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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 671,000 $ 4,004,000
Cash, restricted 500,000 0
Accounts receivable, net 10,746,000 9,469,000
Inventories, net 20,007,000 19,044,000
Prepaid income taxes 138,000 138,000
Other current assets 1,619,000 597,000
Total current assets 33,681,000 33,252,000
Property, plant and equipment, net 10,790,000 10,656,000
Deferred income taxes 1,067,000 1,072,000
Other non-current assets 311,000 314,000
Total Assets 45,849,000 45,294,000
Current liabilities:    
Current portion of long-term debt 939,000  
Current portion of equipment financing and capital leases   501,000
Current portion of postretirement benefits 87,000 87,000
Accounts payable 4,085,000 3,113,000
Accrued employee compensation and benefits costs 1,377,000 1,163,000
Accrued warranty 594,000 581,000
Other accrued liabilities 1,150,000 762,000
Total current liabilities 8,232,000 6,207,000
Long-term debt 0 0
Post retirement obligation 3,998,000 3,975,000
Shareholders' equity:    
Common stock, par value $0.20; authorized 4,000,000 shares; issued 2,629,052 shares; outstanding 2,484,042 (2,483,318 - 2022) shares 523,000 523,000
Capital in excess of par value 14,573,000 14,556,000
Retained earnings 22,194,000 23,741,000
Accumulated other comprehensive loss (2,324,000) (2,337,000)
Employee stock ownership trust commitment (157,000) (157,000)
Treasury stock, at cost 103,739 (104,464 - 2022) shares (1,190,000) (1,214,000)
Total shareholders' equity 33,619,000 35,112,000
Total Liabilities and Shareholders' Equity $ 45,849,000 $ 45,294,000