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Consolidated Balance Sheets - USD ($)
Aug. 27, 2017
Aug. 28, 2016
Current assets:    
Cash and cash equivalents $ 5,846,933 $ 3,739,324
Accounts receivable, less allowance for doubtful accounts of $10,074 2,739,087 3,823,545
Inventories (Note 2) 3,131,679 3,047,512
Prepaid and other current assets 78,409 286,251
Total current assets 11,796,108 10,896,632
Property, plant, and equipment, at cost:    
Land 819,000 819,000
Building and improvements 6,319,087 6,288,811
Machinery and equipment 21,489,333 21,466,372
Less accumulated depreciation (18,306,612) (17,113,365)
Total property, plant, and equipment 10,320,808 11,460,818
Restricted cash (Note 3) 1,250,000
Other assets (Note 10):    
Goodwill and other assets 2,368,452 2,375,136
Total assets 24,485,368 25,982,586
Current liabilities:    
Trade accounts payable 2,058,992 1,729,251
Accrued compensation and employee withholdings 664,277 394,657
Other accrued expenses and deferred revenue 530,552 133,477
Current portion of long-term debt (Note 3) 1,438,057 1,557,801
Total current liabilities 4,691,878 3,815,186
Long-term debt, less current portion (Note 3) 5,441,848 6,785,432
Deferred tax liabilities (Note 6) 915,068 1,402,735
Stockholders’ equity (Note 5):    
Common stock, par value $.10 a share; authorized 10,000,000 shares; issued and outstanding 2,959,940 and 2,919,500 shares, respectively 295,994 291,950
Capital in excess of par value 4,192,578 3,848,484
Deferred compensation (76,500)
Retained earnings 9,024,502 9,838,799
Total stockholders’ equity 13,436,574 13,979,233
Total Liabilities and Stockholders’ Equity $ 24,485,368 $ 25,982,586