XML 21 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 738,200 $ 575,900
Trade receivables, net 1,166,000 447,900
Inventories, net 1,909,300 2,019,200
Prepaid expenses 111,300 133,400
Total current assets 3,924,800 3,176,400
Property, plant and equipment, net 9,999,100 10,632,100
Other assets 52,800 68,400
Total assets 13,976,700 13,876,900
Current liabilities:    
Obligations collateralized by receivables and inventory 1,216,000 277,100
Accounts payable 1,576,400 1,442,700
Accrued payroll and benefits 709,400 579,200
Accrued property taxes 143,500 230,600
Other accrued expenses 331,900 227,300
Current maturities of long-term debt 349,700 340,800
Total current liabilities 4,326,900 3,097,700
Long-term debt, net of current maturities 3,100,100 3,363,400
Total liabilities 7,427,000 6,461,100
Shareholders' equity:    
Common stock; $0.10 par value, authorized 50,000,000 shares; issued and outstanding 10,937,000 shares (2012) and 10,907,000 shares (2011) 1,093,700 1,090,700
Capital in excess of par 5,489,500 5,446,900
Retained earnings (accumulated deficit) (33,500) 878,200
Total shareholders' equity 6,549,700 7,415,800
Total liabilities and shareholders' equity $ 13,976,700 $ 13,876,900