Orbit International (ORBT) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 13, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'ORBIT INTERNATIONAL CORP	'
Entity Central Index Key	'0000074818	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	4,551,598
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current assets:	'	'
Cash and cash equivalents	$1,593,000	$610,000
Investments in marketable securities	248,000	251,000
Accounts receivable (less allowance for doubtful accounts of $145,000)	4,130,000	5,372,000
Inventories	12,287,000	13,271,000
Costs and estimated earnings in excess of billings on uncompleted contracts	0	875,000
Deferred tax asset	331,000	447,000
Other current assets	326,000	252,000
Total current assets	18,915,000	21,078,000
Property and equipment, net	1,116,000	1,099,000
Goodwill	868,000	868,000
Deferred tax asset	1,918,000	1,806,000
Other assets	76,000	125,000
TOTAL ASSETS	22,893,000	24,976,000
Current liabilities:	'	'
Current portion of long-term debt	17,000	33,000
Note payable - bank	0	3,324,000
Accounts payable	571,000	741,000
Liability associated with non-renewal of senior officer contract	42,000	661,000
Accrued expenses	1,149,000	1,294,000
Income taxes payable	9,000	2,000
Customer advances	140,000	88,000
Total current liabilities	1,928,000	6,143,000
Note payable-bank	2,250,000	0
Liability associated with non-renewal of senior Officer contract, net of current portion	12,000	41,000
Long-term debt, net of current portion	0	8,000
Total liabilities	4,190,000	6,192,000
STOCKHOLDERS' EQUITY	'	'
Common stock - $.10 par value, 10,000,000 shares authorized, 5,232,000 and 5,102,000 shares issued at 2013 and 2012, respectively, and 4,552,000 and 4,515,000 shares outstanding at 2013 and 2012, respectively	523,000	510,000
Additional paid-in capital	22,797,000	22,726,000
Treasury stock, at cost, 680,000 and 587,000 shares at 2013 and 2012, respectively	-2,025,000	-1,700,000
Accumulated other comprehensive income (loss), net of tax	1,000	-3,000
Accumulated deficit	-2,593,000	-2,749,000
Total stockholders' equity	18,703,000	18,784,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$22,893,000	$24,976,000

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current assets:	'	'
Accounts receivables, allowance for doubtful accounts	$145,000	$145,000
STOCKHOLDERS' EQUITY	'	'
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, authorized (in shares)	10,000,000	10,000,000
Common stock, issued (in shares)	5,232,000	5,102,000
Common stock, outstanding (in shares)	4,552,000	4,515,000
Treasury stock, at cost (in shares)	680,000	587,000

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) [Abstract]	'	'	'	'
Net sales	$6,109,000	$7,864,000	$19,031,000	$21,535,000
Cost of sales	3,743,000	4,805,000	11,677,000	13,255,000
Gross profit	2,366,000	3,059,000	7,354,000	8,280,000
Selling, general and administrative expenses	2,233,000	2,255,000	7,119,000	7,427,000
Costs related to non-renewal of senior officer contract	0	0	0	1,194,000
Interest expense	14,000	31,000	46,000	101,000
Investment and other income, net	-6,000	-5,000	-11,000	-102,000
Income (loss) before income tax provision (benefit)	125,000	778,000	200,000	-340,000
Income tax provision (benefit)	-2,000	15,000	44,000	73,000
NET INCOME (LOSS)	127,000	763,000	156,000	-413,000
Change in unrealized gains and (losses) on marketable securities, net of income tax	-2,000	4,000	4,000	21,000
Comprehensive income (loss)	$125,000	$767,000	$160,000	($392,000)
Net income (loss) per common share:	'	'	'	'
Basic (in dollars per share)	$0.03	$0.17	$0.04	($0.09)
Diluted (in dollars per share)	$0.03	$0.17	$0.03	($0.09)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net income (loss)	$156,000	($413,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Share-based compensation expense	84,000	196,000
Bond premium amortization	9,000	2,000
Depreciation and amortization	218,000	214,000
Gain on sale of marketable securities	-2,000	0
Changes in operating assets and liabilities:	'	'
Accounts receivable	1,242,000	1,175,000
Inventories	984,000	-1,206,000
Costs and estimated earnings in excess of billings on uncompleted contracts	875,000	-903,000
Other current assets	-74,000	64,000
Other assets	49,000	23,000
Accounts payable	-170,000	-17,000
Accrued expenses	-145,000	-318,000
Income taxes payable	7,000	-22,000
Customer advances	52,000	75,000
Liability associated with non-renewal of senior officers' contracts	-648,000	293,000
Net cash provided by (used in) operating activities	2,637,000	-837,000
Cash flows from investing activities:	'	'
Purchase of property and equipment	-235,000	-352,000
Purchase of marketable securities	-307,000	-2,000
Sale of marketable securities	311,000	0
Net cash used in investing activities	-231,000	-354,000
Cash flows from financing activities:	'	'
Purchase of treasury stock	-325,000	-710,000
Proceeds from issuance of long-term debt	0	65,000
Proceeds from issuance of note payable-bank	0	1,000,000
Repayments of note payable - bank	-1,074,000	0
Restricted cash	0	671,000
Repayments of long-term debt	-24,000	-715,000
Net cash (used in) provided by financing activities	-1,423,000	311,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	983,000	-880,000
Cash and cash equivalents - Beginning of period	610,000	1,709,000
CASH AND CASH EQUIVALENTS - End of period	1,593,000	829,000
Supplemental cash flow information:	'	'
Cash paid for interest	49,000	104,000
Cash paid for income taxes	$37,000	$95,000

