and amortization	894	684
Stock based compensation	585	793
Bad debt expense	172	(12)
Obsolete inventory expense	460	33
(Gain)/Loss on sale of property and equipment	96
Deferred compensation costs	15	78
Change in operating assets and liabilities:
Accounts receivable	4,712	(1,645)
Income taxes payable		30
Inventories	983	383
Costs and estimated earnings in excess of billings on uncompleted contracts	686	2,324
Prepaid expenses and other current assets	268	(66)
Accounts payable and accrued liabilities	(2,299)	787
Billings in excess of costs and estimated earnings on uncompleted contracts	(354)	(1,038)
Other current liabilities	(712)	22
Net cash provided by (used in) operating activities	2,367	(2,209)
Cash flows from investing activities:
Purchases of property, plant and equipment and other assets	(588)	(4,878)
Proceeds from foreign joint ventures’ operations dividends	1,170	2,522
Proceeds from sale of Assets Held for Sale	723
Proceeds from disposal of joint venture		317
Purchase of certificate of deposits	(509)
Net cash provided by (used in) from investing activities	796	(2,039)
Cash flows from financing activities:
Proceeds from sale of common stock, preferred stock, and warrants	29	132
Treasury stocks purchase	(70)	(484)
Preferred stock cash dividend	(75)	(300)
Proceeds from long-term notes payable	4,500
Advances from revolving credit facility (repayments)	1,043	3,500
Payments on long-term notes payable	(4,000)
Net cash provided by (used in) financing activities	1,427	2,848
Effect of exchange rates on cash	(151)
Net increase (decrease) in cash and cash equivalents from continuing operations	4,439	(1,400)
Advances from (to) discontinued operations		802
Net increase (decrease) in cash and cash equivalents	4,439	(598)
Cash and cash equivalents, beginning of period	3,550	4,148
Cash and cash equivalents, end of period	7,989	3,550
Supplemental disclosures of cash flow information:
Interest paid	159	36
Income taxes paid	$ 178	$ 344

Organization and Nature of Busi

Organization and Nature of Business	12 Months Ended
	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Nature of Business	(1) Organization and Nature of Business American Electric Technologies, Inc. (“AETI” or the “Company”) is the surviving financial reporting entity from a reverse acquisition of an 80% interest in American Access Technologies, Inc. by the shareholders of M&I Electric Industries, Inc.(“M&I”) on May 17, 2007. Immediately upon the completion of the reverse acquisition, American Access Technologies, Inc. changed its name to American Electric Technologies, Inc. AETI is a Florida corporation and M&I, AETI’s wholly-owned subsidiary is a Texas corporation. M&I has a wholly-owned subsidiary, South Coast Electric Systems, LLC (“SC”), a Mississippi based company, and joint venture interests in China and Singapore. On January 1, 2008, AETI established a wholly- owned subsidiary through which it conducted the operations of American Access Technology. On August 14, 2014 AETI sold the AAT business except for the real estate which was subsequently sold on December 15, 2015. In 2014, the Company formed a wholly-owned subsidiary in Brazil. The Company has U.S. facilities and sales offices in Texas, Mississippi and Florida; Brazil facilities and sales offices in Macaé and Rio; and foreign joint ventures’ operations that have facilities in Singapore and Xian, China. The Company owns the Beaumont, Texas facilities, comprised of 9 acres and 118,000 square feet and the Mississippi facility, comprised of 3 acres and 11,700 square feet. The Company leases facilities in Rio and Macaé, Brazil. The Company previously reported three business segments: Technical Products and Services (“TP&S”); Electrical and Instrumentation Construction (“E&I”); and American Access Technologies (“AAT”). In August 2014, the Company sold its AAT operations and assets except for the real estate which subsequently was sold on December 15, 2015. The assets and liabilities of AAT were reclassified as held for sale within the accompanying consolidated balance sheets and the results of AAT operations are presented as losses from discontinued operations, net of tax, in the accompanying consolidated statements of operations. All current and historical financial information presented exclude the financial information for AAT or presents it as discontinued operations where applicable. For more information about this disposition, see Note 18. In 2015, we reorganized the Company’s continuing operations under the Chief Operating Officer. As a result, the Company manages its continuing operations as a single segment and has removed the presentation of business segments. Our single segment reporting is equivalent to that presented on the consolidated statements of operations. M&I’s wholly-owned subsidiary, SC, is a Delaware Limited Liability Company organized on February 20, 2003. With the exception of electrical contracting, it is engaged in the same lines of business as M&I, but it participates in different market sectors. After withdrawing from the AAG joint venture in Brazil effective April 30, 2014 we formed a wholly-owned subsidiary in Brazil in July 2014. The newly formed Brazil company, M&I Brazil, is owned 20% by AETI and 80% by M&I. M&I has foreign joint ventures’ interests in M&I Electric Far East PTE Ltd. (“MIEFE”) and BOMAY Electrical Industries Company, Ltd. (“BOMAY”). MIEFE is a Singapore company that provides sales, manufacturing and technical support internationally. BOMAY provides electrical systems primarily for land and marine based drilling rigs in China. These ventures are accounted for using the equity method of accounting.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of AETI and its wholly-owned subsidiaries, M&I and AAT (which is reported as discontinued operations), and M&I’s wholly-owned subsidiary SC and the wholly-owned subsidiary M&I Brazil. Significant intercompany accounts and transactions are eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management 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 net sales and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates made by management include: (1) Percentage-of-completion estimates on long-term contracts (2) Estimates of the provision for doubtful accounts (3) Estimated useful lives of property and equipment (4) Valuation allowances related to deferred tax assets Financial Instruments The Company includes fair value information in the notes to the consolidated financial statements when the fair value of its financial instruments is different from the book value. When the book value approximates fair value, no additional disclosure is made, which is the case for financial instruments outstanding as of December 31, 2015 and 2014. The Company assumes the book value of those financial instruments that are classified as current approximates fair value because of the short maturity of these instruments. For non-current financial instruments, the Company uses quoted market prices or, to the extent that there are no available quoted market prices, market prices for similar instruments. Cash and Cash Equivalents Cash equivalents consist of liquid investments with original maturities of three months or less. Cash balances routinely exceed FDIC limits however all cash is maintained in JP Morgan Chase and Frost Bank and believed to be secure. Short-term investments Short-term investments consist of any fund held in certificate of deposit with maturity greater than three months and investments in debt and equity securities with maturity of one year or less. Accounts Receivable and Allowance for Bad Debts The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The estimate is based on management’s assessment of the collectability of specific customer accounts and includes consideration for credit worthiness and financial condition of those specific customers. The Company also reviews historical experience with the customer, the general economic environment and the aging of its receivables. The Company records an allowance to reduce receivables to the amount it reasonably believes to be collectible. Based on this assessment, management believes the allowance for doubtful accounts is adequate. The bad debt expense was $0.17 million and ($0.01) million for the fiscal years ended December 31, 2015 and 2014. Inventories Inventories are stated at the lower of cost or market, with material value determined using an average cost method. Inventory costs for work-in-process include direct material, direct labor, production overhead and outside services. Indirect overhead is apportioned to work-in-process based on direct labor incurred. Property, Plant and Equipment Property, plant and equipment are stated at cost. Expenditures for repairs and maintenance are expensed as incurred while renewals and betterments are capitalized. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets after giving effect to salvage values. Long-lived assets If events or circumstances indicate the carrying amount of an asset may not be recoverable, including intangible assets, management tests long-lived assets for impairment. If the estimated future cash flows are projected to be less than the carrying amount, an impairment write-down (representing the carrying amount of the long-lived asset which exceeds the present value of estimated expected future cash flows) would be recorded as a period expense. Events that would trigger an impairment test include the following: · A significant decrease in the market price of a long-lived asset. · A significant change in the use of long-lived assets or in its physical condition. · A significant change in the business climate that could affect an assets value. · An accumulation of cost significantly greater than the amount originally expected to acquire or construct a long-lived asset. · A current period operating or cash flow loss combined with a history of such losses or a forecast demonstrating continued losses associated with the use of a long-lived asset. · An expectation to sell or otherwise dispose of a long-lived asset significantly before the end of its estimated useful life. Based on management’s reviews during each of the years ended December 31, 2015 and 2014, there were no events or circumstances that caused management to believe that impairments were necessary. Intangible Assets Intangible Assets at December 31, 2014 Useful Cost Accumulated Net Value (in thousands) Intellectual property 3 $ 322 $ 322 $ - License - 218 - 218 $ 540 $ 322 $ 218 On March 8, 2012, the Company acquired certain technology from Amnor Technologies, Inc. for cash of $0.10 million plus 44,000 shares of the Company’s common stock valued at $4.95 per share (the closing price on that date). One fourth of the shares were issued initially with the balance to be issued one third annually on the anniversaries over the subsequent 3 years. The purchase price was valued at $0.32 million (including $4,000 of transaction costs) at March 8, 2012 and is recorded as an intangible asset in the consolidated balance sheets. This cost is being amortized over its estimated useful life of 3 years. Amortization expense of $0.02 million and $0.11 million was recognized annually during the years ended December 31, 2015 and 2014 and is included in general and administrative expenses in the consolidated statements of operations. There were no unamortized amounts remaining at December 31, 2015. The technology provides automation and control system technologies for land and offshore drilling monitoring and control (auto-driller); marine automation including ballast control and tank monitoring and machinery plant control and monitoring systems; IP-based CCTV systems; and military vessel security and safety systems, all proven in multiple installations. During 2014 we acquired arc-resistant technology and capitalized the cost of $0.22 million. If events or circumstances indicate the carrying amount of an asset may not be recoverable, including intangible assets, management tests long-lived assets for impairment. Income Taxes The Company uses the asset and liability method to account for income taxes. Under this method of accounting for income taxes, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates and laws that will be in effect when the differences are expected to be reported to the taxing authority. The Company also records any financial statement recognition and disclosure requirements for uncertain tax positions taken or expected to be taken in its tax return. Financial statement recognition of the tax position is dependent on an assessment of a 50% or greater likelihood that the tax position will be sustained upon examination, based on the technical merits of the position. Any interest and penalties related to uncertain tax positions are recorded as interest expense in the accompanying consolidated statements of operations. Foreign Currency Gains and Losses Foreign currency translations are included as a separate component of comprehensive income. The Company has determined the local currency of its foreign subsidiary and foreign joint ventures to be the functional currency. In accordance with ASC 830, the assets and liabilities of the foreign equity investees and foreign subsidiary, denominated in foreign currency, are translated into United States dollars at exchange rates in effect at the consolidated balance sheet date and net sales and expenses are translated at the average exchange rate for the period. Related translation adjustments are reported as comprehensive income, net of deferred income taxes, which is a separate component of stockholders’ equity, whereas gains and losses resulting from foreign currency transactions are included in results of operations. Net Sales Recognition The Company reports earnings from fixed-price and modified fixed-price long-term contracts on the percentage-of-completion method. Earnings are accrued based on the ratio of costs incurred to total estimated costs. However, for our manufacturing activities, we have determined that labor incurred provides an improved measure of percentage-of-completion. Costs include direct material, direct labor, and job related overhead. Losses expected to be incurred on contracts are charged to operations in the period such losses are determined. A contract is considered complete when all costs except insignificant items have been incurred and the facility has been accepted by the customer. Net sales from non-time and material jobs of a short-term nature (typically less than one month) are recognized on the completed-contract method after considering the attributes of such contracts. This method is used because these contracts are typically completed in a short period of time and the financial position and results of operations do not vary materially from those which would result from use of the percentage-of-completion method. The Company records net sales from its field and technical service and repair operations on a completed service basis after customer acknowledgement that the service has been completed and accepted. In addition, the Company sells certain purchased parts and products. These net sales are recorded when the product is shipped and title passes to the customer. The asset, “Work-in-process,” which is included in inventories, represents the cost of labor, material, and overhead in excess of amounts billed on jobs accounted for under the completed-contract method. For contracts accounted for under the percentage-of-completion method, the asset, “Costs and estimated earnings in excess of billing on uncompleted contracts,” represents net sales recognized in excess of amounts billed and the liability, “Billings in excess of costs and estimated earnings on uncompleted contracts,” represents billings in excess of net sales recognized. Any billed net sale that has not been collected is reported as accounts receivable. The timing of when we bill our customers is generally dependent upon advance billing terms or completion of certain phases of the work. On occasion, the Company enters into long-term contracts that include both a service component and a manufacturing component. The Company segments net sales, costs and gross profit related to these contracts if they meet the contract segmenting criteria in ASC 605-35, including that the terms and scope of the project clearly call for separate elements, the separate elements are often bid or negotiated by the Company separately and the total economic returns and risks of the separate elements are similar to the economic returns and risks of the overall contract. For segmented contracts, the Company recognizes net sales as if they were separate contracts over the performance periods of the individual elements. Contract net sales recognition inherently involves estimation, including the contemplated level of effort to accomplish the tasks under the contract, the cost of the effort, and an ongoing assessment of progress toward completing the contract. From time to time, as part of the normal management processes, facts develop that requires revisions to estimated total cost or net sales expected. The cumulative impact of any revisions to estimates and the full impact of anticipated losses on contracts are recognized in the period in which they become known. Shipping and Handling Fees and Costs Shipping and handling fees, if billed to customers, are included in net sales. Shipping and handling costs associated with inbound freight are expensed as incurred. Shipping and handling costs associated with outbound freight are classified as cost of sales. Concentration of Market Risk and Geographic Operations Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of trade accounts receivable. The Company’s market risk is dependent primarily on the strength of the oil and gas and energy related industries. The Company grants credit to customers and generally does not require security except in the case of certain international contracts. Procedures are in effect to monitor the credit worthiness of its customers. During 2015, one customer accounted for approximately 14% of net sales and 3% of net accounts receivable trade. During 2014, one customer accounted for approximately 12% of net sales and 4% of net accounts receivable trade. The Company sells its products and services in domestic and international markets; however, significant portions of the Company’s sales are concentrated with customers located in the Gulf Coast region of the United States. The Gulf Coast region accounts for approximately 9% of the Company’s net sales during the year ended December 31, 2015 and 7% during 2014. Reclassification Certain items are reclassified in the 2014 consolidated financial statements to conform to the 2015 presentation. Such reclassifications had no effect on the Company’s financial position, results of operations or cashflows. Recently Issued Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU No. 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. Compensation – Stock Compensation, In November 2014, the FASB issued ASU No. 2014-17, Business Combinations (Topic 805): Pushdown Accounting a census of the FASB Emerging Issues Task Force. In January 2015, the FASB issued ASU No. 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplified Income Statement Presentation by Eliminating the Concept of Extraordinary Items. Income statement – Extraordinary and Unusual Items, In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, TM In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU No. 2016-02, Leases

