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Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 427,885 $ 525,632
Accounts receivable, less allowance for doubtful accounts of approximately $158,000 in 2012 and $149,000 in 2011 1,791,640 1,754,959
Inventories, net 2,657,831 2,845,563
Prepaid expenses 319,406 330,403
Deferred income taxes 273,874 278,437
Total current assets 5,470,636 5,734,994
Property, plant and equipment:    
Land 500 500
Buildings and leasehold improvements 802,114 754,922
Machinery and equipment 10,944,866 10,891,820
Total property, plant and equipment 11,747,480 11,647,242
Less allowance for depreciation and amortization (8,298,592) (8,087,988)
Net property, plant and equipment 3,448,888 3,559,254
Other noncurrent assets 47,268 47,259
Deferred income taxes 733,093 727,118
Total assets 9,699,885 10,068,625
Current liabilities:    
Accounts payable 1,521,525 2,025,656
Commissions, salaries, wages, and taxes thereon 155,819 162,507
Income taxes payable 3,397 69,718
Revolving line of credit 800,000 700,000
Current portion of long-term debt 200,000 200,000
Other accrued expenses 717,471 491,188
Total current liabilities 3,398,212 3,649,069
Long-term liabilities:    
Long-term debt, net of current portion 550,000 600,000
Pension and other benefits 2,051,754 2,051,054
Total long-term liabilities 2,601,754 2,651,054
Total liabilities 5,999,966 6,300,123
Commitments and contingencies (Note 11)      
Stockholders' equity:    
Common stock, $1.00 par value: Authorized shares - 4,000,000 Issued shares - 1,875,985 in 2012 and 1,871,999 in 2011; Outstanding shares - 1,683,985 in 2012 and 1,679,999 in 2011 1,875,985 1,871,999
Other capital 285,994 284,478
Retained earnings 4,915,881 5,001,097
Treasury stock at cost, 192,000 shares (2,112,000) (2,112,000)
Accumulated other comprehensive loss (1,265,941) (1,277,072)
Total stockholders' equity 3,699,919 3,768,502
Total liabilities and stockholders' equity $ 9,699,885 $ 10,068,625