2 - Balance Sheet Details

12 Months Ended

Dec. 31, 2020

Notes

2 - Balance Sheet Details

2-Balance Sheet Details

	December 31, 2020	December 31, 2019
Inventories:
Raw materials	$ 2,245,709	$ 2,337,278
Work in process	1,410,868	1,201,099
Finished goods	2,096,717	1,869,800
	5,753,294	5,408,177
Valuation reserves	(600,000)	(457,000)
	$ 5,153,294	$ 4,951,177

	December 31, 2020	December 31, 2019
Property, Plant and Equipment, net:
Land and improvements	$ 1,636,749	$ 1,636,749
Buildings and improvements	8,534,317	8,331,804
Machinery and equipment	35,194,944	35,037,010
Capitalized software and other	1,045,027	1,371,736
	46,411,037	46,377,299
Accumulated depreciation	(33,260,153)	(32,703,246)
	$ 13,150,884	$ 13,674,053

	December 31, 2020	December 31, 2019
Other Accrued Expenses:
Profit sharing plan contribution	$ 120,000	$ 175,000
Property taxes	84,570	83,475
All other items	118,398	90,594
	$ 322,968	$ 349,069

	December 31, 2020	December 31, 2019
Allowance for Doubtful Accounts:
Balance at beginning of year………………………….	$ 140,000	$   140,000
Charges to statement of income……………………...	35,774	4,895
Write-offs………………………………………………...	(5,774)	(4,895)
Balance at end of year…………………………………	$   170,000	$   140,000

	December 31, 2020	December 31, 2019
Inventory Valuation Reserves:
Balance at beginning of year………………………….	$     457,000	$     579,000
Charges to statement of income……………………...	155,058	(15,477)
Write-offs………………………………………………...	(12,058)	(106,523)
Balance at end of year…………………………………	$     600,000	$    457,000