Cyalume Technologies (CYLU) 10-Q 10 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 09, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	Cyalume Technologies Holdings, Inc.
Entity Central Index Key	1,335,293
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	CYLU
Entity Common Stock, Shares Outstanding		21,400,244

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 3,739	$ 1,526
Accounts receivable, net of allowance for doubtful accounts of $12 and $5, respectively	3,535	4,299
Inventories, net	8,053	7,528
Income taxes refundable	111	442
Prepaid expenses and other current assets	1,372	1,388
Total current assets	16,810	15,183
Property, plant and equipment, net	6,779	6,795
Goodwill	7,992	7,992
Other intangible assets, net	5,154	5,691
Total assets	36,735	35,661
Current liabilities:
Line of credit	0	1,000
Current portion of notes payable	837	274
Accounts payable	1,480	947
Accrued expenses	3,650	3,858
Deferred revenue and deferred rent	57	125
Income taxes payable	274	327
Warrants liability	31	54
Total current liabilities	6,329	6,585
Notes payable, net of current portion	13,007	15,207
Deferred income taxes	577	567
Asset retirement obligation	223	214
Other noncurrent liabilities	83	81
Total liabilities	20,219	22,654
Commitments and contingencies (Note 11)
Stockholders' equity:
Series B convertible preferred stock, $0.001 par value; 1,000,000 shares authorized; 1,000 shares issued and outstanding	1,401	1,401
Common stock, $0.001 par value; 150,000,000 shares authorized; 21,400,244 shares issued and outstanding	21	21
Additional paid-in capital	102,175	102,624
Accumulated deficit	(97,133)	(100,315)
Accumulated other comprehensive loss	(900)	(979)
Total stockholders’ equity	5,564	2,752
Total liabilities and stockholders' equity	36,735	35,661
Series C Preferred Stock [Member]
Temporary Equity
Temporary Equity	2,586	2,367
Series D Convertible Preferred Stock [Member]
Temporary Equity
Temporary Equity	2,751	2,751
Series A Convertible Preferred Stock [Member]
Temporary Equity
Temporary Equity	$ 5,615	$ 5,137

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Accounts receivable, allowance for doubtful accounts	$ 12	$ 5
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	21,400,244	21,400,244
Common stock, shares outstanding	21,400,244	21,400,244
Series A Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	123,097	123,097
Preferred stock, shares outstanding	123,097	123,097
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000
Series B convertible preferred stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000
Series D Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	10	10
Preferred stock, shares outstanding	10	10

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues	$ 11,882	$ 10,541	$ 31,734	$ 27,399
Cost of revenues	5,248	5,286	15,449	14,416
Gross profit	6,634	5,255	16,285	12,983
Other expenses (income):
Sales and marketing	751	559	1,929	1,667
General and administrative	2,330	2,049	6,508	5,535
Research and development	378	287	1,105	886
Interest expense, net	700	840	2,175	2,200
Interest expense - related party	0	0	0	100
Amortization of intangible assets	240	238	724	715
Legal settlement	0	0	0	(1,381)
Change in warrant liability fair value	0	(12)	(23)	(7)
Other expenses, net	(7)	(12)	16	(143)
Total other expenses, net	4,392	3,949	12,434	9,572
Income before income taxes	2,242	1,306	3,851	3,411
Provision for income taxes	330	162	669	281
Net income	1,912	1,144	3,182	3,130
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	30	36	79	(232)
Other comprehensive income (loss)	30	36	79	(232)
Comprehensive income	1,942	1,180	3,261	2,898
Net income	1,912	1,144	3,182	3,130
Net income available to common stockholders - basic	1,671	931	2,485	2,514
Series A convertible preferred stock dividends	165	146	478	422
Change in fair value of warrant liability	0	(12)	(23)	(7)
Convertible related party promissory note	0	0	0	45
Net income available to common stockholders - diluted	$ 1,836	$ 1,065	$ 2,940	$ 2,974
Earnings per common share:
Basic (in dollars per share)	$ 0.08	$ 0.04	$ 0.12	$ 0.12
Diluted (in dollars per share)	$ 0.02	$ 0.01	$ 0.03	$ 0.03
Weighted average shares used to compute earnings per common share:
Basic (in shares)	21,400,244	21,400,244	21,400,244	21,400,244
Diluted (in shares)	106,284,130	101,875,913	106,484,818	101,579,116
Series A Convertible Preferred Stock [Member]
Other expenses (income):
Net income			$ 0
Other comprehensive (loss) income, net of tax:
Other comprehensive income (loss)			0
Net income			0
Preferred stock dividends	$ (165)	$ (146)	(478)	$ (422)
Series C Preferred Stock [Member]
Other expenses (income):
Net income			0
Other comprehensive (loss) income, net of tax:
Other comprehensive income (loss)			0
Net income			0
Preferred stock dividends	$ (76)	$ (67)	$ (219)	$ (194)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Changes in Preferred Stock and Stockholders' Equity - 9 months ended Sep. 30, 2016 - USD ($) $ in Thousands	Total	Series A Convertible Preferred Stock [Member]	Series C Preferred Stock [Member]	Series D Convertible Preferred Stock [Member]	Series B Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2015	$ 2,752	$ 5,137	$ 2,367	$ 2,751	$ 1,401	$ 21	$ 102,624	$ (100,315)	$ (979)
Balance (in shares) at Dec. 31, 2015		123,097	1,000	10	1,000	21,400,244
Dividends accrued on Series A and Series C preferred stock	(697)	$ 478	$ 219	$ 0	$ 0	$ 0	(697)	0	0
Share-based compensation	248	0	0	0	0	0	248	0	0
Net income	3,182	0	0	0	0	0	0	3,182	0
Other comprehensive income	79	0	0	0	0	0	0	0	79
Balance at Sep. 30, 2016	$ 5,564	$ 5,615	$ 2,586	$ 2,751	$ 1,401	$ 21	$ 102,175	$ (97,133)	$ (900)
Balance (in shares) at Sep. 30, 2016		123,097	1,000	10	1,000	21,400,244

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 3,182	$ 3,130
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, plant and equipment	661	933
Amortization of intangible assets, debt issuance costs and debt discount	1,464	1,423
Non-cash interest expense	0	414
Share-based compensation expense	248	302
Change in fair value of derivatives	0	(29)
Change in fair value of warrant liability	(23)	(7)
Loss on disposal of property, plant and equipment	30	0
Legal settlement	0	(1,381)
Other non-cash expenses	36	7
Changes in operating assets and liabilities:
Accounts receivable	767	(149)
Inventories	(495)	(207)
Prepaid expenses and other current assets	(240)	(521)
Restricted cash	153	0
Accounts payable and accrued liabilities	307	(278)
Accrued interest on note payable to related party	0	(504)
Deferred revenue and deferred rent	(68)	(1)
Income taxes payable	281	(377)
Net cash provided by operating activities	6,303	2,755
Cash flows from investing activities:
Purchases of long-lived assets	(640)	(778)
Payments for intangibles	(163)	(109)
Net cash used in investing activities	(803)	(887)
Cash flows from financing activities:
(Repayments on) proceeds from TD Bank line of credit, net	0	(2,050)
Principal repayments on CTI long term notes payable	0	(15,880)
Borrowings (repayments) on Monroe line of credit, net	(1,000)	2,000
Borrowings (repayments) on Monroe long term notes payable, net	(2,061)	19,266
Repayment of related party note payable	0	(2,100)
Principal payments on capital lease obligations	0	(7)
Payment in connection with legal settlement agreement	(215)	(1,615)
Payment of debt issuance and deferred financing costs	0	(2,118)
Net cash used in financing activities	(3,276)	(2,504)
Effect of exchange rate changes on cash	(11)	(91)
Net decrease in cash	2,213	(727)
Cash, beginning of period	1,526	2,358
Cash, end of period	$ 3,739	$ 1,631

