Orbit International (ORBT) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 12, 2014
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	'	4,485,118
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$2,672,000	$2,562,000
Investments in marketable securities	252,000	243,000
Accounts receivable (less allowance for doubtful accounts of $145,000)	2,402,000	2,981,000
Inventories	11,188,000	11,803,000
Other current assets	218,000	264,000
Total current assets	16,732,000	17,853,000
Property and equipment, net	724,000	975,000
Goodwill	868,000	868,000
Other assets	40,000	35,000
TOTAL ASSETS	18,364,000	19,731,000
Current liabilities:	'	'
Line of Credit	0	2,100,000
Accounts payable	523,000	510,000
Liability associated with non-renewal of senior officer contract	20,000	36,000
Income taxes payable	13,000	25,000
Accrued expenses	1,075,000	1,149,000
Customer advances	177,000	17,000
Total current liabilities	1,808,000	3,837,000
Line of Credit	1,885,000	0
Other liabilities	48,000	0
Liability associated with non-renewal of senior officer contract, net of current portion	0	4,000
Total liabilities	3,741,000	3,841,000
STOCKHOLDERS' EQUITY	'	'
Common stock - $.10 par value, 10,000,000 shares authorized, 5,223,000 and 5,232,000 shares issued at June 30, 2014 and December 31, 2013, respectively, and 4,485,000 and 4,521,000 shares outstanding at June 30, 2014 and December 31, 2013, respectively	522,000	523,000
Additional paid-in capital	22,877,000	22,824,000
Treasury stock, at cost, 738,000 and 711,000 shares at June 30, 2014 and December 31, 2013, respectively	-2,225,000	-2,133,000
Accumulated other comprehensive (loss), net of tax	1,000	-5,000
Accumulated deficit	-6,552,000	-5,319,000
Total stockholders' equity	14,623,000	15,890,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$18,364,000	$19,731,000

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
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)	5,223,000	5,232,000
Common stock, outstanding (in shares)	4,485,000	4,521,000
Treasury stock, at cost (in shares)	738,000	711,000

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) [Abstract]	'	'	'	'
Net sales	$5,396,000	$6,475,000	$10,403,000	$12,922,000
Cost of sales	3,159,000	3,978,000	6,666,000	7,934,000
Gross profit	2,237,000	2,497,000	3,737,000	4,988,000
Selling, general and administrative expenses	2,384,000	2,355,000	4,927,000	4,886,000
Interest expense	10,000	15,000	21,000	32,000
Investment and other (income) expense, net	3,000	-2,000	-7,000	-5,000
(Loss) income before income tax provision	-160,000	129,000	-1,204,000	75,000
Income tax provision	11,000	20,000	29,000	46,000
NET (LOSS) INCOME	-171,000	109,000	-1,233,000	29,000
Other comprehensive Income (loss):	'	'	'	'
Change in unrealized gains on marketable securities, net of income tax	4,000	2,000	6,000	6,000
Comprehensive (loss) income	($167,000)	$111,000	($1,227,000)	$35,000
Net (loss) income per common share:	'	'	'	'
Basic (in dollars per share)	($0.04)	($0.02)	($0.28)	$0.01
Diluted (in dollars per share)	($0.04)	($0.02)	($0.28)	$0.01
Weighted average number of common shares outstanding:	'	'	'	'
Basic (in shares)	4,373,000	4,425,000	4,376,000	4,456,000
Diluted (in shares)	4,373,000	4,459,000	4,376,000	4,491,000

