XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
Aug. 28, 2016
Aug. 30, 2015
Current assets:    
Cash and cash equivalents $ 3,739,324 $ 4,149,645
Accounts receivable, less allowance for doubtful accounts of $10,074 3,823,545 2,985,256
Inventories (Note 2) 3,047,512 5,951,706
Prepaid and other current assets 286,251 542,064
Deferred tax assets (Note 6) 117,904
Total current assets 10,896,632 13,746,575
Property, plant, and equipment, at cost:    
Land 819,000 819,000
Building and improvements 6,288,811 6,256,562
Machinery and equipment 21,466,372 21,634,723
Less accumulated depreciation (17,113,365) (15,809,385)
Total property, plant, and equipment 11,460,818 12,900,900
Restricted cash (Note 3) 1,250,000
Other assets (Note 10):    
Goodwill and other assets 2,375,136 2,379,147
Total Assets 25,982,586 29,026,622
Current liabilities:    
Trade accounts payable 1,729,251 2,793,948
Accrued compensation and employee withholdings 394,657 388,770
Other accrued expenses 133,477 208,364
Current portion of long-term debt (Note 3) 1,557,801 1,527,688
Total current liabilities 3,815,186 4,918,770
Long-term debt, less current portion (Note 3) 6,785,432 8,342,926
Deferred tax liabilities (Note 6) 1,402,735 1,890,194
Stockholders' equity (Note 5):    
Common stock, par value $.10 a share; authorized 10,000,000 shares; issued and outstanding 2,919,500 shares 291,950 291,950
Capital in excess of par value 3,848,484 3,683,471
Retained earnings 9,838,799 9,899,311
Total stockholders' equity 13,979,233 13,874,732
Total Liabilities and Stockholders' Equity $ 25,982,586 $ 29,026,622