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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 3,036,527 $ 1,936,214
Short-term investments 225,000 1,766,000
Trade receivables, less allowance of $66,000 in 2015 and $49,000 in 2014 2,282,611 2,096,328
Inventories 2,278,361 2,630,650
Prepaid expenses and other assets 104,754 86,400
Income taxes receivable 172,750 163,651
Deferred income taxes 178,000 178,000
Total current assets 8,278,003 8,857,243
PROPERTY, PLANT, AND EQUIPMENT, at cost:    
Land and building 6,394,357 6,247,781
Machinery and equipment 4,273,136 3,956,561
Office equipment 946,319 754,220
Vehicles 247,356 247,356
Construction in progress 1,110,433  
Gross property, plant, and equipment, at cost 12,971,601 11,205,918
Less accumulated depreciation (6,279,345) (5,789,070)
Net property, plant, and equipment, at cost 6,692,256 5,416,848
INTANGIBLE ASSETS, less accumulated amortization of $117,749 in 2015 and $198,918 in 2014 330,806 353,871
Total assets 15,301,065 14,627,962
CURRENT LIABILITIES:    
Accounts payable, trade 451,813 371,181
Accounts payable, construction 569,843  
Accrued compensation 394,048 294,706
Other accrued liabilities 70,275 78,610
Total current liabilities 1,485,979 744,497
DEFERRED INCOME TAXES 545,000 545,000
Total liabilities 2,030,979 1,289,497
STOCKHOLDERS' EQUITY:    
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 2,697,395 2,681,307
Retained earnings 10,370,866 10,455,333
Total stockholders' equity 13,270,086 13,338,465
Total liabilities and stockholders' equity $ 15,301,065 $ 14,627,962