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net (loss) income	($1,233,000)	$29,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:	'	'
Share-based compensation expense	52,000	56,000
Depreciation and amortization	308,000	140,000
Loss on disposal of property and equipment	11,000	0
(Gain) loss on sale of marketable securities	-3,000	2,000
Bond (discount) premium amortization	-2,000	6,000
Changes in operating assets and liabilities:	'	'
Accounts receivable	579,000	1,186,000
Inventories	615,000	568,000
Costs and estimated earnings in excess of billings on uncompleted contracts	0	-124,000
Other current assets	46,000	78,000
Other assets	-5,000	29,000
Accounts payable	13,000	-200,000
Accrued expenses	-74,000	-53,000
Income taxes payable	-12,000	21,000
Customer advances	160,000	-61,000
Other liabilities	48,000	0
Liability associated with non-renewal of senior officer contract	-20,000	-218,000
Net cash provided by operating activities	483,000	1,459,000
Cash flows from investing activities:	'	'
Purchases of property and equipment	-68,000	-156,000
Purchase of marketable securities	-500,000	-151,000
Sale of marketable securities	502,000	150,000
Net cash used in investing activities	-66,000	-157,000
Cash flows from financing activities:	'	'
Purchase of treasury stock	-92,000	-325,000
Repayments of note payable - bank	-215,000	-724,000
Repayments of long-term debt	0	-16,000
Net cash used in financing activities	-307,000	-1,065,000
NET INCREASE IN CASH AND CASH EQUIVALENTS	110,000	237,000
Cash and cash equivalents - Beginning of period	2,562,000	610,000
CASH AND CASH EQUIVALENTS - End of period	2,672,000	847,000
Supplemental cash flow information:	'	'
Cash paid for interest	22,000	34,000
Cash paid for income taxes	$41,000	$25,000

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
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 six months ended June 30, 2014 are not necessarily indicative of the results of operations that can be expected for the year ending December 31, 2014.
	The December 31, 2013 balance sheet has been derived from the audited consolidated financial statements at that date, but does not include all disclosures required by GAAP. These condensed consolidated statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2013 contained in the Company’s 2013 Annual Report on Form 10-K filed on March 31, 2014.
	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 accumulated 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 (loss). 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 sooner 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 basis 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. 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 on both an unconsolidated and consolidated basis depending on the respective state. The Company is subject to routine income tax audits in various jurisdictions and tax returns remain open to examination by such taxing authorities in accordance with their respective statutes.
	Revenue and Cost Recognition
	The Company recognizes a substantial portion of its revenue upon the shipment of product. The Company recognizes such revenue when title and risk of loss are transferred to the customer and when: i) there is 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 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 as a single continuous statement.

Stock_Based_Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2014
Stock Based Compensation [Abstract]	'
Stock Based Compensation	'
	(Note 2) - Stock Based Compensation:
	The Company had stock-based employee compensation plans, which 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 plans granted options with the exercise price equal to the market value of the Company’s stock on the date of such grant and all options expire ten years after granted. The terms and vesting schedules for stock-based awards vary by type of grant and generally the awards vest based upon time-based conditions. Stock-based compensation expense was $52,000 and $26,000 for the six and three months ended June 30, 2014, respectively, and was $56,000 and $28,000, respectively, for the comparable 2013 periods.
	The Company's stock-based employee compensation plans allowed 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 stock-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. As of June 30, 2014, the Company had unearned compensation of $319,000 associated with all of the Company's restricted stock awards, which will be expensed over approximately the next six years. The unvested portion of restricted stock awards at June 30, 2014 and 2013 were approximately 112,000 and 149,000 shares, respectively.
	The following table summarizes the Company's nonvested restricted stock activity for the six months ended June 30, 2014:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Nonvested stock options at January 1, 2014		139,000			3.37
	Granted		-			-
	Vested		(18,000	)		3.23
	Forfeited		(9,000	)		3.23
	Nonvested stock options at June 30, 2014		112,000			3.4
	Stock option activity during the six months ended June 30, 2014, 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		114,000			3.08		1
	Granted		-			-		-
	Forfeited		(31,000	)		5.96		-
	Exercised		-			-		-
	Options outstanding, June 30, 2014		83,000			2		1
	Options exercisable at June 30, 2014		83,000			2		1
	At June 30, 2014, the aggregate intrinsic value of options both outstanding and exercisable was $79,000. At the comparable 2013 period, the aggregate intrinsic value of options outstanding and exercisable was $115,000 and $96,000, respectively.
	The following table summarizes the Company's nonvested stock option activity for the six months ended June 30, 2014:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Nonvested stock options at January 1, 2014		14,000			1.02
	Granted		-			-
	Vested		(14,000	)		1.02
	Forfeited		-			-
	Nonvested stock options at June 30, 2014		-			-