Inventories

Inventories	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventories	(3) Inventories Inventories consisted of the following at December 31, 2015 and 2014. December 31, 2015 December 31, 2014 (in thousands) Raw materials $ 594 $ 940 Work-in-process 791 1,902 1,385 2,842 Less: allowance (60 ) (73 ) Total inventories $ 1,325 $ 2,769 Obsolete or slow moving inventory totaling $0.46 million and $0.03 million was expensed during the years ended December 31, 2015 and 2014, respectively, and included in cost of sales in the accompanying consolidated statements of operations.

Costs, Estimated Earnings, and

Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts	12 Months Ended
	Dec. 31, 2015
Contractors [Abstract]
Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts	(4) Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts Contracts in progress at December 31, 2015 and 2014 consisted of the following: 2015 2014 (in thousands) Costs incurred on uncompleted contracts $ 31,197 $ 7,279 Estimated earnings 10,506 5,208 41,703 12,487 Billings on uncompleted contracts (41,030 ) (11,481 ) $ 673 $ 1,006 Costs, estimated earnings, and related billing on uncompleted contracts consisted of the following at December 31, 2015 and 2014: 2015 2014 (in thousands) Cost and estimated earnings in excess of billings on uncompleted contracts $ 2,302 $ 2,989 Billings in excess of costs and estimated earnings on uncompleted contracts (1,629) (1,983 ) $ 673 $ 1,006

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	(5) Property, Plant and Equipment Property, plant and equipment consisted of the following at December 31, 2015 and 2014: Category Estimated 2015 2014 (in thousands) Buildings and improvements 15 – 25 $ 8,083 $ 8,117 Office equipment and furniture 2 – 7 2,126 2,583 Automobiles and trucks 2 – 5 118 265 Machinery and shop equipment 2 – 10 2,963 3,349 Construction in progress 94 428 13,384 14,742 Less: accumulated depreciation and amortization 5,603 6,503 7,781 8,239 Land 134 134 $ 7,915 $ 8,373 During the years ended December 31, 2015 and 2014, depreciation charged to operations amounted to $0.89 million and $0.56 million, respectively. Of these amounts, $0.73 million and $0.43 million was charged to cost of sales while $0.16 million and $0.13 million was charged to selling, general and administrative expenses for the years ended December 31, 2015 and 2014, respectively.

Advances to and Investments in

Advances to and Investments in Foreign Joint Ventures' Operations	12 Months Ended
	Dec. 31, 2015
Equity Method Investments And Joint Ventures [Abstract]
Advances to and Investments in Foreign Joint Ventures' Operations	(6) Advances to and Investments in Foreign Joint Ventures’ Operations The Company has a foreign joint venture agreement and holds a 40% interest in a Chinese company, BOMAY, which builds electrical systems for sale in China. The majority partner in this foreign joint venture is a subsidiary of a major Chinese oil company. M&I made an initial investment of $1.00 million in 2006 and made an additional $1.00 million investment in 2007. The Company’s equity income from the foreign joint venture was $0.97 million and $2.05 million for the years ended December 31, 2015 and 2014, respectively. During the years ended December 31, 2015 and 2014, the Company received $1.03 million and $1.04 million, respectively, in dividends from BOMAY. Sales made to the foreign joint venture were $0.19 million and $0.13 million for the years ended December 31, 2015 and 2014, respectively. Accounts receivable from BOMAY were $0.00 million and $0.03 million at December 31, 2015 and 2014. The Company owns a 41% interest in MIEFE which provides additional sales and technical support in Asia. The Company’s equity income from the foreign joint venture was $(0.23) million and $0.14 million for the years ended December 31, 2015 and 2014, respectively. During the years ended December 31, 2015 and 2014, the Company received $0.14 million and $0.65 million, respectively, in dividends from MIEFE. Sales made to the foreign joint venture were $0.05 million and $0.01 million for the years ended December 31, 2015 and 2014, respectively. Accounts receivable from MIEFE was $0.05 million and $0.00 million at December 31, 2015 and 2014, respectively. In April 2014 the Company withdrew from a joint venture previously established in Brazil, AAG. In connection with the Company’s withdrawal from the joint venture, the Company received a note payable equal to the book value of the joint venture at the date of withdrawal. The note is payable over 12 months and bears no interest. At December 31, 2015 and 2014, the outstanding balance on the note was valued at 0.87 million and $2.61 million, respectively. We have determined that collection of the remaining balance of the note is uncertain and, therefore, have fully reserved the remaining balance of the note. The Company’s equity income from the foreign joint ventures, before foreign operations expenses, totaled $0.74 million and $2.19 million for the years ended December 31, 2015 and 2014, respectively. During 2015 and 2014, the Company also recognized approximately $0.39 million and $0.52 million, respectively, for employee related expenses directly attributable to the foreign joint ventures. Sales to foreign joint ventures’ operations are made on an arm’s length basis and intercompany profits, if any, are eliminated in consolidation. Summary financial information of BOMAY, MIEFE and AAG in U.S. dollars was as follows at December 31, 2015 and 2014: BOMAY MIEFE AAG* 2015 2014 2015 2014 2015 2014 Assets: Total current assets $ 68,151 $ 77,812 $ 2,365 $ 3,488 $ - $ - Total non-current assets 4,131 4,710 70 108 - - Total assets $ 72,282 $ 82,522 $ 2,435 $ 3,596 $ - $ - Liabilities and equity: Total liabilities $ 44,415 $ 53,277 $ 1,930 $ 2,128 $ - $ - Total joint ventures’ equity 27,867 29,245 505 1,468 - - Total liabilities and equity $ 72,282 $ 82,522 $ 2,435 $ 3,596 $ - $ - Twelve Months Ended December 31, BOMAY MIEFE AAG* 2015 2014 2015 2014 2015 2014 Revenue $ 47,347 $ 73,148 $ 5,741 $ 5,161 $ - $ 1,078 Gross Profit $ 8,353 $ 12,469 $ 1,112 $ 2,091 $ - $ 154 Earnings $ 2,433 $ 5,136 $ (567 ) $ 336 $ - $ 4 The Company’s investments in and advances to its foreign joint ventures’ operations were as follows as of December 31, 2015 and 2014: 2015 2014 BOMAY* MIEFE AAG TOTAL BOMAY* MIEFE AAG TOTAL (in thousands) (in thousands) Investments in foreign joint ventures: Balance, beginning of year $ 2,033 $ 14 $ - $ 2,047 $ 2,033 $ 14 $ 54 $ 2,101 Additional amounts invested and advanced - - - - - - - - Withdrawal from joint venture - - - - - - (54 ) (54 ) Balance, end of year 2,033 14 - 2,047 2,033 14 - 2,047 Undistributed earnings: Balance, beginning of year 8,157 358 - 8,515 7,145 870 1,481 9,496 Equity in earnings (loss) 973 (232 ) - 741 2,054 138 2 2,194 Dividend distributions (1,032 ) (137 ) - (1,169 ) (1,042 ) (650 ) (830 ) (2,522 ) Withdrawal from joint venture - - - - - - (653 ) (653 ) Balance, end of year 8,098 (11 ) - 8,087 8,157 358 - 8,515 Foreign currency translation: Balance, beginning of year 1,358 134 - 1,492 1,431 254 (249 ) 1,436 Change, during the year (593 ) 71 - (522 ) (73 ) (120 ) 178 (15 ) Withdrawal from joint venture - - - - - - 71 71 Balance, end of year 765 205 - 970 1,358 134 - 1,492 Investments, end of year $ 10,896 $ 208 $ - $ 11,104 $ 11,548 $ 506 $ - $ 12,054 * Accumulated statutory reserves in equity method investments of $2.72 million and $2.10 million at December 31, 2015 and 2014, are included in AETI’s consolidated retained earnings. In accordance with the People’s Republic of China, (“PRC”), regulations on enterprises with foreign ownership, an enterprise established in the PRC with foreign ownership is required to provide for certain statutory reserves, namely (i) General Reserve Fund, (ii) Enterprise Expansion Fund and (iii) Staff Welfare and Bonus Fund, which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A non-wholly-owned foreign invested enterprise is permitted to provide for the above allocation at the discretion of its board of directors. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. The Company accounts for its investments in foreign joint ventures’ operations using the equity method of accounting. Under the equity method, the Company’s share of the joint ventures’ operations’ earnings or losses is recognized in the consolidated statements of operations as equity income (loss) from foreign joint ventures’ operations. Joint venture income increases the carrying value of the joint ventures and joint venture losses reduce the carrying value. Dividends received from the joint ventures reduce the carrying value. In accordance with our long live policy, when events or circumstances indicate the carrying amount of an asset may not be recoverable, management tests long-lived assets for impairment. If the estimated future cash flows are projected to be less than the carrying amount, an impairment write-down (representing the carrying amount of the long-lived asset which exceeds the present value of estimated expected future cash flows) would be recorded as a period expense. In making this evaluation, a variety of quantitative and qualitative factors are considered including national and local economic, political and market conditions, industry trends and prospects, liquidity and capital resources and other pertinent factors. Based on this evaluation for this reporting period, the Company does not believe an impairment adjustment is necessary.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	(7) Income Taxes The components of income (loss) before income taxes and dividends on preferred stock for the years ended December 31, 2015 and 2014 were as follows: 2015 2014 (in thousands) United States $ (2,659) $ (7,255) Foreign 741 2,194 $ (1,918) $ (5,061) The components of the provision (benefit) for income taxes by taxing authority for the years ended December 31, 2015 and 2014 were as follows: 2015 2014 (in thousands) Current provision: Federal $ 443 $ - Foreign 131 - States - - Total current provision 574 - Deferred provision (benefit): Federal (114) (309) Foreign - - States (32) (25) Total deferred provision (benefit): (146) (334) $ 428 $ (334) Significant components of the Company’s deferred federal income taxes were as follows: December 31, December 31, 2015 2014 Non-Current Deferred tax assets: Accrued liabilities $ 22 $ 161 Deferred compensation 936 726 Allowance for doubtful accounts 73 111 Inventory 73 122 Net operating loss 4,137 3,848 Property and equipment 123 66 Foreign tax credit carry forward 3,226 2,811 Deferred tax assets 8,590 7,845 Deferred tax liabilities: Valuation allowance (8,590 ) (7,845 ) Equity in foreign investments (2,755 ) (2,523 ) Intangible assets - - Translation gain (309 ) (523 ) Deferred tax liabilities (11,654 ) (10,891 ) Net deferred tax assets (liabilities) (3,064 ) (3,046 ) The provision for income taxes for the year ended December 31, 2015 was primarily a non-cash expense of $0.4 million and reflect deferred taxes associated with the Company’s foreign joint ventures. The Company’s deferred tax assets are primarily related to net operating loss carry forwards. A valuation allowance was established at December 31, 2015 and 2014 due to uncertainty regarding future realization of deferred tax assets. Our total valuation allowance as of December 31, 2015 and 2014 is $8.64 million and $7.85 million, respectively. The Company has federal net operating loss carry forwards of approximately $10.8 million which include $7.4 million acquired from AAT that are subject to the utilization limitation under Section 382 of the Internal Revenue Code. The Company has state net operating losses of $13 million. These tax loss carry forwards are available to offset future taxable income and expire if unused during the federal tax year ending December 31, 2019 through 2031. The Company’s 2008 U.S. federal income tax return was examined by the Internal Revenue Service (“IRS”). In the fourth quarter 2011, the IRS concluded its audit which adjusted the annual net operating loss carry forward limitation under Sec. 382 related to AAT’s pre-acquisition net operating loss carry forwards to $299,000 per year through 2027. The Company has adopted the provisions of ASC Topic 740-10 “ Income Taxes” The difference between the effective income tax rate reflected in the provision for income taxes and the amounts, which would be determined by applying the statutory income tax rate of 34%, is summarized as follows: 2015 2014 (in thousands) (Provision for) benefit from U.S federal statutory rate $ 663 $ 1,611 Effect of state income taxes 32 35 Non-deductible business meals and entertainment expenses (16) (486) Foreign income taxes included in equity in earnings 269 1,400 Accrual to return adjustments and other (580) (12) Change in valuation allowance (796) (2,214) Total (Expense) $ (428) $ 334 The Company files income tax returns in the United States Federal jurisdiction and various state jurisdictions.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes Payable	(8) Notes Payable The components of notes payable at December 31, 2015 and 2014 are as follows: 2015 2014 (In thousands) Revolving credit agreement $ 1,043 $ - Current portion of long-term notes payable...................................... 300 222 Long-term notes payable 4,200 3,778 Total revolving credit agreement $ 5,543 $ 4,.000 Principal payments of debt for years subsequent to 2015 are as follows (in thousands): Amount (In thousands) 2016 $ 1,343 2017 300 2018 300 2019 300 2020 3,300 $ 5,543 Revolving Credit Agreement On December 29, 2015, the Company entered into a Loan Agreement (the “Loan Agreement”) with Frost Bank (“Frost”). The Loan Agreement provides two separate revolving credit facilities to the Company. The first facility (“Facility A”) provides the Company with a $4.00 million revolving line of credit with a two-year term maturing December 29, 2017, subject to a maximum loan amount (the “Borrowing Base”) based on a formula related to the value of certain of the Company’s accounts, inventories and equipment totaling $3.58 million at December 31, 2015. Under Facility A, the Company may borrow, repay and reborrow, up to the Borrowing Base. Facility A also allows the issuance of standby letters of credit. As of December 31, 2015, we had no letters of credit outstanding. Facility A requires a period of not less than 30 consecutive days during each calendar year that the entire outstanding principal amount of the revolving credit facility is paid. Upon Facility A’s maturity date, all outstanding principal and unpaid accrued interest is due and payable. The Company borrowed $1.04 million under Facility A upon initiation of the Loan Agreement. As of December 31, 2015, we had $2.54 million of additional borrowing capacity. The second facility (“Facility B”) provides the Company with a $4.50 million declining revolving line of credit. The Company may be borrow, repay and reborrow from the line. The amount available to borrow under Facility B declines from the initial $4.50 million by $0.15 million each six months. Facility B’s maturity date is December 29, 2020 when all outstanding principal and unpaid accrued interest is due and payable. The Company was advanced $4.50 million under Facility B upon the initiation of the Loan Agreement which was to pay off the remaining balance on the facility from JP Morgan Chase Bank N.A. (“Chase”) and as of December 31, 2015, the outstanding balance is $4.50 million. Under the Loan Agreement, the interest rate on both facilities is LIBOR (0.61% at December 31, 2015) plus 2.75% per year. The Loan agreement also provides for usual and customary covenants and restrictions including that the borrower must maintain a fixed charge coverage ratio of no less than 1.25 to 1.00, and will not permit the ratio of consolidated total liabilities to consolidated net worth to exceed 1.25. Additionally, the Company’s obligations under Facility A are secured by: 1. All our accounts receivable, whether now owned or hereafter acquired. 2. All our inventory, whether now owned or hereafter acquired. 3. All our machinery and equipment, whether now owned or hereafter acquired. 4. A collateral assignment on all future distributions from joint ventures. The Company’s obligations under Facility B are secured by: 1. Our fee simple interest in certain real estate and improvements in Beaumont, Texas. 2. Any parking, utility and ingress/egress easements on the foregoing property. 3. A collateral assignment on all future distributions from joint ventures. The Company’s subsidiaries, M&I Electric Industries, Inc. and South Coast Electric Systems, LLC are additional obligors on the Loan Agreement. The Company had $5.54 million of borrowings outstanding under the Frost credit agreement at December 31, 2015 and $4.00 million at December 31, 2014. The Company had additional borrowing capacity of $2.54 million and $3.20 million at December 31, 2015 and December 31, 2014 respectively.

