Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 12-May-14 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'DIGITAL POWER CORP | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 6,838,848 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000896493 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Consolidated_Balance_Sheets_Cu
Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $1,665 | $1,696 |
Trade receivables (net of allowance for doubtful accounts of $ 146 as of March 31, 2014 and December 31, 2013, respectively) | 1,493 | 2,157 |
Prepaid expenses and other accounts receivable | 205 | 167 |
Inventories (Note 3) | 1,698 | 1,751 |
Total current assets | 5,061 | 5,771 |
PROPERTY AND EQUIPMENT, NET | 605 | 616 |
INTANGIBLE ASSET, NET | 147 | 171 |
INVESTMENT IN TELKOOR | 410 | 406 |
LONG-TERM DEPOSITS | 13 | 13 |
Total assets | 6,236 | 6,977 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable | 841 | 1,109 |
Trade payables - related parties | 65 | 248 |
Advances from customers and deferred revenue | ' | 128 |
Other current liabilities | 441 | 445 |
Total current liabilities | 1,347 | 1,930 |
Share capital - | ' | ' |
Series A Redeemable Convertible Preferred shares, no par value - 500,000 shares authorized; 0 shares issued and outstanding at March 31, 2014 and December 31, 2013 | 0 | 0 |
Preferred shares, no par value - 1,500,000 shares authorized; 0 shares issued and outstanding at March 31, 2014 and December 31, 2013 | 0 | 0 |
Common shares, no par value - 30,000,000 shares authorized; 6,799,100 and 6,853,161 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively | 0 | 0 |
Additional paid-in capital | 14,565 | 14,582 |
Accumulated deficit | -9,440 | -9,282 |
Accumulated other comprehensive loss | -236 | -253 |
Total shareholders' equity | 4,889 | 5,047 |
Total liabilities and shareholders' equity | $6,236 | $6,977 |
Consolidated_Balance_Sheets_Cu1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance for doubtful accounts (in Dollars) | $146 | $146 |
Series A Redeemable, par value (in Dollars per share) | $0 | $0 |
Series A Redeemable, shares authorized | 500,000 | 500,000 |
Series A Redeemable, shares issued | 0 | 0 |
Series A Redeemable, shares outstanding. | 0 | 0 |
Preferred shares, par value (in Dollars per share) | $0 | $0 |
Preferred shares, shares authorized | 1,500,000 | 1,500,000 |
Preferred shares, shares issued | 0 | 0 |
Preferred shares, shares outstanding | 0 | 0 |
Common shares, par value (in Dollars per share) | $0 | $0 |
Common shares, shares authorized | 30,000,000 | 30,000,000 |
Common shares, shares issued | 6,799,100 | 6,853,161 |
Common shares, shares outstanding | 6,799,100 | 6,853,161 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Revenues | $2,037 | $2,189 |
Cost of revenues | 1,275 | 1,361 |
Gross profit | 762 | 828 |
Operating expenses: | ' | ' |
Engineering and product development | 183 | 172 |
Selling and marketing | 312 | 267 |
General and administrative | 422 | 375 |
Total operating expenses | 917 | 814 |
Operating (loss) income | -155 | 14 |
Other income (expenses) , net | -3 | 93 |
Income (loss) before income taxes | -158 | 107 |
Net (loss) income | ($158) | $107 |
Basic net (loss) income per share (in Dollars per share) | ($0.02) | $0.02 |
Diluted net (loss) income per share (in Dollars per share) | ($0.02) | $0.02 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Net (loss) income | ($158) | $107 |
Other comprehensive income, net of tax: | ' | ' |
Change in net foreign currency translation adjustment | 17 | -181 |
Other comprehensive income (loss) | 17 | -181 |
Total comprehensive (loss): | ($141) | ($74) |
Statement_of_Changes_in_Shareh
Statement of Changes in Shareholders' Equity (Current Balance Unaudited) (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Comprehensive Income [Member] | Total |
In Thousands, except Share data | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |
Beginning Balance at Dec. 31, 2012 | ' | $14,476 | ($8,650) | ($299) | ' | $5,527 |
Beginning Balance (in Shares) at Dec. 31, 2012 | 6,853,161 | ' | ' | ' | ' | ' |
Stock compensation related to options granted to employees | ' | 28 | ' | ' | ' | 28 |
Stock compensation related to options granted to non-employee | ' | 9 | ' | ' | ' | 9 |
Net income (loss) | ' | ' | 107 | ' | 107 | 107 |
