2016 Q4 Form 10-K Financial Statement

#000156459017005412 Filed on March 28, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2016 2015 Q4
Revenue $9.397M $37.81M $7.690M
YoY Change 22.2% -22.96% -43.84%
Cost Of Revenue $9.250M $36.80M $7.990M
YoY Change 15.77% -13.41% -41.51%
Gross Profit $150.0K $1.016M -$298.0K
YoY Change -150.34% -84.58% -905.41%
Gross Profit Margin 1.6% 2.69% -3.88%
Selling, General & Admin $1.750M $7.423M $2.470M
YoY Change -29.15% -9.05% 10.27%
% of Gross Profit 1166.67% 730.61%
Research & Development $100.0K $962.0K $270.0K
YoY Change -62.96% 25.1% 68.75%
% of Gross Profit 66.67% 94.69%
Depreciation & Amortization $220.0K $880.0K $220.0K
YoY Change 0.0% -1.12% 0.0%
% of Gross Profit 146.67% 86.61%
Operating Expenses $1.850M $8.385M $2.740M
YoY Change -32.48% -6.11% 14.64%
Operating Profit -$1.700M -$7.369M -$3.038M
YoY Change -44.04% 214.78% 29.11%
Interest Expense -$10.00K $350.0K $20.00K
YoY Change -150.0% 94.44% -50.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.710M -$7.020M -$3.020M
YoY Change -43.38% 224.25% 30.17%
Income Tax -$10.00K $40.00K $600.0K
% Of Pretax Income
Net Earnings -$1.704M -$7.060M -$3.618M
YoY Change -52.9% 172.27% 82.73%
Net Earnings / Revenue -18.13% -18.67% -47.05%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.635M -$6.788M -$3.515M
COMMON SHARES
Basic Shares Outstanding 8.336M
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.620M $1.620M $7.990M
YoY Change -79.72% -79.72% 125.07%
Cash & Equivalents $1.618M $1.620M $7.989M
Short-Term Investments
Other Short-Term Assets $6.690M $6.690M $3.130M
YoY Change 113.74% 113.74% -16.31%
Inventory $1.181M $1.180M $1.325M
Prepaid Expenses
Receivables $6.717M $6.720M $6.853M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.20M $16.20M $19.30M
YoY Change -16.06% -16.06% -12.01%
LONG-TERM ASSETS
Property, Plant & Equipment $7.298M $7.300M $7.915M
YoY Change -7.8% -7.83% -5.47%
Goodwill
YoY Change
Intangibles $527.0K $218.0K
YoY Change 141.74% -7.23%
Long-Term Investments $10.66M $10.66M $11.10M
YoY Change -3.96% -3.96% -7.88%
Other Assets $46.00K $50.00K $49.00K
YoY Change -6.12% 0.0% 716.67%
Total Long-Term Assets $19.18M $19.18M $19.29M
YoY Change -0.53% -0.57% -9.54%
TOTAL ASSETS
Total Short-Term Assets $16.20M $16.20M $19.30M
Total Long-Term Assets $19.18M $19.18M $19.29M
Total Assets $35.38M $35.38M $38.59M
YoY Change -8.3% -8.32% -10.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.800M $9.800M $4.031M
YoY Change 143.12% 143.18% -37.47%
Accrued Expenses $1.090M $1.090M $1.140M
YoY Change -4.39% -4.39% -36.31%
Deferred Revenue
YoY Change
Short-Term Debt $1.500M $1.500M $1.040M
YoY Change 44.23% 44.23%
Long-Term Debt Due $300.0K $300.0K $300.0K
YoY Change 0.0% 0.0% 35.14%
Total Short-Term Liabilities $12.90M $12.90M $8.355M
YoY Change 54.39% 54.31% -21.08%
LONG-TERM LIABILITIES
Long-Term Debt $3.900M $3.900M $4.200M
YoY Change -7.14% -7.14% 11.11%
Other Long-Term Liabilities $260.0K $260.0K $310.0K
YoY Change -16.13% -16.13% 6.9%
Total Long-Term Liabilities $4.160M $4.160M $4.510M
YoY Change -7.76% -7.76% 10.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.90M $12.90M $8.355M
Total Long-Term Liabilities $4.160M $4.160M $4.510M
Total Liabilities $19.88M $19.88M $15.92M
YoY Change 24.86% 24.87% -10.04%
SHAREHOLDERS EQUITY
Retained Earnings -$638.0K $6.775M
YoY Change -109.42% -30.28%
Common Stock $12.62M $12.04M
YoY Change 4.83% 5.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $863.0K $792.0K
YoY Change 8.96% 9.7%
Treasury Stock Shares $163.5K $131.9K
Shareholders Equity $11.12M $15.50M $18.33M
YoY Change
Total Liabilities & Shareholders Equity $35.38M $35.38M $38.59M
YoY Change -8.3% -8.32% -10.79%

Cashflow Statement

Concept 2016 Q4 2016 2015 Q4
OPERATING ACTIVITIES
Net Income -$1.704M -$7.060M -$3.618M
YoY Change -52.9% 172.27% 82.73%
Depreciation, Depletion And Amortization $220.0K $880.0K $220.0K
YoY Change 0.0% -1.12% 0.0%
Cash From Operating Activities -$1.040M -$6.600M -$1.410M
YoY Change -26.24% -378.83% -41.74%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$730.0K -$30.00K
YoY Change 433.33% 23.73% -81.25%
Acquisitions
YoY Change
Other Investing Activities $0.00 $900.0K $210.0K
YoY Change -100.0% -34.78% -34.37%
Cash From Investing Activities -$160.0K $170.0K $190.0K
YoY Change -184.21% -78.64% 26.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $71.00K
YoY Change 1.43%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K 30.00K 210.0K
YoY Change -133.33% -97.9% -93.88%
NET CHANGE
Cash From Operating Activities -1.040M -6.600M -1.410M
Cash From Investing Activities -160.0K 170.0K 190.0K
Cash From Financing Activities -70.00K 30.00K 210.0K
Net Change In Cash -1.270M -6.400M -1.010M
YoY Change 25.74% -239.43% -187.07%
FREE CASH FLOW
Cash From Operating Activities -$1.040M -$6.600M -$1.410M
Capital Expenditures -$160.0K -$730.0K -$30.00K
Free Cash Flow -$880.0K -$5.870M -$1.380M
YoY Change -36.23% -298.51% -38.94%

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-268000
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4327000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1111000
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4712000
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2367000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
309000
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
725000
CY2016 us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
589000
CY2015 us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
1170000
CY2015 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
723000
CY2015 us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
509000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
173000
CY2016 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
18000
CY2015 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
29000
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
71000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
60000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
178000
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70000
CY2016 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
75000
CY2016 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
457000
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
300000