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]	'
Basis of Presentation and Summary of Significant Accounting Policies	'
	(NOTE 1) – Basis of Presentation and Summary of Significant Accounting Policies:
	General
	The interim financial information herein is unaudited. However, in the opinion of management, such information reflects all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of operations for the periods being reported. Additionally, it should be noted that the accompanying condensed consolidated financial statements do not purport to contain complete disclosures required for annual financial statements in accordance with accounting principles generally accepted in the United States of America.
	The results of operations for the nine and three months ended September 30, 2013 are not necessarily indicative of the results of operations that can be expected for the year ending December 31, 2013.
	These condensed consolidated statements should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2012 contained in the Company’s Annual Report on Form 10-K filed on March 29, 2013.
	Cash Equivalents
	The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains cash in bank deposit accounts, which, at times, exceed federally insured limits. The Company has not experienced any losses on these accounts.
	Marketable Securities
	The Company's investments are classified as available-for-sale securities and are stated at fair value, based on quoted market prices, with the unrealized gains and losses, net of income tax, reported in other comprehensive income (loss). Realized gains and losses are included in investment income. Any decline in value judged to be other-than-temporary on available-for-sale securities are included in earnings to the extent they relate to a credit loss. A credit loss is the difference between the present value of cash flows expected to be collected from the security and the amortized cost basis. The amount of any impairment related to other factors will be recognized in comprehensive income. The cost of securities is based on the specific-identification method. Interest and dividends on such securities are included in investment income.
	Allowance for Doubtful Accounts
	Accounts receivable are reported at their outstanding unpaid principal balances reduced by an allowance for doubtful accounts. The Company estimates doubtful accounts based on historical bad debts, factors related to specific customers' ability to pay and current economic trends. The Company writes off accounts receivable against the allowance when a balance is determined to be uncollectible.
	Inventories
	Inventories, which consist of raw materials, work-in-process, and finished goods, are recorded at the lower of cost (average cost method and specific identification) or market. Inventories are shown net of any reserves relating to any potential slow moving or obsolete inventory.
	Property and Equipment
	Property and equipment is recorded at cost. Depreciation and amortization of the respective assets are computed using the straight-line method over their estimated useful lives ranging from 3 to 10 years. Leasehold improvements are amortized using the straight-line method over the remaining term of the lease or the estimated useful life of the improvement, whichever is less.
	Long-Lived Assets
	When impairment indicators are present, the Company reviews the carrying value of its long-lived assets in determining the ultimate recoverability of their unamortized values using future undiscounted cash flow analyses. In the event the future undiscounted cash flows of the long-lived asset are less than the carrying value, the Company will record an impairment charge for the difference between the carrying value and the fair value of the long-lived asset.
	Goodwill
	The Company records goodwill as the excess of purchase price over the fair value of identifiable net assets acquired. In accordance with Accounting Standards Codification (“ASC”) 350, goodwill is not amortized but instead tested for impairment on at least an annual basis. The Company, where appropriate, will utilize Accounting Standards Update (“ASU”) 2011-08 which allows the Company to not perform the two-step goodwill impairment test if it determines that it is not more likely than not that the fair value of the reporting unit is less than the carrying amount based on a qualitative assessment of the reporting unit. The Company’s annual goodwill impairment test is performed in the fourth quarter each year or when impairment indicators are present. If the goodwill is deemed to be impaired, the difference between the carrying amount reflected in the financial statements and the estimated fair value is recognized as an expense in the period in which the impairment occurs. In determining the recoverability of goodwill, assumptions are made regarding estimated future cash flows and other factors to determine the fair value of the assets.
	Income Taxes
	The Company recognizes deferred tax assets and liabilities in accordance with ASC 740 based on the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances have been established to reduce deferred tax assets to the amount expected to be realized. The Company evaluates uncertain tax positions and accounts for such items in accordance with ASC 740-10. As of September 30, 2013, the Company has no material uncertain tax positions. The Company is subject to federal income taxes and files a consolidated U.S. federal income tax return. In addition to the federal tax return, the Company files income tax returns in various state jurisdictions. The Company is subject to routine income tax audits in various jurisdictions and tax returns from December 31, 2009 remain open to examination by such taxing authorities.
	Revenue and Cost Recognition
	The Company recognizes a substantial portion of its revenue upon the delivery of product. The Company recognizes such revenue when title and risk of loss are transferred to the customer and when there is: i) persuasive evidence that an arrangement with the customer exists, which is generally a customer purchase order, ii) the selling price is fixed and determinable, iii) collection of the customer receivable is deemed probable, and iv) we do not have any continuing non-warranty obligations. However, for certain products, revenue and costs under larger, long-term contracts are reported on the percentage-of-completion method. For projects where materials have been purchased but have not been placed into production, the costs of such materials are excluded from costs incurred for the purpose of measuring the extent of progress toward completion. The amount of earnings recognized at the financial statement date is based on an efforts-expended method, which measures the degree of completion on a contract based on the amount of labor dollars incurred compared to the total labor dollars expected to complete the contract. When an ultimate loss is indicated on a contract, the entire estimated loss is recorded in the period the loss is identified. Costs and estimated earnings in excess of billings on uncompleted contracts represent an asset that will be liquidated in the normal course of contract completion, which at times may require more than one year. The components of cost and estimated earnings in excess of billings on uncompleted contracts are the sum of the related contract’s direct material, direct labor, manufacturing overhead and estimated earnings less accounts receivable billings.
	Deferred Rent
	The Company’s leases have escalation clauses which are recognized on a straight line basis over the life of the lease. The amounts are recorded in accrued expenses in the accompanying condensed consolidated financial statements.
	Comprehensive Income (loss)
	Comprehensive income (loss) consists of net income (loss) and unrealized gains and losses on marketable securities, net of tax. The Company has elected to present the components of net income (loss), the components of other comprehensive income and total comprehensive income (loss) as a single continuous statement.

