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BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 929,700 $ 1,048,713
Short-term investments 2,895,000 3,246,000
Trade receivables, less allowances of $53,000 in 2017 and $54,000 in 2016 2,190,260 2,336,501
Inventories 2,086,065 1,986,172
Prepaid expenses and other assets 168,242 361,905
Income taxes receivable 2,116 66,181
Total current assets 8,271,383 9,045,472
PROPERTY, PLANT, AND EQUIPMENT, at cost:    
Land and building 9,207,790 9,189,743
Machinery and equipment 4,968,595 4,884,814
Office equipment 1,573,191 1,566,856
Vehicles 245,679 272,144
Gross property, plant, and equipment, at cost 15,995,255 15,913,557
Less accumulated depreciation (7,693,594) (7,001,162)
Total property, plant, and equipment, at cost 8,301,661 8,912,395
INTANGIBLE ASSETS, less accumulated amortization of $174,991 in 2017 and $149,072 in 2016 351,186 338,127
Total assets 16,924,230 18,295,994
CURRENT LIABILITIES:    
Current portion of long-term debt, net 130,899 127,303
Accounts payable 321,860 730,386
Accrued compensation 360,554 388,600
Other accrued liabilities 62,468 67,088
Total current liabilities 875,781 1,313,377
LONG-TERM LIABILITIES    
Long-term debt, less current portion, net 2,946,518 3,077,457
Deferred income taxes 144,000 446,000
Total long-term liabilities 3,090,518 3,523,457
Total liabilities 3,966,299 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 1,983,553 shares in 2017 and 2,018,753 shares in 2016 198,355 201,875
Additional paid-in capital 2,709,390 2,732,006
Retained earnings 10,050,186 10,525,279
Total stockholders' equity 12,957,931 13,459,160
Total liabilities and stockholders' equity $ 16,924,230 $ 18,295,994