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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 1,265,387 $ 725,524
Certificates of deposit 5,220,000 6,380,000
Accounts receivable, net 5,046,474 [1] 4,017,081 [1]
Inventories, net 4,895,737 4,310,154
Deferred tax assets 388,191 394,191
Prepaid income taxes   72,249
Other current assets 291,186 280,768
Total current assets 17,106,975 16,179,967
Property, Plant and Equipment:    
Land 923,587 936,312
Land improvements 314,563 314,563
Buildings and improvements 6,021,895 6,354,014
Production equipment and other 28,110,112 28,019,687
Property, Plant and Equipment Gross 35,370,157 35,624,576
Less accumulated depreciation 27,865,877 28,145,698
Net property, plant and equipment 7,504,280 7,478,878
Total assets 24,611,255 23,658,845
Current Liabilities:    
Accounts payable 1,008,502 748,781
Accrued wages and salaries 619,181 405,604
Other accrued expenses 368,520 312,123
Unearned revenue and customer deposits 94,742 84,698
Total current liabilities 2,090,945 1,551,206
Deferred income taxes 685,275 745,275
Total liabilities 2,776,220 2,296,481
Commitments and contingencies (Note 3)    
Shareholders' Equity:    
Preferred stock   [2]   [2]
Common stock 1,138,096 [3] 1,138,096 [3]
Additional paid-in capital 447,134 447,134
Retained earnings 24,171,903 23,699,232
Treasury stock (3,922,098) [4] (3,922,098) [4]
Total shareholders' equity 21,835,035 21,362,364
Total liabilities and shareholders' equity $ 24,611,255 $ 23,658,845
[1] Net of allowance of $135,000.
[2] No par value, 500,000 shares authorized, none outstanding.
[3] $1.00 par value, 4,000,000 shares authorized, 1,138,096 shares issued, 966,132 shares outstanding.
[4] At cost, 171,964 shares.