Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 4,409,042	$ 9,338,269
Accounts receivable, less allowance	25,101,663	26,012,368
Inventories, net	41,332,137	40,086,871
Prepaid expenses and other current assets	2,149,295	2,380,137
Total current assets	72,992,137	77,817,645
Property, plant and equipment:
Land	1,422,785	1,428,597
Buildings	10,143,678	9,561,692
Machinery and equipment	18,244,038	16,242,764
Total property, plant and equipment	29,810,501	27,233,053
Less: accumulated depreciation	15,267,877	13,504,914
Net plant, property and equipment	14,542,624	13,728,139
Intangible assets, less accumulated amortization	17,044,400	17,882,005
Goodwill	4,696,370	4,696,370
Deferred income taxes	113,353	509,646
Other assets	88,902	96,001
Total assets	109,477,786	114,729,806
Current liabilities:
Accounts payable	7,982,620	11,150,960
Current portion of mortgage payable	266,667	266,667
Other accrued liabilities	5,115,400	5,365,344
Total current liabilities	13,364,687	16,782,971
Long-term debt	40,283,115	43,450,348
Mortgage payable, net of current portion	3,444,445	3,711,111
Other accrued liabilities - non current	53,128	847,383
Total liabilities	57,145,375	64,791,813
STOCKHOLDERS' EQUITY
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,838,071 shares in 2018 and in 2017, including treasury stock	12,094,413	12,094,413
Treasury stock, at cost, 1,487,238 shares in 2018 and 1,464,010 shares in 2017	(14,235,190)	(13,870,041)
Additional paid-in capital	8,981,523	8,880,543
Accumulated other comprehensive loss	(2,057,985)	(1,633,999)
Retained earnings	47,549,650	44,467,077
Total stockholders' equity	52,332,411	49,937,993
Total liabilities and stockholders' equity	$ 109,477,786	$ 114,729,806