XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current Assets    
Cash $ 66,371us-gaap_CashAndCashEquivalentsAtCarryingValue $ 0us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts Receivable 17,367,668us-gaap_AccountsReceivableNetCurrent 16,030,848us-gaap_AccountsReceivableNetCurrent
Inventories 18,528,418us-gaap_InventoryNet 17,427,470us-gaap_InventoryNet
Prepaid Expenses 816,775us-gaap_PrepaidExpenseCurrent 634,350us-gaap_PrepaidExpenseCurrent
Income Taxes Receivable 465,236us-gaap_IncomeTaxesReceivable 140,174us-gaap_IncomeTaxesReceivable
Deferred Taxes 436,000us-gaap_DeferredTaxAssetsNetCurrent 683,000us-gaap_DeferredTaxAssetsNetCurrent
Total Current Assets 37,680,468us-gaap_AssetsCurrent 34,915,842us-gaap_AssetsCurrent
Property and Equipment, Net 10,888,717us-gaap_PropertyPlantAndEquipmentNet 11,037,160us-gaap_PropertyPlantAndEquipmentNet
Other Assets 117,127us-gaap_OtherAssetsNoncurrent 122,419us-gaap_OtherAssetsNoncurrent
Total Assets 48,686,312us-gaap_Assets 46,075,421us-gaap_Assets
Current Liabilities    
Line of Credit   7,234,983us-gaap_LinesOfCreditCurrent
Current Maturities of Long-Term Debt 732,835us-gaap_LongTermDebtCurrent 632,176us-gaap_LongTermDebtCurrent
Accounts Payable 9,008,426us-gaap_AccountsPayableCurrent 8,185,012us-gaap_AccountsPayableCurrent
Accrued Payroll and Commissions 2,896,557us-gaap_EmployeeRelatedLiabilitiesCurrent 2,595,393us-gaap_EmployeeRelatedLiabilitiesCurrent
Other Accrued Liabilities 732,012us-gaap_OtherAccruedLiabilitiesCurrent 718,974us-gaap_OtherAccruedLiabilitiesCurrent
Total Current Liabilities 13,369,830us-gaap_LiabilitiesCurrent 19,366,538us-gaap_LiabilitiesCurrent
Long-Term Liabilities    
Line of Credit 7,998,184us-gaap_LongTermLineOfCredit  
Long-Term Debt (Net of Current Maturities) 4,072,506us-gaap_LongTermDebtNoncurrent 4,246,914us-gaap_LongTermDebtNoncurrent
Deferred Taxes 149,000us-gaap_DeferredTaxLiabilitiesNoncurrent 282,000us-gaap_DeferredTaxLiabilitiesNoncurrent
Other Long-Term Liabilities 268,400us-gaap_OtherLiabilitiesNoncurrent 244,521us-gaap_OtherLiabilitiesNoncurrent
Total Long-Term Liabilities 12,488,090us-gaap_LiabilitiesNoncurrent 4,773,435us-gaap_LiabilitiesNoncurrent
Total Liabilities 25,857,920us-gaap_Liabilities 24,139,973us-gaap_Liabilities
Shareholders' Equity    
Preferred Stock, $1 par value; 1,000,000 Shares Authorized; 250,000 Shares Issued and Outstanding 250,000us-gaap_PreferredStockValue 250,000us-gaap_PreferredStockValue
Common Stock - $0.01 par value; 9,000,000 Shares Authorized; 2,742,992 Shares Issued and Outstanding 27,430us-gaap_CommonStockValue 27,430us-gaap_CommonStockValue
Additional Paid-In Capital 15,751,160us-gaap_AdditionalPaidInCapital 15,738,233us-gaap_AdditionalPaidInCapital
Accumulated Other Comprehensive Loss (62,936)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (62,936)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained Earnings 6,862,738us-gaap_RetainedEarningsAccumulatedDeficit 5,982,721us-gaap_RetainedEarningsAccumulatedDeficit
Total Shareholders' Equity 22,828,392us-gaap_StockholdersEquity 21,935,448us-gaap_StockholdersEquity
Total Liabilities and Shareholders' Equity $ 48,686,312us-gaap_LiabilitiesAndStockholdersEquity $ 46,075,421us-gaap_LiabilitiesAndStockholdersEquity