Broadwind (BWEN) 10-Q 7 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 04, 2021
Document Information [Line Items]
Entity Registrant Name	BROADWIND, INC.
Entity Central Index Key	0001120370
Trading Symbol	bwen
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		18,488,971
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common stock, $0.001 par value

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash	$ 2,929	$ 3,372
Accounts receivable, net	14,326	15,337
Employee retention credit receivable	3,372
Contract assets	2,522	2,253
Inventories, net	40,276	26,724
Prepaid expenses and other current assets	2,204	2,909
Total current assets	65,629	50,595
LONG-TERM ASSETS:
Property and equipment, net	44,766	45,195
Operating lease right-of-use assets	19,401	19,321
Intangible assets, net	4,003	4,186
Other assets	422	385
TOTAL ASSETS	134,221	119,682
CURRENT LIABILITIES:
Line of credit and other notes payable	5,076	1,406
Current portion of finance lease obligations	1,456	1,427
Current portion of operating lease obligations	1,743	1,832
Accounts payable	25,836	18,180
Accrued liabilities	6,731	6,307
Customer deposits	17,055	18,819
Total current liabilities	57,897	47,971
LONG-TERM LIABILITIES:
Long-term debt, net of current maturities	9,380	9,381
Long-term finance lease obligations, net of current portion	1,891	1,996
Long-term operating lease obligations, net of current portion	19,748	19,569
Other	123	104
Total long-term liabilities	31,142	31,050
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 30,000,000 shares authorized; 18,474,170 and 17,211,498 shares issued as of March 31, 2021, and December 31, 2020, respectively	18	17
Treasury stock, at cost, 273,937 shares as of March 31, 2021 and December 31, 2020	(1,842)	(1,842)
Additional paid-in capital	390,479	384,749
Accumulated deficit	(343,473)	(342,263)
Total stockholders’ equity	45,182	40,661
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 134,221	$ 119,682

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	18,474,170	17,211,498
Treasury stock, common shares (in shares)	273,937	273,937

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues	$ 32,728	$ 48,634
Cost of sales	32,446	42,462
Gross profit	282	6,172
OPERATING EXPENSES:
Selling, general and administrative	4,410	4,309
Intangible amortization	183	183
Total operating expenses	4,593	4,492
Operating (loss) income	(4,311)	1,680
OTHER INCOME (EXPENSE), net:
Interest expense, net	(229)	(673)
Other, net	3,362	(1)
Total other income (expense), net	3,133	(674)
Net (loss) income before provision for income taxes	(1,178)	1,006
Provision for income taxes	32	52
NET (LOSS) INCOME	$ (1,210)	$ 954
NET (LOSS) INCOME PER COMMON SHARE—BASIC:
Net (loss) income (in dollars per share)	$ (0.07)	$ 0.06
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares)	17,178,136	16,596,236
NET (LOSS) INCOME PER COMMON SHARE—DILUTED:
Net (loss) income (in dollars per share)	$ (0.07)	$ 0.06
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares)	17,178,136	16,733,274

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
BALANCE (in shares) at Dec. 31, 2019	16,830,930	(273,937)
BALANCE at Dec. 31, 2019	$ 17	$ (1,842)	$ 383,361	$ (340,776)	$ 40,760
Stock issued for restricted stock (in shares)	83,050
Stock issued for restricted stock
Share-based compensation			308		308
Net (loss) income				954	954
BALANCE (in shares) at Mar. 31, 2020	16,913,980	(273,937)
BALANCE at Mar. 31, 2020	$ 17	$ (1,842)	383,669	(339,822)	42,022
BALANCE (in shares) at Dec. 31, 2020	17,211,498	(273,937)
BALANCE at Dec. 31, 2020	$ 17	$ (1,842)	384,749	(342,263)	40,661
Stock issued for restricted stock (in shares)	241,806
Stock issued for restricted stock
Share-based compensation			219		219
Net (loss) income				(1,210)	(1,210)
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	26,265
Stock issued under defined contribution 401(k) retirement savings plan			258		$ 258
Shares withheld for taxes in connection with issuance of restricted stock (in shares)	(105,399)				(105,399)
Shares withheld for taxes in connection with issuance of restricted stock			(847)		$ (847)
Sale of common stock, net (in shares)	1,100,000
Sale of common stock, net	$ 1		6,100		6,101
BALANCE (in shares) at Mar. 31, 2021	18,474,170	(273,937)
BALANCE at Mar. 31, 2021	$ 18	$ (1,842)	$ 390,479	$ (343,473)	$ 45,182

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (1,210)	$ 954
Adjustments to reconcile net cash used in operating activities:
Depreciation and amortization expense	1,553	1,612
Deferred income taxes	(5)	22
Change in fair value of interest rate swap agreements	5	138
Stock-based compensation	219	308
Allowance for doubtful accounts	(218)	29
Common stock issued under defined contribution 401(k) plan	258
Gain on disposal of assets	(23)
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	1,229	2,037
Employee retention credit receivable	(3,372)
Contract assets	(269)
Inventories	(13,552)	(8,891)
Prepaid expenses and other current assets	699	(476)
Accounts payable	7,591	3,545
Accrued liabilities	419	(657)
Customer deposits	(1,764)	305
Other non-current assets and liabilities	3	49
Net cash used in operating activities	(8,437)	(1,025)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(612)	(670)
Proceeds from disposals of property and equipment	23
Net cash used in investing activities	(589)	(670)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit	5,673	51,552
Payments on line of credit	(2,450)	(49,070)
Proceeds from long-term debt	595
Payments on long-term debt	(150)	(242)
Principal payments on finance leases	(339)	(218)
Shares withheld for taxes in connection with issuance of restricted stock	(847)
Proceeds from sale of common stock, net	6,101
Net cash provided by financing activities	8,583	2,022
NET (DECREASE) INCREASE IN CASH	(443)	327
CASH beginning of the period	3,372	2,416
CASH end of the period	$ 2,929	$ 2,743

