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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and Cash Equivalents $ 706,873 $ 1,152,569
Certificates of Deposit 7,063,000 7,810,000
Accounts Receivable - Less allowances of $140,000 5,529,307 5,326,650
Inventories, net 6,100,391 4,528,100
Prepaid Income Taxes 150,686 84,112
Other Current Assets 438,222 357,918
Total Current Assets 19,988,479 19,259,349
Property, Plant and Equipment, net 13,258,146 12,556,953
Total Assets 33,246,625 31,816,302
Current Liabilities    
Accounts Payable 1,060,231 737,040
Accrued Wages and Salaries 701,434 674,316
Other Accrued Expenses 475,973 495,132
Unearned Revenue and Customer Deposits 328,154 312,775
Total Current Liabilities 2,565,792 2,219,263
Deferred Income Taxes, net 921,084 737,084
Total Liabilities 3,486,876 2,956,347
Shareholders' Equity    
Preferred Stock, No Par Value, 500,000 Shares Authorized: None Outstanding 0 0
Common Stock, $1.00 Par Value, 4,000,000 Shares Authorized: 1,138,096 Shares Issued, 966,132 Shares Outstanding 1,138,096 1,138,096
Additional Paid-in Capital 447,134 447,134
Retained Earnings 32,096,617 31,196,823
Treasury Stock, 171,964 Shares at cost (3,922,098) (3,922,098)
Total Shareholders' Equity 29,759,749 28,859,955
Total Liabilities and Shareholders' Equity $ 33,246,625 $ 31,816,302