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

12 Months Ended

Dec. 31, 2014

NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of inventories

	2014			2013
Raw materials	$	12,745,623		$	12,282,902
Work in process		3,653,670			3,317,573
Finished goods		2,861,373			2,926,512
Reserves		(732,248	)		(1,099,517	)
Total	$	18,528,418		$	17,427,470

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

	2014			2013
Land	$	375,000		$	375,000
Building and Leasehold Improvements		9,184,710			9,116,429
Manufacturing Equipment		16,769,847			15,953,227
Office and Other Equipment		5,386,805			4,535,897
Accumulated Depreciation		(20,827,645	)		(18,943,393	)
Net Property and Equipment	$	10,888,717		$	11,037,160

Schedule of reconciliation of basic and diluted share amounts

	2014		2013
Basic weighted average common shares outstanding		2,742,992		2,742,992
Weighted average common stock equivalents from assumed exercise of stock options		5,833		1,144
Diluted weighted average common shares outstanding		2,748,825		2,744,136

Schedule of net sales by markets

(in thousands)	2014		2013
Aerospace and Defense	$	14,869	$	19,879
Medical/Life Sciences		41,402		35,429
Industrial		55,771		55,750
Total Net Sales	$	112,042	$	111,058

Schedule of noncurrent assets, excluding deferred taxes, by country

	United States		Mexico		Total
2014
Net property and equipment	$	10,214,279	$	822,881	$	10,888,717
Other assets		109,401		7,726		117,127
2013
Net property and equipment	$	10,560,184	$	476,976	$	11,037,160
Other assets		114,693		7,726		122,419