Quarterly report pursuant to Section 13 or 15(d)

Note 2 - ASC 606 Revenue From Contracts With Customers (Tables)

v3.10.0.1
Note 2 - ASC 606 Revenue From Contracts With Customers (Tables)
9 Months Ended
Sep. 30, 2018
Notes Tables  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
   
Balance at
December 31, 2017
   
Adjustments Due to
ASC 606
   
Balance at
January 1, 2018
 
                         
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Inventories
  $
22,363
    $
(3,414
)   $
18,949
 
Unbilled contract assets
   
     
3,734
     
3,734
 
                         
Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
  $
19,074
    $
320
    $
19,394
 
   
Balances
Without
Adoption of
ASC 606
   
Effect of
Change
   
As Reported
 
                         
                         
Unbilled contract assets
  $
    $
8,503
    $
8,503
 
Inventories
   
36,294
     
(7,922
)
   
28,372
 
                         
Total shareholders’ equity
   
32,814
     
581
     
33,395
 
   
Without
Adoption of
ASC 606
   
Impact of change
   
As reported
 
                         
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
  $
52,008
    $
1,669
    $
53,677
 
                         
Cost of sales
   
46,882
     
1,558
     
48,440
 
Gross profit
   
5,126
     
111
     
5,237
 
Income tax expense
   
145
     
     
145
 
Net income
   
753
     
111
     
864
 
   
Without
Adoption of ASC
606
   
Impact of
change
   
As reported
 
                         
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
   
130,533
    $
4,743
    $
135,276
 
                         
Cost of sales
   
117,398
     
4,508
     
121,906
 
Gross profit
   
13,135
     
235
     
13,370
 
Income tax expense
   
405
     
     
405
 
Net income
   
540
     
235
     
775