2 - Balance Sheet Details

12 Months Ended

Dec. 31, 2022

Notes

2 - Balance Sheet Details

2 - Balance Sheet Details

	December 31, 2022	December 31, 2021
Inventories:
Raw materials	$ 4,460,071	$ 4,645,923
Work in process	2,747,427	2,181,457
Finished goods	2,534,732	2,304,400
	9,742,230	9,131,780
Valuation reserves	(621,000)	(612,000)
	$ 9,121,230	$ 8,519,780

	December 31, 2022	December 31, 2021
Property, Plant and Equipment, net:
Land and improvements	$ 1,510,513	$ 1,778,819
Buildings and improvements	6,818,066	8,456,983
Machinery and equipment	35,982,194	35,618,735
Capitalized software and other	1,038,768	1,060,379
	45,349,541	46,914,916
Accumulated depreciation	(33,487,748)	(34,441,052)
	$ 11,861,793	$ 12,473,864

	December 31, 2022	December 31, 2021
Other Accrued Expenses:
Profit sharing plan contribution	$ 170,000	$ 145,000
Property taxes	41,497	80,269
All other items	116,464	141,149
	$ 327,961	$ 366,418

	December 31, 2022	December 31, 2021
Allowance for Doubtful Accounts:
Balance at beginning of year	$ 170,000	$ 170,000
Charges to statement of income	(1,660)	0
Write-offs, net of recoveries	(8,340)	0
Balance at end of year	$  160,000	$ 170,000

	December 31, 2022	December 31, 2021
Inventory Valuation Reserves:
Balance at beginning of year	$   612,000	$   600,000
Charges to statement of income	17,070	41,308
Write-offs	(8,070)	(29,308)
Balance at end of year	$   621,000	$   612,000