Sale of Property (Details Narrative) (USD $)

1 Months Ended

12 Months Ended

Dec. 31, 2008

Dec. 31, 2012

Y

Dec. 31, 2011

Notes to Financial Statements

Description of property sale

In December 2008, the Company sold property it owned in Bridgeport, Connecticut to B&E Juices, Inc. for $2.5 million.  The property consists of approximately four acres of land and 48,000 sq. feet of warehouse space.  The property was the site of the original Acme United scissor factory which opened in 1887 and was closed in 1996.

Proceeds from sale of property

$ 2,500,000

Mortgage receivable from sale of property

2,000,000

Interest rate on mortgage receivable

6.00%

Undiscounted environmental remediation liability

1,800,000

Payments for remediation

(115,000)

Accrual for environmental remediation and monitoring

123,587

239,016

Accrual for environmental remediation and monitoring, current

$ 65,000

Minimum environmental remediation monitoring period (in years)

2