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	NOTE 1 The unaudited condensed consolidated financial statements presented herein include the accounts of Broadwind, Inc. (the “Company”) and its wholly-owned subsidiaries Broadwind Heavy Fabrications, Inc. (“Broadwind Heavy Fabrications”), Brad Foote Gear Works, Inc. (“Brad Foote”) and Broadwind Industrial Solutions, LLC (“Broadwind Industrial Solutions”). All intercompany transactions and balances have been eliminated. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10 10 X. not Operating results for the three March 31, 2021 not may twelve December 31, 2021, may 10 December 31, 2020 The December 31, 2020 not 10 December 31, 2020 There have been no three March 31, 2021 10 December 31, 2020 Company Description Through its subsidiaries, the Company is a precision manufacturer of structures, equipment and components for clean technology and other specialized applications. The Company provides technologically advanced high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, primarily in the United States of America (the “U.S.”). The Company's capabilities include, but are not 63% 74% first three 2021 2020, Liquidity The Company meets its short term liquidity needs through cash generated from operations, its available cash balances, the Credit Facility (as defined below), equipment financing, and access to the public or private debt and/or equity markets, including the option to raise capital from the sale of our securities under the Form S- 3 See Note 7, Total debt and finance lease obligations at March 31, 2021 $17,803, $6,532. $4,468 $9,151 may 7, On August 18, 2020, 3, October 13, 2020 ( 3” October 12, 2023. one On March 9, 2021, may $0.001 $10,000. 2.75% March 31, 2021, 1,100,000 $6,436 $182 $335. On March 27, 2020, 2020 2021 December 31, 2021 70% 2021, $10,000 2021 $7,000 first 2021 20% first 2019, 500 2019, not three March 31, 2021, $3,372 March 31, 2021. The Company anticipates that current cash resources (which includes proceeds from the PPP Loans), expected receipts under the ERC, amounts available under the Credit Facility, cash to be generated from operations and any potential proceeds from the sale of further Company securities under the Form S- 3 twelve ​ If assumptions regarding the Company's production, sales and subsequent collections from certain of the Company's large customers, as well as customer deposits and revenues generated from new customer orders, are materially inconsistent with management's expectations, particularly in light of the COVID- 19 may may may no ​ Management's Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reported period. Significant estimates, among others, include revenue recognition, future cash flows, inventory reserves, warranty reserves, impairment of long-lived assets, allowance for doubtful accounts and health insurance reserves. Although these estimates are based upon management's best knowledge of current events and actions that the Company may 19

Note 2 - Revenues

Note 2 - Revenues	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 2 Revenues are recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following table presents the Company's revenues disaggregated by revenue source for the three March 31, 2021 2020 Three Months Ended March 31, 2021 2020 Heavy Fabrications $ 22,777 $ 38,368 Gearing 5,349 6,227 Industrial Solutions 4,604 4,039 Eliminations (2 ) - Consolidated $ 32,728 $ 48,634 Revenue within the Company's Gearing and Industrial Solutions segments, as well as industrial fabrication product line revenues within the Heavy Fabrications segment, are generally recognized at a point in time, typically when the promised goods or services are transferred to its customers in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. A performance obligation is a promise in a contract to transfer a distinct product or service to the customer. The Company measures revenue based on the consideration specified in the purchase order and revenue is recognized when the performance obligations are satisfied. If applicable, the transaction price of a contract is allocated to each distinct performance obligation and recognized as revenue when or as the customer receives the benefit of the performance obligation. For tower sales within the Company's Heavy Fabrications segment, products are sold under terms included in bill and hold sales arrangements that result in different timing for revenue recognition. The Company recognizes revenue under these arrangements only when there is a substantive reason for the agreement, the ordered goods are identified separately as belonging to the customer and not not During the three March 31, 2021, $172 $1,153 no not $269 first not not March 31, 2020. The Company generally expenses sales commissions when incurred. These costs are recorded within selling, general and administrative expenses. Customer deposits, deferred revenue and other receipts are deferred and recognized when the revenue is realized and earned. Cash payments to customers are classified as reductions of revenue in the Company's statement of operations. The Company does not one

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 3 The following table presents a reconciliation of basic and diluted earnings per share for the three March 31, 2021 2020 Three Months Ended March 31, 2021 2020 Basic earnings per share calculation: Net (loss) income $ (1,210 ) $ 954 Weighted average number of common shares outstanding 17,178,136 16,596,236 Basic net (loss) income per share $ (0.07 ) $ 0.06 Diluted earnings per share calculation: Net (loss) income $ (1,210 ) $ 954 Weighted average number of common shares outstanding 17,178,136 16,596,236 Common stock equivalents: Non-vested stock awards (1) — 137,038 Weighted average number of common shares outstanding 17,178,136 16,733,274 Diluted net (loss) income per share $ (0.07 ) $ 0.06 ( 1 Restricted stock units granted and outstanding of 1,171,093 March 31, 2021, three March 31, 2021. ​

Note 4 - Inventories

Note 4 - Inventories	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 4 The components of inventories as of March 31, 2021 December 31, 2020 March 31, December 31, 2021 2020 Raw materials $ 25,406 $ 14,586 Work-in-process 14,272 12,634 Finished goods 2,843 2,704 42,521 29,924 Less: Reserve for excess and obsolete inventory (2,245 ) (3,200 ) Net inventories $ 40,276 $ 26,724

Note 5 - Intangible Assets

Note 5 - Intangible Assets	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	NOTE 5 Intangible assets represent the fair value assigned to definite-lived assets such as trade names and customer relationships as part of the Company's acquisition of Brad Foote completed in 2007 2017. 2 7 As of March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Remaining Remaining Weighted Weighted Accumulated Net Average Accumulated Net Average Cost Accumulated Impairment Book Amortization Accumulated Impairment Book Amortization Basis Amortization Charges Value Period Cost Amortization Charges Value Period Intangible assets: Noncompete agreements $ 170 $ (118 ) $ — $ 52 1.8 $ 170 $ (111 ) $ — $ 59 2.1 Customer relationships 15,979 (7,055 ) (7,592 ) 1,332 4.7 15,979 (6,979 ) (7,592 ) 1,408 4.9 Trade names 9,099 (6,480 ) — 2,619 6.5 9,099 (6,380 ) — 2,719 6.8 Intangible assets $ 25,248 $ (13,653 ) $ (7,592 ) $ 4,003 4.4 $ 25,248 $ (13,470 ) $ (7,592 ) $ 4,186 4.6 ​ As of March 31, 2021 2021 $ 550 2022 725 2023 664 2024 661 2025 661 2026 and thereafter 742 Total $ 4,003