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2013
Stock Based Compensation [Abstract]	'
Stock Based Compensation	'
	(Note 2) - Stock Based Compensation:
	At September 30, 2013, the Company had a stock-based employee compensation plan. At September 30, 2013, there were no shares of common stock reserved for future issuance of stock options, restricted stock and stock appreciation rights. The plan provided for the granting of nonqualified and incentive stock options as well as restricted stock awards and stock appreciation rights to officers, employees and other key persons. The terms and vesting schedules of stock-based awards vary by type of grant and generally the awards vest based upon time-based conditions. Share-based compensation expense was $84,000 and $28,000 for the nine and three months ended September 30, 2013, respectively, and was $196,000 and $44,000, respectively, for the comparable 2012 periods.
	The Company's stock-based employee compensation plan allows for the issuance of restricted stock awards that may not be sold or otherwise transferred until certain restrictions have lapsed. The unearned stock-based compensation related to restricted stock granted is being amortized to compensation expense over the vesting period, which ranges from seven to ten years. The share based expense for these awards was determined based on the market price of the Company's stock at the date of grant applied to the total number of shares that were anticipated to vest. During the nine months ended September 30, 2013, 130,000 shares of restricted stock were awarded to senior management which will vest over seven years. As of September 30, 2013, the Company had unearned compensation of $426,000 associated with all of the Company's restricted stock awards, which will be expensed over approximately the next seven years. The unvested portion of restricted stock awards at September 30, 2013 was approximately 148,000 shares.
	The following table summarizes the Company's nonvested restricted stock activity for the nine months ended September 30, 2013:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Nonvested restricted stock at January 1, 2013		18,000		$	5.32
	Granted		130,000			3.23
	Vested		-			-
	Forfeited		-			-
	Nonvested restricted stock at September 30, 2013		148,000		$	3.49
	Stock option activity during the nine months ended September 30, 2013, under all stock option plans is as follows:
		Number of Shares			Weighted Average Exercise Price		Average Remaining Contractual Term (in years)
	Options outstanding, January 1, 2013		178,000		$	3.58		2
	Granted		-			-		-
	Forfeited		(64,000	)		4.47		-
	Exercised		-			-		-
	Options outstanding, September 30, 2013		114,000		$	3.08		1
	Outstanding exercisable at September 30, 2013		100,000		$	3.24		1
	At September 30, 2013, the aggregate intrinsic value of options outstanding and exercisable was $116,000 and $96,000, respectively. At the comparable 2012 period, the aggregate intrinsic value of options outstanding and exercisable was $115,000 and $76,000, respectively.
	The following table summarizes the Company's nonvested stock option activity for the nine months ended September 30, 2013:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Nonvested stock options at January 1, 2013		28,000		$	1.02
	Granted		-			-
	Vested		(14,000	)		1.02
	Forfeited		-			-
	Nonvested stock options at September 30, 2013		14,000		$	1.02

Debt

Debt	9 Months Ended
	Sep. 30, 2013
Debt [Abstract]	'
Debt	'
	(NOTE 3) – Debt:
	On November 8, 2012, the Company entered into a credit agreement (“Credit Agreement”) with a commercial lender pursuant to which the Company established a committed line of credit of up to $6,000,000. This line of credit was used to pay off, in full, all of the Company’s obligations to its former primary lender and to provide for its general working capital needs. In June 2013, the Company’s Credit Agreement was amended whereby (i) the expiration date on its credit facility was extended to July 1, 2015 and (ii) the Company is permitted to purchase up to $400,000 of its common stock in each year beginning July 1 and ending June 30 during the term of the Credit Agreement. Payment of interest on the line of credit is due at a rate per annum as follows: either (i) variable at the lender’s prime lending rate (3.25% at September 30, 2013) and/or (ii) 2% over LIBOR for 30, 60, or 90 day LIBOR maturities, at the Company’s sole discretion. The line of credit is secured by a first priority security interest in all of the Company’s tangible and intangible assets. Outstanding borrowings under the line of credit were $2,250,000 at September 30, 2013 at an interest rate of 2.18% representing 2% plus the 30 day LIBOR rate.
	The Credit Agreement contains customary affirmative and negative covenants and certain financial covenants. Additionally, available borrowings under the line of credit are subject to a borrowing base of eligible accounts receivable and inventory. All outstanding borrowings under the line of credit are accelerated and become immediately due and payable (and the line of credit terminates) in the event of a default, as defined under the Credit Agreement. The Company was in compliance with the financial covenants contained in the Credit Agreement at September 30, 2013.
	During March 2012, the Company entered into a two-year $65,000 installment loan agreement to finance the purchase of a leasehold improvement. The loan’s imputed interest rate is 3.25%, is payable in twenty-four (24) monthly payments of approximately $2,800, is secured by the related leasehold improvement, and matures March 2014. The unpaid balance on the installment loan agreement was $17,000 at September 30, 2013.

Net_Income_loss_Per_Common_Sha

Net Income (loss) Per Common Share	9 Months Ended
	Sep. 30, 2013
Net Income (loss) Per Common Share [Abstract]	'
Net Income (loss) Per Common Share	'
	(NOTE 4) – Net Income (Loss) Per Common Share:
	The following table sets forth the computation of basic and diluted net income (loss) per common share:
		Nine Months Ended				Three Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Denominator:
	Denominator for basic net income (loss) per share - weighted-average common shares		4,448,000		4,616,000		4,412,000		4,551,000
	Effect of dilutive securities:
	Employee stock options		21,000		-		21,000		20,000
	Unearned portion of restricted stock awards		13,000		-		17,000		-
	Denominator for diluted net income (loss) per share - weighted-average common shares and assumed conversion		4,482,000		4,616,000		4,450,000		4,571,000
	The numerator for basic and diluted net income (loss) per share for the nine and three month periods ended September 30, 2013 and 2012 is the net income (loss) for each period.
	During the nine months ended September 30, 2012, the Company had a net loss and therefore did not include 24,000 incremental common shares in its calculation of diluted net loss per common share since an inclusion of such securities would be anti-dilutive.
	Options to purchase 31,000 shares of common stock were outstanding during the nine and three month periods ending September 30, 2013, respectively, and options to purchases 158,000 and 155,000 shares were outstanding during the comparable 2012 periods but were not included in the computation of diluted income (loss) per share. The inclusion of these options would have been anti-dilutive as the options’ exercise prices were greater than the average market price of the Company’s common shares during the relevant period.
	Approximately 139,000 shares of outstanding common stock during the nine and three months ended September 30, 2013 and approximately 20,000 shares of outstanding common stock during the comparable periods in 2012 were not included in the computation of basic earnings per share. These shares were excluded because they represent the unearned portion of restricted stock awards.

