v3.8.0.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 2,550	$ 3,716
Trade accounts receivable, net	4,872	3,557
Inventories, net	10,619	11,776
Other current assets	1,330	742
Total current assets	19,371	19,791
PROPERTY, PLANT AND EQUIPMENT, net	17,569	15,907
DEFERRED TAX ASSET, foreign	0	27
OTHER ASSETS	4	4
Total Assets	36,944	35,729
CURRENT LIABILITIES:
Accounts payable	1,788	2,122
Accrued expenses	1,937	1,136
Export credit refinancing facility	0	206
Current maturities of long-term debt - financial institutions	1,074	1,142
Total current liabilities	4,799	4,606
LONG-TERM DEBT - FINANCIAL INSTITUTIONS	2,525	2,725
DEFERRED TAX LIABILITY, domestic	23	127
DEFERRED TAX LIABILITY, foreign	46	0
Total liabilities	7,393	7,458
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Common stock $1.25 par value: authorized, 6,000 shares; 3,542 shares issued and outstanding at September 30, 2017 and December 31, 2016	4,426	4,426
Additional paid-in capital	30,660	30,544
Accumulated deficit	(4,930)	(4,821)
Accumulated other comprehensive loss	(605)	(1,878)
Total shareholders' equity	29,551	28,271
Total Liabilities and Shareholders' Equity	$ 36,944	$ 35,729

Refers to foreign amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed after one year (or the normal operating cycle, if longer).

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No definition available.

TOR MINERALS INTERNATIONAL INC 10-Q