Leases

Leases	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Leases	(9) Leases New Corporate Office Lease In late December 2013 the Company executed a new lease for office space at 1250 Wood Branch Park Drive, Houston, Texas. The lease covers approximately 13,000 square feet. The term of the lease is 64 months and commenced upon completion of tenant improvements, which were completed in March 2014. The Company leases equipment (principally trucks and forklifts) under operating lease agreements that expire at various dates to 2016. Rental expense relating to operating leases and other short-term leases for the years ended December 31, 2015 and 2014, amounted to approximately $0.4 million and $0.3 million, respectively. The following is a schedule of future lease payments: Year Ending December 31, Amount (In thousands) 2016 $ 690 2017 629 2018 596 2019 411 2020 207 $ 2,533

Stock and Stock-based Compensat

Stock and Stock-based Compensation	12 Months Ended
	Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock and Stock-based Compensation	(10) Stock and Stock-based Compensation Employee Stock Purchase Plan The Company issued 5,668 and 3,640 shares of Company stock during 2015 and 2014, respectively, in connection with an Employee Stock Purchase (“ESPP”) Plan that commenced in April 2008. Restricted Stock Units As amended in May 2014, the stock holders increased the share available under the plan from 1,100,000 to 1,700,000. The number of RSUs awarded is generally subject to the substantial achievement of budgeted performance and other metrics in the year granted. The RSUs do not have voting rights of the common stock, and the shares of common stock underlying the RSUs are not considered issued and outstanding until actually vested and issued. In general, the awards convert to common stock on a one to one basis in 25% increments over four years from the grant date subject to a continuing employment obligation. The following table summarizes the activity for unvested restricted stock units for the years ended December 31, 2015 and 2014: Units Weighted Unvested restricted stock units at December 31, 2013 471,630 $ 4.77 Awarded 160,000 $ 6.84 Vested (211,719 ) $ 4.23 Forfeited (251,269 ) $ 6.47 Unvested restricted stock units at December 31, 2014 168,642 $ 4.88 Awarded 231,356 $ 3.47 Vested (72,298) $ 4.44 Forfeited (11,853) $ 4.55 Unvested restricted stock units at December 31, 2015 315,847 $ 3.99 Compensation expense of approximately $0.46 million and $0.68 million was recorded in general administrative expense for the years ended December 31, 2015 and 2014, respectively, to reflect the fair value of the original RSU’s granted or anticipated to be granted less forfeitures, amortized over the portion of the vesting period occurring during the period. The fair value of the RSUs was based on the closing price of our common stock as reported on the NASDAQ Stock Market (“NASDAQ”) on the grant date. Based upon the fair value on the grant date of the number of shares awarded or expected to be awarded, it is anticipated that approximately $2.10 million of additional compensation cost will be recognized in future periods through 2017. The weighted average period over which this additional compensation cost will be expensed is 3 years. During February 2016, the Board of Directors approved the grants of approximately 343,000 RSUs in conjunction with the Plan, of which, approximately 275,000 units are subject to 2016 fiscal performance measures. Stock Options The Company recognizes compensation expense related to stock options in accordance with ASC 718 and has measured the share-based compensation expense for stock options granted based upon the estimated fair value of the award on the date of grant and recognizes the compensation expense over the award’s requisite service period. The weighted average fair values were calculated using the Black Scholes-Merton option pricing model. There were no options issued in 2015 or 2014, and no stock options outstanding as of December 31, 2015 and 2014. Details of stock option activity during the years ended December 31, 2015 and 2014 follows: 2015 2015 Weighted 2014 2014 Weighted Outstanding at beginning of year - $ - 16,944 $ 4.09 Options granted - - — — Options exercised - - (11,980) 4.09 Options forfeited - - — 4.09 Options expired - - (4,964) 4.09 Outstanding at end of year - - - - Exercisable at end of year - $ - - $ - No Compensation expense was recorded in the years ended December 31, 2015 and 2014, respectively. As of December 31, 2015, there was no unrecognized compensation cost related to stock option awards. Board of Directors Compensation Directors who are not employees of the Company and who do not have a compensatory agreement providing for service as a director of the Company receive a retainer fee payable quarterly. Eligible directors may elect to defer 50% to 100% of their retainer fee, which may be used to acquire common stock of the Company at the fair market value on the date the retainer fee would otherwise be paid, acquire stock units equivalent to the fair market value of the Company’s common stock on the date the retainer fee would otherwise be paid, or be paid in cash. During the years ended December 31, 2015 and 2014, directors of the Company elected to defer retainer fees to acquire approximately 36,200 and 18,000, respectively, stock units. Compensation expense of approximately $178,000 and $130,000 was recorded in the years ended December 31, 2015 and 2014 respectively, which is included in general and administrative expenses in the consolidated statements of operations.

