Segment Reporting

3 Months Ended

Sep. 30, 2011

Segment Reporting

Segment Reporting Disclosure [Text Block]

6.  Segment Information—The Company operates in two business segments as determined by its products.  The fastener segment includes rivets, cold-formed fasteners and screw machine products.  The assembly equipment segment includes automatic rivet setting machines and parts and tools for such machines.  Information by segment is as follows:

		Assembly
	Fastener	Equipment	Other	Consolidated
Three Months Ended September 30, 2011:
Net Sales	$   6,913,898	$   907,708		$   7,821,606
Depreciation	208,054	15,352	18,420	241,826
Segment profit	715,701	257,288		972,989
Selling and administrative expenses			(511,143)	(511,143)
Interest income			9,794	9,794
Income before income taxes				471,640
Capital expenditures	273,484			273,484
Segment assets:
Accounts receivable, net	4,943,928	391,877		5,335,805
Inventories, net	4,008,132	820,805		4,828,937
Property, plant and equipment, net	5,760,757	1,112,653	662,528	7,535,938
Other assets			7,499,124	7,499,124
				25,199,804
Three Months Ended September 30, 2010:
Net sales	$  6,073,599	$   876,675		$   6,950,274
Depreciation	217,364	15,296	17,625	250,285
Segment profit	347,818	222,024		569,842
Selling and administrative expenses			(427,603)	(427,603)
Interest income			12,754	12,754
Income before income taxes				154,993
Capital expenditures	38,197	157,548	20,623	216,368
Segment assets:
Accounts receivable, net	4,304,100	375,080		4,679,180
Inventories, net	3,298,483	905,343		4,203,826
Property, plant and equipment, net	5,664,830	1,114,923	652,085	7,431,738
Other assets			8,258,744	8,258,744
				24,573,488
		Assembly
	Fastener	Equipment	Other	Consolidated
Nine Months Ended Sept. 30, 2011:
Net sales	$ 21,330,559	$  2,439,519		$ 23,770,078
Depreciation	621,002	47,106	55,260	723,368
Segment profit	2,233,530	570,065		2,803,595
Selling and administrative expenses			(1,315,224)	(1,315,224)
Interest income			32,812	32,812
Income before income taxes				1,521,183
Capital expenditures	904,761	61,265	37,729	1,003,755
Nine Months Ended Sept. 30, 2010:
Net sales	$ 19,080,342	$ 2,569,858		$ 21,650,200
Depreciation	648,866	43,694	49,545	742,105
Segment profit	1,611,299	638,220		2,249,519
Selling and administrative expenses			(1,472,711)	(1,472,711)
Interest income			39,114	39,114
Income before income taxes				815,922
Capital expenditures	189,197	157,548	20,623	367,368