Foreign currency translation adjustments | ' | ' | ' | -181 | -181 | -181 |
Total comprehensive income | ' | ' | ' | ' | -74 | -74 |
Ending Balance at Mar. 31, 2013 | ' | 14,513 | -8,543 | -480 | ' | 5,490 |
Ending Balance (in Shares) at Mar. 31, 2013 | 6,853,161 | ' | ' | ' | ' | ' |
Beginning Balance at Dec. 31, 2013 | ' | 14,582 | -9,282 | -253 | ' | 5,047 |
Beginning Balance (in Shares) at Dec. 31, 2013 | 6,853,161 | ' | ' | ' | ' | ' |
Purchase of treasury stock | ' | -40 | ' | ' | ' | -40 |
Purchase of treasury stock (in Shares) | -54,061 | ' | ' | ' | ' | ' |
Stock compensation related to options granted to employees | ' | 22 | ' | ' | ' | 22 |
Stock compensation related to options granted to non-employee | ' | 1 | ' | ' | ' | 1 |
Net income (loss) | ' | ' | -158 | ' | -158 | -158 |
Foreign currency translation adjustments | ' | ' | ' | 17 | 17 | 17 |
Total comprehensive income | ' | ' | ' | ' | -141 | -141 |
Ending Balance at Mar. 31, 2014 | ' | $14,565 | ($9,440) | ($236) | ' | $4,889 |
Ending Balance (in Shares) at Mar. 31, 2014 | 6,799,100 | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Net (loss) income | ($158) | $107 |
Adjustments required to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation | 35 | 25 |
Amortization of intangible asset | 26 | 24 |
Stock compensation related to options granted to Telkoor's employees and other non-employee consultant | 1 | 9 |
Decrease (increase) in trade receivables, net | 669 | -686 |
Increase in prepaid expenses and other accounts receivable | -37 | -43 |
Decrease in inventories | 63 | 141 |
Increase (decrease) in accounts payable and related parties- trade payables | -452 | 252 |
Increase (decrease) in deferred revenues and other current liabilities | -136 | 2 |
Net cash provided (used) by operating activities | 33 | -141 |
Purchase of property and equipment | -38 | -50 |
Proceeds from sales of property and equipment | 16 | ' |
Net cash used in investing activities | -22 | -50 |
Purchase of treasury stock | -40 | ' |
Net cash used in financing activities | -40 | ' |
Effect of exchange rate changes on cash and cash equivalents | -2 | -43 |
Decrease in cash and cash equivalents | -31 | -234 |
Cash and cash equivalents at the beginning of the period | 1,696 | 1,821 |
Cash and cash equivalents at the end of the period | 1,665 | 1,587 |
Employees (Member) | ' | ' |
Adjustments required to reconcile net income to net cash provided by operating activities: | ' | ' |
Stock compensation related to options granted to employees | $22 | $28 |
Note_1_General
Note 1 - General | 3 Months Ended | ||
Mar. 31, 2014 | |||
Disclosure Text Block [Abstract] | ' | ||
Business Description and Basis of Presentation [Text Block] | ' | ||
NOTE 1:- GENERAL | |||
a. | Digital Power Corporation (the "Company" or "DPC") was incorporated in 1969, under the General Corporation Law of the State of California. The Company and Digital Power Limited ("DPL"), a wholly owned subsidiary located in the United Kingdom, are currently engaged in the design, manufacture and sale of switching power supplies and converters. The Company has two reportable geographic segments - North America (sales through DPC) and Europe (sales through DPL). | ||
b. | The Company depends on Telkoor Telecom Ltd. ("Telkoor"), a major shareholder of the Company and one of DPC's third party subcontractors, for manufacturing capabilities in production of the products which DPC sells. If these manufacturers are unable or unwilling to continue manufacturing the Company's products in required volumes on a timely basis, that could lead to loss of sales, and adversely affect the Company's operating results and cash position. The Company also depends on Telkoor's intellectual property and ability to transfer production to third party manufacturers. Failure to obtain new products in a timely manner or delay in delivery of product to customers will have an adverse effect on the Company's ability to meet its customers' expectations. In 2010, the Company purchased a specific intellectual property (IP) from Telkoor in order to reduce its dependency on Telkoor with respect to a certain line of products. | ||
Note_2_Significant_Accounting_
Note 2 - Significant Accounting Policies | 3 Months Ended | ||
Mar. 31, 2014 | |||
Accounting Policies [Abstract] | ' | ||
Significant Accounting Policies [Text Block] | ' | ||
NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES | |||
The accompanying unaudited consolidated financial statements as of March 31, 2014 and for the three months ended March 31, 2014 and 2013 are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto, together with management's discussion and analysis of the financial condition and results of operations, contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the results for the entire fiscal year ending December 31, 2014. | |||
The significant accounting policies applied in the annual financial statements of the Company as of December 31, 2013 are applied consistently in these financial statements. | |||
Note_3_Inventories
Note 3 - Inventories | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventory Disclosure [Text Block] | ' | ||||||||
NOTE 3:- INVENTORIES | |||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Unaudited | |||||||||
Raw materials, parts and supplies | $ | 364 | $ | 186 | |||||
Work in progress | 339 | 428 | |||||||
Finished products | 995 | 1,137 | |||||||
$ | 1,698 | $ | 1,751 | ||||||
Note_4_Accounting_for_Stockbas
Note 4 - Accounting for Stock-based Compensation | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
NOTE 4:- ACCOUNTING FOR STOCK-BASED COMPENSATION | |||||||||||||||||
a. | Share option plans: | ||||||||||||||||
1 | Under the Company's stock option plans, options may be granted to employees, officers, consultants, service providers and directors of the Company or its subsidiary. | ||||||||||||||||
2. | As of March 31, 2014, the Company has authorized according to the Incentive Share Option Plans, the grant of options to officers, management, other key employees and others of up to 1,373,000, 513,000, 240,000 and 1,519,000, respectively, for the Company's Common shares. For all four Incentive Share Option Plans, the maximum term of the options is ten years from date of grant. As of March 31, 2014, an aggregate of 1,464,630 shares of the Company's common stock are still available for future grant. | ||||||||||||||||
3. | The options granted generally become fully exercisable after four years and expire no later than 10 years from the date of the option grant. Any options that are forfeited or cancelled before expiration become available for future grants. | ||||||||||||||||
a. | Stock option plans (Cont.): | ||||||||||||||||
A summary of the Company's employee share option activity (except options to consultants and service providers) and related information is as follows: | |||||||||||||||||
Three months ended March 31, 2014 | |||||||||||||||||
Amount | Weighted | Weighted | Aggregate | ||||||||||||||
of options | average | average | intrinsic | ||||||||||||||
exercise | remaining | value *) | |||||||||||||||
price | contractual | ||||||||||||||||
term (years) | |||||||||||||||||
Outstanding at the beginning of the period | 712,763 | $ | 1.33 | 5.38 | $ | - | |||||||||||
Outstanding at the end of the period | 700,763 | $ | 1.33 | 5.17 | $ | 252 | |||||||||||
Exercisable options at the end of the period | 560,263 | $ | 1.31 | 4.74 | $ | 219 | |||||||||||
*) Calculation of aggregate intrinsic value is based on the share price of the Company's common stock as of March 31, 2014 ($ 1.68 per share). | |||||||||||||||||
Under the provisions of ASC 718, the fair value of each option is estimated on the date of grant using a Black-Scholes option valuation model that uses the assumptions such as stock price on the date of the grant, exercise price, risk-free interest rate, expected volatility, expected life and expected dividend yield of the option. Expected volatility is based exclusively on historical volatility of the entity's stock as allowed by ASC 718. The Company uses historical information with respect to the employee options exercised to estimate the expected term of options granted, representing the period of time that options granted are expected to be outstanding. The risk-free interest rate of period within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. | |||||||||||||||||
No options were granted during the first three months of 2014. | |||||||||||||||||
As of March 31, 2014, there was $ 134 of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under the stock option plans. That cost is expected to be recognized over a period of the next 1.41 years. | |||||||||||||||||
