SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of option activity

	Shares		Weighted- Average  Exercise  Price Per  Share		Weighted- Average  Remaining  Contractual  Term  (in years)	Aggregate  Intrinsic Value
Outstanding - January 1, 2016	139,750		$	6.66
Granted	—		—
Cancelled	(49,500	)	7.44
Outstanding - March 31, 2016	90,250		$	6.23	2.73	$	10,400
Exercisable - March 31, 2016	90,250		$	6.23	2.73	$	10,400

Schedule of inventories

	March 31			December 31
	2016			2015
Raw Materials	$	14,148,371		$	13,782,411
Work in Process	4,753,230			4,674,223
Finished Goods	3,024,494			2,478,423
Reserve	(679,750		)	(749,612		)
Total	$	21,246,345		$	20,185,445

Schedule of intangible assets

	March 31, 2016
	Remaining	Gross
	Lives	Carrying		Accumulated		Net Book
	(Years)	Amount		Amortization		Value
Customer Relationships	8	$	1,302,000	$	108,499	$	1,193,501
Trade Names	19	$	814,000	$	30,524	$	783,476
Bond Issue Costs	5	$	79,373	$	51,594	$	27,779
Totals		$	2,195,373	$	190,617	$	2,004,756

	December 31, 2015
	Remaining	Gross
	Lives	Carrying		Accumulated		Net Book
	(Years)	Amount		Amortization		Value
Customer Relationships	9	$	1,302,000	$	72,333	$	1,229,667
Trade Names	20	$	814,000	$	20,350	$	793,650
Bond Issue Costs	6	$	79,373	$	50,271	$	29,102
Totals		$	2,195,373	$	142,954	$	2,052,419

Schedule of estimated future amortization expense

Remainder of 2016	$	143,000
2017	191,000
2018	191,000
2019	191,000
2020	191,000
Thereafter	1,097,756
Total	$	2,004,756