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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 1,240,086 $ 1,048,713
Short-term investments 2,895,000 3,246,000
Trade receivables, less allowance of $52,000 in 2017 and $54,000 in 2016 2,066,736 2,336,501
Inventories 2,276,601 1,986,172
Prepaid expenses and other assets 146,772 361,905
Income taxes receivable 273,973 66,181
Total current assets 8,899,168 9,045,472
PROPERTY, PLANT, AND EQUIPMENT, at cost:    
Land and building 9,201,846 9,189,743
Machinery and equipment 4,950,091 4,884,814
Office equipment 1,600,760 1,566,856
Vehicles 269,941 272,144
Gross property, plant, and equipment, at cost 16,022,638 15,913,557
Less accumulated depreciation (7,397,569) (7,001,162)
Net property, plant, and equipment, at cost 8,625,069 8,912,395
INTANGIBLE ASSETS, less accumulated amortization of $162,032 in 2017 and $149,072 in 2016 340,211 338,127
Total assets 17,864,448 18,295,994
CURRENT LIABILITIES:    
Current portion of long-term debt, net 129,086 127,303
Accounts payable 874,795 730,386
Accrued compensation 337,394 388,600
Other accrued liabilities 91,398 67,088
Total current liabilities 1,432,673 1,313,377
LONG-TERM LIABILITIES    
Long-term debt, less current portion, net 3,012,299 3,077,457
Deferred income taxes 446,000 446,000
Total long-term liabilities 3,458,299 3,523,457
Total liabilities 4,890,972 4,836,834
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Preferred stock, par value $.10 per share; authorized 250,000 shares: none issued
Common stock, par value $.10 per share; authorized 4,750,000 shares; issued and outstanding 2,017,053 shares in 2017 and 2,018,753 shares in 2016 201,705 201,875
Additional paid-in capital 2,742,659 2,732,006
Retained earnings 10,029,112 10,525,279
Total stockholders' equity 12,973,476 13,459,160
Total liabilities and stockholders' equity $ 17,864,448 $ 18,295,994