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	1. ORGANIZATION Cyalume Technologies Holdings, Inc. (the “Company”) was organized as a blank check company under the laws of the State of Delaware on July 19, 2005. At that time, the Company was named Vector Security Intersect Acquisition Corp. On December 19, 2008, the Company acquired Cyalume Technologies, Inc. (“CTI”) and changed the corporate name to the current name. CTI is a Delaware corporation formed on March 27, 1997 with headquarters located in Fort Lauderdale, Florida.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION	2. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to those rules and regulations. The Company believes that the disclosures made are adequate to make the information presented not misleading. All the adjustments which, in the opinion of management, are considered necessary for a fair presentation of the results of operations for the periods shown are of a normal recurring nature and have been reflected in the unaudited condensed consolidated financial statements. Results from operations for the three and nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for any other interim period or for the year ending December 31, 2016. The consolidated balance sheet at December 31, 2015 has been derived from the audited consolidated financial statements at that date. The information included in these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto in our Annual Report on Form 10-K for the year ended December 31, 2015 filed on April 7, 2016. The preparation of financial statements in conformity with 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 revenues and expenses during the period. While the Company believes that such estimates are fair when considered in conjunction with the condensed consolidated financial position and results of operations taken as a whole, the actual amount of such estimates, when known, may vary from these estimates. Reclassification of the Company’s unamortized debt issuance costs have been made to prior period amounts to conform to the current period financial statement presentation.

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 30, 2016
Description Of Business [Abstract]
DESCRIPTION OF BUSINESS	3. DESCRIPTION OF BUSINESS These consolidated financial statements and footnotes include the financial position and operations of Cyalume Technologies Holdings, Inc. (“Cyalume” or the “Company”), a holding company that is the sole shareholder of Cyalume Technologies, Inc. (“CTI”), of Cyalume Specialty Products, Inc. (“CSP”) and of CT SAS Holdings, Inc. (“CT SAS Holdings”). CTI is the sole shareholder of Cyalume Realty, Inc. (“CRI”) and Combat Training Solutions, Inc. (“CTS”). CT SAS Holdings is the sole shareholder of Cyalume Technologies, SAS (“CTSAS”). All significant intercompany accounts and transactions have been eliminated in consolidation. The Company’s primary focus is producing specialty chemicals and related products and sub-contract manufacturing of components for use in the pharmaceutical and medical products markets. The Company sells to the U.S. military and other militaries, and to major pharmaceutical and medical device companies throughout the world. CTI and CTSAS manufacture and sell chemiluminescent products and reflective and photoluminescent materials to military, ammunition, commercial and public safety markets. CTSAS is located in France and represents CTI in certain international markets, primarily Europe and the Middle East. CTI sells to customers in all other geographic markets. CTI’s and CTSAS’s business operations constitute the majority, based on revenues and assets, of the Company’s consolidated business operations. CSP manufactures on a subcontractor basis and sells specialty chemical products to the pharmaceutical, medical products, defense and other markets. CSP’s operations are located in Bound Brook, New Jersey. CRI previously owned land located in Colorado Springs, Colorado. The land was transferred in connection with a 2013 legal settlement and therefore, this subsidiary no longer has any activity. CTS provides its customers with battlefield effects simulation products. The Company’s business is managed and financial results are reported as one segment. The Company’s CEO, who is the Company’s chief operating decision maker, focuses on consolidated results to make strategic and tactical decisions. The Company’s one operating segment consists of three reporting units: Chemical Light (the operations of CTI, CTS and CTSAS), Specialty Products (the operations of CSP) and Other (the operations of CRI and the parent company Cyalume Technologies Holdings, Inc.).

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
INVENTORIES	4. INVENTORIES Inventories consist of the following (all amounts in thousands): September 30, December 31, Raw materials $ 4,813 $ 4,406 Work-in-process 1,943 1,809 Finished goods 1,297 1,313 $ 8,053 $ 7,528

CREDIT LINE AND NOTES PAYABLE

CREDIT LINE AND NOTES PAYABLE	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
CREDIT LINE AND NOTES PAYABLE	5. CREDIT LINE AND NOTES PAYABLE Monroe Refinancing On May 18, 2015, the Company entered into a credit agreement with Monroe Capital Management Advisors, LLC (the “Monroe Credit Agreement”), refinancing its existing senior and subordinated debt (see below). The Monroe Credit Agreement provides for a $ 25.0 5.0 18.0 2.0 The Monroe Credit Agreement has a term of five years and bears 113,000 225,000 June 30, 2016 March 31, 2017 450,000 June 30, 2017 March 31, 2020 11.3 May 18, 2020 Pursuant to the terms of the Monroe Credit Agreement, the Company must maintain: (i) On August 3, 2015, the Company entered into a First Amendment (the “First Amendment”) to the Monroe Credit Agreement. Pursuant to the First Amendment, the Monroe Credit Agreement was amended to, among other things, reduce the aggregate amount of the Delayed Draw Loan under the Monroe Credit Agreement, which loan commitment was for purposes of funding a final payment due under the a legal settlement agreement, from $ 2.0 1.5 1.4 100,000 The Delayed Draw Loan, which was drawn on August 3, 2015, provides for In connection with the execution of the Monroe Credit Agreement, the Company issued 10 2.8 0.4 2.4 The proceeds from the Monroe Credit Agreement were allocated to the various instruments issued based on their relative fair value. Line of Credit The Monroe Line of Credit has a maximum borrowing capacity of $ 5.0 one-month LIBOR plus 9% May 18, 2020 10 4.8 CTSAS has lines of credit, for borrowing against receivables, with a combined maximum borrowing capacity of € 750,000 841,000 Notes Payable September 30, December 31, Monroe Term A Loan $ 15,190 $ 17,138 Delayed Draw Loan 1,368 1,481 Promissory Note Payable 430 645 Total 16,988 19,264 Less: Unamortized debt discount and unamortized debt issuance costs (3,144) (3,783) Less: Current portion of notes payable, including current portion of unamortized debt discount and current portion of unamortized debt issuance costs (837) (274) Notes payable, net of current portion $ 13,007 $ 15,207 Debt issuance costs are amortized to interest expense using the effective interest method over the life of the loan. The effective interest rate on the Term A loan is approximately 17 20 Term Loans In addition to the previous line of credit with TD Bank, CTI previously had two loans payable to TD Bank, a Term Loan and a Real Estate Loan (together, the “Senior Debt”), that were originally entered into on December 19, 2008, and which were amended twice during 2012 to modify certain financial and non-financial covenants required by these loans. The Fourth Amendment to the Amended and Restated Revolving Credit and Term Loan Agreement (the “Senior Amendment”) was entered into on November 19, 2013. On July 29, 2010, a subordinated term loan of $ 8.5 June 30, 2016 11 2,666,667 3.19 160,000 1.50 8.5 0.01 455,514 June 30, 2016 455,514 31,000 September 30, 2016 The Company’s Senior Debt and Subordinated Term Loan were refinanced on May 18, 2015. Upon the consummation of the Monroe Credit Agreement, the Company paid in full all amounts due under (i) the Amended and Restated Revolving Credit and Term Loan Agreement, dated July 29, 2010, as amended (the “Senior Credit Agreement”), by and among the Company, CTI, certain of the Company’s other subsidiaries and TD Bank, as administrative agent and lender, (ii) the Subordinated Term Loan, dated July 29, 2010, as amended (the “Subordinated Loan Agreement”), by and among the Company, CTI, certain of the Company’s other subsidiaries, Granite Creek Flexcap I, L.P., Patriot Capital II, L.P. and Granite Creek Partners Agent, L.L.C., as administrative agent, and (iii) the amended and restated promissory note, dated November 19, 2013, as amended, previously issued by the Company to JFC Technologies, LLC (the “Amended JFC Note”) (see Note 9), such that each of the Senior Credit Agreement, the Subordinated Loan Agreement and the Amended JFC Note was paid in full and the Company has no further financial obligations thereunder. At the time of the refinancing, the Company expensed the remaining unamortized issuance costs relating to the previous Senior Debt and Subordinated Term Loan. Promissory Note Payable On November 19, 2013, the Company entered into a legal settlement agreement. The executed settlement agreement provided for the Company to make a series of payments to Antonio Colon in the amount of $ 215,000 1,075,000 2

