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

12 Months Ended

Dec. 31, 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of inventories

	2015			2014
Raw materials	$	13,782,411		$	12,745,623
Work in process		4,674,223			3,653,670
Finished goods		2,478,423			2,861,373
Reserves		(749,612	)		(732,248	)
Total	$	20,185,445		$	18,528,418

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

	2015			2014
Land	$	375,000		$	375,000
Building and Leasehold Improvements		9,273,866			9,184,710
Manufacturing Equipment		18,588,934			16,769,847
Office and Other Equipment		4,982,686			5,386,805
Accumulated Depreciation		(22,712,738	)		(20,827,645	)
Net Property and Equipment	$	10,507,748		$	10,888,717

Schedule of intangible assets

	December 31, 2015
	Years		Gross Carrying Amount		Accumulated Amortization Amount		Net Book Value Amount
Bond Issue Costs		15	$	79,373	$	50,271	$	29,102
Customer Relationships		9		1,302,000		72,333		1,229,667
Trade Names		20		814,000		20,350		793,650
Totals			$	2,195,373	$	142,954	$	2,052,419

	December 31, 2014
	Years		Gross Carrying Amount		Accumulated Amortization Amount		Net Book Value Amount
Bond Issue Costs		15	$	79,373	$	44,978	$	34,395

Schedule of Amortization expense

Year ended December 31, 2015	$	97,975
Year ended December 31, 2014		5,292

Schedule of estimated future amortization expense

Year	Amount
2016	$	160,000
2017		160,000
2018		160,000
2019		160,000
2020		160,000
Thereafter		1,252,419
	$	2,052,419

Schedule of reconciliation of basic and diluted share amounts

	2015		2014
Basic weighted average common shares outstanding		2,745,759		2,742,992
Weighted average common stock equivalents from assumed exercise of stock options		0		5,833
Diluted weighted average common shares outstanding		2,745,759		2,748,825

Schedule of net sales by markets

(in thousands)	2015		2014
Aerospace and Defense	$	14,458	$	14,869
Medical/Life Sciences		41,308		41,402
Industrial		59,426		55,771
Total Net Sales	$	115,192	$	112,042

Schedule of noncurrent assets, excluding deferred taxes, by country

	United States		Mexico		Total
2015
Net property and equipment	$	9,322,484	$	1,185,264	$	10,507,748
Other assets		5,335,874		7,726		5,343,600
2014
Net property and equipment	$	10,065,836	$	822,881	$	10,888,717
Other assets		109,401		7,726		117,127