Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 6,398,692	$ 4,795,953
Accounts receivable, less allowance for credit losses of $493,705 and $567,015 as of December 31, 2024 and 2023, respectively	28,236,177	26,234,421
Inventories	56,254,383	55,469,992
Prepaid expenses and other current assets	4,571,230	4,773,464
Restricted cash		750,000
Total current assets	95,460,482	92,023,830
Property, plant and equipment:
Land	2,687,669	2,387,093
Buildings and building improvements	20,506,081	17,501,583
Machinery and equipment	37,367,957	34,704,536
Total property, plant and equipment	60,561,707	54,593,212
Less: accumulated depreciation	28,908,379	26,568,275
Net property, plant and equipment	31,653,328	28,024,937
Intangible assets, less accumulated amortization	20,323,031	19,001,448
Goodwill	9,907,657	8,188,829
Operating lease right-of-use asset, net	4,826,088	2,002,272
Total assets	162,170,586	149,241,316
Current liabilities:
Accounts payable	9,004,876	12,101,735
Operating lease liability - current portion	1,564,243	1,098,942
Current portion of mortgage payable	436,949	419,309
Other accrued liabilities	11,865,533	12,391,998
Total current liabilities	22,871,601	26,011,984
Long-term debt	17,605,567	13,104,691
Mortgage payable, net of current portion	9,868,167	10,283,988
Operating lease liability - non-current portion	3,366,605	1,026,351
Deferred income taxes	1,464,656	899,344
Other non-current liabilities	13,355	16,274
Total liabilities	55,189,951	51,342,632
Commitments and contingencies (see note 17)
STOCKHOLDERS' EQUITY
Common stock, par value $2.50: 5,299,370 shares issued and 3,754,498 shares outstanding in 2024; 5,190,072 shares issued and 3,645,200 shares outstanding in 2023	13,248,415	12,966,178
Treasury stock, at cost, 1,544,872 shares in 2023 and 2022	(15,995,622)	(15,995,622)
Additional paid-in capital	17,981,156	15,917,781
Accumulated other comprehensive loss	(2,751,142)	(1,705,587)
Retained earnings	94,497,828	86,715,934
Total stockholders' equity	106,980,635	97,898,684
Total liabilities and stockholders' equity	$ 162,170,586	$ 149,241,316