PREFERRED STOCK

PREFERRED STOCK	9 Months Ended
	Sep. 30, 2016
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
PREFERRED STOCK	6. PREFERRED STOCK Series A Convertible Preferred Stock The Company is authorized to issue 1,000,000 On November 19, 2013, the Company entered into a Securities Purchase Agreement (the “Series A Purchase Agreement”) with US VC Partners, L.P. (the “Series A Investor”) for the purchase by the Series A Investor of 123,077 4.0 32.50 0.001 Each share of Series A Preferred Stock may be converted at any time at the option of the holder into a number of shares of common stock initially equal to 50 0.65 0.13664587 Upon voluntary or involuntary liquidation, dissolution or winding up of the Company, each holder of Series A Preferred Stock is entitled to a liquidation preference of $ 32.50 Dividends on the Series A Preferred Stock accrue (payable in cash or in kind), whether or not declared by the Board and whether or not funds are available for the payment of dividends, at a rate of 12 Each share of Series A Preferred Stock will be entitled to a number of votes equal to the number of shares of common stock into which such share is convertible and shall be entitled to vote with holders of outstanding shares of common stock, voting together as a single class, with respect to any and all matters presented to the stockholders of the Company for their action or consideration. The requisite holders of the Series A Preferred Stock will have the right to cause the Company to redeem, out of funds legally available, all but not less than all of the then outstanding shares of Series A Preferred Stock, for a price per share equal to the Series A Liquidation Value of such shares, from and after the fifth anniversary of the closing date of the Series A Purchase Agreement. Additionally, the Company will have the right to redeem all of the outstanding shares of Series A Preferred Stock from and after the eighth anniversary of the closing date of the Series A Purchase Agreement at a redemption price equal to the Series A Liquidation Value. As a result of the redemption provisions, the Series A Preferred Stock has been classified outside of permanent equity. Series B Convertible Preferred Stock On July 30, 2014, the Company entered into a Securities Purchase Agreement (the “Series B and C Purchase Agreement”) with Cova Small Cap Holdings, LLC (“Cova”), Bayonet Capital Fund I, LLC (see Note 9), and another investor (each, an “Investor”) for the purchase by the Investors of an aggregate of 1,000 2.0 0.001 0.001 1.3 The shares of Series B Preferred Stock have the rights and preferences set forth in the Certificate of Designation of Series B Convertible Preferred Stock, which was amended on May 15, 2015 (the “Amended Series B Certificate of Designation”). Pursuant to the Amended Series B Certificate of Designation, each share of Series B Preferred Stock ranks senior to the Company’s common stock (the “Common Stock”) and the Company’s Series A Preferred Stock with respect to payment of dividends and distribution of assets upon liquidation, dissolution or winding up of the Company. Upon the Company’s liquidation, sale to or merger with another corporation or other “Change of Control” (as such term is defined in the Amended Series B Certificate of Designation), each share of Series B Preferred Stock would be entitled to a liquidation preference in an amount equal to the amount per share that would have been payable had all shares of Series B Preferred Stock been converted into Common Stock immediately prior to such event in accordance with the terms of the Amended Series B Certificate of Designation, excluding for purposes of such calculation the liquidation preference payable to the holders of Series A Preferred Stock. Holders of the Series B Preferred Stock are entitled to convert at any time all or any portion of the shares of Series B Preferred Stock into a number of shares of Common Stock initially equal to 35,713.147 shares of Common Stock per share of Series B Preferred Stock (the “Conversion Number”). The Conversion Number is subject to customary adjustments, including for dividends, stock splits and other reorganizations affecting the Common Stock. In addition, the Conversion Number is subject to anti-dilution protections, subject to certain exceptions, if the Company issues or sells shares of Common Stock or other equity securities for no consideration or for consideration that is based on an equity valuation of the Company of less than $2.0 million in the aggregate (a “Trigger Issuance”). In the event of a Trigger Issuance, the Conversion Number shall be increased as of the close of business on the effective date of the Trigger Issuance to a number calculated as follows: (i) two-thirds of the Common Stock deemed Outstanding (as defined in the Amended Series A Certificate of Designation) immediately following such Trigger Issuance (excluding any Common Stock Deemed Outstanding as a result of the conversion of the Series B Preferred Stock) (ii) divided by 1,000. Each share of Series B Preferred Stock will automatically convert into shares of Common Stock on the tenth anniversary of its original issuance date, at the then-current Conversion Number. Series C Preferred Stock The shares of Series C Preferred Stock have the rights and preferences set forth in the Certificate of Designation of Series C Preferred Stock, which was amended on May 15, 2015 (the “Amended Series C Certificate of Designation”). Pursuant to the Amended Series C Certificate of Designation, each share of Series C Preferred Stock ranks senior to the Common Stock, the Series A Preferred Stock, the Series B Preferred Stock and the Series D Preferred Stock with respect to payment of dividends and distribution of assets upon liquidation, dissolution or winding up of the Company. Upon the Company’s liquidation, sale to or merger with another corporation or other “Change of Control” (as such term is defined in the Amended Series C Certificate of Designation), each share of Series C Preferred Stock would be entitled to a liquidation preference equal to the sum of: (1) $3,000 per share (the “Base Liquidation Value”) and the (2) the amount, if any, by which the Base Value exceeds 150% of the purchase price (the “Excess Liquidation Value), plus any accrued but unpaid dividends, in each case subject to customary adjustments as set forth in the Amended Series C Certificate of Designation. 12 2,000 75 The proceeds allocated to the Series C Preferred Stock fair on the issuance date were estimated at approximately $ 0.6 1.4 Series D Convertible Preferred Stock In connection with the execution of the Monroe Credit Agreement, the Company entered into a Subscription Agreement (the “Subscription Agreement”) with Monroe Capital Corporation, Monroe Capital Senior Secured Direct Loan Fund LP, Monroe Capital Senior Secured Direct Loan Fund (Unleveraged) LP and Monroe Capital Partners Fund II, LP. Pursuant to the Subscription Agreement, the Company issued 10 of Series D Convertible Preferred Stock. Each share of Series D Convertible Preferred Stock may be converted at any time at the option of the holder into a number of shares of common stock initially equal to 752,807.8 shares of common stock. The Series D Convertible Preferred Stock has a mandatory conversion date on the tenth anniversary of the issuance date. The Series D Convertible Preferred Stock will automatically, without any action on the part of the holder thereof, be converted into that number of fully paid and nonassessable shares of the Company’s common stock equal to the conversion number at the time in effect. The Series D Convertible Preferred Stock ranks senior to the Company’s Series A Preferred Stock and the Company’s Series B Preferred Stock. The Company’s Series C Preferred Stock ranks senior to the Series D Convertible Preferred Stock. The shares of Series D Preferred Stock have the rights and preferences set forth in the Certificate of Designation of Series D Convertible Preferred Stock (the “Series D Certificate of Designation”). In the event of any voluntary or involuntary liquidation, the holders of the Series D Convertible Preferred Stock shall be entitled to be paid out of the assets of the Corporation available for distribution to its stockholders before any payment shall be made to the holders of junior securities. The Series C Preferred Stockholders would receive the Base Liquidation Value first, and not be entitled to the Excess Liquidation Value (as defined in the Amended Certificate of Designation of the Series C Preferred Stock) until the holders of the Series D Convertible Preferred Stock receive a pro rata Liquidation Value amount in cash. If at any time the Company redeems the outstanding shares of Series A Preferred Stock or Series C Preferred Stock, the holders of the Series D Preferred Stock would have the right to elect to cause the Company to redeem, out of funds legally available therefore, all but not less than all of the then outstanding shares of Series D Preferred Stock, for a price per share equal to the Liquidation Value for such shares; provided that, prior to the Company paying the full redemption price for all outstanding shares of Series D Preferred Stock, the Company would not be permitted to pay (i) any amounts in excess of the Series C Base Liquidation Value upon the redemption of shares of Series C Preferred Stock or (ii) any amounts upon the redemption of shares of Series A Preferred Stock. In the event of a voluntary or involuntary liquidation, each share of Series D Preferred Stock would be entitled to a liquidation preference in an amount equal to the amount per share that would have been payable had all shares of Series D Preferred Stock been converted into Common Stock immediately prior to such event in accordance with the terms of the Series D Certificate of Designation, excluding for purposes of such calculation the liquidation preference payable to the holders of Series A Preferred Stock and the holders of Series B Preferred Stock. The Series D Preferred Stock does not have any voting rights, except that the written consent of the holders of a majority of the then-outstanding Series D Preferred Stock shall be required for the Company to take certain actions, including the amendment of its certificate of incorporation or bylaws in a manner that adversely affects the relative rights, preferences, privileges or powers of holders of Series D Preferred Stock. As a result of the redemption provisions, the Series D Convertible Preferred Stock has been classified outside of permanent equity.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	7. STOCKHOLDERS’ EQUITY Common Stock The Company is authorized to issue 150,000,000 Common Stock Purchase Warrants Common stock purchase warrants accounted for within equity are recorded at their initial fair value and reported in stockholders’ equity as increases to additional paid-in capital. Warrants reported as equity, rather than liabilities (i) may not be net-cash settled, (ii) have contractual limits on the number of shares to be delivered in a net-share settlement and (iii) are supported by sufficient unissued common shares available to settle the outstanding warrants. Subsequent changes in fair value from the warrants’ initial fair value are not recognized as long as the warrants continue to merit classification as equity. As of September 30, 2016 and December 31, 2015, warrants to purchase 455,514 see Note 12 Pursuant to the terms of a letter agreement previously entered into between the Company and Dragonfly Capital Partners, LLC (“Dragonfly”) under which Dragonfly provided advisory services to the Company in connection with the Company’s debt financing, the Company paid $ 820,000 1,003,744 0.05 Warrant Holder Number of Number of Exercise Expiration Granite Creek FlexCap I, L.P. (“Granite”) 267,950 267,950 $ 0.01 November 19, 2023 Patriot Capital II, L.P. (“Patriot”) 187,564 187,564 $ 0.01 November 19, 2023 Dragonfly Capital Partners, LLC (“Dragonfly”) 1,003,744 1,003,744 $ 0.05 May 18, 2020 Granite and Stock price of underlying equity $ 0.07 Exercise price $ 0.01 Expected term (years) 7.1 Risk-free interest rate 1.5 % Estimated dividend yield None Volatility 172.7 % Granite and Warrant liability at December 31, 2015 $ 54 Change in fair value of warrants (23) Warrant liability at September 30, 2016 $ 31

