NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of inventories

	2013			2012
Raw materials	$	12,282,902		$	13,325,525
Work in process		3,317,573			2,704,653
Finished goods		2,926,512			3,108,839
Reserves		(1,099,517	)		(1,474,155	)
Total	$	17,427,470		$	17,664,862

Schedule of estimated useful lives of property and equipment

Buildings	39 Years
Leasehold improvements	3-15 Years
Manufacturing equipment	3-7 Years
Office and other equipment	3-7 Years

Schedule of property and equipment

	2013			2012
Land	$	375,000		$	375,000
Building and Leasehold Improvements		9,116,429			8,997,813
Manufacturing Equipment		15,953,227			15,065,683
Office and Other Equipment		4,535,897			4,539,291
Accumulated Depreciation		(18,943,393	)		(17,411,472	)
Net Property and Equipment	$	11,037,160		$	11,566,315

Schedule of reconciliation of basic and diluted share amounts

	2013		2012
Basic weighted average common shares outstanding		2,742,992		2,742,992
Weighted average common stock equivalents from assumed exercise of stock options		1,144		—
Diluted weighted average common shares outstanding		2,744,136		2,742,992

Schedule of net sales by markets

(in thousands)	2013		2012
Aerospace and Defense	$	19,879	$	15,698
Medical		35,429		32,532
Industrial		55,750		58,707
Total Net Sales	$	111,058	$	106,937

Schedule of noncurrent assets, excluding deferred taxes, by country

	United States		Mexico		Total
2013
Net property and equipment	$	10,560,184	$	476,976	$	11,037,160
Other assets		114,693		7,726		122,419
2012
Net property and equipment	$	11,177,694	$	388,621	$	11,566,315
Other assets		249,487		7,726		257,213