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Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 275,907 $ 525,632
Accounts receivable, less allowance for doubtful accounts of approximately $166,000 in 2012 and $149,000 in 2011 2,046,314 1,754,959
Inventories, net 2,703,780 2,845,563
Prepaid expenses 459,626 330,403
Deferred income taxes 336,951 278,437
Total current assets 5,822,578 5,734,994
Property, plant and equipment:    
Land 500 500
Buildings and leasehold improvements 953,055 754,922
Machinery and equipment 10,989,557 10,891,820
Total property, plant and equipment 11,943,112 11,647,242
Less allowance for depreciation and amortization (8,689,152) (8,087,988)
Net property, plant and equipment 3,253,960 3,559,254
Other noncurrent assets 47,269 47,259
Deferred income taxes 720,620 727,118
Total assets 9,844,427 10,068,625
Current liabilities:    
Accounts payable 1,689,808 1,627,489
Customer deposits 202,587 398,167
Commissions, salaries, wages, and taxes thereon 111,516 162,507
Income taxes payable 3,397 69,718
Revolving line of credit 1,050,000 700,000
Current portion of long-term debt 200,000 200,000
Other accrued expenses 669,143 491,188
Total current liabilities 3,926,451 3,649,069
Long-term liabilities:    
Long-term debt, net of current portion 450,000 600,000
Pension and other benefits 1,937,185 2,051,054
Total long-term liabilities 2,387,185 2,651,054
Total liabilities 6,313,636 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 4,771,254 5,001,097
Treasury stock at cost, 192,000 shares (2,112,000) (2,112,000)
Accumulated other comprehensive loss (1,290,442) (1,277,072)
Total stockholders' equity 3,530,791 3,768,502
Total liabilities and stockholders' equity $ 9,844,427 $ 10,068,625