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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 1,080,803 $ 231,252
Certificates of deposit 6,316,000 6,058,000
Accounts receivable, net 5,902,138 [1] 5,669,654 [2]
Inventories, net 4,864,052 5,162,474
Deferred tax assets 448,191 446,191
Prepaid income taxes 17,112 173,656
Other current assets 489,468 348,413
Total current assets 19,117,764 18,089,640
Property, Plant and Equipment:    
Land 923,587 923,587
Land improvements 358,395 346,655
Buildings and improvements 6,528,761 6,494,896
Production equipment and other 33,578,649 33,190,789
Property, Plant and Equipment Gross 41,389,392 40,955,927
Less accumulated depreciation 30,135,229 30,077,932
Net property, plant and equipment 11,254,163 10,877,995
Total assets 30,371,927 28,967,635
Current Liabilities:    
Accounts payable 1,275,949 923,819
Accrued wages and salaries 913,435 605,029
Other accrued expenses 450,997 520,723
Unearned revenue and customer deposits 228,688 69,866
Total current liabilities 2,869,069 2,119,437
Deferred income taxes 1,069,275 1,107,275
Total liabilities 3,938,344 3,226,712
Shareholders' Equity:    
Preferred stock [3] 0 0
Common stock [4] 1,138,096 1,138,096
Additional paid-in capital 447,134 447,134
Retained earnings 28,770,451 28,077,791
Less: Treasury stock [5] 3,922,098 3,922,098
Total shareholders' equity 26,433,583 25,740,923
Total liabilities and shareholders' equity $ 30,371,927 $ 28,967,635
[1] Net of allowance of $146,000.
[2] Net of allowance of $150,000.
[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.