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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 2,425,891 $ 2,285,660
Accounts receivable, less allowance 19,565,088 19,477,128
Inventories 35,507,591 33,671,198
Deferred income taxes 389,961 256,676
Prepaid expenses and other current assets 1,744,956 1,820,744
Total current assets 59,633,487 57,511,406
Property, plant and equipment:    
Land 417,209 435,876
Buildings 5,418,101 5,126,057
Machinery and equipment 10,254,070 10,066,843
Total property, plant and equipment 16,089,380 15,628,776
Less: accumulated depreciation 8,687,902 8,698,235
Net plant, property and equipment 7,401,478 6,930,541
Intangible assets, less accumulated amortization 11,950,991 12,554,611
Goodwill 1,406,000 1,375,000
Deferred income taxes 880,917 812,649
Other assets 148,493 123,879
Total assets 81,421,366 79,308,086
Current liabilities:    
Accounts payable 6,664,160 7,773,021
Other accrued liabilities 5,272,593 7,590,159
Total current liabilities 11,936,753 15,363,180
Long-term debt 25,912,652 24,146,841
Other accrued liabilities - non current 388,400 370,009
Total liabilities 38,237,805 39,880,030
STOCKHOLDERS' EQUITY    
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,751,060 shares in 2015 and 4,653,424 shares in 2014, including treasury stock 11,876,895 11,632,805
Treasury stock, at cost, 1,402,517 in 2015 and 1,362,072 shares in 2014 (12,962,947) (12,283,251)
Additional paid-in capital 9,460,008 7,941,330
Accumulated other comprehensive loss (2,530,790) (1,647,098)
Retained earnings 37,340,395 33,784,270
Total stockholders' equity 43,183,561 39,428,056
Total liabilities and stockholders' equity $ 81,421,366 $ 79,308,086