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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and Cash Equivalents $ 4,045,101 $ 2,036,954
Certificates of Deposit 2,691,000 2,741,000
Accounts Receivable - Less allowances of $160,000 and $170,000, respectively 4,975,137 5,647,984
Inventories, net 9,121,230 8,519,780
Prepaid Income Taxes 509,119 440
Other Current Assets 422,747 346,236
Total Current Assets 21,764,334 19,292,394
Property, Plant and Equipment, net 11,861,793 12,473,864
Total Assets 33,626,127 31,766,258
Current Liabilities    
Accounts Payable 697,235 692,635
Accrued Wages and Salaries 462,332 509,332
Other Accrued Expenses 327,961 366,418
Unearned Revenue and Customer Deposits 203,717 302,424
Total Current Liabilities 1,691,245 1,870,809
Deferred Income Taxes, net 948,084 926,084
Total Liabilities 2,639,329 2,796,893
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 33,323,666 31,306,233
Treasury Stock, 171,964 Shares at cost (3,922,098) (3,922,098)
Total Shareholders' Equity 30,986,798 28,969,365
Total Liabilities and Shareholders' Equity $ 33,626,127 $ 31,766,258