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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 4,167,376 $ 6,821,883
Accounts receivable, less allowance 27,173,431 25,484,865
Inventories 50,704,197 39,261,105
Prepaid expenses and other current assets 1,640,904 1,578,248
Total current assets 83,685,908 73,146,101
Property, plant and equipment:    
Land 1,770,453 1,420,104
Buildings 12,898,761 10,095,529
Machinery and equipment 24,524,045 19,111,801
Total property, plant and equipment 39,193,259 30,627,434
Less: accumulated depreciation 18,954,352 16,591,890
Net property, plant and equipment 20,238,907 14,035,544
Intangible assets, less accumulated amortization 18,721,423 15,792,738
Goodwill 4,799,829 4,696,370
Operating lease right-of-use asset, net 2,421,669 2,989,272
Other assets   88,828
Total assets 129,867,736 110,748,853
Current liabilities:    
Accounts payable 7,601,123 6,692,692
Operating lease liability - current portion 872,908 1,047,498
Current portion of mortgage payable 266,667 266,667
Other accrued liabilities 11,460,024 8,576,248
Total current liabilities 20,200,722 16,583,105
Long-term debt 38,767,167 33,240,407
Mortgage payable, net of current portion 2,911,111 3,177,778
Operating lease liability - non-current portion 1,654,025 1,960,996
Deferred income taxes 110,221 49,284
Other non-current liabilities   32,302
Total liabilities 67,151,293 55,043,872
STOCKHOLDERS' EQUITY    
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,840,571 shares in 2020 and 4,838,071 in 2019, including treasury stock 12,100,663 12,094,413
Treasury stock, at cost, 1,501,658 in 2020 and 1,487,238 shares in 2019 (14,522,178) (14,235,190)
Additional paid-in capital 7,930,673 8,262,208
Accumulated other comprehensive loss (825,967) (1,987,870)
Retained earnings 58,033,252 51,571,420
Total stockholders' equity 62,716,443 55,704,981
Total liabilities and stockholders' equity 129,867,736 $ 110,748,853
PPP Loan    
Current liabilities:    
Long-term debt $ 3,508,047