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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 396,114 $ 413,353
Accounts receivable, less allowance for doubtful accounts of approximately $109,000 in 2013 and $162,000 in 2012 2,530,924 2,385,644
Inventories, net 3,267,536 2,671,616
Prepaid expenses 491,874 298,185
Deferred income taxes 293,794 287,417
Total current assets 6,980,242 6,056,215
Property, plant and equipment:    
Land 0 500
Buildings and leasehold improvements 577,133 803,021
Machinery and equipment 11,977,174 11,292,235
12,554,307 12,095,756
Less allowance for depreciation and amortization (9,033,008) (8,861,997)
3,521,299 3,233,759
Other noncurrent assets 38,174 45,173
Deferred income taxes 620,168 628,351
Total assets 11,159,883 9,963,498
Current liabilities:    
Accounts payable 2,266,346 1,856,023
Customer deposits 221,958 255,753
Commissions, salaries, wages, and taxes thereon 152,629 157,087
Income taxes payable 6,507 3,888
Revolving line of credit 1,699,742 1,300,000
Current portion of long-term debt 240,000 200,000
Accrued settlement, current portion 156,000  
Other accrued expenses 1,331,539 690,584
Total current liabilities 6,074,721 4,463,335
Long-term liabilities:    
Long-term debt, net of current portion 960,000 400,000
Accrued settlement, net of current portion 169,000  
Pension and other benefits 2,038,487 2,128,210
3,167,487 2,528,210
Total liabilities 9,242,208 6,991,545
Stockholders’ equity:    
Common stock, $1.00 par value: Authorized shares – 4,000,000 Issued shares – 1,879,319 in 2013 and 1,879,319 in 2012; Outstanding shares – 1,687,319 in 2013 and 1,687,319 in 2012 1,879,319 1,879,319
Other capital 271,380 288,395
Retained earnings 3,055,365 4,386,520
Treasury stock at cost, 192,000 shares (2,112,000) (2,112,000)
Accumulated other comprehensive loss (1,476,389) (1,470,281)
Total stockholders’ equity 1,917,675 2,971,953
Total liabilities and stockholders’ equity 11,159,883 9,963,498
Redeemable Convertible Preferred Stock [Member] | Series C Preferred Stock [Member]
   
Stockholders’ equity:    
Series C redeemable, convertible preferred stock, $1.00 par value: Liquidation preference of $5 per share Authorized shares - 100,000 Issued and outstanding shares - 60,000 in 2013 and 0 in 2012 $ 300,000