REPORTABLE SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2016

REPORTABLE SEGMENTS [Abstract]

Segment financial information

	2016		2015		2014
Sales: Sales to unaffiliated customers:
Industrial Hardware	$	61,058,871	$	61,338,812	$	58,666,229
Security Products		57,255,101		56,598,487		49,381,553
Metal Products		19,294,286		26,630,652		32,777,578
	$	137,608,258	$	144,567,951	$	140,825,360

Inter-segment Sales:
Industrial Hardware	$	637,405	$	595,596	$	984,192
Security Products		2,716,802		2,813,576		2,565,733
Metal Products		—		16,804		—
	$	3,354,207	$	3,425,976	$	3,549,925

Income Before Income Taxes:
Industrial Hardware	$	5,683,730		$	4,314,149		$	5,063,786
Security Products		5,677,264			3,798,115			4,058,554
Metal Products		(225,122	)		(84,536	)		2,596,308
Operating Profit		11,135,872			8,027,728			11,718,648
Interest expense		(121,500	)		(185,475	)		(254,576	)
Other income		209,043			178,722			64,691
	$	11,223,415		$	8,020,975		$	11,528,763
Geographic Information:
Net Sales:
United States	$	117,679,860		$	126,115,036		$	117,478,557
Foreign		19,928,398			18,452,915			23,346,803
	$	137,608,258		$	144,567,951		$	140,825,360

Foreign sales are primarily to customers in North America.

Identifiable Assets:
United States	$	107,031,435	$	106,662,743	$	105,771,961
Foreign		17,166,961		15,075,816		15,498,595
	$	124,198,396	$	121,738,559	$	121,270,556
Industrial Hardware	$	32,278,281	$	30,425,348	$	29,660,695
Security Products		49,520,708		52,688,497		51,573,271
Metal Products		18,447,526		20,931,863		21,037,058
		100,246,515		104,045,708		102,271,004
General corporate		23,951,881		17,692,851		18,999,552
	$	124,198,396	$	121,738,559	$	121,270,556

	2016		2015		2014
Depreciation and Amortization:
Industrial Hardware	$	1,468,904	$	1,580,741	$	1,631,521
Security Products		980,048		1,010,262		621,501
Metal Products		1,365,441		1,330,435		1,233,280
	$	3,814,393	$	3,921,438	$	3,486,302

Capital Expenditures:
Industrial Hardware	$	648,516		$	1,479,984	$	1,929,022
Security Products		1,018,371			388,377		973,365
Metal Products		1,153,872			632,016		644,851
		2,820,759			2,500,377		3,567,238
Currency translation adjustment		(8,889	)		25,020		10,347
General corporate		51,600			12,839		55,580
	$	2,863,470		$	2,538,236	$	3,633,165