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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 917,032 $ 2,248,466
Short-term investments 3,399,000  
Trade receivables, less allowance of $52,000 in 2016 and $122,000 in 2015 2,154,232 2,165,194
Inventories 2,079,133 2,119,805
Prepaid expenses and other assets 178,521 85,648
Income taxes receivable 71,779 102,778
Total current assets 8,799,697 6,721,891
PROPERTY, PLANT, AND EQUIPMENT, at cost:    
Land and building 9,189,743 6,391,555
Machinery and equipment 4,904,353 4,275,910
Office equipment 1,157,909 933,596
Vehicles 272,144 272,141
Construction in progress 398,725 2,491,432
Gross property, plant, and equipment, at cost 15,922,874 14,364,634
Less accumulated depreciation (6,892,090) (6,407,304)
Net property, plant, and equipment, at cost 9,030,784 7,957,330
INTANGIBLE ASSETS, less accumulated amortization of $142,593 in 2016 and $123,957 in 2015 343,302 336,096
Total assets 18,173,783 15,015,317
CURRENT LIABILITIES:    
Current portion of long-term debt 126,419  
Accounts payable - Trade 747,241 420,245
Accounts payable - Construction 8,778 333,339
Accrued compensation 253,228 350,518
Other accrued liabilities 97,192 31,000
Total current liabilities 1,232,858 1,135,102
LONG-TERM LIABILITIES    
Long-term debt less current portion 3,109,647  
Deferred income taxes 385,000 385,000
Total long-term liabilities 3,494,647 385,000
Total liabilities 4,727,505 1,520,102
COMMITMENTS AND CONTINGENCIES
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 2,018,753 shares in 2016 and 2,018,253 in 2015 201,875 201,825
Additional paid-in capital 2,725,384 2,703,050
Retained earnings 10,519,019 10,590,340
Total stockholders' equity 13,446,278 13,495,215
Total liabilities and stockholders' equity $ 18,173,783 $ 15,015,317