$VIDE
VIDEO DISPLAY CORP

2016 Q1 Form 10-K Financial Statement

#000119312517187057 Filed on May 30, 2017

View on sec.gov

Income Statement

Concept 2016 Q1 2016 2015 Q4
Revenue $5.728M $18.37M $3.809M
YoY Change 92.6% 43.31% 7.08%
Cost Of Revenue $8.540M $16.34M $2.829M
YoY Change 162.77% 42.88% -1.87%
Gross Profit $1.222M $2.034M -$246.0K
YoY Change -536.43% 46.86% -136.5%
Gross Profit Margin 21.33% 11.07% -6.46%
Selling, General & Admin $1.520M $5.188M $1.505M
YoY Change 11.76% 5.79% 6.21%
% of Gross Profit 124.39% 255.06%
Research & Development $200.0K
YoY Change 100.0%
% of Gross Profit 9.83%
Depreciation & Amortization $90.00K $335.0K $80.00K
YoY Change 0.0% -11.38% -11.11%
% of Gross Profit 7.36% 16.47%
Operating Expenses $1.520M $5.659M $1.505M
YoY Change 10.95% 15.4% 6.21%
Operating Profit -$298.0K -$3.625M -$1.947M
YoY Change -81.94% 3.01% 162.05%
Interest Expense -$910.0K -$2.486M -$140.0K
YoY Change -161.9% -16673.33% -94.24%
% of Operating Profit
Other Income/Expense, Net $100.0K -$2.514M $22.00K
YoY Change -105.13% 103.07% -92.41%
Pretax Income -$860.0K -$6.139M -$2.062M
YoY Change -59.62% 29.05% -28.38%
Income Tax $10.00K $7.000K $0.00
% Of Pretax Income
Net Earnings -$1.072M -$6.146M -$2.139M
YoY Change -68.88% 2.55% -24.58%
Net Earnings / Revenue -18.72% -33.46% -56.16%
Basic Earnings Per Share -$0.18 -$1.04 -$0.37
Diluted Earnings Per Share -$0.18 -$1.04 -$0.37
COMMON SHARES
Basic Shares Outstanding 5.909M shares 5.894M shares
Diluted Shares Outstanding 5.910M shares 5.897M shares

Balance Sheet

Concept 2016 Q1 2016 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $640.0K $636.0K $1.060M
YoY Change -75.19% -75.33% -67.08%
Cash & Equivalents $595.0K $491.0K $306.0K
Short-Term Investments $150.0K $145.0K $750.0K
Other Short-Term Assets $3.460M $3.465M $3.230M
YoY Change 19.72% 5580.33% 11.38%
Inventory $7.216M $4.476M $4.940M
Prepaid Expenses
Receivables $1.581M $1.072M $1.539M
Other Receivables $200.0K $200.0K $180.0K
Total Short-Term Assets $9.849M $9.849M $10.96M
YoY Change -33.14% -33.14% -36.7%
LONG-TERM ASSETS
Property, Plant & Equipment $1.313M $1.296M $1.281M
YoY Change -4.23% -5.47% -9.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $54.00K $71.00K $29.00K
YoY Change 86.21% -28.28% 0.0%
Total Long-Term Assets $2.095M $2.095M $2.354M
YoY Change -32.4% -32.4% -39.95%
TOTAL ASSETS
Total Short-Term Assets $9.849M $9.849M $10.96M
Total Long-Term Assets $2.095M $2.095M $2.354M
Total Assets $11.94M $11.94M $13.31M
YoY Change -33.01% -33.01% -37.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.264M $720.0K $659.0K
YoY Change 75.8% 0.14% -4.08%
Accrued Expenses $877.0K $616.0K $579.0K
YoY Change 45.44% 2.16% 20.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $52.00K $137.0K $52.00K
YoY Change 4.0% 174.0% 4.0%
Total Short-Term Liabilities $3.053M $3.053M $3.307M
YoY Change 21.3% 21.3% 41.57%
LONG-TERM LIABILITIES
Long-Term Debt $131.0K $131.0K $144.0K
YoY Change -28.42% -28.42% -26.15%
Other Long-Term Liabilities $300.0K $300.0K $330.0K
YoY Change -28.57% -28.57% -26.67%
Total Long-Term Liabilities $131.0K $431.0K $144.0K
YoY Change -28.42% -28.52% -26.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.053M $3.053M $3.307M
Total Long-Term Liabilities $131.0K $431.0K $144.0K
Total Liabilities $3.484M $3.484M $3.781M
YoY Change 11.67% 11.67% 26.84%
SHAREHOLDERS EQUITY
Retained Earnings $17.25M $18.33M
YoY Change -26.27% -31.78%
Common Stock $7.475M $7.472M
YoY Change 0.16% 0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.27M $16.27M
YoY Change 0.72% 1.2%
Treasury Stock Shares 3.841M shares 3.842M shares
Shareholders Equity $8.460M $8.460M $9.529M
YoY Change
Total Liabilities & Shareholders Equity $11.94M $11.94M $13.31M
YoY Change -33.01% -33.01% -37.3%