Note 6 - Accrued Liabilities

Note 6 - Accrued Liabilities	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 6 Accrued liabilities as of March 31, 2021 December 31, 2020 March 31, December 31, 2021 2020 Accrued payroll and benefits $ 5,296 $ 5,320 Fair value of interest rate swap 118 148 Accrued property taxes 186 — Income taxes payable 115 78 Accrued professional fees 505 176 Accrued warranty liability 40 33 Self-insured workers compensation reserve 140 74 Accrued other 331 478 Total accrued liabilities $ 6,731 $ 6,307

Note 7 - Debt and Credit Agreem

Note 7 - Debt and Credit Agreements	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7 The Company's outstanding debt balances as of March 31, 2021 December 31, 2020 March 31, December 31, 2021 2020 Line of credit $ 4,468 $ 1,245 PPP Loans 9,151 9,151 Other notes payable 609 163 Long-term debt 228 228 Less: Current portion (5,076 ) (1,406 ) Long-term debt, net of current maturities $ 9,380 $ 9,381 Credit Facility On October 26, 2016, three February 25, 2019, three “2016 $35,000 first On October 29, 2020, 2016 twelve 2.25% 2.75% 0.00% 0.75% July 31, 2023. The Credit Facility is an asset-based revolving credit facility, pursuant to which the CIBC advances funds against a borrowing base consisting of approximately (a) 85% 50% 85% $12.5 75% 50% $12 2016 $35 $10 two three 0.50% The Credit Facility contains customary representations and warranties applicable to the Company and the subsidiaries. It also contains a requirement that the Company, on a consolidated basis, maintain a minimum quarterly fixed charge coverage ratio, along with other customary restrictive covenants, certain of which are subject to materiality thresholds, baskets and customary exceptions and qualifications. The Company was in compliance with all covenants under the Credit Facility as of March 31, 2021. On February 23, 2021, 2016 March 31, 2021 June 30, 2021, March 31, 2021, March 31, 2021 June 30 2021. In conjunction with the 2016 June 2019, $6,000 2.13%, may March 31, 2021 December 31, 2020 As of March 31, 2021 $4,468 $18,640, Other In 2016, $570 March 31, 2021 December 31, 2020 2020, 2019, 2018, $114 March 31, 2021 $228. $609 $163 March 31, 2021 December 31, 2020 $609 $161 March 31, 2021 December 31, 2020 $1 $36 5%. May 2021 August 2022. ​ On April 15, 2020, March 27, 2020 19 $9,530 $379 May 13, 2020. 2020 June 5, 2020 ( may twenty-four 60% two 1.00%, no 10 not, 10 60% first 2021. not not

Note 8 - Leases

Note 8 - Leases	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Lessee Operating and Finance Leases [Text Block]	NOTE 8 The Company leases certain facilities and equipment. On January 1, 2019, 2016 02, 842” 2018 11 842 $19,508 $17,613 842 842 The Company has elected to apply the short-term lease exception to all leases of one three March 31, 2021 March 31, 2020, $907 $4,380, three March 31, 2021 $263. Some of the Company's facility leases include options to renew. The exercise of the renewal options is typically at the Company's discretion. The Company regularly evaluates the renewal options and includes them in the lease term when the Company is reasonably certain to exercise them. Quantitative information regarding the Company's leases is as follows: ​ Three Months Ended March 31, 2021 2020 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 186 $ 129 Interest on finance lease liabilities 68 26 Total finance lease costs 254 155 Operating lease cost components: Operating lease cost 759 765 Short-term lease cost 196 132 Variable lease cost (1) 230 195 Sublease income (46 ) (45 ) Total operating lease costs 1,139 1,047 Total lease cost $ 1,393 $ 1,202 Supplemental cash flow information related to our operating leases is as follows for the three months ended March 31, 2021 and 2020: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 887 888 Weighted-average remaining lease term-finance leases at end of period (in years) 1.9 1.2 Weighted-average remaining lease term-operating leases at end of period (in years) 9.5 10.5 Weighted-average discount rate-finance leases at end of period 9.0 % 9.2 % Weighted-average discount rate-operating leases at end of period 8.5 % 8.8 % ( 1 Variable lease costs consist primarily of taxes, insurance, utilities, and common area or other maintenance costs for the Company's leased facilities and equipment. ​ As of March 31, 2021 ​ Finance Operating Leases Leases Total 2021 $ 1,317 $ 2,668 $ 3,985 2022 1,400 3,474 4,874 2023 732 3,388 4,120 2024 151 2,933 3,084 2025 84 3,015 3,099 2026 and thereafter — 17,103 17,103 Total lease payments 3,684 32,581 36,265 Less—portion representing interest (337 ) (11,090 ) (11,427 ) Present value of lease obligations 3,347 21,491 24,838 Less—current portion of lease obligations (1,456 ) (1,743 ) (3,199 ) Long-term portion of lease obligations $ 1,891 $ 19,748 $ 21,639

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 9 Fair Value of Financial Instruments The carrying amounts of the Company's financial instruments, which include cash, accounts receivable, accounts payable and customer deposits, approximate their respective fair values due to the relatively short-term nature of these instruments. Based upon interest rates currently available to the Company for debt with similar terms, the carrying value of the Company's long-term debt is approximately equal to its fair value. The Company entered into an interest rate swap in June 2019 7, The Company is required to provide disclosure and categorize assets and liabilities measured at fair value into one three 1 3 Level 1 Level 2 not Level 3 The following tables represent the fair values of the Company's financial liabilities as of March 31, 2021 December 31, 2020 March 31, 2021 Level 1 Level 2 Level 3 Total Liabilities measured on a recurring basis: Interest rate swap $ — $ 118 $ — $ 118 Total liabilities at fair value $ — $ 118 $ — $ 118 December 31, 2020 Level 1 Level 2 Level 3 Total Liabilities measured on a recurring basis: Interest rate swap $ — $ 148 $ — $ 148 Total liabilities at fair value $ — $ 148 $ — $ 148