Redeemable Convertible Preferre

Redeemable Convertible Preferred Stock	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Redeemable Convertible Preferred Stock	( 11) Redeemable Convertible Preferred Stock On April 13, 2012, the Company signed a securities purchase agreement (the “Securities Purchase Agreement”) with a private investor for the sale (the “Preferred Stock Financing”) of 1,000,000 shares of the Company’s Series A Convertible Preferred Stock (the “Series A Convertible Preferred Stock”) at $5.00 per share and 325,000 warrants to purchase shares of the Company’s common stock expiring in May 2020. The Series A Convertible Preferred Stock shares are initially convertible into 1,000,000 shares of the Company’s common stock at a conversion price of $5.00 per share. The warrants were issued in two tranches with 125,000 of such warrants at an initial exercise price of $6.00 per share and 200,000 of such warrants at an initial exercise price of $7.00 per share. On May 2, 2012, the Company completed the issuance of the Series A Convertible Preferred Stock and warrants. On April 30, 2012, the Company filed an Articles of Amendment to its Articles of Incorporation designating 1,000,000 shares of the Company’s authorized preferred stock as Series A Convertible Preferred Stock. The Company also entered into a Registration Rights Agreement and Investor Rights Agreement with the private investor. The Series A Convertible Preferred Stock ranks senior to all other equity instruments of the Company, including the Company’s common stock. The Series A Convertible Preferred Stock accrues cumulative dividends at a rate of 6% per annum, whether or not dividends have been declared by the Board of Directors and whether or not there are profits, surplus or other funds available for the payment of such dividends. The Company may pay such dividends in shares of the Company’s common stock based on the then current market price of the common stock. At any time following a material default by the Company, as defined in the Securities Purchase Agreement, or April 30, 2017, the holders of a majority of the outstanding shares of the Series A Convertible Preferred Stock may require the Company to redeem the Series A Convertible Preferred Stock at a redemption price equal to the lessor of (i) the liquidation preference per share (initially $5.00 per share, subject to adjustments for certain future equity transactions defined in the Securities Purchase Agreement) and (ii) the fair market value of the Series A Convertible Preferred Stock per share, as determined in good faith by the Company’s Board of Directors. As of December 31, 2015 and 2014, the redemption price per share was $5.00 in both years. The redemption price, plus any accrued and unpaid dividends, shall be payable in 36 equal monthly installments plus interest at an annual rate of 6%. The preferred stock and warrants were issued for a total of $5.0 million. This amount was allocated to the preferred stock and warrants based on their relative fair values. The fair value of the warrants was calculated using the Black Scholes-Merton pricing model using the following weighted average assumptions, at the grant date: Number of warrants 325,000 Exercise price $ 6.62 Expected volatility of underlying stock 74 % Risk-free interest rate 1.62 % Dividend yield 0 % Expected life of warrants 8 years Weighted-average fair value of warrants $ 3.11 Expiration date May 2, 2020 Based on these calculations and the actual consideration, the warrants were valued at $840,000 and the Series A Convertible Preferred Stock was valued at $4,160,000. The initial values allocated to the warrants were recognized as a discount on the Series A Convertible Preferred Stock, with a corresponding charge to additional paid-in capital. The discount related to the warrants is accreted to retained earnings through the scheduled redemption date of the mandatorily redeemable Series A Convertible Preferred Stock. Discount accretion for the year 2015 totaled $0.05 million and 0.05 million in 2014.

Employee Benefit and Bonus Plan

Employee Benefit and Bonus Plans	12 Months Ended
	Dec. 31, 2015
Compensation And Retirement Disclosure [Abstract]
Employee Benefit and Bonus Plans	(12) Employee Benefit and Bonus Plans The employees of the Company are eligible to participate in a 401(k) plan sponsored by the Company. The plan is a defined contribution 401(k) Savings and Profit Sharing Plan (the “Plan”) that covers all full-time employees who meet certain age and service requirements. The Company may provide discretionary contributions to the Plan as determined by the Board of Directors. For the years ended December 31, 2015 and 2014, the Company contributed none to the plan. The Company maintains an “Executive Performance” bonus plan, which covers approximately 55 key employees. Under the plan, the participants receive a percentage of a bonus pool based primarily on pre-tax income in relation to budget. The Board of Directors approves the Executive Performance plan at the beginning of each year. During the years ended December 31, 2015 and 2014, the Company recorded approximately $0.46 million and $0.12 million under the plan, respectively, all of which was included in accrued payroll and benefits expenses as of the respective year end.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	(13) Related Party Transactions During 2015 and 2014, the Company received legal advice on various Company matters from a law firm related to a director of the Company. The Company incurred expenses totaling approximately $0.05 million and $0.05 million related to these services during 2015 and 2014, respectively, which is included in general and administrative expenses in the accompanying consolidated statements of operations. As of December 31, 2015 and 2014, there were no overdue outstanding amounts owed to this law firm for services provided. The Company, upon approval from the Board, has an employment agreement with the Executive Chairman of the Board of Directors (“Executive Chairman”), whereby the Company compensated the Executive Chairman $0.13 million and $0.13 million during 2015 and 2014, respectively. Under the terms of the agreement, the Executive Chairman will assist in international joint venture relations and operations, technical developments, manufacturing and transformative business development projects and other special projects assigned by the Company. In November 2013, the Company amended the agreement to extend the term through 2015 with annual compensation of $0.13 million and $0.13 million for 2015 and 2014. In addition, the amendment included a bonus equal to 1% of the amount reported by the Company as equity income from foreign joint ventures’ operations in the consolidated statements of operations. During 2015 and 2014, the Company paid compensation of $0.13 million and $0.13 million, respectively, under the terms of the agreement, which is included in general and administrative expenses in the accompanying consolidated statements of operations.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	(14) Segment Reporting The Company follows guidance prescribed by the ASC Topic 280, Segment Reporting, which governs the way the Company reports information about its operating segments. Due to the disposition of the AAT segment’s operations and net assets in August 2014, that segment’s results are presented as discontinued operations in the accompanying Condensed Consolidated Statements of Operations. During 2015, we reorganized our continuing operations under our Chief Operating Officer. As a result of these changes, the Company manages its continuing operations as a single segment and has removed the presentation of business segments in these Notes to Condensed Consolidated Financial Statements. The Company will report its financial statements as a single segment.

Quarterly Results for Continuin

Quarterly Results for Continuing Operations	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results for Continuing Operations	(15) Quarterly Results for Continuing Operations The following table reflects the quarterly information for continuing operations for the applicable time periods. 2015 Q1 Q2 Q3 Q4 Total Net Sales $ 15,311 $ 12,302 $ 13,780 $ 7,690 $ 49,083 Gross Profit 2,283 2,044 2561 (298 ) $ 6,590 Net income (loss) 274 547 204 (3,618 ) (2,593 ) Earnings (loss) per share: Basic $ 0.02 $ 0.06 $ 0.01 $ (0.45 ) $ (0.36 ) 2014 Q1 Q2 Q3 Q4 Total Net Sales $ 15,848 $ 13,430 $ 14,283 $ 13,693 $ 57,254 Gross Profit 2,435 2,028 495 37 4,995 Net income (loss) 848 1,062 (1,982 ) (1,982 ) (2,054 ) Earnings (loss) per share: Basic $ 0.09 $ 0.12 $ (0.25 ) $ (0.25 ) $ (0.29 )

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	( 16) Commitments and Contingencies On September 1, 1999, the Company created a group medical and hospitalization minimum premium insurance program. For the policy year ended August 2015, the Company is liable for all claims each year up to $70,000 per insured, or $1.7 million in the aggregate. An outside insurance company insures any claims in excess of these amounts. The Company’s expense for this minimum premium insurance totaled $1.16 million and $1.17 million during the years ended December 31, 2015 and 2014. Insurance reserves included in accrued payroll and benefits in the accompanying consolidated balance sheets were approximately $0.00 million and $0.17 million at December 31, 2015 and 2014. The Company is contingently liable for secured letters of credit of $1.25 million as of December 31, 2015 in relation to performance guarantees on certain customer contracts.

