SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 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 - September 30, 2016	78,750		$	6.33	2.19	$	8,000
Exercisable - September 30, 2016	78,750		$	6.33	2.19	$	8,000

Schedule of inventories

	September 30			December 31
	2016			2015
Raw Materials	$	14,868,590		$	13,782,411
Work in Process	4,684,076			4,674,223
Finished Goods	2,835,128			2,478,423
Reserve	(645,271		)	(749,612		)
Total	$	21,742,523		$	20,185,445

Schedule of intangible assets

	September 30, 2016
	Gross
	Carrying		Accumulated		Net Book
	Amount		Amortization		Value
Customer Relationships	$	1,302,000	$	180,830	$	1,121,170
Trade Names	$	814,000	$	50,875	$	763,125
Bond Issue Costs	$	79,373	$	54,240	$	25,133
Totals	$	2,195,373	$	285,945	$	1,909,428

	December 31, 2015
	Gross
	Carrying		Accumulated		Net Book
	Amount		Amortization		Value
Customer Relationships	$	1,302,000	$	72,333	$	1,229,667
Trade Names	$	814,000	$	20,350	$	793,650
Bond Issue Costs	$	79,373	$	50,270	$	29,103
Totals	$	2,195,373	$	142,953	$	2,052,420

Schedule of estimated future amortization expense

Remainder of 2016	$	31,000
2017	191,000
2018	191,000
2019	191,000
2020	191,000
Thereafter	1,114,428
Total	$	1,909,428