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	8. INCOME TAXES During the three and nine months ended September 30, 2016, the Company incurred tax expense of approximately $ 71,000 165,000 132,000 211,000 $ 12.2

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	9. RELATED PARTY TRANSACTIONS Financing Arrangements with Related Parties In December 2012, the Company entered into a $ 2,100,000 12 2.1 0.5 1.0 32.50 650 20 CSP leases property in Bound Brook, New Jersey, from Brook Industrial Park, LLC. This lease requires monthly lease payments of approximately $ 30,000 August 31, 2016 Bayonet Capital Fund I, LLC, Brook Industrial Park, LLC and JFC are controlled by James Schleck. On July 30, 2014, 100

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
NET INCOME PER COMMON SHARE	10. NET INCOME PER COMMON SHARE Basic income per common share is computed by dividing net income available to common stockholders by the basic weighted average number of common shares outstanding. Diluted income per common share is computed by dividing net income available to common stockholders by the weighted average number of common shares and dilutive potential common share equivalents then outstanding. Potential common share equivalents consist of (i) shares issuable upon the exercise of warrants and options (using the “treasury stock” method), (ii) unvested restricted stock awards (using the “treasury stock” method) and (iii) shares issuable upon conversion of convertible notes and convertible preferred stock using the “if-converted” method. Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Numerator (in thousands): Net income $ 1,912 $ 1,144 $ 3,182 $ 3,130 Less: Series A convertible preferred stock dividends (165) (146) (478) (422) Less: Series C preferred stock dividends (76) (67) (219) (194) Income available to common stockholders - basic $ 1,671 $ 931 $ 2,485 $ 2,514 Effect of dilutive securities: Less: Change in fair value of warrant liability for dilutive warrants (income) expense 0 (12) (23) (7) Add: Convertible related party promissory note 0 0 0 45 Add: Series A convertible preferred stock dividends 165 146 478 422 Income available to common stockholders - diluted $ 1,836 $ 1,065 $ 2,940 $ 2,974 Denominator: Weighted average shares outstanding - basic 21,400,244 21,400,244 21,400,244 21,400,244 Weighted average effect of dilutive common equivalent shares: Warrants 553,959 744,256 753,026 581,133 Assumed conversion of Series B convertible preferred stock 35,713,147 35,713,147 35,713,147 35,713,147 Assumed conversion of Series D convertible preferred stock 7,528,078 7,528,078 7,528,078 3,695,101 Convertible related party promissory note 0 0 0 3,699,303 Assumed conversion of Series A convertible preferred stock 41,088,702 36,490,188 41,088,702 36,490,188 Options 0 0 1,621 0 Weighted average common shares outstanding - diluted 106,284,130 101,875,913 106,484,818 101,579,116 Earnings per common share: Basic $ 0.08 $ 0.04 $ 0.12 $ 0.12 Diluted $ 0.02 $ 0.01 $ 0.03 $ 0.03 Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Options 10,500,573 10,505,322 10,450,573 10,505,322

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES Legal From time to time and in the ordinary course of business, the Company may be subject to various claims, charges, and litigation. At September 30, 2016 and December 31, 2015, the Company did not have any pending claims, charges or litigation that it expects would have a material adverse effect on its consolidated financial position, results of operations, or cash flows.