Earnings (Loss) from Continuing

Earnings (Loss) from Continuing Operations Per Common Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings (Loss) from Continuing Operations Per Common Share	( 17) Earnings (Loss) from Continuing Operations Per Common Share Basic earnings (loss) per common share is based on the weighted average number of common shares outstanding for the year ended December 31, 2015 and 2014. Diluted earnings (loss) per common share is based on the weighted average number of common shares outstanding, plus the incremental shares that would have been outstanding upon the assumed exercise of all potentially dilutive stock options and other units subject to anti-dilution limitations. The following table sets forth the computation of basic and diluted earnings (loss) per common share (in thousands, except share and per share data): Year Ended December 31, 2015 2014 Net income (loss)** $ (2,942) $ (2,399) Weighted average basic shares 8,241,585 8,182,034 Dilutive effect of stock options, restricted stock units, preferred stock and warrants* 0 0 Total weighted average diluted shares with assumed conversions 8,241,585 8,182,034 Earnings loss from continuing operations per common share: Basic $ $(0.36) $ (0.29) Dilutive $ $(0.36) $ (0.29) *No units or shares are considered when losses cause the effect to be anti-dilutive. **Net income (loss) represents net income (loss) from continuing operations less the dividends on redeemable convertible preferred stock.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2015
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations	( 18) Discontinued Operations AAT results are considered discontinued operations, presented below continuing operations in the accompanying Consolidated Statements of Operations, and its assets and associated liabilities are carried as assets and liabilities held for sale. The sale of all non-cash assets excluding the real property closed effective August 14, 2014. The real estate was leased to the buyer for a minimum of one year with an option to purchase. The purchase option was executed and the property was sold on December 15, 2015. No further discontinued operations will result from AAT operations. The following tables summarize the AAT assets and liabilities held for sale, the operating results for AAT and its impairment charge, and AAT’s summary cash flow components: American Access Technologies, Inc. Assets and Liabilities held for sale (in thousands) For the Year Ended December 31, 2015 2014 Current assets held for sale $ - $ - Long term assets held for sale* - 650 Total assets held for sale $ - $ 650 Current liabilities held for sale - - Total liabilities held for sale - - Net assets and liabilities held for sale $ - $ 650 *During the third quarter 2015, the Long term asset held for sale was transferred to the Condensed Consolidated Balance Sheet American Access Technologies, Inc. Condensed Statements of Operations Unaudited (in thousands) For the Year Ended December 31, 2015 2014 Operating income (loss) from discontinued operations $ - $ (373 ) Provision for income taxes - - Valuation provision ("impairment") on assets for sale - (2,300 ) Net loss after tax $ - $ (2,673 ) American Access Technologies, Inc. Condensed Statements of Cash Flow Components Unaudited (in thousands) For the Year Ended December 31, 2015 2014 Net cash (used in) operating activities $ - $ (1,967 ) Net cash provided by (used in) investing activities* - 2,769 Net cash (used in) financing activities - - Advances (to) from parent - (802 ) Net increase (decrease) in cash and cash equivalents $ - $ - * Includes sale proceeds of $2.3 million. Cash is not included in assets held for sale and is included in the consolidated balance sheets in cash.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of AETI and its wholly-owned subsidiaries, M&I and AAT (which is reported as discontinued operations), and M&I’s wholly-owned subsidiary SC and the wholly-owned subsidiary M&I Brazil. Significant intercompany accounts and transactions are eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management 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 net sales and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates made by management include: (1) Percentage-of-completion estimates on long-term contracts (2) Estimates of the provision for doubtful accounts (3) Estimated useful lives of property and equipment (4) Valuation allowances related to deferred tax assets
Financial Instruments	Financial Instruments The Company includes fair value information in the notes to the consolidated financial statements when the fair value of its financial instruments is different from the book value. When the book value approximates fair value, no additional disclosure is made, which is the case for financial instruments outstanding as of December 31, 2015 and 2014. The Company assumes the book value of those financial instruments that are classified as current approximates fair value because of the short maturity of these instruments. For non-current financial instruments, the Company uses quoted market prices or, to the extent that there are no available quoted market prices, market prices for similar instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents consist of liquid investments with original maturities of three months or less. Cash balances routinely exceed FDIC limits however all cash is maintained in JP Morgan Chase and Frost Bank and believed to be secure.
Short-term Investments	Short-term investments Short-term investments consist of any fund held in certificate of deposit with maturity greater than three months and investments in debt and equity securities with maturity of one year or less.
Accounts Receivable and Allowance for Bad Debts	Accounts Receivable and Allowance for Bad Debts The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The estimate is based on management’s assessment of the collectability of specific customer accounts and includes consideration for credit worthiness and financial condition of those specific customers. The Company also reviews historical experience with the customer, the general economic environment and the aging of its receivables. The Company records an allowance to reduce receivables to the amount it reasonably believes to be collectible. Based on this assessment, management believes the allowance for doubtful accounts is adequate. The bad debt expense was $0.17 million and ($0.01) million for the fiscal years ended December 31, 2015 and 2014.
Inventories	Inventories Inventories are stated at the lower of cost or market, with material value determined using an average cost method. Inventory costs for work-in-process include direct material, direct labor, production overhead and outside services. Indirect overhead is apportioned to work-in-process based on direct labor incurred.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost. Expenditures for repairs and maintenance are expensed as incurred while renewals and betterments are capitalized. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets after giving effect to salvage values.
Long-lived assets	Long-lived assets If events or circumstances indicate the carrying amount of an asset may not be recoverable, including intangible assets, management tests long-lived assets for impairment. If the estimated future cash flows are projected to be less than the carrying amount, an impairment write-down (representing the carrying amount of the long-lived asset which exceeds the present value of estimated expected future cash flows) would be recorded as a period expense. Events that would trigger an impairment test include the following: · A significant decrease in the market price of a long-lived asset. · A significant change in the use of long-lived assets or in its physical condition. · A significant change in the business climate that could affect an assets value. · An accumulation of cost significantly greater than the amount originally expected to acquire or construct a long-lived asset. · A current period operating or cash flow loss combined with a history of such losses or a forecast demonstrating continued losses associated with the use of a long-lived asset. · An expectation to sell or otherwise dispose of a long-lived asset significantly before the end of its estimated useful life. Based on management’s reviews during each of the years ended December 31, 2015 and 2014, there were no events or circumstances that caused management to believe that impairments were necessary.
Intangible Assets	Intangible Assets Intangible Assets at December 31, 2014 Useful Cost Accumulated Net Value (in thousands) Intellectual property 3 $ 322 $ 322 $ - License - 218 - 218 $ 540 $ 322 $ 218 On March 8, 2012, the Company acquired certain technology from Amnor Technologies, Inc. for cash of $0.10 million plus 44,000 shares of the Company’s common stock valued at $4.95 per share (the closing price on that date). One fourth of the shares were issued initially with the balance to be issued one third annually on the anniversaries over the subsequent 3 years. The purchase price was valued at $0.32 million (including $4,000 of transaction costs) at March 8, 2012 and is recorded as an intangible asset in the consolidated balance sheets. This cost is being amortized over its estimated useful life of 3 years. Amortization expense of $0.02 million and $0.11 million was recognized annually during the years ended December 31, 2015 and 2014 and is included in general and administrative expenses in the consolidated statements of operations. There were no unamortized amounts remaining at December 31, 2015. The technology provides automation and control system technologies for land and offshore drilling monitoring and control (auto-driller); marine automation including ballast control and tank monitoring and machinery plant control and monitoring systems; IP-based CCTV systems; and military vessel security and safety systems, all proven in multiple installations. During 2014 we acquired arc-resistant technology and capitalized the cost of $0.22 million. If events or circumstances indicate the carrying amount of an asset may not be recoverable, including intangible assets, management tests long-lived assets for impairment.
Income Taxes	Income Taxes The Company uses the asset and liability method to account for income taxes. Under this method of accounting for income taxes, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates and laws that will be in effect when the differences are expected to be reported to the taxing authority. The Company also records any financial statement recognition and disclosure requirements for uncertain tax positions taken or expected to be taken in its tax return. Financial statement recognition of the tax position is dependent on an assessment of a 50% or greater likelihood that the tax position will be sustained upon examination, based on the technical merits of the position. Any interest and penalties related to uncertain tax positions are recorded as interest expense in the accompanying consolidated statements of operations.
Foreign Currency Gains and Losses	Foreign Currency Gains and Losses Foreign currency translations are included as a separate component of comprehensive income. The Company has determined the local currency of its foreign subsidiary and foreign joint ventures to be the functional currency. In accordance with ASC 830, the assets and liabilities of the foreign equity investees and foreign subsidiary, denominated in foreign currency, are translated into United States dollars at exchange rates in effect at the consolidated balance sheet date and net sales and expenses are translated at the average exchange rate for the period. Related translation adjustments are reported as comprehensive income, net of deferred income taxes, which is a separate component of stockholders’ equity, whereas gains and losses resulting from foreign currency transactions are included in results of operations.
Net Sales Recognition	Net Sales Recognition The Company reports earnings from fixed-price and modified fixed-price long-term contracts on the percentage-of-completion method. Earnings are accrued based on the ratio of costs incurred to total estimated costs. However, for our manufacturing activities, we have determined that labor incurred provides an improved measure of percentage-of-completion. Costs include direct material, direct labor, and job related overhead. Losses expected to be incurred on contracts are charged to operations in the period such losses are determined. A contract is considered complete when all costs except insignificant items have been incurred and the facility has been accepted by the customer. Net sales from non-time and material jobs of a short-term nature (typically less than one month) are recognized on the completed-contract method after considering the attributes of such contracts. This method is used because these contracts are typically completed in a short period of time and the financial position and results of operations do not vary materially from those which would result from use of the percentage-of-completion method. The Company records net sales from its field and technical service and repair operations on a completed service basis after customer acknowledgement that the service has been completed and accepted. In addition, the Company sells certain purchased parts and products. These net sales are recorded when the product is shipped and title passes to the customer. The asset, “Work-in-process,” which is included in inventories, represents the cost of labor, material, and overhead in excess of amounts billed on jobs accounted for under the completed-contract method. For contracts accounted for under the percentage-of-completion method, the asset, “Costs and estimated earnings in excess of billing on uncompleted contracts,” represents net sales recognized in excess of amounts billed and the liability, “Billings in excess of costs and estimated earnings on uncompleted contracts,” represents billings in excess of net sales recognized. Any billed net sale that has not been collected is reported as accounts receivable. The timing of when we bill our customers is generally dependent upon advance billing terms or completion of certain phases of the work. On occasion, the Company enters into long-term contracts that include both a service component and a manufacturing component. The Company segments net sales, costs and gross profit related to these contracts if they meet the contract segmenting criteria in ASC 605-35, including that the terms and scope of the project clearly call for separate elements, the separate elements are often bid or negotiated by the Company separately and the total economic returns and risks of the separate elements are similar to the economic returns and risks of the overall contract. For segmented contracts, the Company recognizes net sales as if they were separate contracts over the performance periods of the individual elements. Contract net sales recognition inherently involves estimation, including the contemplated level of effort to accomplish the tasks under the contract, the cost of the effort, and an ongoing assessment of progress toward completing the contract. From time to time, as part of the normal management processes, facts develop that requires revisions to estimated total cost or net sales expected. The cumulative impact of any revisions to estimates and the full impact of anticipated losses on contracts are recognized in the period in which they become known.
Shipping and Handling Fees and Costs	Shipping and Handling Fees and Costs Shipping and handling fees, if billed to customers, are included in net sales. Shipping and handling costs associated with inbound freight are expensed as incurred. Shipping and handling costs associated with outbound freight are classified as cost of sales.
Concentration of Market Risk and Geographic Operations	Concentration of Market Risk and Geographic Operations Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of trade accounts receivable. The Company’s market risk is dependent primarily on the strength of the oil and gas and energy related industries. The Company grants credit to customers and generally does not require security except in the case of certain international contracts. Procedures are in effect to monitor the credit worthiness of its customers. During 2015, one customer accounted for approximately 14% of net sales and 3% of net accounts receivable trade. During 2014, one customer accounted for approximately 12% of net sales and 4% of net accounts receivable trade. The Company sells its products and services in domestic and international markets; however, significant portions of the Company’s sales are concentrated with customers located in the Gulf Coast region of the United States. The Gulf Coast region accounts for approximately 9% of the Company’s net sales during the year ended December 31, 2015 and 7% during 2014.
Reclassification	Reclassification Certain items are reclassified in the 2014 consolidated financial statements to conform to the 2015 presentation. Such reclassifications had no effect on the Company’s financial position, results of operations or cashflows.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU No. 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. Compensation – Stock Compensation, In November 2014, the FASB issued ASU No. 2014-17, Business Combinations (Topic 805): Pushdown Accounting a census of the FASB Emerging Issues Task Force. In January 2015, the FASB issued ASU No. 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplified Income Statement Presentation by Eliminating the Concept of Extraordinary Items. Income statement – Extraordinary and Unusual Items, In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, TM In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU No. 2016-02, Leases

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Intangible Assets	Intangible Assets Intangible Assets at December 31, 2014 Useful Cost Accumulated Net Value (in thousands) Intellectual property 3 $ 322 $ 322 $ - License - 218 - 218 $ 540 $ 322 $ 218

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following at December 31, 2015 and 2014. December 31, 2015 December 31, 2014 (in thousands) Raw materials $ 594 $ 940 Work-in-process 791 1,902 1,385 2,842 Less: allowance (60 ) (73 ) Total inventories $ 1,325 $ 2,769

Costs, Estimated Earnings, an31

Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts (Tables)	12 Months Ended
	Dec. 31, 2015
Contractors [Abstract]
Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts	Contracts in progress at December 31, 2015 and 2014 consisted of the following: 2015 2014 (in thousands) Costs incurred on uncompleted contracts $ 31,197 $ 7,279 Estimated earnings 10,506 5,208 41,703 12,487 Billings on uncompleted contracts (41,030 ) (11,481 ) $ 673 $ 1,006 Costs, estimated earnings, and related billing on uncompleted contracts consisted of the following at December 31, 2015 and 2014: 2015 2014 (in thousands) Cost and estimated earnings in excess of billings on uncompleted contracts $ 2,302 $ 2,989 Billings in excess of costs and estimated earnings on uncompleted contracts (1,629) (1,983 ) $ 673 $ 1,006

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment consisted of the following at December 31, 2015 and 2014: Category Estimated 2015 2014 (in thousands) Buildings and improvements 15 – 25 $ 8,083 $ 8,117 Office equipment and furniture 2 – 7 2,126 2,583 Automobiles and trucks 2 – 5 118 265 Machinery and shop equipment 2 – 10 2,963 3,349 Construction in progress 94 428 13,384 14,742 Less: accumulated depreciation and amortization 5,603 6,503 7,781 8,239 Land 134 134 $ 7,915 $ 8,373