Cashflow Statement

Concept 2016 Q1 2016 2015 Q4
OPERATING ACTIVITIES
Net Income -$1.072M -$6.146M -$2.139M
YoY Change -68.88% 2.55% -24.58%
Depreciation, Depletion And Amortization $90.00K $335.0K $80.00K
YoY Change 0.0% -11.38% -11.11%
Cash From Operating Activities $690.0K $1.091M -$80.00K
YoY Change -962.5% -268.89% -129.63%
INVESTING ACTIVITIES
Capital Expenditures -$70.00K $170.0K -$40.00K
YoY Change 600.0% 169.84% 300.0%
Acquisitions
YoY Change
Other Investing Activities $300.0K $3.161M $350.0K
YoY Change -88.68% -188.47% -107.87%
Cash From Investing Activities $230.0K $2.991M $310.0K
YoY Change -91.25% -182.26% -106.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $116.0K
YoY Change -96.72%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -700.0K -3.659M -380.0K
YoY Change -71.89% -483.14% -120.32%
NET CHANGE
Cash From Operating Activities 690.0K 1.091M -80.00K
Cash From Investing Activities 230.0K 2.991M 310.0K
Cash From Financing Activities -700.0K -3.659M -380.0K
Net Change In Cash 220.0K 423.0K -150.0K
YoY Change 266.67% -112.71% -93.51%
FREE CASH FLOW
Cash From Operating Activities $690.0K $1.091M -$80.00K
Capital Expenditures -$70.00K $170.0K -$40.00K
Free Cash Flow $760.0K $921.0K -$40.00K
YoY Change -1185.71% -229.9% -114.29%

