Segment Reporting: Schedule of Segment Reporting by Segment (Tables)

6 Months Ended

Jun. 30, 2023

Tables/Schedules

Schedule of Segment Reporting by Segment

	Fastener	Assembly Equipment	Other	Consolidated
Three Months Ended June 30, 2023:
Net sales	$     7,361,113	$     689,818	0	$     8,050,931
Depreciation	272,679	30,732	2,664	306,075
Segment operating profit	(1,093,218)	87,166	0	(1,006,052)
Selling and administrative expenses	0	0	(681,199)	(681,199)
Interest income	0	0	21,745	21,745
Income before income taxes				$   (1,665,506)
Capital expenditures	406,629	0	(59,800)	346,829
Segment assets:
Accounts receivable, net	5,543,477	360,924	0	5,904,401
Inventories, net	7,940,159	1,483,084	0	9,423,243
Property, plant and equipment, net	9,759,709	1,242,033	1,008,192	12,009,934
Other assets	0	0	4,625,285	4,625,285
				$    31,962,863
Three Months Ended June 30, 2022:
Net sales	$     8,059,612	$     963,786	0	$     9,023,398
Depreciation	281,841	33,363	5,220	320,424
Segment operating profit	499,531	191,011	0	690,542
Selling and administrative expenses	0	0	(497,736)	(497,736)
Interest income	0	0	2,098	2,098
Income before income taxes				$    194,904
Capital expenditures	22,682	0	68,427	91,109
Segment assets:
Accounts receivable, net	6,330,240	511,987	0	6,842,227
Inventories, net	8,341,612	1,273,761	0	9,615,373
Property, plant and equipment, net	9,396,988	1,367,179	1,260,552	12,044,719
Other assets	0	0	4,028,553	4,028,553
				$    32,530,872
Six Months Ended June 30, 2023:
Net sales	$   15,217,926	$   1,562,730	0	$   16,780,656
Depreciation	545,315	61,464	5,328	612,107
Segment operating profit	(1,521,719)	276,481	0	(1,245,238)
Selling and administrative expenses	0	0	(1,219,736)	(1,219,736)
Interest income	0	0	62,331	62,331
Income before income taxes				$    (2,402,643)
Capital expenditures	742,695	0	17,553	760,248
Six Months Ended June 30, 2022:
Net sales	$   16,213,445	$   2,007,649	0	$   18,221,094
Depreciation	563,682	66,726	10,440	640,848
Segment operating profit	1,335,038	423,390	0	1,758,428
Selling and administrative expenses	0	0	(997,064)	(997,064)
Interest income	0	0	3,853	3,853
Income before income taxes				$       765,217
Capital expenditures	178,346	0	33,357	211,703