FAIR VALUES OF ASSETS AND LIABI

FAIR VALUES OF ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUES OF ASSETS AND LIABILITIES	12. FAIR VALUES OF ASSETS AND LIABILITIES Under U.S. GAAP, the Company is required to record certain financial assets and liabilities at fair value and may choose to record other financial assets and financial liabilities at fair value as well. Also under U.S. GAAP, the Company is required to record nonfinancial assets and liabilities at fair value due to events that may or may not recur in the future, such as an impairment event. When required to record such assets and liabilities at fair value, that fair value is estimated using an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. That fair value is determined based on significant inputs contained in a fair value hierarchy as follows: Level 1 Quoted prices for identical assets or liabilities in active markets to which the Company has access at the measurement date. Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 Unobservable inputs for the asset or liability. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. There are three general valuation techniques that may be used to measure fair value, as described below: Market Approach Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. Prices may be indicated by pricing guides, sale transactions, market trades, or other sources. Cost Approach Based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Income Approach Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about the future amounts (includes present value techniques and option-pricing models). Net present value is an income approach where a stream of expected cash flows is discounted at an appropriate market interest rate. Assets and Liabilities Measured at Fair Value on a Recurring Basis Level 1 Level 2 Level 3 Assets/ Warrants (see Note 7) (1) 0 0 (31) (31) $ 0 $ 0 $ (31) $ (31) (1) The Company has classified its warrant liability which could be potentially settled in cash within Level 3 because the fair values are determined using significant unobservable inputs into the Black-Scholes pricing model. The table below presents a reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (all amounts in thousands): September 30, December 31, Warrants liability: Balance at the beginning of period $ 54 $ 25 Change in fair value of warrants (23) 29 Balance at the end of period $ 31 $ 54 The Company has other financial instruments, such as cash, accounts receivable, due from related party, accounts payable, notes payable and a line of credit. The Company believes the carrying amounts of those assets and liabilities approximate their fair value since those carrying amounts have been estimated to approximate the exit price which would be received to sell these assets or pay to transfer these liabilities to a market participant. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis During the three and nine months ended September 30, 2016, none of the Company’s assets or liabilities were remeasured at fair value on a nonrecurring basis and no assets were identified as impaired as of September 30, 2016.

SUPPLEMENTAL DISCLOSURE OF CASH

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	13. SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Nine Months Ended September 30 2016 2015 Interest $ 1,441 $ 1,019 Income taxes 388 655 Nine Months Ended September 30, 2016 2015 Series A Convertible Preferred stock accrued dividend $ 478 $ 422 Series C Preferred stock accrued dividend 219 194 Issuance of Series D Convertible Preferred stock in connection with debt refinancing 0 2,751 Relative fair value of warrant issued in connection with debt refinancing 0 42

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	14. SUBSEQUENT EVENTS Pursuant to the terms of the Monroe Credit Agreement, the Company expects to make an excess cash payment of approximately $ 1.0

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	15. NEW ACCOUNTING PRONOUNCEMENTS The following are recent accounting pronouncements that have affected the Company’s consolidated financial statements or may affect the Company’s consolidated financial statements in the future. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, Compensation- Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
INVENTORIES	Inventories consist of the following (all amounts in thousands): September 30, December 31, Raw materials $ 4,813 $ 4,406 Work-in-process 1,943 1,809 Finished goods 1,297 1,313 $ 8,053 $ 7,528

CREDIT LINE AND NOTES PAYABLE (

CREDIT LINE AND NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of Debt	Outstanding notes payable consist of (all amounts in thousands): September 30, December 31, Monroe Term A Loan $ 15,190 $ 17,138 Delayed Draw Loan 1,368 1,481 Promissory Note Payable 430 645 Total 16,988 19,264 Less: Unamortized debt discount and unamortized debt issuance costs (3,144) (3,783) Less: Current portion of notes payable, including current portion of unamortized debt discount and current portion of unamortized debt issuance costs (837) (274) Notes payable, net of current portion $ 13,007 $ 15,207

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stockholders Equity Note, Warrants or Rights	Warrants to purchase the Company’s common stock were outstanding as follows as of September 30, 2016: Warrant Holder Number of Number of Exercise Expiration Granite Creek FlexCap I, L.P. (“Granite”) 267,950 267,950 $ 0.01 November 19, 2023 Patriot Capital II, L.P. (“Patriot”) 187,564 187,564 $ 0.01 November 19, 2023 Dragonfly Capital Partners, LLC (“Dragonfly”) 1,003,744 1,003,744 $ 0.05 May 18, 2020
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair value as of September 30, 2016 of the Granite and Patriot Warrants is estimated using the Black-Scholes pricing model with the following inputs: Granite and Stock price of underlying equity $ 0.07 Exercise price $ 0.01 Expected term (years) 7.1 Risk-free interest rate 1.5 % Estimated dividend yield None Volatility 172.7 %
Schedule Of Change In The Fair Value Of The Warrants Liability	The change in the fair value of the warrants liability during the nine months ended September 30, 2016 is as follows (amounts in thousands): Granite and Warrant liability at December 31, 2015 $ 54 Change in fair value of warrants (23) Warrant liability at September 30, 2016 $ 31

NET INCOME PER COMMON SHARE (Ta

NET INCOME PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Net Income Per Common Share	Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Numerator (in thousands): Net income $ 1,912 $ 1,144 $ 3,182 $ 3,130 Less: Series A convertible preferred stock dividends (165) (146) (478) (422) Less: Series C preferred stock dividends (76) (67) (219) (194) Income available to common stockholders - basic $ 1,671 $ 931 $ 2,485 $ 2,514 Effect of dilutive securities: Less: Change in fair value of warrant liability for dilutive warrants (income) expense 0 (12) (23) (7) Add: Convertible related party promissory note 0 0 0 45 Add: Series A convertible preferred stock dividends 165 146 478 422 Income available to common stockholders - diluted $ 1,836 $ 1,065 $ 2,940 $ 2,974 Denominator: Weighted average shares outstanding - basic 21,400,244 21,400,244 21,400,244 21,400,244 Weighted average effect of dilutive common equivalent shares: Warrants 553,959 744,256 753,026 581,133 Assumed conversion of Series B convertible preferred stock 35,713,147 35,713,147 35,713,147 35,713,147 Assumed conversion of Series D convertible preferred stock 7,528,078 7,528,078 7,528,078 3,695,101 Convertible related party promissory note 0 0 0 3,699,303 Assumed conversion of Series A convertible preferred stock 41,088,702 36,490,188 41,088,702 36,490,188 Options 0 0 1,621 0 Weighted average common shares outstanding - diluted 106,284,130 101,875,913 106,484,818 101,579,116 Earnings per common share: Basic $ 0.08 $ 0.04 $ 0.12 $ 0.12 Diluted $ 0.02 $ 0.01 $ 0.03 $ 0.03
Common Shares Issuable upon Vesting or Exercise of Convertible Securities	The following potentially dilutive common share equivalents were excluded from the calculation of diluted earnings per common share because their effect was antidilutive for each of the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Options 10,500,573 10,505,322 10,450,573 10,505,322

FAIR VALUES OF ASSETS AND LIA26

FAIR VALUES OF ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities itemized below were measured at fair value on a recurring basis at September 30, 2016 (all amounts in thousands): Level 1 Level 2 Level 3 Assets/ Warrants (see Note 7) (1) 0 0 (31) (31) $ 0 $ 0 $ (31) $ (31) (1) The Company has classified its warrant liability which could be potentially settled in cash within Level 3 because the fair values are determined using significant unobservable inputs into the Black-Scholes pricing model.
Reconciliation of Contingent Consideration Liability Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs	The table below presents a reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (all amounts in thousands): September 30, December 31, Warrants liability: Balance at the beginning of period $ 54 $ 25 Change in fair value of warrants (23) 29 Balance at the end of period $ 31 $ 54

