6 - Segment Information: Schedule of Segment Reporting Information (Tables)

12 Months Ended

Dec. 31, 2023

Tables/Schedules

Schedule of Segment Reporting Information

	Fastener	Assembly Equipment	Other	Consolidated
Year Ended December 31, 2023:
Net Sales………………………………………	$      28,161,362	$      3,346,360	$                  0	$        31,507,722
Depreciation……………………………………...	1,145,620	122,928	6,530	1,275,078
Segment operating profit (loss)  ………………	(3,747,744)	549,156	0	(3,198,588)
Selling and administrative expenses…………..	0	0	(2,638,658)	(2,638,658)
Other income……………………………………..	0	0	108,234	108,234
Loss before income taxes……………………				(5,729,012)
Capital expenditures…………………………….	1,041,896	5,235	31,236	1,078,367
Segment assets:
Accounts receivable, net……………………...	3,994,372	281,510	0	4,275,882
Contract assets………………………………...	0	118,301	0	118,301
Inventories, net………………………………...	5,714,826	1,612,827	0	7,327,653
Property, plant and equipment, net………….	9,458,605	1,185,804	1,020,673	11,665,082
Other assets……………………………………	0	0	4,443,987	4,443,987
				27,830,905
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