Advances to and Investments i33

Advances to and Investments in Foreign Joint Ventures' Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Financial Information of Foreign Joint Ventures	Sales to foreign joint ventures’ operations are made on an arm’s length basis and intercompany profits, if any, are eliminated in consolidation. Summary financial information of BOMAY, MIEFE and AAG in U.S. dollars was as follows at December 31, 2015 and 2014: BOMAY MIEFE AAG* 2015 2014 2015 2014 2015 2014 Assets: Total current assets $ 68,151 $ 77,812 $ 2,365 $ 3,488 $ - $ - Total non-current assets 4,131 4,710 70 108 - - Total assets $ 72,282 $ 82,522 $ 2,435 $ 3,596 $ - $ - Liabilities and equity: Total liabilities $ 44,415 $ 53,277 $ 1,930 $ 2,128 $ - $ - Total joint ventures’ equity 27,867 29,245 505 1,468 - - Total liabilities and equity $ 72,282 $ 82,522 $ 2,435 $ 3,596 $ - $ - Twelve Months Ended December 31, BOMAY MIEFE AAG* 2015 2014 2015 2014 2015 2014 Revenue $ 47,347 $ 73,148 $ 5,741 $ 5,161 $ - $ 1,078 Gross Profit $ 8,353 $ 12,469 $ 1,112 $ 2,091 $ - $ 154 Earnings $ 2,433 $ 5,136 $ (567 ) $ 336 $ - $ 4
Schedule of Activity in Investment in Foreign Joint Ventures	The Company’s investments in and advances to its foreign joint ventures’ operations were as follows as of December 31, 2015 and 2014: 2015 2014 BOMAY* MIEFE AAG TOTAL BOMAY* MIEFE AAG TOTAL (in thousands) (in thousands) Investments in foreign joint ventures: Balance, beginning of year $ 2,033 $ 14 $ - $ 2,047 $ 2,033 $ 14 $ 54 $ 2,101 Additional amounts invested and advanced - - - - - - - - Withdrawal from joint venture - - - - - - (54 ) (54 ) Balance, end of year 2,033 14 - 2,047 2,033 14 - 2,047 Undistributed earnings: Balance, beginning of year 8,157 358 - 8,515 7,145 870 1,481 9,496 Equity in earnings (loss) 973 (232 ) - 741 2,054 138 2 2,194 Dividend distributions (1,032 ) (137 ) - (1,169 ) (1,042 ) (650 ) (830 ) (2,522 ) Withdrawal from joint venture - - - - - - (653 ) (653 ) Balance, end of year 8,098 (11 ) - 8,087 8,157 358 - 8,515 Foreign currency translation: Balance, beginning of year 1,358 134 - 1,492 1,431 254 (249 ) 1,436 Change, during the year (593 ) 71 - (522 ) (73 ) (120 ) 178 (15 ) Withdrawal from joint venture - - - - - - 71 71 Balance, end of year 765 205 - 970 1,358 134 - 1,492 Investments, end of year $ 10,896 $ 208 $ - $ 11,104 $ 11,548 $ 506 $ - $ 12,054 * Accumulated statutory reserves in equity method investments of $2.72 million and $2.10 million at December 31, 2015 and 2014, are included in AETI’s consolidated retained earnings. In accordance with the People’s Republic of China, (“PRC”), regulations on enterprises with foreign ownership, an enterprise established in the PRC with foreign ownership is required to provide for certain statutory reserves, namely (i) General Reserve Fund, (ii) Enterprise Expansion Fund and (iii) Staff Welfare and Bonus Fund, which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A non-wholly-owned foreign invested enterprise is permitted to provide for the above allocation at the discretion of its board of directors. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Components of income (loss) before income taxes and dividends on preferred stock	The components of income (loss) before income taxes and dividends on preferred stock for the years ended December 31, 2015 and 2014 were as follows: 2015 2014 (in thousands) United States $ (2,659) $ (7,255) Foreign 741 2,194 $ (1,918) $ (5,061)
Components of provision (benefit) for income taxes by taxing authority	The components of the provision (benefit) for income taxes by taxing authority for the years ended December 31, 2015 and 2014 were as follows: 2015 2014 (in thousands) Current provision: Federal $ 443 $ - Foreign 131 - States - - Total current provision 574 - Deferred provision (benefit): Federal (114) (309) Foreign - - States (32) (25) Total deferred provision (benefit): (146) (334) $ 428 $ (334)
Components of deferred federal income taxes	Significant components of the Company’s deferred federal income taxes were as follows: December 31, December 31, 2015 2014 Non-Current Deferred tax assets: Accrued liabilities $ 22 $ 161 Deferred compensation 936 726 Allowance for doubtful accounts 73 111 Inventory 73 122 Net operating loss 4,137 3,848 Property and equipment 123 66 Foreign tax credit carry forward 3,226 2,811 Deferred tax assets 8,590 7,845 Deferred tax liabilities: Valuation allowance (8,590 ) (7,845 ) Equity in foreign investments (2,755 ) (2,523 ) Intangible assets - - Translation gain (309 ) (523 ) Deferred tax liabilities (11,654 ) (10,891 ) Net deferred tax assets (liabilities) (3,064 ) (3,046 )
Summary of difference between effective income tax rate determined by applying statutory income tax rate	The difference between the effective income tax rate reflected in the provision for income taxes and the amounts, which would be determined by applying the statutory income tax rate of 34%, is summarized as follows: 2015 2014 (in thousands) (Provision for) benefit from U.S federal statutory rate $ 663 $ 1,611 Effect of state income taxes 32 35 Non-deductible business meals and entertainment expenses (16) (486) Foreign income taxes included in equity in earnings 269 1,400 Accrual to return adjustments and other (580) (12) Change in valuation allowance (796) (2,214) Total (Expense) $ (428) $ 334

Notes payable (Tables)

Notes payable (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Components of Notes Payable	The components of notes payable at December 31, 2015 and 2014 are as follows: 2015 2014 (In thousands) Revolving credit agreement $ 1,043 $ - Current portion of long-term notes payable...................................... 300 222 Long-term notes payable 4,200 3,778 Total revolving credit agreement $ 5,543 $ 4,.000
Schedule of Principal Payments of Debt	Principal payments of debt for years subsequent to 2015 are as follows (in thousands): Amount (In thousands) 2016 $ 1,343 2017 300 2018 300 2019 300 2020 3,300 $ 5,543

Lease (Tables)

Lease (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Schedule of Future Lease Payments	The following is a schedule of future lease payments: Year Ending December 31, Amount (In thousands) 2016 $ 690 2017 629 2018 596 2019 411 2020 207 $ 2,533

Stock and Stock- based Compensa

Stock and Stock- based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Unvested Restricted Stock Units	The following table summarizes the activity for unvested restricted stock units for the years ended December 31, 2015 and 2014: Units Weighted Unvested restricted stock units at December 31, 2013 471,630 $ 4.77 Awarded 160,000 $ 6.84 Vested (211,719 ) $ 4.23 Forfeited (251,269 ) $ 6.47 Unvested restricted stock units at December 31, 2014 168,642 $ 4.88 Awarded 231,356 $ 3.47 Vested (72,298) $ 4.44 Forfeited (11,853) $ 4.55 Unvested restricted stock units at December 31, 2015 315,847 $ 3.99
Summary of Stock Option Activity	Details of stock option activity during the years ended December 31, 2015 and 2014 follows: 2015 2015 Weighted 2014 2014 Weighted Outstanding at beginning of year - $ - 16,944 $ 4.09 Options granted - - — — Options exercised - - (11,980) 4.09 Options forfeited - - — 4.09 Options expired - - (4,964) 4.09 Outstanding at end of year - - - - Exercisable at end of year - $ - - $ -

Redeemable Convertible Prefer38

Redeemable Convertible Preferred Stock (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Preferred Stock and Warrants Calculated Using the Black Scholes Merton Pricing Model	The preferred stock and warrants were issued for a total of $5.0 million. This amount was allocated to the preferred stock and warrants based on their relative fair values. The fair value of the warrants was calculated using the Black Scholes-Merton pricing model using the following weighted average assumptions, at the grant date: Number of warrants 325,000 Exercise price $ 6.62 Expected volatility of underlying stock 74 % Risk-free interest rate 1.62 % Dividend yield 0 % Expected life of warrants 8 years Weighted-average fair value of warrants $ 3.11 Expiration date May 2, 2020

Quarterly Results for Continu39

Quarterly Results for Continuing Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Information for the Applicable Time Periods	The following table reflects the quarterly information for continuing operations for the applicable time periods. 2015 Q1 Q2 Q3 Q4 Total Net Sales $ 15,311 $ 12,302 $ 13,780 $ 7,690 $ 49,083 Gross Profit 2,283 2,044 2561 (298 ) $ 6,590 Net income (loss) 274 547 204 (3,618 ) (2,593 ) Earnings (loss) per share: Basic $ 0.02 $ 0.06 $ 0.01 $ (0.45 ) $ (0.36 ) 2014 Q1 Q2 Q3 Q4 Total Net Sales $ 15,848 $ 13,430 $ 14,283 $ 13,693 $ 57,254 Gross Profit 2,435 2,028 495 37 4,995 Net income (loss) 848 1,062 (1,982 ) (1,982 ) (2,054 ) Earnings (loss) per share: Basic $ 0.09 $ 0.12 $ (0.25 ) $ (0.25 ) $ (0.29 )

Earnings (Loss) from Continui40

Earnings (Loss) from Continuing Operations Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings (Loss) Per Common Share	The following table sets forth the computation of basic and diluted earnings (loss) per common share (in thousands, except share and per share data): Year Ended December 31, 2015 2014 Net income (loss)** $ (2,942) $ (2,399) Weighted average basic shares 8,241,585 8,182,034 Dilutive effect of stock options, restricted stock units, preferred stock and warrants* 0 0 Total weighted average diluted shares with assumed conversions 8,241,585 8,182,034 Earnings loss from continuing operations per common share: Basic $ $(0.36) $ (0.29) Dilutive $ $(0.36) $ (0.29) *No units or shares are considered when losses cause the effect to be anti-dilutive. **Net income (loss) represents net income (loss) from continuing operations less the dividends on redeemable convertible preferred stock.

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations And Disposal Groups [Abstract]
Assets and Liabilities Held For Sale	Assets and Liabilities held for sale (in thousands) For the Year Ended December 31, 2015 2014 Current assets held for sale $ - $ - Long term assets held for sale* - 650 Total assets held for sale $ - $ 650 Current liabilities held for sale - - Total liabilities held for sale - - Net assets and liabilities held for sale $ - $ 650 *During the third quarter 2015, the Long term asset held for sale was transferred to the Condensed Consolidated Balance Sheet
Condensed Consolidated Statements of Operations	For the Year Ended December 31, 2015 2014 Operating income (loss) from discontinued operations $ - $ (373 ) Provision for income taxes - - Valuation provision ("impairment") on assets for sale - (2,300 ) Net loss after tax $ - $ (2,673 )
Condensed Consolidated Statements of Cash Flows	For the Year Ended December 31, 2015 2014 Net cash (used in) operating activities $ - $ (1,967 ) Net cash provided by (used in) investing activities* - 2,769 Net cash (used in) financing activities - - Advances (to) from parent - (802 ) Net increase (decrease) in cash and cash equivalents $ - $ - * Includes sale proceeds of $2.3 million. Cash is not included in assets held for sale and is included in the consolidated balance sheets in cash.

Organization and Nature of Bu42

Organization and Nature of Business (Detail)	May. 17, 2007	Dec. 31, 2015aft²Segment	Dec. 31, 2014Segment	Jul. 31, 2014
Organization And Nature Of Business [Line Items]
Percentage of reverse acquisition interest	80.00%
Number of segments | Segment		1
M&I Brazil
Organization And Nature Of Business [Line Items]
Ownership interest in newly formed brazil company				20.00%
M&I Brazil | M&I
Organization And Nature Of Business [Line Items]
Ownership interest in newly formed brazil company				80.00%
Previously Reported
Organization And Nature Of Business [Line Items]
Number of segments | Segment			3
Beaumont, Texas facilities
Organization And Nature Of Business [Line Items]
Area of Land | a		9
Company owns facility | ft²		118,000
Mississippi facility
Organization And Nature Of Business [Line Items]
Area of Land | a		3
Company owns facility | ft²		11,700

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Additional Information (Detail)	Mar. 08, 2012USD ($)$ / sharesshares	Dec. 31, 2015USD ($)Customer	Dec. 31, 2014USD ($)Customer
Schedule Of Accounting Policies [Line Items]
Bad debt expense		$ 172,000	$ (12,000)
Non-time and material jobs of short term nature duration description		less than one month
Number of Customers | Customer		1	1
Geographic Concentration Risk | Sales | Gulf Coast region
Schedule Of Accounting Policies [Line Items]
Customer accountability percentage		9.00%	7.00%
Customer one | Credit Concentration Risk | Sales
Schedule Of Accounting Policies [Line Items]
Customer accountability percentage		14.00%	12.00%
Customer one | Credit Concentration Risk | Accounts Receivable
Schedule Of Accounting Policies [Line Items]
Customer accountability percentage		3.00%	4.00%
Acquired Technology | Amnor Technologies
Schedule Of Accounting Policies [Line Items]
Cash payment for acquisition	$ 100,000
Shares payment for acquisition | shares	44,000
Common stock, per share | $ / shares	$ 4.95
Equity Interests Issuable Period	3 years
Intangible assets acquired	$ 320,000
Transaction cost	$ 4,000
Business acquisition equity interests issued during period, percentage of shares	25.00%
Estimated useful life	3 years
Unamortized amounts remaining		$ 0
Acquired Technology | Amnor Technologies | General and Administrative Expense
Schedule Of Accounting Policies [Line Items]
Amortization expense related to intangible assets		$ 20,000	$ 110,000
Arc-resistant Technology
Schedule Of Accounting Policies [Line Items]
Intangible assets acquired			$ 220,000
First Anniversary | Acquired Technology | Amnor Technologies
Schedule Of Accounting Policies [Line Items]
Business acquisition equity interests issued during period, percentage of shares	25.00%
Second Anniversary | Acquired Technology | Amnor Technologies
Schedule Of Accounting Policies [Line Items]
Business acquisition equity interests issued during period, percentage of shares	25.00%
Third Anniversary | Acquired Technology | Amnor Technologies
Schedule Of Accounting Policies [Line Items]
Business acquisition equity interests issued during period, percentage of shares	25.00%