CY2015 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4000000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
29000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1427000
CY2016 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
27000
CY2015 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
-151000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6371000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3550000
CY2016 us-gaap Interest Paid
InterestPaid
235000
CY2015 us-gaap Interest Paid
InterestPaid
159000
CY2016 us-gaap Revenue Recognition Long Term Contracts
RevenueRecognitionLongTermContracts
<div> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Net Sales Recognition </p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company reports earnings from fixed-price and modified fixed-price long-term contracts on the percentage-of-completion method. Earnings are accrued based on the ratio of costs incurred to total estimated costs. However, for our manufacturing activities, we have determined that labor incurred provides an improved measure of percentage-of-completion. Costs include direct material, direct labor, and job related overhead. Losses expected to be incurred on contracts are charged to operations in the period such losses are determined. A contract is considered complete when all costs except insignificant items have been incurred and the facility has been accepted by the customer. Net sales from non-time and material jobs of a short-term nature (typically less than one month) are recognized on the completed-contract method after considering the attributes of such contracts. This method is used because these contracts are typically completed in a short period of time and the financial position and results of operations do not vary materially from those which would result from use of the percentage-of-completion method. </p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company records net sales from its field and technical service and repair operations on a completed service basis after customer acknowledgement that the service has been completed and accepted. In addition, the Company sells certain purchased parts and products. These net sales are recorded when the product is shipped and title passes to the customer.&nbsp;&nbsp;</p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The asset, &#8220;Work-in-process,&#8221; which is included in inventories, represents the cost of labor, material, and overhead in excess of amounts billed on jobs accounted for under the completed-contract method. For contracts accounted for under the percentage-of-completion method, the asset, &#8220;Costs and estimated earnings in excess of billing on uncompleted contracts,&#8221; represents net sales recognized in excess of amounts billed and the liability, &#8220;Billings in excess of costs and estimated earnings on uncompleted contracts,&#8221; represents billings in excess of net sales recognized. Any billed net sale that has not been collected is reported as accounts receivable. The timing of when we bill our customers is generally dependent upon advance billing terms or completion of certain phases of the work.&nbsp;&nbsp;</p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On occasion, the Company enters into long-term contracts that include both a service component and a manufacturing component. The Company segments net sales, costs and gross profit related to these contracts if they meet the contract segmenting criteria in ASC 605-35, including that the terms and scope of the project clearly call for separate elements, the separate elements are often bid or negotiated by the Company separately and the total economic returns and risks of the separate elements are similar to the economic returns and risks of the overall contract. For segmented contracts, the Company recognizes net sales as if they were separate contracts over the performance periods of the individual elements. </p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Contract net sales recognition inherently involves estimation, including the contemplated level of effort to accomplish the tasks under the contract, the cost of the effort, and an ongoing assessment of progress toward completing the contract. From time to time, as part of the normal management processes, facts develop that requires revisions to estimated total cost or net sales expected. The cumulative impact of any revisions to estimates and the full impact of anticipated losses on contracts are recognized in the period in which they become known. </p></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates made by management include: </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="margin-bottom:6pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:6pt;margin-top:6pt;font-family:'Times New Roman';font-size:10pt;">(1)</p></td> <td valign="top"> <p style="margin-bottom:6pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Percentage-of-completion estimates on long-term contracts </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="margin-bottom:6pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:6pt;margin-top:6pt;font-family:'Times New Roman';font-size:10pt;">(2)</p></td> <td valign="top"> <p style="margin-bottom:6pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimates of the provision for doubtful accounts </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="margin-bottom:6pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:6pt;margin-top:6pt;font-family:'Times New Roman';font-size:10pt;">(3)</p></td> <td valign="top"> <p style="margin-bottom:6pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimated useful lives of property and equipment </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="margin-bottom:6pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:6pt;margin-top:6pt;font-family:'Times New Roman';font-size:10pt;">(4)</p></td> <td valign="top"> <p style="margin-bottom:6pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Valuation allowances related to deferred tax assets </p></td></tr></table></div></div>
