Segment Reporting: Schedule of Segment Reporting, by Segment (Tables)

9 Months Ended

Sep. 30, 2020

Tables/Schedules

Schedule of Segment Reporting, by Segment

	Fastener	Assembly Equipment	Other	Consolidated
Three Months Ended September 30, 2020:
Net sales	$ 7,024,416	$ 620,843	0	$ 7,645,259
Depreciation	297,533	32,869	8,377	338,779
Segment operating profit	783,234	103,759	0	886,993
Selling and administrative expenses	0	0	(493,370)	(493,370)
Interest income	0	0	20,512	20,512
Income before income taxes				$    414,135
Capital expenditures	28,165	0	92,140	120,305
Segment assets:
Accounts receivable, net	5,059,552	287,364	0	5,346,916
Inventories, net	3,880,189	1,064,617	0	4,944,806
Property, plant and equipment, net	10,381,970	1,588,157	1,064,667	13,034,794
Other assets	0	0	8,108,571	8,108,571
				$ 31,435,087
Three Months Ended September 30, 2019:
Net sales	$ 7,306,895	$ 882,010	0	$ 8,188,905
Depreciation	305,082	32,507	9,742	347,331
Segment operating profit	605,503	336,320	0	941,823
Selling and administrative expenses	0	0	(563,705)	(563,705)
Interest income	0	0	36,679	36,679
Income before income taxes				$ 414,797
Capital expenditures	267,179	2,576	0	269,755
Segment assets:
Accounts receivable, net	5,174,674	439,348	0	5,614,022
Inventories, net	4,294,760	1,181,573	0	5,476,333
Property, plant and equipment, net	11,126,165	1,715,513	949,254	13,790,932
Other assets	0	0	8,195,043	8,195,043
				$ 33,076,330
Nine Months Ended September 30, 2020:
Net sales	$ 17,275,555	$ 2,049,679	0	$ 19,325,234
Depreciation	891,177	98,607	25,132	1,014,916
Segment operating profit	533,742	319,340	0	853,082
Selling and administrative expenses	0	0	(1,547,606)	(1,547,606)
Interest income	0	0	79,711	79,711
Income (loss) before income taxes				$ (614,813)
Capital expenditures	225,707	0	149,950	375,657
Nine Months Ended September 30, 2019:
Net sales	$ 22,702,719	$ 2,983,315	0	$ 25,686,034
Depreciation	907,887	92,884	29,227	1,029,998
Segment operating profit	1,681,703	988,196	0	2,669,899
Selling and administrative expenses	0	0	(1,705,159)	(1,705,159)
Interest income	0	0	108,458	108,458
Income before income taxes				$ 1,073,198
Capital expenditures	1,307,859	228,900	26,025	1,562,784