Debt

Debt	6 Months Ended
	Jun. 30, 2014
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. In April 2014, the Company’s Credit Agreement was further amended whereby (i) the Company is required, for a defined period of time, to have an aggregate of cash, marketable securities and excess availability under its borrowing base of no less than $3,000,000 (ii) the definition of the Company’s consolidated fixed charge coverage ratio was amended and compliance with such amended ratio was waived for the quarter ended March 31, 2014 and the Company is not required to comply with this amended ratio until the year ending December 31, 2014 and each fiscal quarter and year thereafter, and (iii) the Company is required to maintain consolidated tangible net worth of no less than $13,500,000 for the quarters ending June 30, 2014 and September 30, 2014. Outstanding borrowings under the line of credit bear interest at a rate per annum as follows: either (i) variable at the lender’s prime lending rate (3.25% at June 30, 2014) and/or (ii) 2% over LIBOR for 30, 60 and 90 day LIBOR maturities, at the Company’s sole discretion. The line of credit is collateralized by a first priority security interest in all of the Company’s tangible and intangible assets. Outstanding borrowings under the line of credit were $1,885,000 at June 30, 2014 at an interest rate of 2.15% 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 its Credit Agreement at June 30, 2014.

Net_Loss_Income_Per_Common_Sha

Net (Loss) Income Per Common Share	6 Months Ended
	Jun. 30, 2014
Net (Loss) Income Per Common Share [Abstract]	'
Net (Loss) Income Per Common Share	'
	(NOTE 4) – Net (Loss) Income  Per Common Share:
	The following table sets forth the computation of basic and diluted net (loss) income per common share:
		Six Months Ended June 30,				Three Months Ended June 30,
		2014		2013		2014		2013
	Denominator:
	Denominator for basic net (loss) income  per share - weighted-average common shares		4,376,000		4,456,000		4,373,000		4,425,000
	Effect of dilutive securities:
	Employee and directors stock options		-		21,000		-		21,000
	Unearned portion of restricted stock awards		-		14,000		-		13,000
	Denominator for diluted net (loss) income per share - weighted-average common shares and assumed conversion		4,376,000		4,491,000		4,373,000		4,459,000
	The numerator for basic and diluted net (loss) income  per share for the six and three month periods ended June 30, 2014 and 2013 is the net (loss) income for each period.
	Stock options to purchase 83,000 shares of common stock were outstanding at June 30, 2014 but were not included in the computation of diluted loss share because inclusion of these options would have been anti-dilutive as the Company incurred net losses during the relevant periods.
	Approximately 112,000 and 149,000 shares of common stock were outstanding at June 30, 2014 and 2013, respectively, but were not included in the computation of basic (loss) income  per share. These shares were excluded because they represent the unvested portion of restricted stock awards.

Cost_of_Sales

Cost of Sales	6 Months Ended
	Jun. 30, 2014
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	6 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Inventories	'
	(NOTE 6) - Inventories:
	Inventories are comprised of the following:
		30-Jun-14		31-Dec-13
	Raw Materials		7,035,000		7,200,000
	Work-in-process		3,862,000		4,313,000
	Finished goods		291,000		290,000
	TOTAL		11,188,000		11,803,000

Marketable_Securities

Marketable Securities	6 Months Ended
	Jun. 30, 2014
Marketable Securities [Abstract]	'
Marketable Securities	'
	(NOTE 7) – Marketable Securities:
	The following is a summary of the Company’s available-for-sale marketable securities at June 30, 2014 and December 31, 2013:
		Amortized Cost		Fair Value		Unrealized Holding Gain (loss)
	June 30, 2014
	Corporate Bonds		251,000		252,000		1,000
	December 31, 2013
	Corporate Bonds		250,000		243,000		(7,000	)

