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Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 1,085,767 $ 2,468,415
Trade accounts receivable less allowances of approximately $143,000 and $78,000, respectively 9,413,500 5,092,040
Receivables due from affiliated companies 822,594 1,051,091
Inventories, net 8,955,477 7,914,950
Prepaid expenses and other current assets 1,015,785 942,820
Total Current Assets 21,293,123 17,469,316
Property, plant and equipment, net 4,931,716 5,356,388
Intangible assets, net 985,258 1,037,968
Total Assets 27,210,097 23,863,672
Current Liabilities:    
Accounts payable - trade 2,993,860 1,101,720
Current portion of long-term debt 386,340 451,148
Accrued expenses payable 1,490,085 1,098,721
Total Current Liabilities 4,870,285 2,651,589
Deferred tax liability 219,526 239,677
Long-term debt, less current portion 55,181 328,818
Total Liabilities 5,144,992 3,220,084
Commitments and contingencies
Shareholders' Equity:    
Common stock - $.01 par value, 12,000,000 shares authorized; 9,146,937 shares and 8,983,374 shares issued, respectively 91,469 89,834
Additional paid in capital 9,604,634 9,287,313
Foreign currency translation adjustment (285,533) (284,442)
Retained earnings 12,654,535 11,550,883
Total Shareholders' Equity 22,065,105 20,643,588
Total Liabilities and Shareholders' Equity $ 27,210,097 $ 23,863,672