Note 10 - Income Taxes

Note 10 - Income Taxes	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 10 Effective tax rates differ from federal statutory income tax rates primarily due to changes in the Company's valuation allowance, permanent differences and provisions for state and local income taxes. As of March 31, 2021 three March 31, 2021 $32, $52 three March 31, 2020 The Company files income tax returns in U.S. federal and state jurisdictions. As of March 31, 2021 1996 December 31, 2020 $260,598 $227,781 2026. 2028 2037. January 1, 2018 not Since the Company has no not twelve 382 1986, may may 382 382 2010, $14,284 may In February 2013, February 2016 February 2019 ( 382. 2019 three The Rights Plan is intended to act as a deterrent to any person or group, together with its affiliates and associates, becoming the beneficial owner of 4.9% one February 22, 2013. one one $4.25 4.9% 4.9% February 12, 2013 not As of March 31, 2021 no no March 31, 2021

Note 11 - Share-based Compensat

Note 11 - Share-based Compensation	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 11 ​ There was no three March 31, 2021 no March 31, 2021. The following table summarizes the Company's restricted stock unit and performance award activity during the three March 31, 2021 Weighted Average Number of Grant-Date Fair Value Shares Per Share Unvested as of December 31, 2020 1,332,884 $ 1.86 Granted 80,014 $ 2.06 Vested (241,805 ) $ 2.14 Unvested as of March 31, 2021 1,171,093 $ 1.84 Under certain situations, shares are withheld from issuance to cover taxes for the vesting of restricted stock units and performance awards. For the three March 31, 2021, 105,399 $847 The following table summarizes share-based compensation expense included in the Company's condensed consolidated statements of operations for the three March 31, 2021 2020 Three Months Ended March 31, 2021 2020 Share-based compensation expense: Cost of sales $ 26 $ 22 Selling, general and administrative 193 286 Net effect of share-based compensation expense on net income $ 219 $ 308 Reduction in earnings per share: Basic earnings per share $ 0.01 $ 0.02 Diluted earnings per share $ 0.01 $ 0.02

Note 12 - Legal Proceedings

Note 12 - Legal Proceedings	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	NOTE 12 The Company is party to a variety of legal proceedings that arise in the normal course of its business. While the results of these legal proceedings cannot be predicted with certainty, management believes that the final outcome of these proceedings will not no not one

Note 13 - Recent Accounting Pro

Note 13 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE 13 The Company reviews new accounting standards as issued. Although some of the accounting standards issued or effective in the current fiscal year may none

Note 14 - Segment Reporting

Note 14 - Segment Reporting	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 14— The Company is organized into reporting segments based on the nature of the products offered and business activities from which it earns revenues and incurs expenses for which discrete financial information is available and regularly reviewed by the Company's chief operating decision maker. The Company's segments and their product and service offerings are summarized below: Heavy Fabrications The Company provides large, complex and precision fabrications to customers in a broad range of industrial markets. The Company's most significant presence is within the U.S. wind energy industry, although it has diversified into other industrial markets in order to improve capacity utilization, reduce customer concentrations, and reduce exposure to uncertainty related to governmental policies currently impacting the U.S. wind energy industry. Within the U.S. wind energy industry, the Company provides steel towers and adapters primarily to wind turbine manufacturers. Production facilities, located in Manitowoc, Wisconsin and Abilene, Texas, are situated in close proximity to the primary U.S. domestic wind energy and equipment manufacturing hubs. The two 550 1,650 1,100 Gearing The Company provides gearing and gearboxes to a broad set of customers in diverse markets including; onshore and offshore O&G fracking and drilling, surface and underground mining, wind energy, steel, material handling and other infrastructure markets. The Company has manufactured loose gearing, gearboxes and systems, and provided heat treat services for aftermarket and OEM applications for nearly a century. The Company uses an integrated manufacturing process, which includes machining and finishing processes in Cicero, Illinois, and heat treatment in Neville Island, Pennsylvania. Industrial Solutions The Company provides supply chain solutions, inventory management, kitting and assembly services, primarily serving the combined cycle natural gas turbine market. Corporate “Corporate” includes the assets and selling, general and administrative expenses of the Company's corporate office. “Eliminations” comprises adjustments to reconcile segment results to consolidated results. The accounting policies of the reportable segments are the same as those referenced in Note 1, three March 31, 2021 2020 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended March 31, 2021 Revenues from external customers $ 22,777 5,349 4,602 — — $ 32,728 Intersegment revenues — — 2 — (2 ) — Net revenues 22,777 5,349 4,604 — (2 ) 32,728 Operating loss (1,700 ) (989 ) (14 ) (1,608 ) — (4,311 ) Depreciation and amortization 945 458 106 44 — 1,553 Capital expenditures 563 — 20 29 — 612 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended March 31, 2020 Revenues from external customers $ 38,368 6,227 4,039 — — $ 48,634 Operating profit (loss) 3,541 (261 ) 192 (1,792 ) — 1,680 Depreciation and amortization 963 512 104 33 — 1,612 Capital expenditures 381 168 120 1 — 670 Total Assets as of March 31, December 31, Segments: 2021 2020 Heavy Fabrications $ 55,689 $ 40,438 Gearing 43,181 43,319 Industrial Solutions 8,222 10,244 Corporate 227,891 220,428 Eliminations (200,762 ) (194,747 ) $ 134,221 $ 119,682

