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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash $ 932,864 $ 3,062,729
Trade accounts receivable less allowances of approximately $120,000 and $76,000, respectively 7,606,643 4,850,282
Receivables due from affiliated companies 468,337 715,034
Inventories, net 9,377,242 8,109,333
Prepaid expenses and other current assets 1,008,489 851,333
Deferred tax asset 124,086 123,360
Total Current Assets 19,517,661 17,712,071
Property, plant and equipment, net 5,423,700 5,172,882
Other Assets:    
Intangible assets, net 1,055,316 1,095,458
Total Other Assets 1,055,316 1,095,458
Total Assets 25,996,677 23,980,411
Current Liabilities:    
Accounts payable - trade 2,618,086 1,439,868
Current portion of long term debt 448,107 425,658
Income taxes payable 110,883 16,465
Accrued expenses payable 1,564,548 1,115,514
Total Current Liabilities 4,741,624 2,997,505
Deferred tax liability 236,326 258,682
Long term debt, less current portion 443,075 692,104
Total Liabilities $ 5,421,025 $ 3,948,291
Commitments and contingencies
Shareholders' Equity:    
Common stock - $.01 par value, 12,000,000 shares authorized; 8,982,721 and 8,914,274 shares issued $ 89,827 $ 89,142
Additional paid in capital 9,287,320 9,131,952
Foreign currency translation adjustment (285,007) (279,163)
Retained earnings 11,483,512 11,090,189
Total Shareholders' Equity 20,575,652 20,032,120
Total Liabilities and Shareholders' Equity $ 25,996,677 $ 23,980,411