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration of Market Risk and Geographic Operations </p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of trade accounts receivable. The Company&#8217;s market risk is dependent primarily on the strength of the oil and gas and energy related industries. The Company grants credit to customers and generally does not require security except in the case of certain international contracts. Procedures are in effect to monitor the credit worthiness of its customers. <font style="font-size:12pt;">&#160;</font>During 2016, one customer accounted for approximately 19% of net sales and 17% of net accounts receivable trade. During 2015, one customer accounted for approximately 14% of net sales and 3% of net accounts receivable trade.</p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company sells its products and services in domestic and international markets; however, significant portions of the Company&#8217;s sales are concentrated with customers located in the Gulf Coast region of the United States. The Gulf Coast region accounts for approximately 47% and 68% of the Company&#8217;s net sales during the years ended December&#160;31, 2016 and 2015, respectively. </p></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassification </p> <p style="margin-bottom:6pt;margin-top:6pt;margin-left:4.54%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain items are reclassified in the 2015 consolidated financial statements to conform to the 2016 presentation. Such reclassifications had no effect on the Company&#8217;s financial position, results of operations or cashflows.</p></div>
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
898000
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
371000
CY2016 aeti Nontime And Material Jobs Of Short Term Nature Duration Description
NontimeAndMaterialJobsOfShortTermNatureDurationDescription
less than one month
CY2016 aeti Number Of Customers
NumberOfCustomers
1
CY2015 aeti Number Of Customers
NumberOfCustomers
1
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
513000
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
594000
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
728000
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
791000
CY2016Q4 us-gaap Inventory Gross
InventoryGross
1241000
CY2015Q4 us-gaap Inventory Gross
InventoryGross
1385000
CY2016Q4 aeti Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
26340000
CY2015Q4 aeti Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
31197000
CY2016Q4 aeti Estimated Earnings
EstimatedEarnings
1193000
CY2015Q4 aeti Estimated Earnings
EstimatedEarnings
10506000
CY2016Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
27533000
CY2015Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
41703000
CY2016Q4 aeti Billings On Uncompleted Contracts
BillingsOnUncompletedContracts
21912000
CY2015Q4 aeti Billings On Uncompleted Contracts
BillingsOnUncompletedContracts
41030000
CY2016Q4 aeti Costs In Excess Of Billings And Billings In Excess Of Costs Current
CostsInExcessOfBillingsAndBillingsInExcessOfCostsCurrent
5621000
CY2015Q4 aeti Costs In Excess Of Billings And Billings In Excess Of Costs Current
CostsInExcessOfBillingsAndBillingsInExcessOfCostsCurrent
673000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13238000
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13384000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6074000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5603000
CY2016Q4 aeti Property Plant And Equipment Net Excluding Land
PropertyPlantAndEquipmentNetExcludingLand
7164000
CY2015Q4 aeti Property Plant And Equipment Net Excluding Land
PropertyPlantAndEquipmentNetExcludingLand
7781000
CY2016Q4 us-gaap Land
Land
134000
CY2015Q4 us-gaap Land
Land
134000
CY2016 us-gaap Depreciation
Depreciation
880000
CY2015 us-gaap Depreciation
Depreciation
890000
CY2016 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
530000
CY2015 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
740000
CY2015Q4 aeti Investments In Foreign Joint Ventures
InvestmentsInForeignJointVentures
2047000
CY2016 aeti Income Loss From Equity Method Investments In Undistributed Earnings
IncomeLossFromEquityMethodInvestmentsInUndistributedEarnings
801000
CY2015 aeti Income Loss From Equity Method Investments In Undistributed Earnings
IncomeLossFromEquityMethodInvestmentsInUndistributedEarnings
741000
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
589000
CY2015 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1169000
CY2016Q4 aeti Undistributed Earnings Basic And Diluted
UndistributedEarningsBasicAndDiluted
8299000
CY2015Q4 aeti Foreign Currency Translation
ForeignCurrencyTranslation
970000
CY2014Q4 aeti Foreign Currency Translation
ForeignCurrencyTranslation
1492000
CY2016 aeti Equity Method Investment Translation Adjustment
EquityMethodInvestmentTranslationAdjustment
-653000
CY2015 aeti Equity Method Investment Translation Adjustment
EquityMethodInvestmentTranslationAdjustment
-522000
CY2016Q4 aeti Foreign Currency Translation
ForeignCurrencyTranslation
317000
CY2016 aeti Income Loss Before Income Taxes And Preferred Dividend Domestic
IncomeLossBeforeIncomeTaxesAndPreferredDividendDomestic
-7545000
CY2015 aeti Income Loss Before Income Taxes And Preferred Dividend Domestic
IncomeLossBeforeIncomeTaxesAndPreferredDividendDomestic
-2906000
CY2016 aeti Income Loss Before Income Taxes And Preferred Dividend Foreign
IncomeLossBeforeIncomeTaxesAndPreferredDividendForeign
529000
CY2015 aeti Income Loss Before Income Taxes And Preferred Dividend Foreign
IncomeLossBeforeIncomeTaxesAndPreferredDividendForeign
741000
CY2016 aeti Income Loss Before Income Taxes And Preferred Dividend
IncomeLossBeforeIncomeTaxesAndPreferredDividend
-7016000
CY2015 aeti Income Loss Before Income Taxes And Preferred Dividend
IncomeLossBeforeIncomeTaxesAndPreferredDividend
-2165000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
443000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
119000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
131000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
119000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
574000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-24000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-114000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-51000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-32000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-75000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-146000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