Summary of Significant Accoun44

Summary of Significant Accounting Policies - Summary of Intangible Assets (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Summary of Intangible Assets
Intangible assets, Cost	$ 540
Intangible assets, Accumulated Amortization	322
Intangible assets, Net Value	$ 218
Intellectual property
Summary of Intangible Assets
Finite lived intangible assets, Useful Lives	3 years
Finite lived intangible assets, Cost	$ 322
Finite lived intangible assets, Accumulated Amortization	322
License
Summary of Intangible Assets
Indefinite lived intangible assets, Cost	218
Indefinite lived intangible assets, Net Value	$ 218

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Raw materials	$ 594	$ 940
Work-in-process	791	1,902
Inventory, Gross	1,385	2,842
Less: allowance	(60)	(73)
Total inventories	$ 1,325	$ 2,769

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Obsolete inventory expense	$ 460	$ 33

Costs, Estimated Earnings, an47

Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts - Contracts in Progress (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Contractors [Abstract]
Costs incurred on uncompleted contracts	$ 31,197	$ 7,279
Estimated earnings	10,506	5,208
Total cost and earnings of unbilled contracts	41,703	12,487
Billings on uncompleted contracts	(41,030)	(11,481)
Total Costs, estimated earnings, and related billing on uncompleted contracts	$ 673	$ 1,006

Costs, Estimated Earnings, an48

Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts - Schedule of Costs, Estimated Earnings, and Related Billing on Uncompleted Contracts (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Contractors [Abstract]
Cost and estimated earnings in excess of billings on uncompleted contracts	$ 2,302	$ 2,989
Billings in excess of costs and estimated earnings on uncompleted contracts	(1,629)	(1,983)
Total Costs, estimated earnings, and related billing on uncompleted contracts	$ 673	$ 1,006

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, plant and equipment
Property, plant and equipment, gross	$ 13,384	$ 14,742
Less: accumulated depreciation and amortization	5,603	6,503
Property, plant and equipment gross, excluding land	7,781	8,239
Land	134	134
Property, plant and equipment, net	7,915	8,373
Buildings and improvements
Property, plant and equipment
Property, plant and equipment, gross	$ 8,083	8,117
Buildings and improvements | Minimum
Property, plant and equipment
Property, plant and equipment, Estimated Useful Lives (years)	15 years
Buildings and improvements | Maximum
Property, plant and equipment
Property, plant and equipment, Estimated Useful Lives (years)	25 years
Office equipment and furniture
Property, plant and equipment
Property, plant and equipment, gross	$ 2,126	2,583
Office equipment and furniture | Minimum
Property, plant and equipment
Property, plant and equipment, Estimated Useful Lives (years)	2 years
Office equipment and furniture | Maximum
Property, plant and equipment
Property, plant and equipment, Estimated Useful Lives (years)	7 years
Automobiles and trucks
Property, plant and equipment
Property, plant and equipment, gross	$ 118	265
Automobiles and trucks | Minimum
Property, plant and equipment
Property, plant and equipment, Estimated Useful Lives (years)	2 years
Automobiles and trucks | Maximum
Property, plant and equipment
Property, plant and equipment, Estimated Useful Lives (years)	5 years
Machinery and shop equipment
Property, plant and equipment
Property, plant and equipment, gross	$ 2,963	3,349
Machinery and shop equipment | Minimum
Property, plant and equipment
Property, plant and equipment, Estimated Useful Lives (years)	2 years
Machinery and shop equipment | Maximum
Property, plant and equipment
Property, plant and equipment, Estimated Useful Lives (years)	10 years
Construction in Progress
Property, plant and equipment
Property, plant and equipment, gross	$ 94	$ 428

Property, Plant and Equipment50

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property Plant And Equipment [Line Items]
Depreciation charges	$ 890	$ 560
Cost of sales
Property Plant And Equipment [Line Items]
Depreciation charges	730	430
Selling, General and Administrative Expenses
Property Plant And Equipment [Line Items]
Depreciation charges	$ 160	$ 130

Advances to and Investments i51

Advances to and Investments in Foreign Joint Ventures' Operations - Additional Information (Detail) - 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	Apr. 30, 2007	Dec. 31, 2006
Schedule Of Equity Method Investments [Line Items]
Equity income from foreign joint ventures’ operations									$ 741	$ 2,194
Dividends received									1,170	2,522
Net sales	$ 7,690	$ 13,780	$ 12,302	$ 15,311	$ 13,693	$ 14,283	$ 13,430	$ 15,848	49,083	57,254
Outstanding balance on note	$ 870				2,610				870	2,610
Foreign joint ventures' operations related expenses									$ 393	522
BOMAY
Schedule Of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	40.00%								40.00%
Investment in joint ventures											$ 1,000	$ 1,000
Equity income from foreign joint ventures’ operations									$ 970	2,050
Dividends received									1,030	1,040
BOMAY | Affiliated Entity
Schedule Of Equity Method Investments [Line Items]
Net sales									190	130
Accounts receivable from foreign joint venture	$ 0				30				$ 0	30
MIEFE
Schedule Of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	41.00%								41.00%
Equity income from foreign joint ventures’ operations									$ (230)	140
Dividends received									140	650
MIEFE | Affiliated Entity
Schedule Of Equity Method Investments [Line Items]
Net sales									50	10
Accounts receivable from foreign joint venture	$ 50				$ 0				$ 50	$ 0

Advances to and Investments i52

Advances to and Investments in Foreign Joint Ventures' Operations - Schedule of Financial Information of Foreign Joint Ventures (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
BOMAY
Assets:
Total current assets	$ 68,151	$ 77,812
Total non-current assets	4,131	4,710
Total assets	72,282	82,522
Liabilities and equity:
Total liabilities	44,415	53,277
Total joint ventures’ equity	27,867	29,245
Total liabilities and equity	72,282	82,522
Revenue	47,347	73,148
Gross Profit	8,353	12,469
Earnings	2,433	5,136
MIEFE
Assets:
Total current assets	2,365	3,488
Total non-current assets	70	108
Total assets	2,435	3,596
Liabilities and equity:
Total liabilities	1,930	2,128
Total joint ventures’ equity	505	1,468
Total liabilities and equity	2,435	3,596
Revenue	5,741	5,161
Gross Profit	1,112	2,091
Earnings	$ (567)	336
AAG
Liabilities and equity:
Revenue		1,078
Gross Profit		154
Earnings		$ 4

Advances to and Investments i53

Advances to and Investments in Foreign Joint Ventures' Operations - Schedule of Activity in Investment in Foreign Joint Ventures (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	$ 12,054
Equity in earnings (loss)	741	$ 2,194
Balance, end of year	11,104	12,054
Investment In Joint Ventures
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	2,047	2,101
Withdrawal from joint venture		(54)
Balance, end of year	2,047	2,047
Undistributed Earnings
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	8,515	9,496
Equity in earnings (loss)	741	2,194
Dividend distributions	(1,169)	(2,522)
Withdrawal from joint venture		(653)
Balance, end of year	8,087	8,515
Foreign Currency Translation
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	1,492	1,436
Change during the year	(522)	(15)
Withdrawal from joint venture		71
Balance, end of year	970	1,492
BOMAY
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	11,548
Equity in earnings (loss)	970	2,050
Balance, end of year	10,896	11,548
BOMAY | Investment In Joint Ventures
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	2,033	2,033
Balance, end of year	2,033	2,033
BOMAY | Undistributed Earnings
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	8,157	7,145
Equity in earnings (loss)	973	2,054
Dividend distributions	(1,032)	(1,042)
Balance, end of year	8,098	8,157
BOMAY | Foreign Currency Translation
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	1,358	1,431
Change during the year	(593)	(73)
Balance, end of year	765	1,358
MIEFE
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	506
Equity in earnings (loss)	(230)	140
Balance, end of year	208	506
MIEFE | Investment In Joint Ventures
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	14	14
Balance, end of year	14	14
MIEFE | Undistributed Earnings
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	358	870
Equity in earnings (loss)	(232)	138
Dividend distributions	(137)	(650)
Balance, end of year	(11)	358
MIEFE | Foreign Currency Translation
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year	134	254
Change during the year	71	(120)
Balance, end of year	$ 205	134
AAG | Investment In Joint Ventures
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year		54
Withdrawal from joint venture		(54)
AAG | Undistributed Earnings
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year		1,481
Equity in earnings (loss)		2
Dividend distributions		(830)
Withdrawal from joint venture		(653)
AAG | Foreign Currency Translation
Schedule Of Equity Method Investments [Line Items]
Balance, beginning of year		(249)
Change during the year		178
Withdrawal from joint venture		$ 71

Advances to and Investments i54

Advances to and Investments in Foreign Joint Ventures' Operations - Schedule of Activity in Investment in Foreign Joint Ventures (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Equity Method Investments
Schedule Of Equity Method Investments [Line Items]
Accumulated statutory reserves in equity method investments	$ 2,722	$ 2,100

Income Taxes - Components of In

Income Taxes - Components of Income (Loss) before Income Taxes and Dividends on Preferred Stock (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Components of income (loss) before income taxes
United States	$ (2,659)	$ (7,255)
Foreign	741	2,194
Income (loss) before income taxes	$ (1,918)	$ (5,061)

Income Taxes - Components of Pr

Income Taxes - Components of Provision (Benefit) for Income Taxes by Taxing Authority (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Current provision:
Federal	$ 443
Foreign	131
Total current provision	574
Deferred provision (benefit):
Federal	(114)	$ (309)
States	(32)	(25)
Total deferred provision (benefit):	(146)	(334)
Total provision (benefit) for income taxes	$ 428	$ (334)

Income Taxes - Components of De

Income Taxes - Components of Deferred Federal Income Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Accrued liabilities	$ 22	$ 161
Deferred compensation	936	726
Allowance for doubtful accounts	73	111
Inventory	73	122
Net operating loss	4,137	3,848
Property and equipment	123	66
Foreign tax credit carry forward	3,226	2,811
Deferred tax assets	8,590	7,845
Deferred tax liabilities:
Valuation allowance	(8,590)	(7,845)
Equity in foreign investments	(2,755)	(2,523)
Translation gain	(309)	(523)
Deferred tax liabilities	(11,654)	(10,891)
Net deferred tax assets (liabilities)	$ (3,064)	$ (3,046)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2011
Income Taxes [Line Items]
Non-cash expense	$ 400
Recognition of a valuation allowance against deferred tax assets in the U.S	8,640	$ 7,850
Net operating loss carry forwards, federal	10,800
Net operating loss carry forwards, state	$ 13,000
Income tax examination, year under examination	2,008
Annual net operating loss carry forward limitation expiration year	2,027
Effective tax rate	34.00%	34.00%
Annual Net Operating Loss Carry Forward Limitation
Income Taxes [Line Items]
Net operating loss carry forwards related to business combination	$ 7,400
Annual Net Operating Loss Carry Forward Limitation | U.S. federal | Internal Revenue Service (IRS)
Income Taxes [Line Items]
Net operating loss carry forwards subject to expiration			$ 299
Earliest Tax Year
Income Taxes [Line Items]
Operating loss carry forwards expiration date	Dec. 31, 2019
Latest Tax Year
Income Taxes [Line Items]
Operating loss carry forwards expiration date	Dec. 31, 2031

Income Taxes - Summary of Diffe

Income Taxes - Summary of Difference Between Effective Income Tax Rate Determined by Applying Statutory Income Tax Rate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary of difference between effective income tax rate determined by applying statutory income tax rate
(Provision for) benefit from U.S federal statutory rate	$ 663	$ 1,611
Effect of state income taxes	32	35
Non-deductible business meals and entertainment expenses	(16)	(486)
Foreign income taxes included in equity in earnings	269	1,400
Accrual to return adjustments and other	(580)	(12)
Change in valuation allowance	(796)	(2,214)
Total (Expense)	$ (428)	$ 334

Notes Payable - Components of N

Notes Payable - Components of Notes Payable (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Components of notes payable
Current portion of long-term notes payable	$ 1,043
Total revolving credit agreement	5,543	$ 4,000
Revolving Credit Facility
Components of notes payable
Total notes payable	1,043
Facility B
Components of notes payable
Current portion of long-term notes payable	300	222
Long-term notes payable	$ 4,200	$ 3,778

Notes Payable - Schedule of Pri

Notes Payable - Schedule of Principal Payments of Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
2,016	$ 1,343
2,017	300
2,018	300
2,019	300
2,020	3,300
Total revolving credit agreement	$ 5,543	$ 4,000