b. | Employee Stock Ownership Plan: | ||||||||||||||||
The Company has an Employee Stock Ownership Plan ("ESOP") which it is in the process of liquidating. The ESOP provides for the Employee Stock Ownership Trust ("ESOT") to distribute the Company's Common shares or cash equivalents as retirement benefits to the participants. As of March 31, 2014 the Company had repurchased and retired 64,050 shares of the 167,504 shares originally held by ESOT in exhcange for cash equivalent payments to the participants and expects to repurchase or distribute the remaining 103,454 shares to the remaining participants by June 30, 2014. | |||||||||||||||||
Note_5_Net_Earnings_Loss_Per_S
Note 5 - Net Earnings (Loss) Per Share | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
NOTE 5:- NET EARNINGS (LOSS) PER SHARE | |||||||||
The following table sets forth the computation of the basic and diluted net earnings per share: | |||||||||
1. | Numerator: | ||||||||
Three months ended | |||||||||
March 31, | |||||||||
2014 | 2013 | ||||||||
Unaudited | |||||||||
Net (loss) income available to Common shareholders | $ | (158 | ) | $ | 107 | ||||
2 | Denominator: | ||||||||
Denominator for basic net earnings per share of weighted average number of Common shares | 6,841,201 | 6,853,161 | |||||||
Effect of dilutive securities: | |||||||||
Employee stock options | 12,656 | 559 | |||||||
Denominator for diluted net earnings per Common share | 6,853,857 | 6,853,720 | |||||||
Note_6_Other_Income_Expense
Note 6 - Other Income (Expense) | 3 Months Ended |
Mar. 31, 2014 | |
Other Income and Expenses [Abstract] | ' |
Other Income and Other Expense Disclosure [Text Block] | ' |
NOTE 6:- OTHER INCOME (EXPENSE) | |
Other expense for the three months ended March 31, 2014 relates to foreign exchange losses. Other income for the three months ended March 31, 2013 includes a dividend of $63 received from Telkoor and foreign exchange gains. |
Note_7_Segment_Major_Customers
Note 7 - Segment, Major Customers and Geographic Information | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
NOTE 7:- SEGMENTS, MAJOR CUSTOMERS AND GEOGRAPHIC INFORMATION | |||||||||||||||||
The Company has two reportable geographic segments (see Note 1 for a brief description of the Company's business). | |||||||||||||||||
The following data presents the revenues, expenditures and other operating data of the Company's geographic operating segments in accordance with ASC 218 (formerly SFAS No. 131) "Segment Reporting" ("ASC 218"). | |||||||||||||||||
Three months ended March 31, 2014 (unaudited) | |||||||||||||||||
DPC | DPL | Eliminations | Total | ||||||||||||||
Revenues | $ | 1,166 | $ | 871 | $ | - | $ | 2,037 | |||||||||
Intersegment revenues | 7 | - | (7 | ) | - | ||||||||||||
Total revenues | $ | 1,173 | $ | 871 | $ | (7 | ) | $ | 2,037 | ||||||||
Depreciation and amortization expense | $ | 16 | $ | 45 | $ | - | $ | 61 | |||||||||
Operating loss | $ | (148 | ) | $ | (7 | ) | $ | - | $ | (155 | ) | ||||||
Other expense, net | (3 | ) | |||||||||||||||
Tax expense | - | ||||||||||||||||
Net loss | $ | (148 | ) | $ | (10 | ) | $ | - | $ | (158 | ) | ||||||
Expenditures for segment assets, net of retirements, as of March 31, 2014 | $ | 38 | $ | (16 | ) | $ | - | $ | 22 | ||||||||
Total assets as of March 31, 2014 | $ | 3,416 | $ | 2,820 | $ | - | $ | 6,236 | |||||||||
Three months ended March 31, 2013 (unaudited) | |||||||||||||||||
DPC | DPL | Eliminations | Total | ||||||||||||||
Revenues | $ | 1,132 | $ | 1,057 | $ | - | $ | 2,189 | |||||||||
Intersegment revenues | 38 | - | (38 | ) | - | ||||||||||||
Total revenues | $ | 1,170 | $ | 1,057 | $ | (38 | ) | $ | 2,189 | ||||||||
Depreciation and amortization expense | $ | 8 | $ | 40 | $ | - | $ | 48 | |||||||||
Operating income | $ | - | $ | 14 | $ | - | $ | 14 | |||||||||
Other income, net | 93 | ||||||||||||||||
Tax expense | - | ||||||||||||||||
Net income | $ | - | $ | 107 | $ | - | $ | 107 | |||||||||
Expenditures for segment assets, net as of March 31, 2013 | $ | 33 | $ | 17 | $ | - | $ | 50 | |||||||||
Total assets as of March 31, 2013 | $ | 3,887 | $ | 3,228 | $ | - | $ | 7,115 | |||||||||
Note_3_Inventories_Tables
Note 3 - Inventories (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Schedule of Inventory, Current [Table Text Block] | ' | ||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Unaudited | |||||||||