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 15 Environmental Compliance and Remediation Liabilities The Company's operations and products are subject to a variety of environmental laws and regulations in the jurisdictions in which the Company operates and sells products governing, among other things, air emissions, wastewater discharges, the use, handling and disposal of hazardous materials, soil and groundwater contamination, employee health and safety, and product content, performance and packaging. Certain environmental laws may one may Allowance for Doubtful Accounts Based upon past experience and judgment, the Company establishes an allowance for doubtful accounts with respect to accounts receivable. The Company's standard allowance estimation methodology considers a number of factors that, based on its collections experience, the Company believes will have an impact on its credit risk and the collectability of its accounts receivable. These factors include individual customer circumstances, history with the Company, the length of the time period during which the account receivable has been past due and other relevant criteria. The Company monitors its collections and write-off experience to assess whether or not may may three March 31, 2021 2020 For the Three Months Ended March 31, 2021 2020 Balance at beginning of period $ 473 $ 127 Bad debt expense 5 55 Write-offs (222 ) (19 ) Other adjustments (1 ) (7 ) Balance at end of period $ 255 $ 156 Collateral In select instances, the Company has pledged specific inventory and machinery and equipment assets to serve as collateral on related payable or financing obligations. Liquidated Damages In certain customer contracts, the Company has agreed to pay liquidated damages in the event of qualifying delivery or production delays. These damages are typically limited to a specific percentage of the value of the product in question and/or are dependent on actual losses sustained by the customer. The Company does not no March 31, 2021 December 31, 2020.

Note 2 - Revenues (Tables)

Note 2 - Revenues (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2021 2020 Heavy Fabrications $ 22,777 $ 38,368 Gearing 5,349 6,227 Industrial Solutions 4,604 4,039 Eliminations (2 ) - Consolidated $ 32,728 $ 48,634

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2021 2020 Basic earnings per share calculation: Net (loss) income $ (1,210 ) $ 954 Weighted average number of common shares outstanding 17,178,136 16,596,236 Basic net (loss) income per share $ (0.07 ) $ 0.06 Diluted earnings per share calculation: Net (loss) income $ (1,210 ) $ 954 Weighted average number of common shares outstanding 17,178,136 16,596,236 Common stock equivalents: Non-vested stock awards (1) — 137,038 Weighted average number of common shares outstanding 17,178,136 16,733,274 Diluted net (loss) income per share $ (0.07 ) $ 0.06

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, December 31, 2021 2020 Raw materials $ 25,406 $ 14,586 Work-in-process 14,272 12,634 Finished goods 2,843 2,704 42,521 29,924 Less: Reserve for excess and obsolete inventory (2,245 ) (3,200 ) Net inventories $ 40,276 $ 26,724

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	March 31, 2021 December 31, 2020 Remaining Remaining Weighted Weighted Accumulated Net Average Accumulated Net Average Cost Accumulated Impairment Book Amortization Accumulated Impairment Book Amortization Basis Amortization Charges Value Period Cost Amortization Charges Value Period Intangible assets: Noncompete agreements $ 170 $ (118 ) $ — $ 52 1.8 $ 170 $ (111 ) $ — $ 59 2.1 Customer relationships 15,979 (7,055 ) (7,592 ) 1,332 4.7 15,979 (6,979 ) (7,592 ) 1,408 4.9 Trade names 9,099 (6,480 ) — 2,619 6.5 9,099 (6,380 ) — 2,719 6.8 Intangible assets $ 25,248 $ (13,653 ) $ (7,592 ) $ 4,003 4.4 $ 25,248 $ (13,470 ) $ (7,592 ) $ 4,186 4.6
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	2021 $ 550 2022 725 2023 664 2024 661 2025 661 2026 and thereafter 742 Total $ 4,003

Note 6 - Accrued Liabilities (T

Note 6 - Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, December 31, 2021 2020 Accrued payroll and benefits $ 5,296 $ 5,320 Fair value of interest rate swap 118 148 Accrued property taxes 186 — Income taxes payable 115 78 Accrued professional fees 505 176 Accrued warranty liability 40 33 Self-insured workers compensation reserve 140 74 Accrued other 331 478 Total accrued liabilities $ 6,731 $ 6,307

Note 7 - Debt and Credit Agre_2

Note 7 - Debt and Credit Agreements (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Debt [Table Text Block]	March 31, December 31, 2021 2020 Line of credit $ 4,468 $ 1,245 PPP Loans 9,151 9,151 Other notes payable 609 163 Long-term debt 228 228 Less: Current portion (5,076 ) (1,406 ) Long-term debt, net of current maturities $ 9,380 $ 9,381

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Lease Quantitative Disclosure [Table Text Block]	Three Months Ended March 31, 2021 2020 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 186 $ 129 Interest on finance lease liabilities 68 26 Total finance lease costs 254 155 Operating lease cost components: Operating lease cost 759 765 Short-term lease cost 196 132 Variable lease cost (1) 230 195 Sublease income (46 ) (45 ) Total operating lease costs 1,139 1,047 Total lease cost $ 1,393 $ 1,202 Supplemental cash flow information related to our operating leases is as follows for the three months ended March 31, 2021 and 2020: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 887 888 Weighted-average remaining lease term-finance leases at end of period (in years) 1.9 1.2 Weighted-average remaining lease term-operating leases at end of period (in years) 9.5 10.5 Weighted-average discount rate-finance leases at end of period 9.0 % 9.2 % Weighted-average discount rate-operating leases at end of period 8.5 % 8.8 %
Finance and Operating Lease Liability Maturity [Table Tex tBlock]	Finance Operating Leases Leases Total 2021 $ 1,317 $ 2,668 $ 3,985 2022 1,400 3,474 4,874 2023 732 3,388 4,120 2024 151 2,933 3,084 2025 84 3,015 3,099 2026 and thereafter — 17,103 17,103 Total lease payments 3,684 32,581 36,265 Less—portion representing interest (337 ) (11,090 ) (11,427 ) Present value of lease obligations 3,347 21,491 24,838 Less—current portion of lease obligations (1,456 ) (1,743 ) (3,199 ) Long-term portion of lease obligations $ 1,891 $ 19,748 $ 21,639

Note 9 - Fair Value Measureme_2

Note 9 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2021 Level 1 Level 2 Level 3 Total Liabilities measured on a recurring basis: Interest rate swap $ — $ 118 $ — $ 118 Total liabilities at fair value $ — $ 118 $ — $ 118 December 31, 2020 Level 1 Level 2 Level 3 Total Liabilities measured on a recurring basis: Interest rate swap $ — $ 148 $ — $ 148 Total liabilities at fair value $ — $ 148 $ — $ 148

