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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and Cash Equivalents $ 1,152,569 $ 353,475
Certificates of Deposit 7,810,000 8,059,000
Accounts Receivable, net 5,326,650 [1] 5,323,519 [2]
Inventories, net 4,528,100 4,537,693
Prepaid Income Taxes 84,112 56,112
Other Current Assets 357,918 423,952
Total Current Assets 19,259,349 18,753,751
Property, Plant and Equipment, net 12,556,953 12,450,558
Total Assets 31,816,302 31,204,309
Current Liabilities:    
Accounts Payable 737,040 703,467
Accrued Wages and Salaries 674,316 690,526
Other Accrued Expenses 495,132 604,174
Unearned Revenue and Customer Deposits 312,775 286,133
Total Current Liabilities 2,219,263 2,284,300
Deferred Income Taxes, net 737,084 1,028,084
Total Liabilities 2,956,347 3,312,384
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 31,196,823 30,228,793
Less: Treasury Stock [5] 3,922,098 3,922,098
Total Shareholders' Equity 28,859,955 27,891,925
Total Liabilities and Shareholders' Equity $ 31,816,302 $ 31,204,309
[1] Net of allowance of $140,000.
[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.