Cost_of_Sales

Cost of Sales	9 Months Ended
	Sep. 30, 2013
Cost of Sales [Abstract]	'
Cost of Sales	'
	(NOTE 5) - Cost of Sales:
	For interim periods, the Company estimates certain components of its inventory and related gross profit.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2013
Inventories [Abstract]	'
Inventories	'
	(NOTE 6) - Inventories:
	Inventories are comprised of the following:
		September 30,		December 31,
		2013		2012
	Raw Materials	$	7,335,000	$	8,199,000
	Work-in-process		4,605,000		4,742,000
	Finished goods		347,000		330,000
	TOTAL	$	12,287,000	$	13,271,000

Marketable_Securities

Marketable Securities	9 Months Ended
	Sep. 30, 2013
Marketable Securities [Abstract]	'
Marketable Securities	'
	(NOTE 7) – Marketable Securities:
	The following is a summary of the Company’s available for sale marketable securities at September 30, 2013 and December 31, 2012:
	30-Sep-13	Adjusted Cost		Fair Value		Unrealized Holding Gain (Loss)
	Corporate Bonds	$	246,000	$	248,000	$	2,000
	December 31, 2012.
	Corporate Bonds	$	257,000	$	251,000	$	(6,000	)

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2013
Fair Value of Financial Instruments [Abstract]	'
Fair Value of Financial Instruments	'
	(NOTE 8) - Fair Value of Financial Instruments:
	ASC 820, Fair Value Measurements and Disclosures, requires disclosure that establishes a framework for measuring fair value in GAAP and expands disclosure about fair value measurements. This statement enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The statement requires that assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:
	Level 1: Quoted market prices in active markets for identical assets or liabilities.
	Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data.
	Level 3: Unobservable inputs that are not corroborated by market data.
	In determining the appropriate levels, the Company performs a detailed analysis of the assets and liabilities that are subject to ASC 820.
	The table below presents the balances, as of September 30, 2013 and December 31, 2012, of assets and liabilities measured at fair value on a recurring basis by level within the hierarchy.
	30-Sep-13	Total		Level 1		Level 2		Level 3
	Corporate Bonds	$	248,000	$	248,000	$	-	$	-
	31-Dec-12	Total		Level 1		Level 2		Level 3
	Corporate Bonds	$	251,000	$	251,000	$	-	$	-
	The Company’s only asset or liability that is measured at fair value on a recurring basis is marketable securities, based on quoted market prices in active markets and is therefore classified as level 1 within the fair value hierarchy. The carrying value of cash and cash equivalents, accounts receivable, accounts payable, and short-term debt reasonably approximate their fair value due to their relatively short maturities. The fair value estimates presented herein were based on market or other information available to management. The use of different assumptions and/or estimation methodologies could have a significant effect on the estimated fair value amounts.

Business_Segments

Business Segments	9 Months Ended
	Sep. 30, 2013
Business Segments [Abstract]	'
Business Segments	'
	(NOTE 9) - Business Segments:
	The Company operates through two business segments, the Electronics Segment (or "Electronics Group") and the Power Units Segment (or "Power Group"). The Electronics Segment is comprised of the Orbit Instrument Division and the Company’s TDL and ICS subsidiaries. The Orbit Instrument Division and TDL are engaged in the design, manufacture and sale of customized electronic components and subsystems. ICS performs system integration for Gun Weapons Systems and Fire Control Interface as well as logistics support and documentation. The Company's Power Units Segment, through the Company's Behlman Electronics, Inc. subsidiary, is engaged in the design, manufacture and sale of distortion free commercial power units, power conversion devices and electronic devices for measurement and display.
	The Company’s reportable segments are business units that offer different products. The reportable segments are each managed separately as they manufacture and distribute distinct products with different production processes.
	The following is the Company’s business segment information for the nine and three month periods ended September 30, 2013 and 2012:
		Nine Months Ended						Three Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Net sales:
	Electronics
	Domestic	$	8,979,000		$	11,090,000		$	2,970,000		$	4,655,000
	Foreign		783,000			1,419,000			288,000			457,000
	Total Electronics		9,762,000			12,509,000			3,258,000			5,112,000
	Power Units
	Domestic		8,676,000			8,159,000			2,769,000			2,519,000
	Foreign		613,000			877,000			82,000			243,000
	Total Power Units		9,289,000			9,036,000			2,851,000			2,762,000
	Intersegment sales		(20,000	)-		(10,000	)		-			(10,000	))
	Total	$	19,031,000		$	21,535,000		$	6,109,000		$	7,864,000
	(Loss) income before income tax provision (benefit):
	Electronics	$	(606,000	)	$	(1,143,000	)	$	(26,000	)	$	647,000
	Power Units		1,708,000			1,762,000			417,000			402,000
	General corporate expenses not allocated		(867,000	)		(960,000	)		(258,000	)		(245,000	)
	Interest expense		(46,000	)		(101,000	)		(14,000	)		(31,000	)
	Investment and other income, net		11,000			102,000			6,000			5,000
	Income (loss) before income tax provision (benefit)	$	200,000		$	(340,000	)	$	125,000		$	778,000

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2013
Goodwill [Abstract]	'
Goodwill	'
	(NOTE 10) - Goodwill:
	As of September 30, 2013 and December 31, 2012, the Company's goodwill consists of the following:
		Gross Carrying Value		Accumulated Amortization		Accumulated Impairment			Net Carrying Value
	Goodwill	$	9,798,000		-	$	(8,930,000	)	$	868,000

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	(NOTE 11) – Income Taxes:
	For the nine and three months ended September 30, 2013, the Company recorded $44,000 and ($2,000), respectively, of state income and federal minimum tax expense (benefit). For the comparable periods in 2012, the Company recorded income tax expense of $73,000 and $15,000, respectively, for state income and federal minimum taxes.

Liability_Associated_with_Nonr

Liability Associated with Non-renewal of Senior Officers' Contracts	9 Months Ended
	Sep. 30, 2013
Liability Associated with Non-renewal of Senior Officers' Contracts [Abstract]	'
Liability Associated with Non-renewal of Senior Officers' Contracts	'
	(NOTE 12) – Liability Associated with Non-renewal of Senior Officer Contract:
	In March 2012, the Company reached a decision that made it probable that the employment agreement of its former chief operating officer would not be renewed, which effectively terminated his employment as of July 31, 2012. Pursuant to the terms of his existing agreement, the Company recorded an expense of $1,194,000 during the three months ended March 31, 2012, representing its estimated contractual obligation relating to the contract non-renewal. In addition, relating to the non-renewal, all of his unvested restricted shares vested on July 31, 2012. As of September 30, 2013 and December 31, 2012, the liability associated with the non-renewal of the former chief operating officer contract was approximately $54,000 and $702,000, respectively.