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2014
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, 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 June 30, 2014 and December 31, 2013, of assets measured at fair value on a recurring basis by level within the hierarchy.
	30-Jun-14	Total		Level 1		Level 2		Level 3
	Corporate Bonds		252,000		252,000		-		-
	31-Dec-13	Total		Level 1		Level 2		Level 3
	Corporate Bonds		243,000		243,000		-		-
	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 therefore classified as level 1 within the fair value hierarchy. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and line of credit 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	6 Months Ended
	Jun. 30, 2014
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 Group is comprised of the Orbit Instrument Division, the Company’s subsidiaries, Tulip Development Laboratory, Inc. (“TDL”) and Integrated Combat Systems (“ICS”) and beginning January 1, 2014, the Company’s TDL Division which conducts all operations of TDL that were moved to the Company’s Hauppauge, NY facility. 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, cable and harness assemblies, as well as logistics support and documentation. The Company's Power Group, through the Company's subsidiary, Behlman Electronics, Inc., 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 six and three month periods ended June 30, 2014 and 2013:
		Six Months Ended June 30,						Three Months Ended June 30,
		2014			2013			2014			2013
	Net sales:
	Electronics
	Domestic		5,179,000			6,009,000			2,412,000			3,172,000
	Foreign		389,000			495,000			252,000			144,000
	Total Electronics		5,568,000			6,504,000			2,664,000			3,316,000
	Power Group
	Domestic		4,732,000			5,907,000			2,679,000			2,835,000
	Foreign		103,000			531,000			53,000			331,000
	Total Power Group		4,835,000			6,438,000			2,732,000			3,166,000
	Intersegment sales		-			(20,000	)		-			(7,000	)
	Total		10,403,000			12,922,000			5,396,000			6,475,000
	Income (loss) before income tax provision
	Electronics Group		(1,076,000	)		(580,000	)		(333,000	)		(113,000	)
	Power Group		440,000			1,291,000			441,000			557,000
	General corporate expenses not allocated		(554,000	)		(609,000	)		(255,000	)		(302,000	)
	Interest expense		(21,000	)		(32,000	)		(10,000	)		(15,000	)
	Investment and other income (expense), net		7,000			5,000			(3,000	)		2,000
	(Loss) income before income tax provision		(1,204,000	)		75,000			(160,000	)		129,000

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2014
Goodwill [Abstract]	'
Goodwill	'
	(NOTE 10) - Goodwill:
	As of June 30, 2014 and December 31, 2013, the Company's goodwill consists of the following:
	Gross Carrying Value		Accumulated Amortization		Accumulated Impairment		Net Carrying Value
		868,000	$	-		-		868,000

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	(NOTE 11) – Income Taxes:
	For the six and three months ended June 30, 2014, the Company recorded $29,000 and $11,000, respectively, of state income and minimum tax expense. For the comparable periods in 2013, the Company recorded income tax expense of $46,000 and $20,000, respectively, for state income and minimum taxes. As of June 30, 2014, the Company has no material uncertain tax positions. At June 30, 2014, the Company continued to record a full valuation allowance on its net deferred tax asset.

Equity

Equity	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Equity	'
	(NOTE 12) – Equity:
	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 was permitted to purchase up to $200,000 of its common stock. The Company’s previously authorized 10b5-1 Plan was completed and is no longer in effect. Management is authorized to repurchase up to the remaining $200,000 of common stock under the $400,000 buy back program outside of the 10b5-1 Plan. Through June 30, 2014, the Company purchased a total of approximately 58,000 shares of common stock for total cash consideration of approximately $200,000 for an average price of $3.46 per share.

Consolidation_of_Operations

Consolidation of Operations	6 Months Ended
	Jun. 30, 2014
Consolidation of Operations [Abstract]	'
Consolidation of Operations	'
	(NOTE 13) – Consolidation of Operations:
	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 (“TDL Consolidation”). This decision was based on a number of factors, among them, TDL’s expiring lease in October 2014, the uneven revenue stream at TDL, the uncertainty surrounding defense spending related to budget discussions in Washington DC and the Company’s broader focus on cutting costs and promoting operating efficiencies. During the six and three months ended June 30, 2014, the Company incurred a $1,079,000 and $351,000 operating loss, respectively, from its TDL subsidiary, which included costs associated with the consolidation of its Quakertown facility including approximately $161,000 of accelerated non-cash amortization and depreciation expense during the six months ended June 30, 2014. The Company does not expect to incur additional costs related to the TDL consolidation after June 30, 2014 with the exception of some minor occupancy related costs.

