| Tables/Schedules | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Tables/Schedules | |
Schedule of Doubtful Accounts | The table below represents changes in E&S's allowance for doubtful accounts receivable for the years ended December 31: | | 2016 | 2015 | | | | | | Beginning balance | $286 | $217 | | Write-off of accounts receivable | (47) | (64) | | Increase in estimated losses on accounts receivable | 20 | 133 | | Ending balance | $259 | $286 | |
Schedule of Inventory | Inventories as of December 31, were as follows: | | 2016 | 2015 | | | | | | Raw materials | $5,427 | $5,958 | | Work in process | 1,120 | 1,265 | | Finished goods | 326 | 220 | | Reserve for obsolete inventory | (3,122) | (3,371) | | Inventories, net | $3,751 | $4,072 | | | | | |
Schedule of Depreciation | The cost and estimated useful lives of property and equipment and the total accumulated depreciation and amortization were as follows as of December 31: | | Estimated | | | | | Useful Lives | 2016 | 2015 | | | | | | | Land | n/a | $2,250 | $2,250 | | Buildings and improvements | 5 - 40 years | 3,065 | 3,028 | | Manufacturing machinery and equipment | 3 - 8 years | 5,434 | 5,301 | | Office furniture and equipment | 3 - 8 years | 779 | 779 | | Total | | 11,528 | 11,358 | | Less accumulated depreciation and amortization | | (6,890) | (6,623) | | Net property and equipment | | $4,638 | $4,735 | |
Schedule of Product Warranty Reserve | The table below represents changes in E&S's warranty reserve for the years ended December 31: | | 2016 | 2015 | | | | | | Beginning balance | $127 | $125 | | Additions to warranty reserve | 227 | 149 | | Warranty costs | (231) | (147) | | Ending balance | $123 | $127 | |
Schedule of Revenues by Recognition Method Applied | The following table provides information on revenues by recognition method applied during the years: | | 2016 | 2015 | | | | | | Percentage of completion | $18,248 | $19,827 | | Completed contract | 12,845 | 13,653 | | Other | 1,851 | 1,818 | | Total sales | $32,944 | $35,298 | |
Schedule of Earnings Per Share, Basic and Diluted | Net income (loss) per common share has been computed based on the following: | | 2016 | 2015 | | | | | | Numerator | | | | Net Income (loss) | $1,743 | $(1,275) | | | | | | Denominator | | | | Weighted-average number of common shares outstanding - basic | 11,214 | 11,150 | | Incremental shares assumed for stock options | 622 | - | | Weighted-average number of common shares outstanding - dilutive | 11,836 | 11,150 | | Basic net income (loss) per common share | $0.16 | $(0.11) | | Diluted net income (loss) per common share | $0.15 | $(0.11) | | | | | |
