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Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 1,090,974 $ 1,514,589
Marketable securities 9,295,755 8,314,403
Accounts receivable, net of allowance for doubtful accounts of $18,000 in 2011 and $23,000 in 2010 1,653,440 1,090,711
Inventories (net) 1,467,434 1,321,389
Prepaid expenses and other current assets 163,034 148,240
Prepaid income taxes 78,613 182,575
Deferred income taxes 223,546 218,328
Total current assets 13,972,796 12,790,235
Property, plant, and equipment:    
Land 69,000 69,000
Factory equipment and fixtures 3,694,379 3,650,283
Building and improvements 2,714,780 2,618,253
Waste disposal plant 133,532 133,532
Total property, plant and equipment 6,611,691 6,471,068
Less accumulated depreciation 5,366,204 5,261,908
Net property, plant, and equipment 1,245,487 1,209,160
Other asset 37,672 75,344
Total assets 15,255,955 14,074,739
Current liabilities:    
Accounts payable 400,389 208,244
Accrued expenses 676,959 815,996
Total current liabilities 1,077,348 1,024,240
Deferred income taxes 64,578 3,626
Stockholders’ equity:    
Common stock, $.10 par value; 10,000,000 shares authorized; 4,596,439 shares issued and outstanding at December 31, 2011 and 2010, Respectively 459,644 459,644
Accumulated other comprehensive income 34,612 6,835
Retained earnings 13,619,773 12,580,394
Total stockholders’ equity 14,114,029 13,046,873
Total liabilities and stockholders’ equity $ 15,255,955 $ 14,074,739