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

6 Months Ended

Jun. 30, 2021

Tables/Schedules

Schedule of Segment Reporting by Segment

	Fastener	Assembly Equipment	Other	Consolidated
Three Months Ended June 30, 2021:
Net sales	$   7,142,044	$   1,222,346	0	$   8,364,390
Depreciation	291,342	33,533	5,449	330,324
Segment operating profit	574,638	340,002	0	914,640
Selling and administrative expenses	0	0	(512,526)	(512,526)
Interest income	0	0	4,393	4,393
Income before income taxes				$      406,507
Capital expenditures	228,750	0	0	228,750
Segment assets:
Accounts receivable, net	5,443,167	466,811	0	5,909,978
Inventories, net	5,861,971	1,194,698	0	7,056,669
Property, plant and equipment, net	10,214,388	1,501,796	1,103,343	12,819,527
Other assets	0	0	6,635,401	6,635,401
				$  32,421,575
Three Months Ended June 30, 2020:
Net sales	$   3,513,742	$   589,778	0	$    4,103,520
Depreciation	297,534	32,869	8,378	338,781
Segment operating loss	(653,510)	31,010	0	(622,500)
Selling and administrative expenses	0	0	(503,340)	(503,340)
Interest income	0	0	25,324	25,324
Loss before income taxes				$   (1,100,516)
Capital expenditures	29,545	0	57,810	87,355
Segment assets:
Accounts receivable, net	3,327,037	230,600	0	3,557,637
Inventories, net	3,782,622	963,164	0	4,745,786
Property, plant and equipment, net	10,651,338	1,621,026	980,904	13,253,268
Other assets	0	0	8,859,829	8,859,829
				$   30,416,520
Six Months Ended June 30, 2021:
Net sales	$ 15,290,722	$ 2,378,617	0	$   17,669,339
Depreciation	582,525	67,066	10,898	660,489
Segment operating profit	1,501,796	636,702	0	2,138,498
Selling and administrative expenses	0	0	(1,056,298)	(1,056,298)
Interest income	0	0	14,435	14,435
Income before income taxes				$     1,096,635
Capital expenditures	333,274	0	11,939	345,213
Six Months Ended June 30, 2020:
Net sales	$   10,251,139	$   1,428,836	0	$   11,679,975
Depreciation	593,644	65,738	16,755	676,137
Segment operating loss	(249,492)	215,581	0	(33,911)
Selling and administrative expenses	0	0	(1,054,236)	(1,054,236)
Interest income	0	0	59,199	59,199
Loss before income taxes				$  (1,028,948)
Capital expenditures	197,542	0	57,810	255,352