Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting by Segment

Information by segment is as follows:

	Fastener			Assembly (1) Equipment		Other			Consolidated
Three Months Ended March 31, 2025
Net sales	$	6,195,551		$	1,086,664	$	-		$	7,282,215
Less: intercompany sales		(36,580	)		—		—			(36,580	)
Total sales to external customers		6,158,971			1,086,664		—			7,245,635
Cost of goods sold		5,140,867			447,027		—			5,587,894
Segment gross profit		1,018,104			639,637		—			1,657,741
Selling and engineering expenses		84,196			—		189,733			273,930
Administrative expenses		485,437			7,789		820,411			1,313,637
Operating income (loss)		448,470			631,848		(1,010,144	)		70,174
Other income		—			339,520		11,687			351,207
Income before income taxes									$	421,381
Depreciation		289,799			27,429		—			317,228
Capital expenditures		42,683			—		-			42,683
Segment Assets:
Accounts receivable, net		4,154,075			708,961		-			4,863,036
Inventories, net		5,510,050			1,538,011		-			7,048,061
Property, plant and equipment, net		9,236,351			1,224,258		-			10,460,609
Other assets		-			-		1,699,351			1,699,351
									$	24,071,057

(1) Includes a one-time gain of $339,520 from the sale of the Albia manufacturing facility in February 2025.

	Fastener			Assembly Equipment		Other			Consolidated
Three Months Ended March 31, 2024
Net sales	$	6,733,294		$	1,129,327	$	-		$	7,862,621
Less: intercompany sales		(9,440	)		-		-			(9,440	)
Total sales to external customers		6,723,854			1,129,327		-			7,853,181
Cost of goods sold		6,318,280			790,339		-			7,108,619
Segment gross profit		405,574			338,988		-			744,562
Selling and engineering expenses		97,999			-		180,095			278,094
Administrative expenses		696,699			16,367		656,705			1,369,771
Operating (loss) income		(389,124	)		322,621		(836,800	)		(903,303	)
Other income		-			-		28,469			28,469
Loss before income taxes									$	(874,834	)
Depreciation		293,381			29,484		540		$	323,405
Capital expenditures		54,222			38,863		-		$	93,085
Segment Assets:
Accounts receivable, net		4,871,135			592,582		-			5,463,717
Inventories, net		5,227,398			1,519,277		-			6,746,675
Property, plant and equipment, net		9,159,982			1,195,183		1,020,133			11,375,298
Other assets		-			-		4,207,043			4,207,043
									$	27,792,733

Schedule of Revenue by Segment Information

The following table presents revenue by segment, further disaggregated by end-market:

	Fastener		Assembly Equipment		Consolidated
Three Months Ended March 31, 2025:
Automotive	$	3,798,658	$	42,111	$	3,840,769
Non-automotive		2,360,313		1,044,553		3,404,866
Total net sales	$	6,158,971	$	1,086,664	$	7,245,635
Three Months Ended March 31, 2024:
Automotive	$	4,629,190	$	48,665	$	4,677,955
Non-automotive		2,094,564		1,080,662		3,175,226
Total net sales	$	6,723,854	$	1,129,327	$	7,853,181

The following table presents revenue by segment, further disaggregated by location:

	Fastener		Assembly Equipment		Consolidated
Three Months Ended March 31, 2025:
United States	$	4,775,167	$	915,692	$	5,690,859
Foreign		1,383,804		170,972		1,554,776
Total net sales	$	6,158,971	$	1,086,664	$	7,245,635
Three Months Ended March 31, 2024:
United States	$	5,435,993	$	1,109,221	$	6,545,214
Foreign		1,287,861		20,106		1,307,967
Total net sales	$	6,723,854	$	1,129,327	$	7,853,181