2 - Balance Sheet Details

12 Months Ended

Dec. 31, 2015

Notes

2 - Balance Sheet Details

2-Balance Sheet Details

	December 31, 2015	December 31, 2014
Inventories:
Raw materials……………………………….	$ 1,923,932	$ 2,154,572
Work in process……………………………..	1,606,389	1,664,899
Finished goods………………………………	1,584,891	1,961,003
	5,115,212	5,780,474
Valuation reserves………………………….	(577,000)	(618,000)
	$ 4,538,212	$ 5,162,474

	December 31, 2015	December 31, 2014
Property, Plant and Equipment, net:
Land and improvements…………………….	$    1,281,982	$    1,270,242
Buildings and improvements……………….	7,271,006	6,494,896
Machinery and equipment………….…	32,020,937	32,032,724
Capitalized software and other…….………	1,274,592	1,158,065
	41,848,517	40,955,927
Accumulated depreciation…………………..	(30,150,074)	(30,077,932)
	$11,698,443	$ 10,877,995

	December 31, 2015	December 31, 2014
Other Accrued Expenses:
Profit sharing plan contribution……………….	$ 273,238	$   314,155
Property taxes………………………………….	92,526	92,901
All other items ………………………………….	99,898	113,667
	$   465,662	$   520,723

	December 31, 2015	December 31, 2014
Allowance for Doubtful Accounts:
Balance at beginning of year………………………….	$ 150,000	$   150,000
Charges to statement of income……………………...	3,824	1,867
Write-offs………………………………………………...	(3,824)	(1,867)
Balance at end of year…………………………………	$   150,000	$   150,000

	December 31, 2015	December 31, 2014
Inventory Valuation Reserves:
Balance at beginning of year………………………….	$ 618,000	$   564,000
Charges to statement of income……………………...	77,577	134,271
Write-offs………………………………………………...	(118,577)	(80,271)
Balance at end of year…………………………………	$   577,000	$   618,000