Notes Payable - Additional Info

Notes Payable - Additional Information (Detail)	Dec. 29, 2015USD ($)CreditFacility	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, agreement date		Dec. 29, 2015
Number of revolving credit facilities | CreditFacility	2
Amount borrowed under revolving credit facility		$ 5,540,000	$ 4,000,000
Credit facility's interest rate, Description		Interest rate on both facilities is LIBOR (0.61% at December 31, 2015) plus 2.75% per annum period.
Leverage test of total liabilities to total net worth	1.25
Additional borrowing Capacity		$ 2,540,000	$ 3,200,000
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Fixed charge coverage ratio	125.00%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument variable interest rate		0.61%
Credit facility's interest rate	2.75%
Facility A
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 4,000,000
Line of credit term	2 years
Line of credit facility maximum borrowing capacity subject to value of certain accounts, inventories and equipment		$ 3,580,000
Revolving credit agreement maturity date	Dec. 29, 2017
Amount borrowed under revolving credit facility	$ 1,040,000	0
Line of credit facility additional borrowing capacity subject to value of certain accounts, inventories and equipment		2,540,000
Facility B
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 4,500,000
Revolving credit agreement maturity date	Dec. 29, 2020
Amount borrowed under revolving credit facility	$ 4,500,000	$ 4,500,000
Line of credit facility, borrowing capacity, description		The amount available to borrow under Facility B declines from the initial $4.50 million by $0.15 million each six months.
Revolving line of credit decline term		6 months
Decline in revolving line of credit	$ 150,000

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013ft²
Leases [Abstract]
Lease covered area | ft²				13,000
Term of lease	64 months
Lease expiration year		2,016
Rental expense | $		$ 0.4	$ 0.3

Leases (Detail)

Leases (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Schedule of future minimum rental payments under operating leases
2,016	$ 690
2,017	629
2,018	596
2,019	411
2,020	207
Total	$ 2,533

Stock and Stock-based Compens65

Stock and Stock-based Compensation - Additional Information (Detail)	1 Months Ended	12 Months Ended
	Feb. 29, 2016shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	May. 31, 2014shares	Dec. 31, 2013shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock issued to ESPP, shares		5,668	3,640
Additional compensation cost that will be recognized in future periods | $		$ 2,100,000
Stock options issued		0	0
Stock options outstanding		0	0		16,944
Unrecognized compensation cost related to stock option | $		$ 0
Director
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock units reserved for issuance in lieu of retainer fee		36,200	18,000
Minimum | Director
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of retainer fee to acquire common stock		50.00%
Maximum | Director
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of retainer fee to acquire common stock		100.00%
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Conversion of stock RSU to Common, ratio		1
Convert to common stock		25.00%
Increment period for awards converted into common stock		4 years
Weighted average period additional compensation cost will be expensed		3 years
Granted restricted stock unit		231,356	160,000
Restricted Stock Units (RSUs) | Subsequent Event
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted restricted stock unit	343,000
Restricted Stock Units (RSUs) | Award Subject to 2016 Performance Measures | Subsequent Event
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted restricted stock unit	275,000
Restricted Stock Units (RSUs) | General and Administrative Expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock compensation expense | $		$ 460,000	$ 680,000
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock compensation expense | $		0	0
Board of Directors Compensation | General and Administrative Expense | Director
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock compensation expense | $		$ 178,000	$ 130,000
Two Thousand Seven Employee Stock Incentive Plan | Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for issuance under the plan				1,700,000

Stock and Stock-based Compens66

Stock and Stock-based Compensation - Summary of Unvested Restricted Stock Units (Detail) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary of unvested restricted stock units
Unvested restricted stock units, Beginning Balance	168,642	471,630
Granted restricted stock unit	231,356	160,000
Vested	(72,298)	(211,719)
Forfeited	(11,853)	(251,269)
Unvested restricted stock units, Ending Balance	315,847	168,642
Weighted Average Fair Value Per RSU, Beginning Balance	$ 4.88	$ 4.77
Awarded	3.47	6.84
Vested	4.44	4.23
Forfeited	4.55	6.47
Weighted Average Fair Value Per RSU, Ending Balance	$ 3.99	$ 4.88

Stock and Stock-based Compens67

Stock and Stock-based Compensation - Summary of Stock Option Activity (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary of stock option activity
Weighted Average Exercise Price, Beginning balance		$ 4.09
Weighted Average Exercise Price, Options exercised		4.09
Weighted Average Exercise Price, Options forfeited		4.09
Weighted Average Exercise Price, Options expired		$ 4.09
Summary of stock option activity
Outstanding, Beginning Balance	0	16,944
Stock options issued	0	0
Options exercised		(11,980)
Options expired		(4,964)
Outstanding, Ending Balance	0	0

Redeemable Convertible Prefer68

Redeemable Convertible Preferred Stock - Additional Information (Detail)	May. 02, 2012USD ($)$ / shares	Dec. 31, 2015USD ($)Installment$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Apr. 30, 2012shares	Apr. 13, 2012$ / sharesshares
Class Of Stock [Line Items]
Redeemable convertible preferred stock, shares issued		1,000,000	1,000,000
Common stock, shares issued		8,385,929	8,396,963		1,000,000
Number of warrants		325,000
Redeemable convertible preferred stock, shares authorized		1,000,000	1,000,000
Preferred stock and warrants value issued | $	$ 5,000,000	$ 840,000
Accretion amount | $		$ 50,000	$ 50,000
Warrants Exercise Price Tranche One
Class Of Stock [Line Items]
Redeemable convertible preferred stock, stock price per share | $ / shares					$ 6
Number of warrants					125,000
Warrants Exercise Price Tranche Two
Class Of Stock [Line Items]
Redeemable convertible preferred stock, stock price per share | $ / shares					$ 7
Number of warrants					200,000
Securities Purchase Agreement
Class Of Stock [Line Items]
Number of warrants					325,000
Series A Convertible Preferred Stock
Class Of Stock [Line Items]
Redeemable convertible preferred stock, stock price per share | $ / shares					$ 5
Redeemable convertible preferred stock, shares authorized				1,000,000
Cumulative dividends at a rate		6.00%
Redeemable convertible preferred stock, liquidation preference per share | $ / shares	$ 5
Number of redemption price, accrued and unpaid dividends installment payments | Installment		36
Annual interest rate on redemption value payable		6.00%
Redemption price per share | $ / shares		$ 5	$ 5
Preferred stock and warrants value issued | $	$ 4,160,000
Series A Convertible Preferred Stock | Securities Purchase Agreement
Class Of Stock [Line Items]
Redeemable convertible preferred stock, shares issued					1,000,000
Redeemable convertible preferred stock, stock price per share | $ / shares					$ 5

Redeemable Convertible Prefer69

Redeemable Convertible Preferred Stock - Preferred Stock and Warrants Calculated Using the Black Scholes Merton Pricing Model (Detail)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Preferred stock and warrants calculated using the Black Scholes Merton pricing model
Number of warrants | shares	325,000
Expiration date	May 2, 2020
Warrant
Preferred stock and warrants calculated using the Black Scholes Merton pricing model
Exercise price	$ 6.62
Expected volatility of underlying stock	74.00%
Risk-free interest rate	1.62%
Dividend yield	0.00%
Expected life of warrants	8 years
Weighted-average fair value of warrants	$ 3.11

Employee Benefit and Bonus Pl70

Employee Benefit and Bonus Plans - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)Employees	Dec. 31, 2014USD ($)
Employee Benefit and Bonus Plans (Textual) [Abstract]
Contribution to the plan	$ 0	$ 0
Executive Performance
Employee Benefit and Bonus Plans (Textual) [Abstract]
Number of employees who are covering executive performance of bonus plan | Employees	55
Executive Performance | Accrued Payroll and Benefits Expenses
Employee Benefit and Bonus Plans (Textual) [Abstract]
Accrued expenses	$ 460,000	$ 120,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Director
Related Party Transactions (Textual) [Abstract]
Overdue outstanding amount owed to law firm	$ 0	$ 0
Chief Executive Officer | Labor And Related Compensation
Related Party Transactions (Textual) [Abstract]
Compensation amount	$ 130,000	130,000
Percentage of amendment bonus	1.00%
Employment agreement expiration year	2,015
General and Administrative Expense | Director
Related Party Transactions (Textual) [Abstract]
Expenses related to legal advice	$ 50,000	50,000
General and Administrative Expense | Chief Executive Officer
Related Party Transactions (Textual) [Abstract]
Compensation amount included in general and administrative expenses	$ 130,000	$ 130,000

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015Segment
Segment Reporting [Abstract]
Number of segments	1

Quarterly Results for Continu73

Quarterly Results for Continuing Operations - Quarterly Information for the Applicable Time Periods (Detail) - USD ($) $ / shares in Units, $ 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
Quarterly information for the applicable time periods
Net sales	$ 7,690	$ 13,780	$ 12,302	$ 15,311	$ 13,693	$ 14,283	$ 13,430	$ 15,848	$ 49,083	$ 57,254
Gross Profit	(298)	2,561	2,044	2,283	37	495	2,028	2,435	6,590	4,995
Net income (loss) from continuing operations	$ (3,618)	$ 204	$ 547	$ 274	$ (1,982)	$ (1,982)	$ 1,062	$ 848	$ (2,593)	$ (2,054)
Earnings (loss) per share:
Basic	$ (0.45)	$ 0.01	$ 0.06	$ 0.02	$ (0.25)	$ (0.25)	$ 0.12	$ 0.09	$ (0.36)	$ (0.29)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Medical And Hospitalization Insurance Program - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Minimum insurance premium	$ 1,160,000	$ 1,170,000
Insurance reserves	0	$ 170,000
Liable for secured line of credit facility	1,250,000
Maximum
Loss Contingencies [Line Items]
Liable for all claims per insured annual amount	70,000
Liable for all claims per insured aggregate amount	$ 1,700,000

Earnings (Loss) from Continui75

Earnings (Loss) from Continuing Operations Per Common Share (Detail) - USD ($) $ / shares in Units, $ 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
Earnings Per Share [Abstract]
Net income (loss)	[1]									$ (2,942)	$ (2,399)
Weighted average basic shares										8,241,585	8,182,034
Dilutive effect of stock options and restricted stock units	[2]									0	0
Total weighted average diluted shares with assumed conversions										8,241,585	8,182,034
Earnings loss from continuing operations per common share:
Basic		$ (0.45)	$ 0.01	$ 0.06	$ 0.02	$ (0.25)	$ (0.25)	$ 0.12	$ 0.09	$ (0.36)	$ (0.29)
Dilutive										$ (0.36)	$ (0.29)
[1]	Net income (loss) represents net income (loss) from continuing operations less the dividends on redeemable convertible preferred stock.
[2]	No units or shares are considered when losses cause the effect to be anti-dilutive.

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations And Disposal Groups [Abstract]
Operating assets sales agreement effective date	Aug. 14, 2014
Minimum lease period with option to purchase	1 year

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities Held For Sale (Detail) $ in Thousands	Dec. 31, 2014USD ($)
Disposal Group Including Discontinued Operation Balance Sheet Disclosures [Abstract]
Long-term assets held for sale	$ 650
Total assets held for sale	650
Net assets and liabilities held for sale	$ 650

Discontinued Operations - Conde

Discontinued Operations - Condensed Consolidated Statements of Operations (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Operating income (loss) from discontinued operations	$ (373)
Valuation provision ("impairment") on assets for sale	(2,300)
Net loss after tax	$ (2,673)

Discontinued Operations - Con79

Discontinued Operations - Condensed Consolidated Statements of Cash Flows (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net increase (decrease) in cash and cash equivalents	$ 802
American Access Technologies, Inc.
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net cash (used in) operating activities	(1,967)
Net cash provided by (used in) investing activities	2,769	[1]
Advances (to) from parent	$ (802)
[1]	Includes sale proceeds of $2.3 million.

Discontinued Operations - Con80

Discontinued Operations - Condensed Consolidated Statements of Cash Flows (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Discontinued Operations And Disposal Groups [Abstract]
Proceeds from other assets	$ 2.3	$ 2.3