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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 1,355,828 $ 929,700
Short-term investments 2,920,000 2,895,000
Trade receivables, less allowances of $53,000 as of June 30, 2018 and December 31, 2017 1,868,913 2,190,260
Inventories 2,471,546 2,086,065
Prepaid expenses and other assets 184,426 168,242
Income taxes receivable 3,481 2,116
Total current assets 8,804,194 8,271,383
PROPERTY, PLANT, AND EQUIPMENT, at cost:    
Land and building 9,366,400 9,207,790
Machinery and equipment 5,074,952 4,968,595
Office equipment 1,583,524 1,573,191
Vehicles 245,679 245,679
Gross property, plant, and equipment, at cost 16,270,555 15,995,255
Less accumulated depreciation (8,040,289) (7,693,594)
Total property, plant, and equipment, at cost 8,230,266 8,301,661
INTANGIBLE ASSETS, less accumulated amortization of $137,686 as of June 30, 2018 and $174,991 as of December 31, 2017 370,844 351,186
Total assets 17,405,304 16,924,230
CURRENT LIABILITIES:    
Current portion of long-term debt, net 126,422 130,899
Accounts payable 830,183 321,860
Accrued compensation 341,369 360,554
Other accrued liabilities 84,615 62,468
Total current liabilities 1,382,589 875,781
LONG-TERM LIABILITIES    
Long-term debt, less current portion, net 2,886,874 2,946,518
Deferred income taxes 156,839 144,000
Total long-term liabilities 3,043,713 3,090,518
Total liabilities 4,426,302 3,966,299
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 as of June 30, 2018 and December 31, 2017 198,355 198,355
Additional paid-in capital 2,715,863 2,709,390
Retained earnings 10,064,784 10,050,186
Total stockholders' equity 12,979,002 12,957,931
Total liabilities and stockholders' equity $ 17,405,304 $ 16,924,230