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
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 accumulated 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 (loss). 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 sooner 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 basis 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. 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 on both an unconsolidated and consolidated basis depending on the respective state. The Company is subject to routine income tax audits in various jurisdictions and tax returns remain open to examination by such taxing authorities in accordance with their respective statutes.
Revenue and Cost Recognition	'
	Revenue and Cost Recognition
	The Company recognizes a substantial portion of its revenue upon the shipment of product. The Company recognizes such revenue when title and risk of loss are transferred to the customer and when: i) there is 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 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 as a single continuous statement.

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2014
Stock Based Compensation [Abstract]	'
Nonvested restricted stock activity	'
	The following table summarizes the Company's nonvested restricted stock activity for the six months ended June 30, 2014:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Nonvested stock options at January 1, 2014		139,000			3.37
	Granted		-			-
	Vested		(18,000	)		3.23
	Forfeited		(9,000	)		3.23
	Nonvested stock options at June 30, 2014		112,000			3.4
Stock option activity	'
	Stock option activity during the six months ended June 30, 2014, 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		114,000			3.08		1
	Granted		-			-		-
	Forfeited		(31,000	)		5.96		-
	Exercised		-			-		-
	Options outstanding, June 30, 2014		83,000			2		1
	Options exercisable at June 30, 2014		83,000			2		1
Nonvested stock option activity	'
	The following table summarizes the Company's nonvested stock option activity for the six months ended June 30, 2014:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Nonvested stock options at January 1, 2014		14,000			1.02
	Granted		-			-
	Vested		(14,000	)		1.02
	Forfeited		-			-
	Nonvested stock options at June 30, 2014		-			-

Net_Loss_Income_Per_Common_Sha1

Net (Loss) Income Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2014
Net (Loss) Income Per Common Share [Abstract]	'
Computation of basic and diluted net loss per common share	'
	The following table sets forth the computation of basic and diluted net (loss) income per common share:
		Six Months Ended June 30,				Three Months Ended June 30,
		2014		2013		2014		2013
	Denominator:
	Denominator for basic net (loss) income  per share - weighted-average common shares		4,376,000		4,456,000		4,373,000		4,425,000
	Effect of dilutive securities:
	Employee and directors stock options		-		21,000		-		21,000
	Unearned portion of restricted stock awards		-		14,000		-		13,000
	Denominator for diluted net (loss) income per share - weighted-average common shares and assumed conversion		4,376,000		4,491,000		4,373,000		4,459,000

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Composition of Inventories	'
	Inventories are comprised of the following:
		30-Jun-14		31-Dec-13
	Raw Materials		7,035,000		7,200,000
	Work-in-process		3,862,000		4,313,000
	Finished goods		291,000		290,000
	TOTAL		11,188,000		11,803,000

Marketable_Securities_Tables

Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2014
Marketable Securities [Abstract]	'
Available-for-sale marketable securities	'
	The following is a summary of the Company’s available-for-sale marketable securities at June 30, 2014 and December 31, 2013:
		Amortized Cost		Fair Value		Unrealized Holding Gain (loss)
	June 30, 2014
	Corporate Bonds		251,000		252,000		1,000
	December 31, 2013
	Corporate Bonds		250,000		243,000		(7,000	)

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2014
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 June 30, 2014 and December 31, 2013, of assets measured at fair value on a recurring basis by level within the hierarchy.
	30-Jun-14	Total		Level 1		Level 2		Level 3
	Corporate Bonds		252,000		252,000		-		-
	31-Dec-13	Total		Level 1		Level 2		Level 3
	Corporate Bonds		243,000		243,000		-		-