Raw materials, parts and supplies | $ | 364 | $ | 186 | |||||
Work in progress | 339 | 428 | |||||||
Finished products | 995 | 1,137 | |||||||
$ | 1,698 | $ | 1,751 |
Note_4_Accounting_for_Stockbas1
Note 4 - Accounting for Stock-based Compensation (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
Three months ended March 31, 2014 | |||||||||||||||||
Amount | Weighted | Weighted | Aggregate | ||||||||||||||
of options | average | average | intrinsic | ||||||||||||||
exercise | remaining | value *) | |||||||||||||||
price | contractual | ||||||||||||||||
term (years) | |||||||||||||||||
Outstanding at the beginning of the period | 712,763 | $ | 1.33 | 5.38 | $ | - | |||||||||||
Outstanding at the end of the period | 700,763 | $ | 1.33 | 5.17 | $ | 252 | |||||||||||
Exercisable options at the end of the period | 560,263 | $ | 1.31 | 4.74 | $ | 219 |
Note_5_Net_Earnings_Loss_Per_S1
Note 5 - Net Earnings (Loss) Per Share (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||
Three months ended | |||||||||
March 31, | |||||||||
2014 | 2013 | ||||||||
Unaudited | |||||||||
Net (loss) income available to Common shareholders | $ | (158 | ) | $ | 107 | ||||
Denominator for basic net earnings per share of weighted average number of Common shares | 6,841,201 | 6,853,161 | |||||||
Effect of dilutive securities: | |||||||||
Employee stock options | 12,656 | 559 | |||||||
Denominator for diluted net earnings per Common share | 6,853,857 | 6,853,720 |
Note_7_Segment_Major_Customers1
Note 7 - Segment, Major Customers and Geographic Information (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||
Three months ended March 31, 2014 (unaudited) | |||||||||||||||||
DPC | DPL | Eliminations | Total | ||||||||||||||
Revenues | $ | 1,166 | $ | 871 | $ | - | $ | 2,037 | |||||||||
Intersegment revenues | 7 | - | (7 | ) | - | ||||||||||||
Total revenues | $ | 1,173 | $ | 871 | $ | (7 | ) | $ | 2,037 | ||||||||
Depreciation and amortization expense | $ | 16 | $ | 45 | $ | - | $ | 61 | |||||||||
Operating loss | $ | (148 | ) | $ | (7 | ) | $ | - | $ | (155 | ) | ||||||
Other expense, net | (3 | ) | |||||||||||||||
Tax expense | - | ||||||||||||||||
Net loss | $ | (148 | ) | $ | (10 | ) | $ | - | $ | (158 | ) | ||||||
Expenditures for segment assets, net of retirements, as of March 31, 2014 | $ | 38 | $ | (16 | ) | $ | - | $ | 22 | ||||||||
Total assets as of March 31, 2014 | $ | 3,416 | $ | 2,820 | $ | - | $ | 6,236 | |||||||||
Three months ended March 31, 2013 (unaudited) | |||||||||||||||||
DPC | DPL | Eliminations | Total | ||||||||||||||
Revenues | $ | 1,132 | $ | 1,057 | $ | - | $ | 2,189 | |||||||||
Intersegment revenues | 38 | - | (38 | ) | - | ||||||||||||
Total revenues | $ | 1,170 | $ | 1,057 | $ | (38 | ) | $ | 2,189 | ||||||||
Depreciation and amortization expense | $ | 8 | $ | 40 | $ | - | $ | 48 | |||||||||
Operating income | $ | - | $ | 14 | $ | - | $ | 14 | |||||||||
Other income, net | 93 | ||||||||||||||||
Tax expense | - | ||||||||||||||||
Net income | $ | - | $ | 107 | $ | - | $ | 107 | |||||||||
Expenditures for segment assets, net as of March 31, 2013 | $ | 33 | $ | 17 | $ | - | $ | 50 | |||||||||
Total assets as of March 31, 2013 | $ | 3,887 | $ | 3,228 | $ | - | $ | 7,115 |
Note_1_General_Details
Note 1 - General (Details) | 3 Months Ended |
Mar. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Number of Reportable Segments | 2 |
Note_3_Inventories_Details_Inv
Note 3 - Inventories (Details) - Inventories (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventories [Abstract] | ' | ' |
Raw materials, parts and supplies | $364 | $186 |
Work in progress | 339 | 428 |
Finished products | 995 | 1,137 |
$1,698 | $1,751 |
Note_4_Accounting_for_Stockbas2
Note 4 - Accounting for Stock-based Compensation (Details) (USD $) | 3 Months Ended | 3 Months Ended | ||||||
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 |
Scenario, Forecast [Member] | Officer [Member] | Management [Member] | Other Key Employees [Member] | Others [Member] | Maximum [Member] | Minimum [Member] | ||
Note 4 - Accounting for Stock-based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | ' | ' | 1,373,000 | 513,000 | 240,000 | 1,519,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | ' | ' | ' | ' | ' | ' | '10 years | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 1,464,630 | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | '4 years 270 days | ' | ' | ' | ' | ' | ' | '4 years |