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CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
21000
CY2017Q1 us-gaap Long Term Debt
LongTermDebt
131000
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
3125000
CY2017Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
834000
CY2017Q1 us-gaap Assets Current
AssetsCurrent
9533000
CY2017Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
534000
CY2017Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
99000
CY2017Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
127000
CY2017Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
703000
CY2017Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
5217000
CY2017Q1 us-gaap Inventory Gross
InventoryGross
7737000
CY2017Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
175000
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1281000
CY2017Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2712000
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
135000
CY2017Q1 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
2107000
CY2017Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
318000
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
0
CY2017Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
0
CY2017Q1 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
0
CY2017Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
100
CY2017Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1519000
CY2017Q1 us-gaap Inventory Net
InventoryNet
5838000
CY2017Q1 us-gaap Land
Land
154000
CY2017Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2771000
CY2017Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
503000
CY2017Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
3174000
CY2017Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
106000
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
0
CY2017Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
7000
CY2017Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
67000
CY2017Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
5539000
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8405000
CY2017Q1 us-gaap Short Term Investments
ShortTermInvestments
368000
CY2017Q1 us-gaap Assets
Assets
11430000
CY2017Q1 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
0
CY2017Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
0
CY2017Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
1001000
CY2006Q3 vide Share Based Compensation Arrangement By Share Based Payment Award Options Granted Percentage Of Market Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedPercentageOfMarketValue
1.10 pure
CY2006Q3 vide Sharebased Compensation Arrangement By Sharebased Payment Award Options Initial Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsInitialContractualTerm
P7Y
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69000 shares
CY2017Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
590000
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
26000
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
246000
CY2017Q1 us-gaap Treasury Stock Value
TreasuryStockValue
16268000
CY2017Q1 vide Outstanding Claims Relating To Contract Values
OutstandingClaimsRelatingToContractValues
0
CY2017Q1 vide Working Capital Net
WorkingCapitalNet
6408000
CY2017Q1 vide Deferred Tax Assets Liabilities Other Current
DeferredTaxAssetsLiabilitiesOtherCurrent
-3000
CY2017Q1 vide Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1.00 pure
CY2017Q1 vide Deferred Tax Assets Amortizable Intangibles
DeferredTaxAssetsAmortizableIntangibles
55000
CY2017Q1 vide Deferred Tax Assets Uniform Capitalization
DeferredTaxAssetsUniformCapitalization
87000
CY2017Q1 us-gaap Bankruptcy Proceedings Date Petitions For Bankruptcy Filed
BankruptcyProceedingsDatePetitionsForBankruptcyFiled
2017-02-10
CY2017Q1 us-gaap Bankruptcy Proceedings Description Of Proceedings
BankruptcyProceedingsDescriptionOfProceedings
Lexel filed for Chapter 11 bankruptcy protection in the Eastern District of Kentucky Case No.17-50240 on February 10, 2017 (the “Ch. 11 Bankruptcy”). Lexel and Alidade mediated the Ch. 11 Bankruptcy and reached a settlement on May 19, 2017 which requires Lexel to surrender possession of the Property on or before September 30, 2017.
CY2017Q1 us-gaap Bankruptcy Proceedings Court Where Petition Was Filed
BankruptcyProceedingsCourtWherePetitionWasFiled
Eastern District of Kentucky
CY2006Q2 vide Share Based Compensation Arrangement By Share Payment Option Exercisable Maximum Period
ShareBasedCompensationArrangementBySharePaymentOptionExercisableMaximumPeriod
P10Y
CY2017 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2017 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017 dei Document Type
DocumentType
10-K
CY2017 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2017 dei Entity Central Index Key
EntityCentralIndexKey
0000758743
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1166000
CY2017 dei Amendment Flag
AmendmentFlag
false
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P3Y9M18D
CY2017 dei Trading Symbol
TradingSymbol
VIDE
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5891000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5891000 shares
CY2017 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.00 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
14000 shares
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.07
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2017 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
CY2017 dei Document Period End Date
DocumentPeriodEndDate
2017-02-28
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2017 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2017 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2017 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.42 pure
CY2017 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0050 pure
CY2017 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> <b>Fiscal Year</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 8%"> All references herein to &#x201C;2017&#x201D; and &#x201C;2016&#x201D; mean the fiscal years ended February&#xA0;28, 2017 and February&#xA0;29, 2016, respectively. Unless otherwise noted, these policies and disclosures pertain to our continuing operations.</p> </div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 8%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Examples include, warranty reserves, bad debts, inventory reserves, valuations on deferred income tax assets, accounting for percentage of completion contracts and the length of product life cycles and fixed asset lives. Actual results could vary from these estimates.</p> </div>
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.018 pure
CY2017 dei Entity Registrant Name
EntityRegistrantName
VIDEO DISPLAY CORP
CY2017 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y
CY2017 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P9Y
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
4000
CY2017 us-gaap Gain Loss On Investments
GainLossOnInvestments
218000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
300000
CY2017 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
200000
CY2017 us-gaap Investment Income Net
InvestmentIncomeNet
218000
CY2017 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
19639000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-1520000
CY2017 us-gaap Notes Assumed1
NotesAssumed1
147000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-1006000
CY2017 us-gaap Interest Paid
InterestPaid
15000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-302000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1215000
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-94000
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
52000
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7000
CY2017 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-16000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20000
CY2017 us-gaap Gross Profit
GrossProfit
2739000
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
356000
CY2017 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
85000
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
148000
CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1096000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
322000
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
533000
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1006000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
105000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-987000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
20000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2017 us-gaap Depreciation
Depreciation
237000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
237000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-23000
CY2017 us-gaap Notes Reduction
NotesReduction
147000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-370000
CY2017 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-120000
CY2017 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
912000
CY2017 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1030000
