| Schedule of Segment Reporting Information |
|
| Fastener |
Assembly Equipment |
Other |
Consolidated |
Year Ended December 31, 2022: |
|
|
|
|
Net Sales……………………………………… |
$ 30,291,547 |
$ 3,354,486 |
$ 0 |
$ 33,646,033 |
|
|
|
|
|
Depreciation……………………………………... |
1,129,151 |
133,615 |
17,104 |
1,279,870 |
|
|
|
|
|
Segment operating profit……………………… |
505,751 |
413,995 |
0 |
919,746 |
Selling and administrative expenses………….. |
0 |
0 |
(2,096,944) |
(2,096,944) |
Gain on sale of property………………………… |
|
|
4,738,394 |
4,738,394 |
Other income…………………………………….. |
0 |
0 |
91,433 |
91,433 |
Income before income taxes…………………… |
|
|
|
3,652,629 |
|
|
|
|
|
Capital expenditures……………………………. |
868,654 |
3,207 |
98,082 |
969,943 |
|
|
|
|
|
Segment assets: |
|
|
|
|
Accounts receivable, net……………………... |
4,683,620 |
291,517 |
0 |
4,975,137 |
Inventories, net………………………………... |
7,766,703 |
1,354,527 |
0 |
9,121,230 |
Property, plant and equipment, net…………. |
9,562,329 |
1,303,497 |
995,967 |
11,861,793 |
Other assets…………………………………… |
0 |
0 |
7,667,967 |
7,667,967 |
|
|
|
|
33,626,127 |
|
|
|
|
|
Year Ended December 31, 2021: |
|
|
|
|
Net Sales……………………………………… |
$ 29,831,388 |
$ 4,143,170 |
$ 0 |
$ 33,974,558 |
|
|
|
|
|
Depreciation……………………………………... |
1,161,596 |
134,957 |
22,001 |
1,318,554 |
|
|
|
|
|
Segment operating profit……………………… |
2,384,486 |
997,048 |
0 |
3,381,534 |
Selling and administrative expenses………….. |
0 |
0 |
(2,022,619) |
(2,022,619) |
Other income…………………………………….. |
0 |
0 |
55,557 |
55,557 |
Income before income taxes…………………… |
|
|
|
1,414,472 |
|
|
|
|
|
Capital expenditures……………………………. |
493,564 |
0 |
177,334 |
670,898 |
|
|
|
|
|
Segment assets: |
|
|
|
|
Accounts receivable, net……………………... |
5,302,257 |
345,727 |
0 |
5,647,984 |
Inventories, net………………………………... |
7,214,050 |
1,305,730 |
0 |
8,519,780 |
Property, plant and equipment, net…………. |
9,782,324 |
1,433,905 |
1,257,635 |
12,473,864 |
Other assets…………………………………… |
0 |
0 |
5,124,630 |
5,124,630 |
|
|
|
|
31,766,258 |
|