Business_Segments_Tables

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2014
Business Segments [Abstract]	'
Schedule of segment reporting information	'
	The following is the Company’s business segment information for the six and three month periods ended June 30, 2014 and 2013:
		Six Months Ended June 30,						Three Months Ended June 30,
		2014			2013			2014			2013
	Net sales:
	Electronics
	Domestic		5,179,000			6,009,000			2,412,000			3,172,000
	Foreign		389,000			495,000			252,000			144,000
	Total Electronics		5,568,000			6,504,000			2,664,000			3,316,000
	Power Group
	Domestic		4,732,000			5,907,000			2,679,000			2,835,000
	Foreign		103,000			531,000			53,000			331,000
	Total Power Group		4,835,000			6,438,000			2,732,000			3,166,000
	Intersegment sales		-			(20,000	)		-			(7,000	)
	Total		10,403,000			12,922,000			5,396,000			6,475,000
	Income (loss) before income tax provision
	Electronics Group		(1,076,000	)		(580,000	)		(333,000	)		(113,000	)
	Power Group		440,000			1,291,000			441,000			557,000
	General corporate expenses not allocated		(554,000	)		(609,000	)		(255,000	)		(302,000	)
	Interest expense		(21,000	)		(32,000	)		(10,000	)		(15,000	)
	Investment and other income (expense), net		7,000			5,000			(3,000	)		2,000
	(Loss) income before income tax provision		(1,204,000	)		75,000			(160,000	)		129,000

Goodwill_Tables

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2014
Goodwill [Abstract]	'
Schedule of goodwill	'
	As of June 30, 2014 and December 31, 2013, the Company's goodwill consists of the following:
	Gross Carrying Value		Accumulated Amortization		Accumulated Impairment		Net Carrying Value
		868,000	$	-		-		868,000

Basis_of_Presentation_and_Summ2

Basis of Presentation and Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2014
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		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Share-based compensation expense	$26,000	$28,000	$52,000	$56,000	'
Number of Shares [Roll Forward]	'	'	'	'	'
Options outstanding at beginning of year (in shares)	'	'	114,000	'	'
Granted (in shares)	'	'	0	'	'
Forfeited (in shares)	'	'	-31,000	'	'
Exercised (in shares)	'	'	0	'	'
Options outstanding at end of year (in shares)	83,000	'	83,000	'	114,000
Options exercisable at end of year (in shares)	83,000	'	83,000	'	'
Weighted Average Exercise Price [Roll Forward]	'	'	'	'	'
Options outstanding at beginning of year (in dollars per share)	'	'	$3.08	'	'
Granted (in dollars per share)	'	'	$0	'	'
Forfeited (in dollars per share)	'	'	$5.96	'	'
Exercised (in dollars per share)	'	'	$0	'	'
Options outstanding at end of year (in dollars per share)	$2	'	$2	'	$3.08
Options exercisable at end of year (in dollars per share)	$2	'	$2	'	'
Average Remaining Contractual Term [Abstract]	'	'	'	'	'
Options outstanding at beginning of year	'	'	'1 year	'	'1 year
Granted	'	'	'0 years	'	'
Forfeited	'	'	'0 years	'	'
Exercised	'	'	'0 years	'	'
Options outstanding at end of year	'	'	'1 year	'	'1 year
Options outstanding and exercisable at end of year	'	'	'1 year	'	'
Aggregate intrinsic value of options outstanding	79,000	115,000	79,000	115,000	'
Aggregate intrinsic value of options exercisable	79,000	96,000	79,000	96,000	'
Stock Options [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Expiration period after date of grant	'	'	'10 years	'	'
Nonvested Stock Options [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Unvested portion of restricted stock (in shares)	0	'	0	'	'
Number of Shares [Roll Forward]	'	'	'	'	'
Nonvested awards at beginning of period (in shares)	'	'	14,000	'	'
Granted (in shares)	'	'	0	'	'
Vested (in shares)	'	'	-14,000	'	'
Forfeited (in shares)	'	'	0	'	'
Nonvested awards at end of period (in shares)	0	'	0	'	'
Weighted-Average Grant-Date Fair Value [Roll Forward]	'	'	'	'	'
Nonvested awards at beginning of period (in dollars per share)	'	'	$1.02	'	'
Granted (in dollars per share)	'	'	$0	'	'
Vested (in dollars per share)	'	'	$1.02	'	'
Forfeited (in dollars per share)	'	'	$0	'	'
Nonvested awards at end of period (in dollars per share)	$0	'	$0	'	'
Restricted Stock Awards [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Vesting period for amortization of unearned compensation related to nonvested awards	'	'	'6 years	'	'
Unearned compensation cost associated with restricted stock awards	$319,000	'	$319,000	'	'
Unvested portion of restricted stock (in shares)	112,000	149,000	112,000	149,000	'
Number of Shares [Roll Forward]	'	'	'	'	'
Nonvested awards at beginning of period (in shares)	'	'	139,000	'	'
Granted (in shares)	'	'	0	'	'
Vested (in shares)	'	'	-18,000	'	'
Forfeited (in shares)	'	'	-9,000	'	'
Nonvested awards at end of period (in shares)	112,000	149,000	112,000	149,000	'
Weighted-Average Grant-Date Fair Value [Roll Forward]	'	'	'	'	'
Nonvested awards at beginning of period (in dollars per share)	'	'	$3.37	'	'
Granted (in dollars per share)	'	'	$0	'	'
Vested (in dollars per share)	'	'	$3.23	'	'
Forfeited (in dollars per share)	'	'	$3.23	'	'
Nonvested awards at end of period (in dollars per share)	$3.40	'	$3.40	'	'
Restricted Stock Awards [Member] | Minimum [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Vesting period for amortization of unearned compensation related to nonvested awards	'	'	'7 years	'	'
Restricted Stock Awards [Member] | Maximum [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Vesting period for amortization of unearned compensation related to nonvested awards	'	'	'10 years	'	'

