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Balance Sheets (Current Period Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,935,750 $ 1,748,382
Marketable securities 8,698,103 7,743,946
Accounts receivable, net of allowance for doubtful accounts of $29,000 at September 30, 2013 and December 31, 2012 2,376,054 1,017,627
Receivable in connection with damage settlement 97,610 518,050
Inventories (net) 1,121,591 1,242,750
Prepaid expenses and other current assets 99,784 132,458
Prepaid income taxes 0 3,602
Deferred income taxes 216,588 216,588
Total current assets 14,545,480 12,623,403
Property, plant and equipment:    
Land 69,000 69,000
Factory equipment and fixtures 4,056,719 3,842,927
Building and improvements 2,747,263 2,725,993
Waste disposal plant 133,532 133,532
Total property, plant and equipment 7,006,514 6,771,452
Less: Accumulated depreciation 5,676,501 5,535,589
Total property, plant and equipment, net 1,330,013 1,235,863
Other assets 4,438 0
TOTAL ASSETS 15,879,931 13,859,266
Accounts payable 136,095 151,385
Accrued expenses 704,436 676,123
Income taxes payable 99,624 0
Total current liabilities 940,155 827,508
Deferred income taxes 153,724 193,740
Commitment (Note 13)      
Stockholders’ equity:    
Common stock $.10 par value, authorized, 10,000,000 shares; 4,596,439 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively. 459,644 459,644
Accumulated other comprehensive income 103,358 178,979
Retained earnings 14,223,050 12,199,395
Total stockholders’ equity 14,786,052 12,838,018
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 15,879,931 $ 13,859,266