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5. FIXED ASSETS

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

5.

FIXED ASSETS

Fixed assets are comprised of the following:

	December 31,
	2013			2012

Land	$	671,035		$	671,035
Buildings		18,398,436			17,716,426
Machinery and equipment		35,752,876			32,935,355
Furniture and fixtures		2,548,700			2,472,083
Lasts, dies and patterns		10,016,163			10,019,986
Construction work-in-progress		1,905,447			1,001,880

Total		69,292,657			64,816,765

Less - accumulated depreciation		(43,087,577	)		(40,564,300	)

Net Fixed Assets	$	26,205,080		$	24,252,465

We incurred approximately $6,204,000, $5,847,000 and $5,609,000 in depreciation expense for 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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