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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 759,138 $ 353,475
Certificates of deposit 7,312,000 8,059,000
Accounts receivable, net [1] 5,871,092 5,323,519
Inventories, net 5,088,117 4,537,693
Prepaid income taxes   56,112
Other current assets 381,087 423,952
Total current assets 19,411,434 18,753,751
Property, Plant and Equipment:    
Land 923,587 923,587
Land improvements 611,847 501,102
Buildings and improvements 8,010,023 7,333,942
Production equipment and other 34,410,155 34,447,193
Property, Plant and Equipment Gross 43,955,612 43,205,824
Less accumulated depreciation 31,356,355 30,755,266
Net property, plant and equipment 12,599,257 12,450,558
Total assets 32,010,691 31,204,309
Current Liabilities:    
Accounts payable 1,165,125 703,467
Accrued wages and salaries 890,507 690,526
Other accrued expenses 472,912 604,174
Unearned revenue and customer deposits 240,851 286,133
Total current liabilities 2,769,395 2,284,300
Deferred income taxes 958,084 1,028,084
Total liabilities 3,727,479 3,312,384
Shareholders' Equity:    
Preferred stock [2] 0 0
Common stock [3] 1,138,096 1,138,096
Additional paid-in capital 447,134 447,134
Retained earnings 30,620,080 30,228,793
Less: Treasury stock [4] 3,922,098 3,922,098
Total shareholders' equity 28,283,212 27,891,925
Total liabilities and shareholders' equity $ 32,010,691 $ 31,204,309
[1] Net of allowance of $150,000.
[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.