Equity

Equity	9 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
Equity	'
	(NOTE 13) – Equity:
	In November 2012, the Company’s Board of Directors authorized management, in its discretion, to purchase up to $400,000 of its common stock. On March 6, 2013, the Company’s Board of Directors approved a 10b5-1 Plan through which the Company conducted its authorized stock buy back program. The Company repurchased all of the remaining shares available under its 10b5-1 Plan during the first and second quarters of 2013. From November 8, 2012 to June 20, 2013, the Company purchased a total of approximately 116,000 of its common shares for total cash consideration of approximately $400,000 for an average price of $3.45 per share. In June 2013, the Company’s Credit Agreement was amended whereby the Company is permitted to purchase up to $400,000 of its common stock in each year beginning July 1 and ending June 30 during the term of the Credit Agreement. On November 6, 2013, the Company’s Board of Directors authorized management to purchase up to $400,000 of its common stock pursuant to a buy back program. In conjunction with the buy back program, the Company’s Board of Directors authorized management to enter into a 10b5-1 Plan through which the Company will be permitted to repurchase up to $200,000 of its common stock. Management is authorized to repurchase up to the remaining $200,000 of common stock under the $400,000 buyback program outside of the 10b5-1 Plan.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2013
Subsequent Event [Abstract]	'
Subsequent Event	'
	(NOTE 14) – Subsequent Event:
	In October 2013, the Company decided to consolidate the operations of its TDL subsidiary, located in Quakertown Pennsylvania, into its Orbit International Corp. facility located in Hauppauge, New York, as part of the Company’s overall efforts to reduce costs. All production, engineering and administrative functions currently performed at the Quakertown, Pennsylvania facility are expected to be transitioned into the Hauppauge, New York facility by June 30, 2014. In connection with this consolidation, Orbit expects to incur approximately $400,000 in expenses and charges, consisting of: (i) approximately $300,000 of accelerated non-cash amortization expense on its leasehold improvements, (ii) approximately $50,000 in retention payments to certain key employees, and (iii) approximately $50,000 in general moving and consolidation expenses.

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]	'
Cash Equivalents	'
	Cash Equivalents
	The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains cash in bank deposit accounts, which, at times, exceed federally insured limits. The Company has not experienced any losses on these accounts.
Marketable Securities	'
	Marketable Securities
	The Company's investments are classified as available-for-sale securities and are stated at fair value, based on quoted market prices, with the unrealized gains and losses, net of income tax, reported in other comprehensive income (loss). Realized gains and losses are included in investment income. Any decline in value judged to be other-than-temporary on available-for-sale securities are included in earnings to the extent they relate to a credit loss. A credit loss is the difference between the present value of cash flows expected to be collected from the security and the amortized cost basis. The amount of any impairment related to other factors will be recognized in comprehensive income. The cost of securities is based on the specific-identification method. Interest and dividends on such securities are included in investment income.
Allowance for Doubtful Accounts	'
	Allowance for Doubtful Accounts
	Accounts receivable are reported at their outstanding unpaid principal balances reduced by an allowance for doubtful accounts. The Company estimates doubtful accounts based on historical bad debts, factors related to specific customers' ability to pay and current economic trends. The Company writes off accounts receivable against the allowance when a balance is determined to be uncollectible.
Inventories	'
	Inventories
	Inventories, which consist of raw materials, work-in-process, and finished goods, are recorded at the lower of cost (average cost method and specific identification) or market. Inventories are shown net of any reserves relating to any potential slow moving or obsolete inventory.
Property and Equipment	'
	Property and Equipment
	Property and equipment is recorded at cost. Depreciation and amortization of the respective assets are computed using the straight-line method over their estimated useful lives ranging from 3 to 10 years. Leasehold improvements are amortized using the straight-line method over the remaining term of the lease or the estimated useful life of the improvement, whichever is less.
Long-Lived Assets	'
	Long-Lived Assets
	When impairment indicators are present, the Company reviews the carrying value of its long-lived assets in determining the ultimate recoverability of their unamortized values using future undiscounted cash flow analyses. In the event the future undiscounted cash flows of the long-lived asset are less than the carrying value, the Company will record an impairment charge for the difference between the carrying value and the fair value of the long-lived asset.
Goodwill	'
	Goodwill
	The Company records goodwill as the excess of purchase price over the fair value of identifiable net assets acquired. In accordance with Accounting Standards Codification (“ASC”) 350, goodwill is not amortized but instead tested for impairment on at least an annual basis. The Company, where appropriate, will utilize Accounting Standards Update (“ASU”) 2011-08 which allows the Company to not perform the two-step goodwill impairment test if it determines that it is not more likely than not that the fair value of the reporting unit is less than the carrying amount based on a qualitative assessment of the reporting unit. The Company’s annual goodwill impairment test is performed in the fourth quarter each year or when impairment indicators are present. If the goodwill is deemed to be impaired, the difference between the carrying amount reflected in the financial statements and the estimated fair value is recognized as an expense in the period in which the impairment occurs. In determining the recoverability of goodwill, assumptions are made regarding estimated future cash flows and other factors to determine the fair value of the assets.
Income Taxes	'
	Income Taxes
	The Company recognizes deferred tax assets and liabilities in accordance with ASC 740 based on the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances have been established to reduce deferred tax assets to the amount expected to be realized. The Company evaluates uncertain tax positions and accounts for such items in accordance with ASC 740-10. As of September 30, 2013, the Company has no material uncertain tax positions. The Company is subject to federal income taxes and files a consolidated U.S. federal income tax return. In addition to the federal tax return, the Company files income tax returns in various state jurisdictions. The Company is subject to routine income tax audits in various jurisdictions and tax returns from December 31, 2009 remain open to examination by such taxing authorities.
Revenue and Cost Recognition	'
	Revenue and Cost Recognition
	The Company recognizes a substantial portion of its revenue upon the delivery of product. The Company recognizes such revenue when title and risk of loss are transferred to the customer and when there is: i) persuasive evidence that an arrangement with the customer exists, which is generally a customer purchase order, ii) the selling price is fixed and determinable, iii) collection of the customer receivable is deemed probable, and iv) we do not have any continuing non-warranty obligations. However, for certain products, revenue and costs under larger, long-term contracts are reported on the percentage-of-completion method. For projects where materials have been purchased but have not been placed into production, the costs of such materials are excluded from costs incurred for the purpose of measuring the extent of progress toward completion. The amount of earnings recognized at the financial statement date is based on an efforts-expended method, which measures the degree of completion on a contract based on the amount of labor dollars incurred compared to the total labor dollars expected to complete the contract. When an ultimate loss is indicated on a contract, the entire estimated loss is recorded in the period the loss is identified. Costs and estimated earnings in excess of billings on uncompleted contracts represent an asset that will be liquidated in the normal course of contract completion, which at times may require more than one year. The components of cost and estimated earnings in excess of billings on uncompleted contracts are the sum of the related contract’s direct material, direct labor, manufacturing overhead and estimated earnings less accounts receivable billings.
Deferred Rent	'
	Deferred Rent
	The Company’s leases have escalation clauses which are recognized on a straight line basis over the life of the lease. The amounts are recorded in accrued expenses in the accompanying condensed consolidated financial statements.
Comprehensive Income (loss)	'
	Comprehensive Income (loss)
	Comprehensive income (loss) consists of net income (loss) and unrealized gains and losses on marketable securities, net of tax. The Company has elected to present the components of net income (loss), the components of other comprehensive income and total comprehensive income (loss) as a single continuous statement.