SUPPLEMENTAL DISCLOSURE OF CA27

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Cash Paid for Interest and Income Taxes	Cash Paid for Interest and Income Taxes Nine Months Ended September 30 2016 2015 Interest $ 1,441 $ 1,019 Income taxes 388 655
Non-Cash Investing and Financing Activities	Non-Cash Investing and Financing Activities Nine Months Ended September 30, 2016 2015 Series A Convertible Preferred stock accrued dividend $ 478 $ 422 Series C Preferred stock accrued dividend 219 194 Issuance of Series D Convertible Preferred stock in connection with debt refinancing 0 2,751 Relative fair value of warrant issued in connection with debt refinancing 0 42

INVENTORIES (Schedule Of Invent

INVENTORIES (Schedule Of Inventories) (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Inventory [Line Items]
Raw materials	$ 4,813	$ 4,406
Work-in-process	1,943	1,809
Finished goods	1,297	1,313
Inventory, Net	$ 8,053	$ 7,528

CREDIT LINE AND NOTES PAYABLE29

CREDIT LINE AND NOTES PAYABLE (Outstanding Notes Payable) (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Promissory Note Payable	$ 430	$ 645
Total	16,988	19,264
Less: Unamortized debt discount and unamortized debt issuance costs	(3,144)	(3,783)
Less: Current portion of notes payable, including current portion of unamortized debt discount and current portion of unamortized debt issuance costs	(837)	(274)
Notes payable, net of current portion	13,007	15,207
Monroe Term A Loan [Member]
Bank Loans	15,190	17,138
Delayed Draw Loan [Member]
Bank Loans	$ 1,368	$ 1,481

CREDIT LINE AND NOTES PAYABLE30

CREDIT LINE AND NOTES PAYABLE (Additional Information) (Detail)	Aug. 03, 2015USD ($)	May 18, 2015USD ($)shares	Dec. 31, 2013$ / sharesshares	Nov. 19, 2013USD ($)	Jul. 29, 2010USD ($)$ / sharesshares	Sep. 30, 2016USD ($)shares	Sep. 30, 2016EUR (€)shares	Dec. 31, 2015shares	Dec. 31, 2010$ / sharesshares
Notes Payable [Line Items]
Proceeds from Issuance of Debt						$ 8,500,000
Line of Credit Facility, Maximum Borrowing Capacity						841,000	€ 750,000
Term A Loan And Delayed Draw Loan [Member]
Notes Payable [Line Items]
Debt Instrument, Unamortized Discount						$ 2,400,000
Delayed Draw Loan [Member]
Notes Payable [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						20.00%	20.00%
Series D Convertible Preferred Stock [Member]
Notes Payable [Line Items]
Preferred Stock Shares Issued | shares						10	10	10
Long-term Debt, Fair Value						$ 2,800,000
Debt Instrument, Unamortized Discount						$ 400,000
Conversion of Stock, Shares Converted | shares						752,807.8
Secured Debt [Member]
Notes Payable [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares						455,514	455,514
Monroe Credit Agreement [Member]
Notes Payable [Line Items]
Debt Instrument, Maturity Date		Jun. 30, 2017
Debt Instrument, Periodic Payment	$ 1,400,000	$ 11,300,000
Debt Instrument, Face Amount		$ 25,000,000
Line of Credit Facility, Interest Rate Description		interest at a rate of the one-month LIBOR plus 9%
Debt Instrument, Term		5 years
Line of Credit Facility, Covenant Terms						a fixed charge coverage ratio of 1.25 to 1.00; (ii) a senior debt to EBITDA ratio initially of 4.50 to 1.00, decreasing to 1.50 to 1.00 over the term of the loans; and (iii) a twelve month trailing EBITDA, measured quarterly, with the amounts ranging from $4,750,000, increasing up to $7.0 million over the term of the loans
Line of Credit Facility, Frequency of Payment and Payment Terms						quarterly amortization payments on the last day of each calendar quarter in an aggregate principal amount equal to 0.625% of the original principal amount of the Delayed Draw Loan, increasing to 1.25% on March 31, 2016, and increasing to 2.5% on March 31, 2017, with the balance payable on the maturity date of May 18, 2020
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	1,500,000
Debt Related Commitment Fees and Debt Issuance Costs	100,000
Debt Instrument, Annual Principal Payment	$ 2,000,000
Monroe Credit Agreement [Member] | Term A Loan And Delayed Draw Loan [Member]
Notes Payable [Line Items]
Debt Instrument, Maturity Date		May 18, 2020
Monroe Credit Agreement [Member] | Series D Preferred Stock [Member]
Notes Payable [Line Items]
Preferred Stock Shares Issued | shares		10
Monroe Credit Agreement [Member] | Quarterly Repayments Beginning on June 30, 2015 through March 31, 2016 [Member]
Notes Payable [Line Items]
Debt Instrument, Periodic Payment		$ 113,000
Monroe Credit Agreement [Member] | Quarterly Repayments Beginning On June 30, 2016 Through March 31, 2017 [Member]
Notes Payable [Line Items]
Debt Instrument, Periodic Payment		225,000
Monroe Credit Agreement [Member] | Quarterly Repayments Of Beginning on June 30, 2017 through March 31, 2020 [Member]
Notes Payable [Line Items]
Debt Instrument, Periodic Payment		450,000
Monroe Credit Agreement [Member] | Revolving Credit Facility [Member]
Notes Payable [Line Items]
Debt Instrument, Face Amount		5,000,000
Monroe Credit Agreement [Member] | Secured Debt [Member]
Notes Payable [Line Items]
Debt Instrument, Face Amount		18,000,000
Monroe Credit Agreement [Member] | Legal Reserve Delayed Draw Term Loan [Member]
Notes Payable [Line Items]
Debt Instrument, Face Amount		$ 2,000,000
TD Bank [Member] | Monroe Line Of Credit [Member]
Notes Payable [Line Items]
Debt Instrument, Maturity Date						May 18, 2020
Line of Credit Facility, Maximum Borrowing Capacity						$ 5,000,000
Line of Credit Facility, Interest Rate During Period						10.00%
Line of Credit Facility, Interest Rate Description						one-month LIBOR plus 9%
Line of Credit Facility, Description						$5.0 million and (ii) the sum of 85% of all eligible accounts receivable plus 60% of all eligible inventory.
TD Bank [Member] | Revolving Credit Facility [Member]
Notes Payable [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity						$ 4,800,000
Promissory Notes Payable [Member]
Notes Payable [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				2.00%
Debt Instrument, Maturity Date				Oct. 15, 2018
Debt Instrument, Periodic Payment				$ 215,000
Debt Instrument, Face Amount				$ 1,075,000
Before Amendment [Member] | Monroe Credit Agreement [Member]
Notes Payable [Line Items]
Debt Instrument, Maturity Date		Mar. 31, 2020
Subordinated Term Loan [Member]
Notes Payable [Line Items]
Debt Instrument, Maturity Date		Mar. 31, 2017	Jun. 30, 2016			Sep. 30, 2016
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares			455,514						160,000
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares			$ 0.01						$ 1.50
Warrants Not Settleable in Cash, Fair Value Disclosure						$ 31,000
Term Loan [Member]
Notes Payable [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						17.00%	17.00%
Debt Instrument, Maturity Date		Jun. 30, 2016
Granite Creek Partners Agent Llc [Member]
Notes Payable [Line Items]
Subordinated Borrowing, Interest Rate					11.00%
Debt Instrument, Maturity Date					Jun. 30, 2016
Debt Instrument Convertible Number Of Equity Instrument | shares					2,666,667
Debt Instrument, Convertible, Conversion Price | $ / shares					$ 3.19
Issuance Of Loan					$ 8,500,000