Debt_Details

Debt (Details) (USD $)	6 Months Ended		6 Months Ended					6 Months Ended
	Jun. 30, 2014	Nov. 06, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Nov. 15, 2012	Jun. 30, 2014	Jun. 30, 2014
			LIBOR [Member]	LIBOR [Member]	LIBOR [Member]	Line of Credit [Member]	Line of Credit [Member]	Line of Credit [Member]	Line of Credit [Member]
			Maturity Period of Libor 1 [Member]	Maturity Period of Libor 2 [Member]	Maturity Period of Libor 3 [Member]			Prime Rate [Member]	LIBOR [Member]
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'
Borrowing capacity under line of credit facility	'	'	'	'	'	'	$6,000,000	'	'
Common stock authorized to be repurchased	'	400,000	'	'	'	400,000	'	'	'
Date of maturity of loan	'	'	'	'	'	1-Jul-15	'	'	'
Description of variable rate basis	'	'	'	'	'	'	'	'prime lending rate	'LIBOR
Variable interest rate (in hundredths)	'	'	'	'	'	'	'	3.25%	2.00%
Maturity period of loan	'	'	'30 days	'60 days	'90 days	'	'	'	'
Outstanding borrowings under line of credit facility	'	'	'	'	'	1,885,000	'	'	'
Interest rate (in hundredths)	'	'	'	'	'	2.15%	'	'	'
Minimum liquidity requirement for borrowing base	3,000,000	'	'	'	'	'	'	'	'
Minimum consolidated tangible net worth required to be maintained	$13,500,000	'	'	'	'	'	'	'	'

Net_Loss_Income_Per_Common_Sha2

Net (Loss) Income Per Common Share (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Denominator [Abstract]	'	'	'	'
Denominator for basic net (loss) income per share - weighted-average common shares (in shares)	4,373,000	4,425,000	4,376,000	4,456,000
Effect of dilutive securities [Abstract]	'	'	'	'
Employee and director stock options (in shares)	0	21,000	0	21,000
Unearned portion of restricted stock awards (in shares)	0	13,000	0	14,000
Denominator for diluted net (loss) income per share - weighted-average common shares and assumed conversion (in shares)	4,373,000	4,459,000	4,376,000	4,491,000
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)	'	'	83,000	'
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)	'	'	112,000	149,000

