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Unrestricted Net Assets (Tables)
12 Months Ended
Dec. 31, 2014
Unrestricted Net Assets  
Condensed Balance Sheets

Balance Sheets   2014     2013  
             
Assets                
Cash and cash equivalents   $ 61,500     $ 113,700  
Accounts receivable, net     1,365,000       1,512,300  
Inventories     2,047,700       2,217,300  
Other current assets     173,600       165,500  
Total current assets     3,647,800       4,008,800  
                 
Investment in subsidiary     1,225,000       1,225,000  
Property and equipment     9,904,500       10,519,200  
Intercompany receivable     421,900       716,700  
Other assets     310,400       324,500  
Total assets   $ 15,509,600     $ 16,794,200  
                 
Liabilities                
Line of credit   $ 1,192,900     $ 1,517,200  
Accounts payable     2,620,000       2,524,500  
Accrued liabilities     1,031,300       1,001,700  
Note payable to related party     1,038,700       -  
Current maturities of debt and capital leases     3,918,900       4,453,300  
Total current liabilities     9,801,800       9,496,700  
                 
Long-term debt and capital leases     12,100       17,700  
Notes to related parties     3,588,900       3,497,900  
Severance payable     760,100       -  
Total liabilities     14,162,900       13,012,300  
                 
Stockholders’ equity                
Common stock     15,100,300       15,100,300  
Preferred stock     227,600       227,600  
Accumulated deficit     (13,981,200 )     (11,546,000 )
Total stockholders’ equity     1,346,700       3,781,900  
Total liabilities and stockholders’ equity   $ 15,509,600     $ 16,794,200  

Condensed Statement of Operations

Statement of Operations   2014     2013  
             
Net sales   $ 12,253,800     $ 14,024,400  
Cost of goods sold     10,249,000       11,354,400  
Selling, marketing, and retail expenses     1,433,700       1,710,600  
General and administrative expenses     2,538,100       2,094,200  
Loss from operations     (1,967,000 )     (1,134,800 )
                 
Other income and (expense)                
Interest expenses     (518,500 )     (448,200 )
Profit (Loss) on disposal of assets     3,500       (77,600 )
Other income     46,800       138,300  
Provision for taxes     -       (4,100 )
      (468,200 )     (391,600 )
Net loss   $ (2,435,200 )   $ (1,526,400 )

Condensed Statement of Cash Flows

Statements of Cash Flows   2014     2013  
             
Cash flows from operating activities   $ (380,900 )   $ 935,800  
Cash flow from investing activities                
Purchase of property and equipment     (105,300 )     (342,000 )
Proceeds from sale of equipment     3,500       -  
Net cash flows from investing     (101,800 )     (342,000 )
Cash flow from financing activities                
Net repayments on line of credit     (324,300 )     (370,500 )
Borrowing on note payable     1,000,000       -  
Borrowings on long term debt     -       539,700  
Repayment of long-term debt     (534,700 )     (524,100 )
Payment on obligations under capital leases     (5,300 )     (3,100 )
Net change in intercompany payable     294,800       (245,300 )
Net cash flows from financing activities     430,500       (603,300 )
Cash, beginning of year     113,700       123,200  
Cash, end of year   $ 61,500     $ 113,700