15000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
22000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1113000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
936000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
101000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
73000
CY2016Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
83000
CY2015Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
73000
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6528000
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4137000
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
143000
CY2015Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
123000
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
3297000
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
3226000
CY2016Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
11280000
CY2015Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
8590000
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
11280000
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
8590000
CY2016Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
2824000
CY2015Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
2755000
CY2015Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
309000
CY2016Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
14104000
CY2015Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
11654000
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
17300000
CY2016 aeti Income Tax Examination Deferred Income Tax Asset Decreased
IncomeTaxExaminationDeferredIncomeTaxAssetDecreased
14000000
CY2016 us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2008
CY2016 aeti Annual Net Operating Loss Carry Forward Limitation Expiration Year
AnnualNetOperatingLossCarryForwardLimitationExpirationYear
2027
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2385000
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-736000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-51000
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-32000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
11000
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
16000
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-140000
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-269000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
204000
CY2016 aeti Income Tax Reconciliation Accrual To Return Adjustments And Other
IncomeTaxReconciliationAccrualToReturnAdjustmentsAndOther
-81000
CY2015 aeti Income Tax Reconciliation Accrual To Return Adjustments And Other
IncomeTaxReconciliationAccrualToReturnAdjustmentsAndOther
653000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-3618000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
631000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
438000
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2690000
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.02
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.06
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
796000
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
5700000
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
5543000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1800000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
300000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
300000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3300000
CY2013Q4 aeti Area Of Leased Office Space
AreaOfLeasedOfficeSpace
13000
CY2014Q1 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P64M
CY2016 aeti Lease Expiration Year
LeaseExpirationYear
2021
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
680000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
698000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
241000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
215000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2223000
CY2016 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
8142
CY2015 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
5668
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
930000
CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1000000
CY2012Q2 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
5000000
CY2016Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
325000
CY2016 invest Investment Warrants Expiration Date
InvestmentWarrantsExpirationDate
2020-05-02
CY2016Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
840000
CY2015 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
50000
CY2016 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
50000
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2016 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
8298000
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
11444000
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
8673000
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
9397000
CY2016Q1 us-gaap Gross Profit
GrossProfit
91000
CY2016Q2 us-gaap Gross Profit
GrossProfit
1226000
CY2016Q3 us-gaap Gross Profit
GrossProfit
-451000
CY2016Q4 us-gaap Gross Profit
GrossProfit
150000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-2883000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
151000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-2624000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-1704000
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.36
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.01
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.33
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.21
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.89
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
15311000
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
12302000
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
13780000
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
7690000
CY2015Q1 us-gaap Gross Profit
GrossProfit
2283000
CY2015Q2 us-gaap Gross Profit
GrossProfit
2044000
CY2015Q3 us-gaap Gross Profit
GrossProfit
2561000
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.01
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.45
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.36
CY2015Q4 us-gaap Gross Profit
GrossProfit
-298000

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