Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 2,097,300	$ 7,165,100
Accounts receivable, net	3,456,400	1,014,700
Inventories, net	5,641,300	4,698,600
Income taxes receivable	7,000	0
Prepaid expenses	319,600	227,200
Total current assets	11,521,600	13,105,600
Property, plant and equipment, net	578,400	430,000
Deferred tax asset	1,392,600	2,556,200
Goodwill	1,520,600	0
Intangible assets, net	6,769,100	0
Other assets	51,000	51,000
Total assets	21,833,300	16,142,800
Current liabilities:
Accounts payable	1,939,400	1,238,000
Accrued expenses	964,800	803,700
Income taxes payable	0	5,300
Current maturities of long-term debt	800,000	0
Total current liabilities	3,704,200	2,047,000
Line-of-credit	750,000	0
Long-term debt, net of current maturities and debt issuance costs	1,137,300	0
Total liabilities	5,591,500	2,047,000
Shareholders’ equity:
Common stock; $0.10 par value, authorized 50,000,000 shares; issued and outstanding 11,749,589 shares (2016) and 11,710,745 shares (2015)	1,175,000	1,171,100
Capital in excess of par	6,177,800	5,901,100
Retained earnings	8,889,000	7,023,600
Total shareholders’ equity	16,241,800	14,095,800
Total liabilities and shareholders’ equity	$ 21,833,300	$ 16,142,800