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2013
Stock Based Compensation [Abstract]	'
Stock option activity	'
	Stock option activity during the nine months ended September 30, 2013, under all stock option plans is as follows:
		Number of Shares			Weighted Average Exercise Price		Average Remaining Contractual Term (in years)
	Options outstanding, January 1, 2013		178,000		$	3.58		2
	Granted		-			-		-
	Forfeited		(64,000	)		4.47		-
	Exercised		-			-		-
	Options outstanding, September 30, 2013		114,000		$	3.08		1
	Outstanding exercisable at September 30, 2013		100,000		$	3.24		1
Nonvested stock option activity	'
	The following table summarizes the Company's nonvested stock option activity for the nine months ended September 30, 2013:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Nonvested stock options at January 1, 2013		28,000		$	1.02
	Granted		-			-
	Vested		(14,000	)		1.02
	Forfeited		-			-
	Nonvested stock options at September 30, 2013		14,000		$	1.02

Net_Income_loss_Per_Common_Sha1

Net Income (loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2013
Net Income (loss) Per Common Share [Abstract]	'
Computation of basic and diluted net income loss per common share	'
	The following table sets forth the computation of basic and diluted net income (loss) per common share:
		Nine Months Ended				Three Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Denominator:
	Denominator for basic net income (loss) per share - weighted-average common shares		4,448,000		4,616,000		4,412,000		4,551,000
	Effect of dilutive securities:
	Employee stock options		21,000		-		21,000		20,000
	Unearned portion of restricted stock awards		13,000		-		17,000		-
	Denominator for diluted net income (loss) per share - weighted-average common shares and assumed conversion		4,482,000		4,616,000		4,450,000		4,571,000

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2013
Inventories [Abstract]	'
Composition of Inventories	'
	Inventories are comprised of the following:
		September 30,		December 31,
		2013		2012
	Raw Materials	$	7,335,000	$	8,199,000
	Work-in-process		4,605,000		4,742,000
	Finished goods		347,000		330,000
	TOTAL	$	12,287,000	$	13,271,000

Marketable_Securities_Tables

Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2013
Marketable Securities [Abstract]	'
Available-for-sale marketable securities	'
	The following is a summary of the Company’s available for sale marketable securities at September 30, 2013 and December 31, 2012:
	30-Sep-13	Adjusted Cost		Fair Value		Unrealized Holding Gain (Loss)
	Corporate Bonds	$	246,000	$	248,000	$	2,000
	December 31, 2012.
	Corporate Bonds	$	257,000	$	251,000	$	(6,000	)

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value of Financial Instruments [Abstract]	'
Assets and liabilities measured at fair value on a recurring basis	'
	The table below presents the balances, as of September 30, 2013 and December 31, 2012, of assets and liabilities measured at fair value on a recurring basis by level within the hierarchy.
	30-Sep-13	Total		Level 1		Level 2		Level 3
	Corporate Bonds	$	248,000	$	248,000	$	-	$	-
	31-Dec-12	Total		Level 1		Level 2		Level 3
	Corporate Bonds	$	251,000	$	251,000	$	-	$	-

Business_Segments_Tables

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2013
Business Segments [Abstract]	'
Schedule of segment reporting information	'
	The following is the Company’s business segment information for the nine and three month periods ended September 30, 2013 and 2012:
		Nine Months Ended						Three Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Net sales:
	Electronics
	Domestic	$	8,979,000		$	11,090,000		$	2,970,000		$	4,655,000
	Foreign		783,000			1,419,000			288,000			457,000
	Total Electronics		9,762,000			12,509,000			3,258,000			5,112,000
	Power Units
	Domestic		8,676,000			8,159,000			2,769,000			2,519,000
	Foreign		613,000			877,000			82,000			243,000
	Total Power Units		9,289,000			9,036,000			2,851,000			2,762,000
	Intersegment sales		(20,000	)-		(10,000	)		-			(10,000	))
	Total	$	19,031,000		$	21,535,000		$	6,109,000		$	7,864,000
	(Loss) income before income tax provision (benefit):
	Electronics	$	(606,000	)	$	(1,143,000	)	$	(26,000	)	$	647,000
	Power Units		1,708,000			1,762,000			417,000			402,000
	General corporate expenses not allocated		(867,000	)		(960,000	)		(258,000	)		(245,000	)
	Interest expense		(46,000	)		(101,000	)		(14,000	)		(31,000	)
	Investment and other income, net		11,000			102,000			6,000			5,000
	Income (loss) before income tax provision (benefit)	$	200,000		$	(340,000	)	$	125,000		$	778,000