Note 11 - Share-based Compens_2

Note 11 - Share-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Weighted Average Number of Grant-Date Fair Value Shares Per Share Unvested as of December 31, 2020 1,332,884 $ 1.86 Granted 80,014 $ 2.06 Vested (241,805 ) $ 2.14 Unvested as of March 31, 2021 1,171,093 $ 1.84
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended March 31, 2021 2020 Share-based compensation expense: Cost of sales $ 26 $ 22 Selling, general and administrative 193 286 Net effect of share-based compensation expense on net income $ 219 $ 308 Reduction in earnings per share: Basic earnings per share $ 0.01 $ 0.02 Diluted earnings per share $ 0.01 $ 0.02

Note 14 - Segment Reporting (Ta

Note 14 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended March 31, 2021 Revenues from external customers $ 22,777 5,349 4,602 — — $ 32,728 Intersegment revenues — — 2 — (2 ) — Net revenues 22,777 5,349 4,604 — (2 ) 32,728 Operating loss (1,700 ) (989 ) (14 ) (1,608 ) — (4,311 ) Depreciation and amortization 945 458 106 44 — 1,553 Capital expenditures 563 — 20 29 — 612 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended March 31, 2020 Revenues from external customers $ 38,368 6,227 4,039 — — $ 48,634 Operating profit (loss) 3,541 (261 ) 192 (1,792 ) — 1,680 Depreciation and amortization 963 512 104 33 — 1,612 Capital expenditures 381 168 120 1 — 670 Total Assets as of March 31, December 31, Segments: 2021 2020 Heavy Fabrications $ 55,689 $ 40,438 Gearing 43,181 43,319 Industrial Solutions 8,222 10,244 Corporate 227,891 220,428 Eliminations (200,762 ) (194,747 ) $ 134,221 $ 119,682

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	For the Three Months Ended March 31, 2021 2020 Balance at beginning of period $ 473 $ 127 Bad debt expense 5 55 Write-offs (222 ) (19 ) Other adjustments (1 ) (7 ) Balance at end of period $ 255 $ 156

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Mar. 09, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenue as Percentage of Sales Associated with New Wind Turbine Installations		63.00%	74.00%
Debt and Lease Obligation, Total		$ 17,803
Debt, Current, Total		6,532
Line of Credit, Current		4,468
Long-term Debt, Excluding Current Maturities, Total		$ 9,380		$ 9,381
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001		$ 0.001
Proceeds from Issuance of Common Stock, Net		$ 6,101
Employee Retention Credit Receivable, Current		3,372
Nonoperating Income (Expense) [Member]
Employee Retention Credit Benefit		3,372
The ATM Agreement [Member]
Value of Shares Issuable, Maximum	$ 10,000
Sales Agent Commission Percentage	2.75%
Stock Issued During Period, Shares, New Issues (in shares)	1,100,000
Proceeds from Issuance of Common Stock, Net	$ 6,436
Payments of Stock Issuance Costs	$ 182
Other Stock Issuance Expenses		335
Paycheck Protection Program CARES Act [Member]
Long-term Debt, Excluding Current Maturities, Total		$ 9,151

Note 2 - Revenues (Details Text

Note 2 - Revenues (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue from Contract with Customer, Including Assessed Tax	$ 32,728	$ 48,634
Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax		$ 0
Contract with Customer, Asset, after Allowance for Credit Loss, Total	269
Transferred over Time [Member] | Gearing [Member]
Revenue from Contract with Customer, Including Assessed Tax	172
Transferred over Time [Member] | Heavy Fabrications [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 1,153

Note 2 - Revenues - Disaggregat

Note 2 - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues	$ 32,728	$ 48,634
Consolidation, Eliminations [Member]
Revenues	(2)
Heavy Fabrications [Member] | Operating Segments [Member]
Revenues	22,777	38,368
Gearing [Member] | Operating Segments [Member]
Revenues	5,349	6,227
Industrial Solutions [Member] | Operating Segments [Member]
Revenues	$ 4,604	$ 4,039

Note 3 - Earnings Per Share (De

Note 3 - Earnings Per Share (Details Textual)	3 Months Ended
	Mar. 31, 2021shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	1,171,093

Note 3 - Earnings Per Share - E

Note 3 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Net (loss) income		$ (1,210)	$ 954
Weighted average number of common shares outstanding (in shares)		17,178,136	16,596,236
Basic net (loss) income per share (in dollars per share)		$ (0.07)	$ 0.06
Non-vested stock awards (in shares)	[1]		137,038
Weighted average number of common shares outstanding (in shares)		17,178,136	16,733,274
Diluted net (loss) income per share (in dollars per share)		$ (0.07)	$ 0.06
[1]	Restricted stock units granted and outstanding of 1,171,093 as of March 31, 2021, are excluded from the computation of diluted earnings due to the anti-dilutive effect as a result of the Company's net loss for the three months ended March 31, 2021.

Note 4 - Inventories - Inventor

Note 4 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Raw materials	$ 25,406	$ 14,586
Work-in-process	14,272	12,634
Finished goods	2,843	2,704
Inventory, Gross, Total	42,521	29,924
Less: Reserve for excess and obsolete inventory	(2,245)	(3,200)
Net inventories	$ 40,276	$ 26,724

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	4 years 146 days	4 years 219 days
Minimum [Member]
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	2 years
Maximum [Member]
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	7 years

