2 - Balance Sheet Details

12 Months Ended

Dec. 31, 2018

Notes

2 - Balance Sheet Details

2-Balance Sheet Details

	December 31, 2018	December 31, 2017
Inventories:
Raw materials	$ 2,798,918	$ 1,812,603
Work in process	1,878,977	1,604,867
Finished goods	2,001,496	1,674,630
	6,679,391	5,092,100
Valuation reserves	(579,000)	(564,000)
	$ 6,100,391	$ 4,528,100

	December 31, 2018	December 31, 2017
Property, Plant and Equipment, net:
Land and improvements	$       1,632,299	$       1,571,552
Buildings and improvements	8,292,749	8,039,831
Machinery and equipment	34,196,661	33,208,675
Capitalized software and other	1,372,215	1,362,714
	45,493,924	44,182,772
Accumulated depreciation	(32,235,778)	(31,625,819)
	$    13,258,146	$    12,556,953

	December 31, 2018	December 31, 2017
Other Accrued Expenses:
Profit sharing plan contribution	$    277,743	$   266,398
Property taxes	91,527	92,620
All other items	106,703	136,114
	$    475,973	$   495,132

	December 31, 2018	December 31, 2017
Allowance for Doubtful Accounts:
Balance at beginning of year………………………….	$ 140,000	$   150,000
Charges to statement of income……………………...	0	6,435
Write-offs………………………………………………...	0	(16,435)
Balance at end of year…………………………………	$   140,000	$   140,000

	December 31, 2018	December 31, 2017
Inventory Valuation Reserves:
Balance at beginning of year………………………….	$ 564,000	$   562,000
Charges to statement of income……………………...	17,870	75,023
Write-offs………………………………………………...	(2,870)	(73,023)
Balance at end of year…………………………………	$   579,000	$   564,000