PREFERRED STOCK (Additional Inf

PREFERRED STOCK (Additional Information) (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		9 Months Ended
	Jul. 30, 2014	Nov. 19, 2013	Sep. 30, 2016	Dec. 31, 2015
Preferred Stock Disclosure [Line Items]
Dividends, Preferred Stock, Total			$ 697
Series A Preferred Stock [Member]
Preferred Stock Disclosure [Line Items]
Preferred Stock, Liquidation Preference Per Share			$ 32.50
Convertible Preferred Stock, Shares Issued upon Conversion			50
Convertible Preferred Stock Conversion Price			$ 0.65
Conversion Price			$ 0.13664587
Preferred Stock, Dividend Rate, Percentage			12.00%
Series A Convertible Preferred Stock [Member]
Preferred Stock Disclosure [Line Items]
Preferred Stock, Shares Authorized			1,000,000	1,000,000
Preferred Stock Par Or Stated Value Per Share			$ 0.001	$ 0.001
Preferred Stock Shares Issued			123,097	123,097
Dividends, Preferred Stock, Total			$ (478)
Series C Preferred Stock [Member]
Preferred Stock Disclosure [Line Items]
Preferred Stock, Shares Authorized			1,000,000	1,000,000
Preferred Stock Par Or Stated Value Per Share			$ 0.001	$ 0.001
Preferred Stock, Dividend Rate, Percentage			12.00%
Proceeds from Issuance of Preferred Stock and Preference Stock	$ 600
Preferred Stock Liquidation Preference Description			each share of Series C Preferred Stock would be entitled to a liquidation preference equal to the sum of: (1) $3,000 per share (the Base Liquidation Value) and the (2) the amount, if any, by which the Base Value exceeds 150% of the purchase price (the Excess Liquidation Value), plus any accrued but unpaid dividends, in each case subject to customary adjustments as set forth in the Amended Series C Certificate of Designation.
Preferred Stock Dividend Payable Percentage Of Shares			75.00%
Accrued Dividends Payable In Cash Or In Kind Per Share			$ 2,000
Preferred Stock Shares Issued			1,000	1,000
Dividends, Preferred Stock, Total	$ 1,400		$ (219)
Series B convertible preferred stock [Member]
Preferred Stock Disclosure [Line Items]
Preferred Stock, Shares Authorized			1,000,000	1,000,000
Preferred Stock Par Or Stated Value Per Share			$ 0.001	$ 0.001
Conversion of Stock, Shares Converted	35,713.147
Preferred Stock Shares Issued			1,000	1,000
Series D Convertible Preferred Stock [Member]
Preferred Stock Disclosure [Line Items]
Preferred Stock, Shares Authorized			1,000,000	1,000,000
Preferred Stock Par Or Stated Value Per Share			$ 0.001	$ 0.001
Conversion of Stock, Shares Converted			752,807.8
Preferred Stock Shares Issued			10	10
Dividends, Preferred Stock, Total			$ 0
Purchase Agreement [Member] | Series B convertible preferred stock [Member]
Preferred Stock Disclosure [Line Items]
Preferred Stock, Conversion Basis	if the Company issues or sells shares of Common Stock or other equity securities for no consideration or for consideration that is based on an equity valuation of the Company of less than $2.0 million in the aggregate (a Trigger Issuance). In the event of a Trigger Issuance, the Conversion Number shall be increased as of the close of business on the effective date of the Trigger Issuance to a number calculated as follows: (i) two-thirds of the Common Stock deemed Outstanding (as defined in the Amended Series A Certificate of Designation) immediately following such Trigger Issuance (excluding any Common Stock Deemed Outstanding as a result of the conversion of the Series B Preferred Stock) (ii) divided by 1,000. Each share of Series B Preferred Stock will automatically convert into shares of Common Stock on the tenth anniversary of its original issuance date, at the then-current Conversion Number.
Series A Purchase Agreement [Member] | Series A Convertible Preferred Stock [Member]
Preferred Stock Disclosure [Line Items]
Stock Issued During Period, Shares, Other		123,077
Stock Issued During Period, Value, Other		$ 4,000
Sale of Stock, Price Per Share		$ 32.50
Preferred Stock Par Or Stated Value Per Share		$ 0.001
Series B and C Purchase Agreement [Member] | Series B convertible preferred stock [Member]
Preferred Stock Disclosure [Line Items]
Stock Issued During Period, Shares, Other	1,000
Stock Issued During Period, Value, Other	$ 2,000
Sale of Stock, Price Per Share	$ 2,000
Preferred Stock Par Or Stated Value Per Share	$ 0.001
Net Proceeds from Sale of Preferred Units Used to Pay Contingent Legal Obligation	$ 1,300
Series B and C Purchase Agreement [Member] | Series C Convertible Preferred Stock [Member]
Preferred Stock Disclosure [Line Items]
Preferred Stock Par Or Stated Value Per Share	$ 0.001

STOCKHOLDERS' EQUITY (Warrants

STOCKHOLDERS' EQUITY (Warrants To Purchase Common Stock Outstanding) (Detail)	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Granite Creek FlexCap I, L.P [Member]
Class of Warrant or Right [Line Items]
Number of Shares Under Warrant	267,950
Number of Shares Exercisable Under Warrant	267,950
Exercise Price | $ / shares	$ 0.01
Expiration Date	Nov. 19, 2023
Patriot Capital II, L.P [Member]
Class of Warrant or Right [Line Items]
Number of Shares Under Warrant	187,564
Number of Shares Exercisable Under Warrant	187,564
Exercise Price | $ / shares	$ 0.01
Expiration Date	Nov. 19, 2023
Dragonfly Capital Partners, LLC [Member]
Class of Warrant or Right [Line Items]
Number of Shares Under Warrant	1,003,744
Number of Shares Exercisable Under Warrant	1,003,744
Exercise Price | $ / shares	$ 0.05
Expiration Date	May 18, 2020

STOCKHOLDERS' EQUITY (Granite a

STOCKHOLDERS' EQUITY (Granite and Patriot Warrants is estimated using the Black-Scholes pricing model) (Detail) - Granite and Patriot Warrants [Member]	9 Months Ended
	Sep. 30, 2016$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price of underlying equity	$ 0.07
Exercise price	$ 0.01
Expected term (years)	7 years 1 month 6 days
Risk-free interest rate	1.50%
Estimated dividend yield	0.00%
Volatility	172.70%

STOCKHOLDERS' EQUITY (Change In

STOCKHOLDERS' EQUITY (Change In The Fair Value Of The Warrants Liability) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Class of Warrant or Right [Line Items]
Change in fair value of warrants	$ 0	$ 12	$ 23	$ 7
Granite and Patriot Warrants [Member]
Class of Warrant or Right [Line Items]
Warrant liability at December 31, 2015			54
Change in fair value of warrants			(23)
Warrant liability at June 30, 2016	$ 31		$ 31

