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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and Cash Equivalents $ 2,567,731 $ 1,429,454
Certificates of Deposit 4,733,000 6,574,000
Accounts Receivable - Less allowances of $170,000 and $140,000 in 2020 and 2019, respectively 5,163,450 4,609,314
Inventories, net 5,153,294 4,951,177
Prepaid Income Taxes 85,940 58,186
Other Current Assets 383,772 427,192
Total Current Assets 18,087,187 18,049,323
Property, Plant and Equipment, net 13,150,884 13,674,053
Total Assets 31,238,071 31,723,376
Current Liabilities    
Accounts Payable 466,424 490,580
Accrued Wages and Salaries 482,008 629,972
Other Accrued Expenses 322,968 349,069
Unearned Revenue and Customer Deposits 249,498 152,644
Total Current Liabilities 1,520,898 1,622,265
Deferred Income Taxes, net 1,011,084 943,084
Total Liabilities 2,531,982 2,565,349
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 31,042,957 31,494,895
Treasury Stock, 171,964 Shares at cost (3,922,098) (3,922,098)
Total Shareholders' Equity 28,706,089 29,158,027
Total Liabilities and Shareholders' Equity $ 31,238,071 $ 31,723,376