SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 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
Exercised	(1,507	)	3.20
Cancelled	(59,493	)	7.18
Outstanding - June 30, 2016	78,750		$	6.33	2.44	$	7,685
Exercisable - June 30, 2016	78,750		$	6.33	2.44	$	7,685

Schedule of inventories

	June 30			December 31
	2016			2015
Raw Materials	$	14,504,054		$	13,782,411
Work in Process	4,941,600			4,674,223
Finished Goods	2,868,189			2,478,423
Reserve	(793,409		)	(749,612		)
Total	$	21,520,434		$	20,185,445

Schedule of intangible assets

	June 30, 2016
	Remaining	Gross
	Lives	Carrying		Accumulated		Net Book
	(Years)	Amount		Amortization		Value
Customer Relationships	8	$	1,302,000	$	144,665	$	1,157,335
Trade Names	19	$	814,000	$	40,700	$	773,300
Bond Issue Costs	5	$	79,373	$	52,916	$	26,457
Totals		$	2,195,373	$	238,281	$	1,957,092
	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	$	50,270	$	29,103
Totals		$	2,195,373	$	142,953	$	2,052,420

Schedule of estimated future amortization expense

Remainder of 2016	$	95,000
2017	191,000
2018	191,000
2019	191,000
2020	191,000
Thereafter	1,098,092
Total	$	1,957,092