Goodwill_Tables

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2013
Goodwill [Abstract]	'
Schedule of goodwill	'
	As of September 30, 2013 and December 31, 2012, the Company's goodwill consists of the following:
		Gross Carrying Value		Accumulated Amortization		Accumulated Impairment			Net Carrying Value
	Goodwill	$	9,798,000		-	$	(8,930,000	)	$	868,000

Basis_of_Presentation_and_Summ2

Basis of Presentation and Summary of Significant Accounting Policies (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Income Taxes [Abstract]	'
Uncertain tax positions	$0
Revenue and Cost Recognition [Abstract]	'
Period of warranty for all units shipped	'1 year
Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated useful life	'3 years
Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated useful life	'10 years

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	9 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2011	Sep. 30, 2013	Sep. 30, 2013
						Restricted Stock Awards [Member]	Restricted Stock Awards [Member]	Restricted Stock Awards [Member]	Restricted Stock Awards [Member]
								Minimum [Member]	Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'	'	'
Common stock reserved for future issuance of stock options (in shares)	0	'	0	'	'	'	'	'	'
Share-based compensation expense	$28,000	$44,000	$84,000	$196,000	'	'	'	'	'
Vesting period for amortization of unearned compensation related to nonvested awards	'	'	'	'	'	'7 years	'	'7 years	'10 years
Restricted stock awarded to senior management (in shares)	'	'	'	'	'	130,000	'	'	'
Vesting period	'	'	'	'	'	'7 years	'	'	'
Unvested portion of restricted stock	14,000	'	14,000	'	28,000	148,000	148,000	'	'
Unearned compensation cost associated with restricted stock awards	'	'	'	'	'	426,000	'	'	'
Number of Shares [Roll Forward]	'	'	'	'	'	'	'	'	'
Options outstanding at beginning of year (in shares)	'	'	178,000	'	'	'	'	'	'
Granted (in shares)	'	'	0	'	'	'	'	'	'
Forfeited (in shares)	'	'	-64,000	'	'	'	'	'	'
Exercised (in shares)	'	'	0	'	'	'	'	'	'
Options outstanding at end of year (in shares)	114,000	'	114,000	'	178,000	'	'	'	'
Options outstanding exercisable at end of year (in shares)	100,000	'	100,000	'	'	'	'	'	'
Weighted Average Exercise Price [Roll Forward]	'	'	'	'	'	'	'	'	'
Options outstanding at beginning of year (in dollars per share)	'	'	$3.58	'	'	'	'	'	'
Granted (in dollars per share)	'	'	$0	'	'	'	'	'	'
Forfeited (in dollars per share)	'	'	$4.47	'	'	'	'	'	'
Exercised (in dollars per share)	'	'	$0	'	'	'	'	'	'
Options outstanding at end of year (in dollars per share)	$3.08	'	$3.08	'	$3.58	'	'	'	'
Options outstanding exercisable at end of year (in dollars per share)	$3.24	'	$3.24	'	'	'	'	'	'
Average Remaining Contractual Term [Abstract]	'	'	'	'	'	'	'	'	'
Options outstanding at beginning of year	'	'	'1 year	'	'2 years	'	'	'	'
Granted	'	'	'	'	'	'	'	'	'
Forfeited	'	'	'	'	'	'	'	'	'
Exercised	'	'	'	'	'	'	'	'	'
Options outstanding at end of year	'	'	'1 year	'	'2 years	'	'	'	'
Options outstanding and exercisable at end of year	'	'	'1 year	'	'	'	'	'	'
Aggregate intrinsic value of options outstanding	116,000	115,000	116,000	115,000	'	'	'	'	'
Aggregate intrinsic value of options exercisable	$96,000	$76,000	$96,000	$76,000	'	'	'	'	'
Number of Shares [Roll Forward]	'	'	'	'	'	'	'	'	'
Nonvested stock options at beginning of period (in shares)	'	'	28,000	'	'	18,000	148,000	'	'
Granted (in shares)	'	'	0	'	'	130,000	'	'	'
Vested (in shares)	'	'	-14,000	'	'	0	'	'	'
Forfeited (in shares)	'	'	0	'	'	0	'	'	'
Nonvested stock options at end of period (in shares)	14,000	'	14,000	'	28,000	148,000	148,000	'	'
Weighted-Average Grant-Date Fair Value [Roll Forward]	'	'	'	'	'	'	'	'	'
Nonvested stock options at beginning of period (in dollars per share)	'	'	$1.02	'	'	$5.32	$3.49	'	'
Granted (in dollars per share)	'	'	$0	'	'	$3.23	'	'	'
Vested (in dollars per share)	'	'	$1.02	'	'	$0	'	'	'
Forfeited (in dollars per share)	'	'	$0	'	'	$0	'	'	'
Nonvested stock options at end of period (in dollars per share)	$1.02	'	$1.02	'	$1.02	'	$3.49	'	'

Debt_Details

Debt (Details) (USD $)	1 Months Ended	9 Months Ended
	Nov. 30, 2012	Sep. 30, 2013
Debt Instrument [Line Items]	'	'
Common stock repurchase permitted	$400,000	$400,000
LIBOR [Member] | Maturity Period of Libor 1 [Member]	'	'
Debt Instrument [Line Items]	'	'
Maturity period of loan	'	'30 days
LIBOR [Member] | Maturity Period of Libor 2 [Member]	'	'
Debt Instrument [Line Items]	'	'
Maturity period of loan	'	'60 days
LIBOR [Member] | Maturity Period of Libor 3 [Member]	'	'
Debt Instrument [Line Items]	'	'
Maturity period of loan	'	'90 days
Line of Credit [Member]	'	'
Debt Instrument [Line Items]	'	'
Borrowing capacity under line of credit facility	'	6,000,000
Common stock repurchase permitted	'	400,000
Date of maturity of loan	'	1-Jul-15
Outstanding borrowings under line of credit facility	'	2,250,000
Interest rate (in hundredths)	'	2.18%
Line of Credit [Member] | Prime Rate [Member]	'	'
Debt Instrument [Line Items]	'	'
Description of variable rate basis	'	'prime lending rate
Variable interest rate (in hundredths)	'	3.25%
Line of Credit [Member] | LIBOR [Member]	'	'
Debt Instrument [Line Items]	'	'
Description of variable rate basis	'	'LIBOR
Variable interest rate (in hundredths)	'	2.00%
Leasehold Improvement [Member]	'	'
Debt Instrument [Line Items]	'	'
Date of maturity of loan	'	31-Mar-14
Maturity period of loan	'	'2 years
Term loan facility, amount	'	65,000
Imputed interest rate (in hundredths)	'	3.25%
Number of monthly installments	'	24
Amount under monthly payment of term loan	'	2,800
Unpaid balance of loan	'	$17,000