STOCKHOLDERS' EQUITY (Additiona

STOCKHOLDERS' EQUITY (Additional Information) (Detail) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	May 18, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Stockholders Equity Additional Information [Line Items]
Common stock, shares authorized		150,000,000		150,000,000		150,000,000
Fair Value Adjustment of Warrants		$ 0	$ (12,000)	$ (23,000)	$ (7,000)
Dragonfly Warrant [Member]
Stockholders Equity Additional Information [Line Items]
Fair Value Adjustment of Warrants	$ 43,000
Dragonfly Capital Partners, LLC [Member]
Stockholders Equity Additional Information [Line Items]
Class Of Warrant Or Right, Number Of Securities Called By Warrants Or Rights		1,003,744		1,003,744
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.05		$ 0.05
Dragonfly Capital Partners, LLC [Member] | Dragonfly Warrant [Member]
Stockholders Equity Additional Information [Line Items]
Debt Related Commitment Fees and Debt Issuance Costs	$ 820,000
Class Of Warrant Or Right, Number Of Securities Called By Warrants Or Rights	1,003,744
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.05
Subordinated Term Loan [Member]
Stockholders Equity Additional Information [Line Items]
Class Of Warrant Or Right, Number Of Securities Called By Warrants Or Rights						455,514

INCOME TAXES (Additional Inform

INCOME TAXES (Additional Information) (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Current Foreign Tax Expense (Benefit)	$ 71,000		$ 165,000
Deferred Tax Assets, Valuation Allowance, Noncurrent	$ 12,200,000		$ 12,200,000
Current Income Tax Expense (Benefit), Total		$ 132,000		$ 211,000

RELATED PARTY TRANSACTIONS (Add

RELATED PARTY TRANSACTIONS (Additional Information) (Detail) - USD ($)	1 Months Ended	9 Months Ended
	May 18, 2015	Sep. 30, 2016	Jul. 30, 2014	Nov. 19, 2013	Dec. 31, 2012
Jfc [Member]
Related Party Transaction [Line Items]
Unsecured Debt					$ 2,100,000
Amended JFC Note [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				12.00%
Debt Instrument, Convertible, Conversion Price				$ 32.50
Convertible Debt				$ 1,000,000
Repayments of Related Party Debt	$ 2,100,000
Repayments Of Related Party Debt, Accrued interest	500,000
James Schleck [Member] | Series A Preferred Stock [Member]
Related Party Transaction [Line Items]
Debt Conversion, Converted Instrument, Amount	$ 650
Debt Conversion, Converted Instrument, Shares Issued	20
Cyalume Specialty Products Inc [Member]
Related Party Transaction [Line Items]
Monthly Lease Payments Due To Related Parties		$ 30,000
Lease Expiration Date		Aug. 31, 2016
Bayonet Capital Fund I, LLC [Member]
Related Party Transaction [Line Items]
Preferred Units, Issued			100

NET INCOME PER COMMON SHARE (Ne

NET INCOME PER COMMON SHARE (Net Income Per Common Share) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Numerator:
Net income	$ 1,912	$ 1,144	$ 3,182	$ 3,130
Income available to common stockholders - basic	1,671	931	2,485	2,514
Effect of dilutive securities:
Less: Change in fair value of warrant liability for dilutive warrants (income) expense	0	(12)	(23)	(7)
Add: Convertible related party promissory note	0	0	0	45
Add: Series A convertible preferred stock dividends	165	146	478	422
Income available to common stockholders - diluted	$ 1,836	$ 1,065	$ 2,940	$ 2,974
Denominator:
Weighted average common shares outstanding - basic	21,400,244	21,400,244	21,400,244	21,400,244
Weighted average effect of dilutive common equivalent shares:
Warrants	553,959	744,256	753,026	581,133
Convertible related party promissory note	0	0	0	3,699,303
Options	0	0	1,621	0
Weighted average common shares outstanding - diluted	106,284,130	101,875,913	106,484,818	101,579,116
Earnings per common share:
Basic	$ 0.08	$ 0.04	$ 0.12	$ 0.12
Diluted	$ 0.02	$ 0.01	$ 0.03	$ 0.03
Series A convertible preferred stock dividends [Member]
Numerator:
Preferred stock dividends	$ (165)	$ (146)	$ (478)	$ (422)
Series C preferred stock dividends [Member]
Numerator:
Preferred stock dividends	$ (76)	$ (67)	$ (219)	$ (194)
Series A Preferred Stock [Member]
Weighted average effect of dilutive common equivalent shares:
Assumed conversion of convertible preferred stock	41,088,702	36,490,188	41,088,702	36,490,188
Series B Preferred Stock [Member]
Numerator:
Net income			$ 0
Weighted average effect of dilutive common equivalent shares:
Assumed conversion of convertible preferred stock	35,713,147	35,713,147	35,713,147	35,713,147
Series D Preferred Stock [Member]
Weighted average effect of dilutive common equivalent shares:
Assumed conversion of convertible preferred stock	7,528,078	7,528,078	7,528,078	3,695,101

NET INCOME PER COMMON SHARE (Di

NET INCOME PER COMMON SHARE (Dilutive Common Share Equivalents Were Excluded From The Calculation Of Diluted Net Income Per Common Share) (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,500,573	10,505,322	10,450,573	10,505,322

FAIR VALUES OF ASSETS AND LIA40

FAIR VALUES OF ASSETS AND LIABILITIES (Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail) $ in Thousands	Sep. 30, 2016USD ($)
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Assets And Liabilities Measured On Recurring Basis	$ (31)
Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Assets And Liabilities Measured On Recurring Basis	(31)	[1]
Level 1 Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Assets And Liabilities Measured On Recurring Basis	0
Level 1 Quoted Prices in Active Markets for Identical Assets [Member] | Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Assets And Liabilities Measured On Recurring Basis	0	[1]
Level 2 Significant Other Observable Inputs [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Assets And Liabilities Measured On Recurring Basis	0
Level 2 Significant Other Observable Inputs [Member] | Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Assets And Liabilities Measured On Recurring Basis	0	[1]
Level 3 Significant Unobservable Inputs [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Assets And Liabilities Measured On Recurring Basis	(31)
Level 3 Significant Unobservable Inputs [Member] | Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Assets And Liabilities Measured On Recurring Basis	$ (31)	[1]
[1]	The Company has classified its warrant liability which could be potentially settled in cash within Level 3 because the fair values are determined using significant unobservable inputs into the Black-Scholes pricing model.

FAIR VALUES OF ASSETS AND LIA41

FAIR VALUES OF ASSETS AND LIABILITIES (Consideration Liability Measured at Fair Value on Recurring Basis) (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at the end of period	$ 31
Warrants Liability [Member]
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at the beginning of period	54	$ 25
Change in fair value of warrants	(23)	29
Balance at the end of period	$ 31	$ 54

SUPPLEMENTAL DISCLOSURE OF CA42

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION (Cash Paid for Interest and Income Taxes) (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Interest	$ 1,441	$ 1,019
Income taxes	$ 388	$ 655

SUPPLEMENTAL DISCLOSURE OF CA43

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION (Non-Cash Investing and Financing Activities) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Non-Cash Investing And Financing Activities [Line Items]
Relative fair value of warrant issued in connection with debt refinancing			$ 0	$ 42
Series A Convertible Preferred stock accrued dividend [Member]
Non-Cash Investing And Financing Activities [Line Items]
Preferred stock dividends	$ 165	$ 146	478	422
Series C Preferred stock accrued dividend [Member]
Non-Cash Investing And Financing Activities [Line Items]
Preferred stock dividends	$ 76	$ 67	219	194
Series D convertible preferred stock [Member]
Non-Cash Investing And Financing Activities [Line Items]
Shares Issued During the Period Connection With Debt Refinancing			$ 0	$ 2,751

SUBSEQUENT EVENTS (Additional I

SUBSEQUENT EVENTS (Additional Information) (Detail) $ in Millions	Nov. 15, 2016USD ($)
Credit Agrement [Member] | Subsequent Event [Member]
Debt Instrument, Annual Principal Payment	$ 1