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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 1,084,363 $ 1,152,569
Certificates of deposit 6,814,000 7,810,000
Accounts receivable - Less allowances of $140,000 6,502,374 5,326,650
Inventories, net 5,254,333 4,528,100
Prepaid income taxes 148,686 84,112
Other current assets 399,682 357,918
Total current assets 20,203,438 19,259,349
Property, Plant and Equipment    
Land and improvements 1,616,041 1,535,434
Buildings and improvements 8,039,831 8,039,831
Production equipment and other 35,510,017 34,607,507
Property, Plant and Equipment, Gross 45,165,889 44,182,772
Less accumulated depreciation 31,939,664 31,625,819
Net property, plant and equipment 13,226,225 12,556,953
Total assets 33,429,663 31,816,302
Current Liabilities:    
Accounts payable 1,204,908 737,040
Accrued wages and salaries 895,390 674,316
Other accrued expenses 440,352 495,132
Unearned revenue and customer deposits 373,848 312,775
Total current liabilities 2,914,498 2,219,263
Deferred income taxes 855,084 737,084
Total liabilities 3,769,582 2,956,347
Shareholders' Equity:    
Preferred stock, no par value, 500,000 shares authorized: none outstanding 0 0
Common stock, $1.00 par value, 4,000,000 shares authorized, 1,138,096 shares issued; 966,132 shares outstanding 1,138,096 1,138,096
Additional paid-in capital 447,134 447,134
Retained earnings 31,996,949 31,196,823
Treasury stock, 171,964 shares at cost 3,922,098 3,922,098
Total shareholders' equity 29,660,081 28,859,955
Total liabilities and shareholders' equity $ 33,429,663 $ 31,816,302