Net_Income_loss_Per_Common_Sha2

Net Income (loss) Per Common Share (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Denominator [Abstract]	'	'	'	'
Denominator for basic net income (loss) per share - weighted-average common shares (in shares)	4,412,000	4,551,000	4,448,000	4,616,000
Effect of dilutive securities [Abstract]	'	'	'	'
Employee and director stock options (in shares)	21,000	20,000	21,000	0
Unearned portion of restricted stock awards (in shares)	17,000	0	13,000	0
Denominator for diluted net income (loss) per share - weighted-average common shares and assumed conversion (in shares)	4,450,000	4,571,000	4,482,000	4,616,000
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities excluded from computation of income (loss) per share (in shares)	'	'	'	24,000
Stock Options [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities excluded from computation of income (loss) per share (in shares)	31,000	155,000	31,000	158,000
Restricted Stock Awards [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities excluded from computation of income (loss) per share (in shares)	139,000	20,000	139,000	20,000

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Components of Inventories [Abstract]	'	'
Raw materials	$7,335,000	$8,199,000
Work-in-process	4,605,000	4,742,000
Finished goods	347,000	330,000
TOTAL	$12,287,000	$13,271,000

Marketable_Securities_Details

Marketable Securities (Details) (Corporate Bonds [Member], USD $)	Sep. 30, 2013	Dec. 31, 2012
Corporate Bonds [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Adjusted Cost	$246,000	$257,000
Fair Value	248,000	251,000
Unrealized Holding Gain (loss)	$2,000	($6,000)

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Corporate Bonds	$248,000	$251,000
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Corporate Bonds	248,000	251,000
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Corporate Bonds	0	0
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Corporate Bonds	$0	$0

Business_Segments_Details

Business Segments (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
			Segment
Business Segments [Abstract]	'	'	'	'
Number of business segments	'	'	2	'
Business segment information [Abstract]	'	'	'	'
Net sales	$6,109,000	$7,864,000	$19,031,000	$21,535,000
Income (Loss) before income tax provision [Abstract]	'	'	'	'
(Loss) income before income tax provision (benefit):	125,000	778,000	200,000	-340,000
Interest expense	-14,000	-31,000	-46,000	-101,000
Investment and other income, net	6,000	5,000	11,000	102,000
Electronics Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	3,258,000	5,112,000	9,762,000	12,509,000
Income (Loss) before income tax provision [Abstract]	'	'	'	'
(Loss) income before income tax provision (benefit):	-26,000	647,000	-606,000	-1,143,000
Power Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	2,851,000	2,762,000	9,289,000	9,036,000
Income (Loss) before income tax provision [Abstract]	'	'	'	'
(Loss) income before income tax provision (benefit):	417,000	402,000	1,708,000	1,762,000
Intersegment [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	0	-10,000	-20,000	-10,000
Income (Loss) before income tax provision [Abstract]	'	'	'	'
(Loss) income before income tax provision (benefit):	0	0	0	0
General Corporate Not Allocated [Member]	'	'	'	'
Income (Loss) before income tax provision [Abstract]	'	'	'	'
(Loss) income before income tax provision (benefit):	-258,000	-245,000	-867,000	-960,000
Domestic [Member] | Electronics Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	2,970,000	4,655,000	8,979,000	11,090,000
Domestic [Member] | Power Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	2,769,000	2,519,000	8,676,000	8,159,000
Foreign [Member] | Electronics Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	288,000	457,000	783,000	1,419,000
Foreign [Member] | Power Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	$82,000	$243,000	$613,000	$877,000

Goodwill_Details

Goodwill (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Goodwill [Abstract]	'	'
Gross Carrying Value	$9,798,000	$9,798,000
Accumulated Amortization	0	0
Accumulated Impairment	-8,930,000	-8,930,000
Net Carrying Value	$868,000	$868,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Taxes [Abstract]	'	'	'	'
State income and federal minimum tax expense	($2,000)	$15,000	$44,000	$73,000

Liability_Associated_with_Nonr1

Liability Associated with Non-renewal of Senior Officers Contract (Details) (USD $)	0 Months Ended	3 Months Ended
	Jul. 31, 2012	Mar. 31, 2012	Sep. 30, 2013	Sep. 30, 2012
Liability Associated with Non-renewal of Senior Officers' Contracts [Abstract]	'	'	'	'
Estimated contractual obligation costs	'	$1,194,000	'	'
Stock compensation expense, restricted stock	138,000	'	'	'
Contractual obligation liability	'	'	$54,000	$702,000

Equity_Details

Equity (Details) (USD $)	1 Months Ended	9 Months Ended	8 Months Ended
	Nov. 30, 2012	Sep. 30, 2013	Jun. 30, 2013	Nov. 06, 2013
			Repurchase of Equity [Member]	Subsequent Event [Member]
				Repurchase of Equity [Member]
Equity [Abstract]	'	'	'	'
Common stock authorized to be repurchased, maximum	$400,000	$400,000	'	'
Subsequent Event [Line Items]	'	'	'	'
Common stock repurchased (in shares)	'	'	116,000	'
Payments for repurchase of common stock	'	'	400,000	'
Average purchase price of common stock repurchased (in dollars per share)	'	'	$3.45	'
Common stock authorized to be repurchased through plan, maximum (in shares)	'	'	'	$200,000

Subsequent_Event_Details

Subsequent Event (Details) (Subsequent Event [Member], USD $)	1 Months Ended
	Oct. 31, 2013
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Expenses and charges for consolidation	$400,000
Accelerated non-cash amortization expense on leasehold improvements	300,000
Retention expenses	50,000
General moving and consolidation expenses	$50,000