Note 5 - Intangible Assets - In

Note 5 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Cost Basis	$ 25,248	$ 25,248
Accumulated Amortization	(13,653)	(13,470)
Accumulated Impairment Charges	(7,592)	(7,592)
Intangible assets, net	$ 4,003	$ 4,186
Remaining Average Amortization Period (Year)	4 years 146 days	4 years 219 days
Noncompete Agreements [Member]
Cost Basis	$ 170	$ 170
Accumulated Amortization	(118)	(111)
Accumulated Impairment Charges
Intangible assets, net	$ 52	$ 59
Remaining Average Amortization Period (Year)	1 year 292 days	2 years 36 days
Customer Relationships [Member]
Cost Basis	$ 15,979	$ 15,979
Accumulated Amortization	(7,055)	(6,979)
Accumulated Impairment Charges	(7,592)	(7,592)
Intangible assets, net	$ 1,332	$ 1,408
Remaining Average Amortization Period (Year)	4 years 255 days	4 years 328 days
Trade Names [Member]
Cost Basis	$ 9,099	$ 9,099
Accumulated Amortization	(6,480)	(6,380)
Accumulated Impairment Charges
Intangible assets, net	$ 2,619	$ 2,719
Remaining Average Amortization Period (Year)	6 years 182 days	6 years 292 days

Note 5 - Intangible Assets - Es

Note 5 - Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
2021	$ 550
2022	725
2023	664
2024	661
2025	661
2026 and thereafter	742
Total	$ 4,003	$ 4,186

Note 6 - Accrued Liabilities -

Note 6 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accrued payroll and benefits	$ 5,296	$ 5,320
Fair value of interest rate swap	118	148
Accrued property taxes	186
Income taxes payable	115	78
Accrued professional fees	505	176
Accrued warranty liability	40	33
Self-insured workers compensation reserve	140	74
Accrued other	331	478
Total accrued liabilities	$ 6,731	$ 6,307

Note 7 - Debt and Credit Agre_3

Note 7 - Debt and Credit Agreements (Details Textual) - USD ($) $ in Thousands	Oct. 29, 2020	May 13, 2020	Apr. 15, 2020	Feb. 25, 2019	Oct. 26, 2016	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019	Dec. 31, 2016
Long-term Debt, Total						$ 228		$ 228
Long-term Debt, Current Maturities, Total						5,076		1,406
Proceeds from Issuance of Other Long-term Debt						595
Repayments of Other Long-term Debt						150	$ 242
Development Corporation of Abilene Loan [Member]
Long-term Debt, Total								228				$ 570
Debt Instrument, Decrease, Forgiveness								114	$ 114	$ 114
Notes Payable, Other Payables [Member]
Long-term Debt, Total						609		163
Long-term Debt, Current Maturities, Total						$ 609		161
Debt Instrument, Interest Rate, Stated Percentage						5.00%
Paycheck Protection Program CARES Act [Member]
Long-term Debt, Total						$ 9,151		$ 9,151
Proceeds from Issuance of Other Long-term Debt			$ 9,530
Repayments of Other Long-term Debt		$ 379
Interest Rate Swap [Member]
Derivative Liability, Notional Amount											$ 6,000
Derivative, Fixed Interest Rate											2.13%
Minimum [Member] | Notes Payable, Other Payables [Member]
Debt Instrument, Periodic Payment, Total						1
Maximum [Member] | Notes Payable, Other Payables [Member]
Debt Instrument, Periodic Payment, Total						36
Revolving Credit Facility [Member]
Debt Instrument, Term (Year)					3 years
Long Term Debt Extended Term (Year)				3 years
Line of Credit Facility, Maximum Borrowing Capacity				$ 35,000
Line of Credit Facility Borrowing Restriction Percentage of Receivables				85.00%
Line of Credit Facility Borrowing Restriction Percentage of Inventories				50.00%
Line of Credit Facility Borrowing Restriction Percentage of Orderly Liquidation Value of Inventories				85.00%
Line of Credit Facility Borrowing Minimum Restriction Value				$ 12,500
Line of Credit Facility Borrowing Restriction Percentage of Orderly Liquidation Value of Machinery and Equipment				75.00%
Line of Credit Facility Borrowing Restriction Percentage of Mortgaged Property				50.00%
Line of Credit Facility Borrowing Restriction Value				$ 12,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.50%
Long-term Line of Credit, Total						4,468
Line of Credit Facility, Remaining Borrowing Capacity						$ 18,640
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 10,000
Letter of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Letter of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Letter of Credit [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Letter of Credit [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.75%

Note 7 - Debt and Credit Agre_4

Note 7 - Debt and Credit Agreements - Outstanding Debt Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Long-term Debt, Total	$ 228	$ 228
Less: Current portion	(5,076)	(1,406)
Long-term Debt, Excluding Current Maturities, Total	9,380	9,381
Line of Credit [Member]
Long-term Debt, Total	4,468	1,245
Paycheck Protection Program CARES Act [Member]
Long-term Debt, Total	9,151	9,151
Long-term Debt, Excluding Current Maturities, Total	9,151
Notes Payable, Other Payables [Member]
Long-term Debt, Total	609	163
Less: Current portion	$ (609)	$ (161)

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Jan. 01, 2019
Operating Lease, Liability, Total	$ 21,491			$ 19,508
Operating Lease, Right-of-Use Asset	19,401		$ 19,321	$ 17,613
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	907	$ 4,380
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 263

Note 8 - Leases - Leases Inform

Note 8 - Leases - Leases Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Amortization of finance lease assets		$ 186	$ 129
Interest on finance lease liabilities		68	26
Total finance lease costs		254	155
Operating lease cost		759	765
Short-term lease cost		196	132
Variable lease cost	[1]	230	195
Sublease income		(46)	(45)
Total operating lease costs		1,139	1,047
Total lease cost		1,393	1,202
Operating cash outflow from operating leases		$ 887	$ 888
Weighted-average remaining lease term-finance leases at end of period (in years) (Year)		1 year 328 days	1 year 73 days
Weighted-average remaining lease term-operating leases at end of period (in years) (Year)		9 years 182 days	10 years 182 days
Weighted-average discount rate-finance leases at end of period		9.00%	9.20%
Weighted-average discount rate-operating leases at end of period		8.50%	8.80%
[1]	Variable lease costs consist primarily of taxes, insurance, utilities, and common area or other maintenance costs for the Company's leased facilities and equipment.