Inventories_Details

Inventories (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Components of Inventories [Abstract]	'	'
Raw Materials	$7,035,000	$7,200,000
Work-in-process	3,862,000	4,313,000
Finished goods	291,000	290,000
TOTAL	$11,188,000	$11,803,000

Marketable_Securities_Details

Marketable Securities (Details) (Corporate Bonds [Member], USD $)	Jun. 30, 2014	Dec. 31, 2013
Corporate Bonds [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Adjusted Cost	$251,000	$250,000
Fair Value	252,000	243,000
Unrealized Holding Gain (loss)	$1,000	($7,000)

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (Recurring [Member], USD $)	Jun. 30, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Corporate Bonds	$252,000	$243,000
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Corporate Bonds	252,000	243,000
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		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
			Segment
Business Segments [Abstract]	'	'	'	'
Number of business segments	'	'	2	'
Business segment information [Abstract]	'	'	'	'
Net sales	$5,396,000	$6,475,000	$10,403,000	$12,922,000
Income (Loss) before income tax provision:	'	'	'	'
Income (loss) before income tax provision	-160,000	129,000	-1,204,000	75,000
Interest expense	-10,000	-15,000	-21,000	-32,000
Investment and other income (expense), net	-3,000	2,000	7,000	5,000
General Corporate Not Allocated [Member]	'	'	'	'
Income (Loss) before income tax provision:	'	'	'	'
Income (loss) before income tax provision	-255,000	-302,000	-554,000	-609,000
Reportable Segments [Member] | Electronics Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	2,664,000	3,316,000	5,568,000	6,504,000
Income (Loss) before income tax provision:	'	'	'	'
Income (loss) before income tax provision	-333,000	-113,000	-1,076,000	-580,000
Reportable Segments [Member] | Power Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	2,732,000	3,166,000	4,835,000	6,438,000
Income (Loss) before income tax provision:	'	'	'	'
Income (loss) before income tax provision	441,000	557,000	440,000	1,291,000
Intersegment sales [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	0	-7,000	0	-20,000
Domestic [Member] | Reportable Segments [Member] | Electronics Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	2,412,000	3,172,000	5,179,000	6,009,000
Domestic [Member] | Reportable Segments [Member] | Power Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	2,679,000	2,835,000	4,732,000	5,907,000
Foreign [Member] | Reportable Segments [Member] | Electronics Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	252,000	144,000	389,000	495,000
Foreign [Member] | Reportable Segments [Member] | Power Group [Member]	'	'	'	'
Business segment information [Abstract]	'	'	'	'
Net sales	$53,000	$331,000	$103,000	$531,000

Goodwill_Details

Goodwill (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Goodwill [Abstract]	'	'
Gross Carrying Value	$868,000	$868,000
Accumulated Amortization	0	0
Accumulated Impairment	0	0
Net Carrying Value	$868,000	$868,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Abstract]	'	'	'	'
State income and federal minimum tax expense	$11,000	$20,000	$29,000	$46,000
Material uncertain tax positions	$0	'	$0	'

Equity_Details

Equity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Nov. 06, 2013
Equity [Abstract]	'	'
Common stock authorized to be repurchased	'	$400,000
Repurchase of Equity [Member]	'	'
Equity, Class Of Treasury Stock [Line Items]	'	'
Common stock repurchased (in shares)	58,000	'
Payments for repurchase of common stock	200,000	'
Average purchase price of common stock repurchased (in dollars per share)	$3.46	'
Common stock authorized to be repurchased through plan, maximum	'	200,000
Common stock authorized to be repurchased outside the plan, maximum	'	$200,000

Consolidation_of_Operations_De

Consolidation of Operations (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Operating loss	($160,000)	$129,000	($1,204,000)	$75,000
TDL [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Operating loss	351,000	'	1,079,000	'
Accelerated non-cash amortization expense on leasehold improvements	'	'	$161,000	'