Note 14 - Geographical, Customer Concentration and Products Data

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

14. Geographical, Customer Concentration and Products Data

The Company is primarily engaged in one business, the manufacture, sale and rental of security storage products. This includes coin, key-only and electronically controlled checking lockers and related locks, plastic centralized mail and parcel distribution lockers, and fabricated metal products built to customer specifications. Net sales by product group for the years ended December 31 are as follows:

	2013		2012		2011
Lockers	$	8,501,396	$	8,327,294	$	9,522,019
Mailboxes		2,931,640		2,350,717		2,284,582
Contract manufacturing		1,858,804		1,729,898		430,586
Concession revenues		1,334,049		1,268,277		1,149,149
	$	14,625,889	$	13,676,186	$	13,386,336

The Company sells to customers in the United States, Canada and other foreign locations. Sales are attributed based on the country to which they are shipped. Net sales to external customers for the years ended December 31 are as follows:

	2013		2012		2011
United States customers	$	11,966,000	$	11,283,881	$	10,646,590
Canadian and other foreign customers		2,659,889		2,392,305		2,739,746
	$	14,625,889	$	13,676,186	$	13,386,336

The Company did not have any customers that accounted for more than 10% of consolidated sales in 2013, 2012, or 2011.

At December 31, 2013 and 2012, the Company had unsecured trade receivables from governmental agencies of approximately $32,000 and $8,000, respectively. At December 31, 2013 and 2012, the Company had trade receivables from customers considered to be distributors of approximately $275,000 and $583,000, respectively.

At December 31, 2013, the Company had six customers that accounted for 24.0% of accounts receivable. At December 31, 2012, the Company had six customers that accounted for 27.0% of accounts receivable. Other concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company’s customer base and their dispersion across many industries.