Note 8 - Leases - Future Minimu

Note 8 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Jan. 01, 2019
2021, finance leases	$ 1,317
2021, operating leases	2,668
2021, total	3,985
2022, finance leases	1,400
2022, operating leases	3,474
2022, total	4,874
2023, finance leases	732
2023, operating leases	3,388
2023, total	4,120
2024, finance leases	151
2024, operating leases	2,933
2024, total	3,084
2025, finance leases	84
2025, operating leases	3,015
2025, total	3,099
2026 and thereafter, finance leases
2026 and thereafter, operating leases	17,103
2026 and thereafter, total	17,103
Total lease payments, finance leases	3,684
Total lease payments, operating leases	32,581
Total lease payments, total	36,265
Less—portion representing interest, finance leases	(337)
Less—portion representing interest, operating leases	(11,090)
Less—portion representing interest, total	(11,427)
Present value of lease obligations, finance leases	3,347
Present value of lease obligations, operating leases	21,491		$ 19,508
Present value of lease obligations, total	24,838
Less—current portion of lease obligations, finance leases	(1,456)	$ (1,427)
Less—current portion of lease obligations, operating leases	(1,743)	(1,832)
Less—current portion of lease obligations, total	(3,199)
Long-term portion of lease obligations, finance leases	1,891	1,996
Long-term portion of lease obligations, operating leases	19,748	$ 19,569
Long-term portion of lease obligations, total	$ 21,639

Note 9 - Fair Value Measureme_3

Note 9 - Fair Value Measurements - Fair Value of Financial Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Interest rate swap	$ 118	$ 148
Fair Value, Recurring [Member]
Total liabilities at fair value	118	148
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total liabilities at fair value
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total liabilities at fair value	118	148
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total liabilities at fair value
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Interest rate swap	118	148
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member]
Interest rate swap
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Interest rate swap	118	148
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Interest rate swap

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Income Tax Expense (Benefit), Total	$ 32	$ 52
Operating Loss Carryforwards, Total			$ 260,598
Operating Loss Carryforwards, Subject to Expiration			$ 227,781
Operating Loss Carry Forwards Annual Limit	14,284
Unrecognized Tax Benefits, Ending Balance	0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 0
Rights [Member]
Term of Extended Rights Plan (Year)	3 years
Threshold Percentage of Beneficial Ownership for Significant Dilution in Ownership Interest	4.90%
Class of Warrant or Right Number of Rights Per Common Stock Share	1
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)	0.001
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 4.25
Class of Warrant or Right Current Beneficial Ownership Percentage That Will Not Trigger Preferred Share Purchase Rights	4.90%

Note 11 - Share-based Compens_3

Note 11 - Share-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	0
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	105,399
Payment, Tax Withholding, Share-based Payment Arrangement	$ 847

Note 11 - Share-based Compens_4

Note 11 - Share-based Compensation - Restricted Stock Unit and Performance Award Activity (Details)	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Unvested, number of shares (in shares) | shares	1,332,884
Unvested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 1.86
Granted, number of shares (in shares) | shares	80,014
Granted, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.06
Vested, number of shares (in shares) | shares	(241,805)
Vested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.14
Unvested, number of shares (in shares) | shares	1,171,093
Unvested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 1.84

Note 11 - Share-based Compens_5

Note 11 - Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based compensation expense	$ 219	$ 308
Basic earnings per share (in dollars per share)	$ 0.01	$ 0.02
Diluted earnings per share (in dollars per share)	$ 0.01	$ 0.02
Cost of Sales [Member]
Share-based compensation expense	$ 26	$ 22
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	$ 193	$ 286

Note 14 - Segment Reporting (De

Note 14 - Segment Reporting (Details Textual) - Heavy Fabrications [Member]	3 Months Ended
	Mar. 31, 2021
Number of Facilities	2
Number of Tower Sections in Production Capacity of Turbines Total	1,650
Maximum [Member]
Annual Tower Production Capacity	550
Minimum [Member]
Power Generating Capacity of Turbines	1,100

Note 14 - Segment Reporting - S

Note 14 - Segment Reporting - Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenues from external customers	$ 32,728	$ 48,634
Revenue from Contract with Customer, Including Assessed Tax	32,728	48,634
Operating loss	(4,311)	1,680
Depreciation and amortization	1,553	1,612
Capital expenditures	612	670
Total assets	134,221		$ 119,682
Consolidation, Eliminations [Member]
Revenues from external customers
Revenue from Contract with Customer, Including Assessed Tax	(2)
Operating loss
Depreciation and amortization
Capital expenditures
Total assets	(200,762)		(194,747)
Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax
Heavy Fabrications [Member]
Operating loss	(1,700)
Heavy Fabrications [Member] | Operating Segments [Member]
Revenues from external customers	22,777	38,368
Revenue from Contract with Customer, Including Assessed Tax	22,777	38,368
Operating loss		3,541
Depreciation and amortization	945	963
Capital expenditures	563	381
Total assets	55,689		40,438
Heavy Fabrications [Member] | Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax
Gearing [Member]
Operating loss	(989)
Gearing [Member] | Operating Segments [Member]
Revenues from external customers	5,349	6,227
Revenue from Contract with Customer, Including Assessed Tax	5,349	6,227
Operating loss		(261)
Depreciation and amortization	458	512
Capital expenditures		168
Total assets	43,181		43,319
Gearing [Member] | Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax
Industrial Solutions [Member]
Operating loss	(14)
Industrial Solutions [Member] | Operating Segments [Member]
Revenues from external customers	4,602	4,039
Revenue from Contract with Customer, Including Assessed Tax	4,604	4,039
Operating loss		192
Depreciation and amortization	106	104
Capital expenditures	20	120
Total assets	8,222		10,244
Industrial Solutions [Member] | Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	2
Corporate Segment [Member]
Operating loss	(1,608)
Corporate Segment [Member] | Operating Segments [Member]
Revenues from external customers
Revenue from Contract with Customer, Including Assessed Tax
Operating loss		(1,792)
Depreciation and amortization	44	33
Capital expenditures	29	$ 1
Total assets	227,891		$ 220,428
Corporate Segment [Member] | Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax

Note 15 - Commitments and Con_3

Note 15 - Commitments and Contingencies - Allowance of Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Balance at beginning of period	$ 473	$ 127
Bad debt expense	5	55
Write-offs	(222)	(19)
Other adjustments	(1)	(7)
Balance at end of period	$ 255	$ 156