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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 2,368,778 $ 1,936,214
Short-term investments 1,205,000 1,766,000
Trade receivables, less allowance of $56,000 in 2015 and $49,000 in 2014 2,154,908 2,096,328
Inventories 2,363,893 2,630,650
Prepaid expenses and other assets 145,920 86,400
Income taxes receivable 246,111 163,651
Deferred income taxes 178,000 178,000
Total current assets 8,662,610 8,857,243
PROPERTY, PLANT, AND EQUIPMENT, at cost:    
Land and buildings 6,500,802 6,247,781
Machinery and equipment 4,208,267 3,956,561
Office equipment 817,072 754,220
Vehicles 247,356 247,356
Gross property, plant, and equipment, at cost 11,773,497 11,205,918
Less accumulated depreciation 6,116,830 5,789,070
Net property, plant, and equipment, at cost 5,656,667 5,416,848
INTANGIBLE ASSETS, less accumulated amortization of $212,079 in 2015 and $198,918 in 2014 325,113 353,871
Total assets 14,644,390 14,627,962
CURRENT LIABILITIES:    
Accounts payable 596,217 371,181
Accrued compensation 248,483 294,706
Other accrued liabilities 107,015 78,610
Total current liabilities 951,715 744,497
DEFERRED INCOME TAXES 545,000 545,000
Total liabilities $ 1,496,715 $ 1,289,497
STOCKHOLDERS' EQUITY:    
Preferred stock, par value $.10 per share; authorized 250,000 shares: issued none    
Common stock, par value $.10 per share; authorized 4,750,000 shares: issued and outstanding 2,018,253 shares in 2015 and 2014 $ 201,825 $ 201,825
Additional paid-in capital 2,691,740 2,681,307
Retained earnings 10,254,110 10,455,333
Total stockholders' equity 13,147,675 13,338,465
Total liabilities and stockholders' equity $ 14,644,390 $ 14,627,962