Share Price (in Dollars per share) | $1.68 | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | $134 | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | '1 year 149 days | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchased and Retired During Period, Shares | 64,050 | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares | 167,504 | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchased During Period, Shares | ' | 103,454 | ' | ' | ' | ' | ' | ' |
Note_4_Accounting_for_Stockbas3
Note 4 - Accounting for Stock-based Compensation (Details) - Option Activity (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 | ||
Option Activity [Abstract] | ' | ' | ||
Amount of options | ' | 712,763 | ||
Weighted average exercise price | ' | $1.33 | ||
Weighted-average remaining contractual term | '5 years 62 days | '5 years 138 days | ||
Aggregate intrinsic value | ' | ' | [1] | |
Exercisable options at the end of the period | 560,263 | ' | ||
Exercisable options at the end of the period | $1.31 | ' | ||
Exercisable options at the end of the period | '4 years 270 days | ' | ||
Exercisable options at the end of the period | 219 | [1] | ' | |
Amount of options | 700,763 | ' | ||
Weighted average exercise price | $1.33 | ' | ||
Weighted-average remaining contractual term | '5 years 62 days | '5 years 138 days | ||
Aggregate intrinsic value | $252 | [1] | ' | |
[1] | Calculation of aggregate intrinsic value is based on the share price of the Company's common stock as of March 31, 2014 ($ 1.68 per share). |
Note_5_Net_Earnings_Loss_Per_S2
Note 5 - Net Earnings (Loss) Per Share (Details) - Computation of the Basic and Diluted Earnings per Share (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Computation of the Basic and Diluted Earnings per Share [Abstract] | ' | ' |
Net (loss) income available to Common shareholders (in Dollars) | ($158) | $107 |
Denominator for basic net earnings per share of weighted average number of Common shares | 6,841,201 | 6,853,161 |
Effect of dilutive securities: | ' | ' |
Employee stock options | 12,656 | 559 |
Denominator for diluted net earnings per Common share | 6,853,857 | 6,853,720 |
Note_6_Other_Income_Expense_De
Note 6 - Other Income (Expense) (Details) (USD $) | 3 Months Ended |
Mar. 31, 2013 | |
Other Income and Expenses [Abstract] | ' |
Proceeds from Dividends Received | $63 |
Note_7_Segment_Major_Customers2
Note 7 - Segment, Major Customers and Geographic Information (Details) | 3 Months Ended |
Mar. 31, 2014 | |
Segment Reporting [Abstract] | ' |
Number of Reportable Segments | 2 |
Note_7_Segment_Major_Customers3
Note 7 - Segment, Major Customers and Geographic Information (Details) - Segment Reporting (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | $2,037 | $2,189 |
Depreciation and amortization expense | 61 | 48 |
Operating income (loss) | -155 | 14 |
Other expense, net | -3 | 93 |
Net income (loss) | -158 | 107 |
Expenditures for segment assets | 22 | 50 |
Identifiable assets | 6,236 | 7,115 |
Intersegment Eliminations [Member] | Intersegment Revenues [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | -7 | -38 |
Intersegment Eliminations [Member] | Total Revenues [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | -7 | -38 |
DPC [Member] | Intersegment Revenues [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 7 | 38 |
DPC [Member] | Total Revenues [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 1,173 | 1,170 |
DPC [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 1,166 | 1,132 |
Depreciation and amortization expense | 16 | 8 |
Operating income (loss) | -148 | ' |
Net income (loss) | -148 | ' |
Expenditures for segment assets | 38 | 33 |
Identifiable assets | 3,416 | 3,887 |
DPL [Member] | Total Revenues [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 871 | 1,057 |
DPL [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 871 | 1,057 |
Depreciation and amortization expense | 45 | 40 |
Operating income (loss) | -7 | 14 |
Net income (loss) | -10 | 107 |
Expenditures for segment assets | -16 | 17 |
Identifiable assets | 2,820 | 3,228 |
Total Revenues [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | $2,037 | $2,189 |