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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and Cash Equivalents $ 2,036,954 $ 2,567,731
Certificates of Deposit 2,741,000 4,733,000
Accounts Receivable - Less allowances of $170,000 5,647,984 5,163,450
Inventories, net 8,519,780 5,153,294
Prepaid Income Taxes 440 85,940
Other Current Assets 346,236 383,772
Total Current Assets 19,292,394 18,087,187
Property, Plant and Equipment, net 12,473,864 13,150,884
Total Assets 31,766,258 31,238,071
Current Liabilities    
Accounts Payable 692,635 466,424
Accrued Wages and Salaries 509,332 482,008
Other Accrued Expenses 366,418 322,968
Unearned Revenue and Customer Deposits 302,424 249,498
Total Current Liabilities 1,870,809 1,520,898
Deferred Income Taxes, net 926,084 1,011,084
Total Liabilities 2,796,893 2,531,982
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 31,306,233 31,042,957
Treasury Stock, 171,964 Shares at cost (3,922,098) (3,922,098)
Total Shareholders' Equity 28,969,365 28,706,089
Total Liabilities and Shareholders' Equity $ 31,766,258 $ 31,238,071