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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current Assets:    
Cash $ 585,357 $ 615,044
Trade accounts receivable net of allowance for doubtful accounts of approximately $75,000 and $63,600 at December 31, 2011 and 2010, respectively 2,563,089 2,266,695
Receivables due from affiliated companies 495,130  
Inventories, net 9,627,798 7,725,580
Prepaid expenses and other current assets 424,168 289,930
Deferred tax asset 65,797 127,676
Total Current Assets 13,761,339 11,024,925
Property, plant and equipment, net 5,213,333 5,421,787
Other Assets:    
Trademarks, trade names and patents, net 870,642 947,814
Due from affiliated companies, net   212,736
Other assets 33,442 75,036
Total Other Assets 904,084 1,235,586
Total Assets 19,878,756 17,682,298
Current Liabilities:    
Accounts payable - trade 1,162,143 1,417,959
Revolving line of credit 850,000  
Notes payable related party   471,950
Current portion of long-term debt 400,430 490,127
Income taxes payable 353,608 539,628
Accrued expenses payable 889,444 993,010
Total Current Liabilities 3,655,625 3,912,674
Deferred tax liability 250,191 81,030
Long-term debt, less current portion 1,939,362 2,507,985
Total Liabilities 5,845,178 6,501,689
Commitments and contingencies      
Shareholders' Equity:    
Common stock - $.01 par value, 10,000,000 shares authorized; 8,458,389 and 8,205,116 shares issued at December 31, 2011 and 2010, respectively 84,584 82,051
Additional paid in capital 8,163,864 7,689,183
Less cost of common stock in treasury, 351,503 shares at December 31, 2011 and 2010, respectively (288,013) (288,013)
Foreign currency translation adjustment (268,084) (271,939)
Retained earnings 6,058,848 3,666,211
Total Shareholders' Equity of Ocean Bio-Chem, Inc. 13,751,199 10,877,493
Noncontrolling interest 282,379 303,116
Total Shareholders' Equity 14,033,578 11,180,609
Total Liabilities and Shareholders' Equity $ 19,878,756 $ 17,682,298