2 - Balance Sheet Details

12 Months Ended

Dec. 31, 2017

Notes

2 - Balance Sheet Details

2-Balance Sheet Details

	December 31, 2017	December 31, 2016
Inventories:
Raw materials……………………………….	$ 1,812,603	$ 1,675,143
Work in process……………………………..	1,604,867	1,684,321
Finished goods………………………………	1,674,630	1,740,229
	5,092,100	5,099,693
Valuation reserves………………………….	(564,000)	(562,000)
	$ 4,528,100	$ 4,537,693

	December 31, 2017	December 31, 2016
Property, Plant and Equipment, net:
Land and improvements…………………….	$    1,571,552	$    1,424,689
Buildings and improvements……………….	8,039,831	7,908,780
Machinery and equipment………….…	33,208,675	32,559,468
Capitalized software and other…….………	1,362,714	1,312,887
	44,182,772	43,205,824
Accumulated depreciation…………………..	(31,625,819)	(30,755,266)
	$12,556,953	$ 12,450,558

	December 31, 2017	December 31, 2016
Other Accrued Expenses:
Profit sharing plan contribution……………….	$ 266,398	$   384,275
Property taxes………………………………….	92,620	92,044
All other items ………………………………….	136,114	127,855
	$   495,132	$   604,174

	December 31, 2017	December 31, 2016
Allowance for Doubtful Accounts:
Balance at beginning of year………………………….	$ 150,000	$   150,000
Charges to statement of income……………………...	6,435	1,566
Write-offs………………………………………………...	(16,435)	(1,566)
Balance at end of year…………………………………	$   140,000	$   150,000

	December 31, 2017	December 31, 2016
Inventory Valuation Reserves:
Balance at beginning of year………………………….	$ 562,000	$   577,000
Charges to statement of income……………………...	75,023	80,793
Write-offs………………………………………………...	(73,023)	(95,793)
Balance at end of year…………………………………	$   564,000	$   562,000