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(the "Company" or "Winland") in accordance with accounting principles generally accepted in the United States of America for the preparation of interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (the "SEC"). Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. 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Subsequent Events</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">On May 1, 2012, the Company engaged a new real estate broker and re-listed the office and manufacturing facility for sale.&#160;&#160;The listing agreement identifies the obligations of the Company and the real estate broker.</div></div> 0 -1249000 -0.03 -0.06 0 0 -0.03 -0.06 false --12-31 2012-03-31 No No Yes Smaller Reporting Company WINLAND ELECTRONICS INC 0000749935 3701630 2012 Q1 10-Q <div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Note 10. Assets Held for Sale</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Assets held for sale consist of land and buildings and improvements related to a 58,869 square foot warehouse-assembly-office facility located on 6.16 acres in Mankato, MN (the "Facility").&#160;&#160;The Facility was built in 1994 and was previously used by the Company for manufacturing related to its EMS segment.&#160;&#160;&#160;The Company, with the assistance of a third party, estimated the market value of the Facility based on market information for comparable properties in the Mankato area.&#160;&#160;The estimated market value of the property, less expected sale costs, is in excess of the current carrying value of the property at March 31, 2012.&#160;&#160;Though no loss is expected with the final disposal of the property, significant changes in the estimate could have a material impact to the financial statements.</div></div></div> <div><div style="text-align: left; 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