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3229000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-160000
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1400000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
729000
CY2017 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
1373000
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
593000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24000
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
100000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-460000
CY2017 us-gaap Cost Of Goods Sold
CostOfGoodsSold
16900000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
19000
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
19000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
530000
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
91000
CY2017 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-160000
CY2017 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-185000
CY2017 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1000
CY2017 us-gaap Operating Expenses
OperatingExpenses
4259000
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
146000
CY2017 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
100000
CY2017 vide Production Costs That Exceeded Aggregate Estimated Cost
ProductionCostsThatExceededAggregateEstimatedCost
0
CY2017 vide Operating Lease Agreement Expiry Date
OperatingLeaseAgreementExpiryDate
2016-03-23
CY2017 vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0
CY2017 vide Operating Loss Carryforward Expiration Year
OperatingLossCarryforwardExpirationYear
2037
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1049000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-468000
CY2017 vide Provision For Inventory Reserves
ProvisionForInventoryReserves
1076000
CY2017 vide Noncash Investing And Financing Activities Imputed Interest Expense
NoncashInvestingAndFinancingActivitiesImputedInterestExpense
87000
CY2017 vide Noncash Investing And Financing Activities Imputed Interest Income
NoncashInvestingAndFinancingActivitiesImputedInterestIncome
87000
CY2017 vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
CY2017 vide Proceeds From Payments For Marginal Float
ProceedsFromPaymentsForMarginalFloat
-283000
CY2017 vide Service Period
ServicePeriod
P2Y
CY2017 vide Weighted Average Calculated Value Of Unit Granted
WeightedAverageCalculatedValueOfUnitGranted
1.06
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
83000 shares
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.04
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1091000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5910000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5909000 shares
CY2016 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.00 pure
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.06
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
71406 shares
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.04
CY2016 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.42 pure
CY2016 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0050 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10000 shares
CY2016 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
1.61
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2016 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P9Y
CY2016 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1000 shares
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
170000
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
116000
CY2016 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
-2800000
CY2016 us-gaap Investment Income Net
InvestmentIncomeNet
-2528000
CY2016 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
18369000
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-3625000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-6146000
CY2016 us-gaap Interest Paid
InterestPaid
61000
CY2016 us-gaap Gain Loss On Investments
GainLossOnInvestments
-2821000
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-2000
CY2016 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
50000
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
42000
CY2016 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
86000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-725000
CY2016 us-gaap Gross Profit
GrossProfit
2034000
CY2016 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
200000
CY2016 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
196000
CY2016 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
7475000
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
200000
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
5000
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2514000
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6146000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
44000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6139000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
53000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2016 us-gaap Depreciation
Depreciation
220000
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
335000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
2991000
CY2016 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
285000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
12000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7000
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-863000
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-120000
CY2016 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
32000
CY2016 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1039000
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4149000
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
471000
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-65000
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1500000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3659000
CY2016 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
10636000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17000
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
200000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
88000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
423000
CY2016 us-gaap Cost Of Goods Sold
CostOfGoodsSold
16335000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7000
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7000
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
791000
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-326000
CY2016 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
160000
CY2016 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
603000
CY2016 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
731000
CY2016 us-gaap Operating Expenses
OperatingExpenses
5659000
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
171000
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
100000
CY2016 vide Production Costs That Exceeded Aggregate Estimated Cost
ProductionCostsThatExceededAggregateEstimatedCost
0
CY2016 vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0
CY2016 vide Provision For Inventory Reserves
ProvisionForInventoryReserves
916000
CY2016 vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
CY2016 vide Proceeds From Payments For Marginal Float
ProceedsFromPaymentsForMarginalFloat
-3610000
CY2016 vide Impairment Of Note Receivables
ImpairmentOfNoteReceivables
228000
CY2016 vide Service Period
ServicePeriod
P2Y
CY2016 vide Weighted Average Calculated Value Of Unit Granted
WeightedAverageCalculatedValueOfUnitGranted
1.06
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2017Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6998000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-192000
CY2017Q1 us-gaap Gross Profit
GrossProfit
835000
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5376000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-1366000
CY2015Q3 us-gaap Gross Profit
GrossProfit
983000
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2016Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5299000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-45000
CY2016Q4 us-gaap Gross Profit
GrossProfit
898000
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2016Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5728000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-1072000
CY2016Q1 us-gaap Gross Profit
GrossProfit
1222000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3456000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-1569000
CY2015Q2 us-gaap Gross Profit
GrossProfit
75000
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2015Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3809000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-2139000
CY2015Q4 us-gaap Gross Profit
GrossProfit
-246000
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3710000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-391000
CY2016Q2 us-gaap Gross Profit
GrossProfit
416000
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3632000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-378000
CY2016Q3 us-gaap Gross Profit
GrossProfit
590000

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