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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets    
Cash $ 205,455 $ 268,204 [1]
Accounts Receivable, less allowances of $529,000 and $883,000 17,300,792 17,320,784 [1]
Inventories 21,675,236 20,653,841 [1]
Prepaid Expenses 1,156,089 1,048,373 [1]
Income Taxes Receivable [1]   198,535
Total Current Assets 40,337,572 39,489,737 [1]
Property and Equipment, Net 9,728,797 10,330,834 [1]
Other Intangible Assets, Net 1,911,321 1,861,764 [1]
Goodwill 3,283,454 3,283,454 [1]
Deferred Tax Assets 543,000 543,000 [1]
Other Assets 7,726 7,726 [1]
Total Assets 55,811,870 55,516,515 [1]
Current Liabilities    
Current Maturities of Long-Term Debt 1,571,111 1,565,347 [1]
Accounts Payable 15,330,606 13,825,530 [1]
Accrued Payroll and Commissions 2,354,840 3,311,693 [1]
Other Accrued Liabilities 1,544,202 1,603,069 [1]
Income Taxes Payable 26,373  
Total Current Liabilities 20,827,132 20,305,639 [1]
Long-Term Liabilities    
Line of Credit - Bank 8,050,426 7,315,262 [1]
Long-Term Debt, Net of Current Maturities 3,997,635 4,891,631 [1]
Other Long-Term Liabilities 639,857 689,195 [1]
Total Long-Term Liabilities 12,687,918 12,896,088 [1]
Total Liabilities 33,515,050 33,201,727 [1]
Commitments and Contingencies [1]
Shareholders' Equity    
Preferred Stock, $1 par value; 1,000,000 Shares Authorized; 250,000 Shares Issued and Outstanding 250,000 250,000 [1]
Common Stock - $0.01 par value; 9,000,000 Shares Authorized: 2,747,831 Shares Issued and Outstanding 27,478 27,478 [1]
Additional Paid-In Capital 15,746,665 15,746,665 [1]
Accumulated Other Comprehensive Loss (47,761) (44,445) [1]
Retained Earnings 6,320,438 6,335,090 [1]
Total Shareholders' Equity 22,296,820 22,314,788 [1]
Total Liabilities and Shareholders' Equity $ 55,811,870 $ 55,516,515 [1]
[1] The balance sheet at December 31, 2016 has been derived from the audited financial statements at that date