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Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 392,810 $ 704,345
Certificates of deposit 7,088,000 5,880,000
Accounts receivable, net 4,577,932 [1] 4,398,426 [2]
Inventories, net 4,936,372 5,212,040
Deferred tax assets 416,191 420,191
Other current assets 422,332 347,737
Total current assets 17,833,637 16,962,739
Property, Plant and Equipment:    
Land 923,587 923,587
Land improvements 314,563 314,563
Buildings and improvements 6,244,064 6,169,545
Production equipment and other 29,495,765 28,785,896
Property, Plant and Equipment Gross 36,977,979 36,193,591
Less accumulated depreciation 28,900,113 28,298,066
Net property, plant and equipment 8,077,866 7,895,525
Total assets 25,911,503 24,858,264
Current Liabilities:    
Accounts payable 1,003,647 968,266
Accrued wages and salaries 409,695 374,964
Other accrued expenses 460,245 453,594
Unearned revenue and customer deposits 84,905 151,652
Total current liabilities 1,958,492 1,948,476
Deferred income taxes 952,275 785,275
Total liabilities 2,910,767 2,733,751
Shareholders' Equity:    
Preferred stock    [3]    [3]
Common stock 1,138,096 [4] 1,138,096 [4]
Additional paid-in capital 447,134 447,134
Retained earnings 25,337,604 24,461,381
Treasury stock (3,922,098) [5] (3,922,098) [5]
Total shareholders' equity 23,000,736 22,124,513
Total liabilities and shareholders' equity $ 25,911,503 $ 24,858,264
[1] Net of allowance of $150,000.
[2] Net of allowance of $140,000.
[3] No par value, 500,000 shares authorized, none outstanding.
[4] $1.00 par value, 4,000,000 shares authorized, 1,138,096 shares issued, 966,132 shares outstanding.
[5] At cost, 171,964 shares.