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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,760,000 $ 4,843,000
Accounts receivable, less allowance of $922 in 2022 and $1,007 in 2021 46,991,000 34,221,000
Inventories 65,039,000 53,552,000
Prepaid expenses and other current assets 3,647,000 2,635,000
Total current assets 117,437,000 95,251,000
Property, plant and equipment:    
Land 1,977,000 1,761,000
Buildings 16,088,000 13,456,000
Machinery and equipment 30,493,000 29,760,000
Total property, plant and equipment 48,558,000 44,977,000
Less: accumulated depreciation 22,281,000 20,950,000
Net property, plant and equipment 26,277,000 24,027,000
Operating lease right-of-use asset, net 2,787,000 3,130,000
Goodwill 8,188,829 4,799,829
Intangible assets, less accumulated amortization 21,624,624 17,230,529
Other assets - restricted cash 1,500,000  
Total assets 177,815,000 144,439,000
Current liabilities:    
Accounts payable 21,421,000 8,977,000
Operating lease liability - current portion 1,080,000 1,000,000
Current portion of mortgage payable 389,000 389,000
Other accrued liabilities 10,129,000 9,909,000
Total current liabilities 33,019,000 20,275,000
Long-term debt 50,263,000 33,037,000
Mortgage payable, net of current portion 10,897,000 11,081,000
Operating lease liability - non-current portion 1,944,000 2,365,000
Other non-current liabilities 1,869,000 599,000
Total liabilities 97,992,000 67,357,000
Commitments and Contingencies (see note 2)
STOCKHOLDERS' EQUITY    
Common stock, par value $2.50: authorized 8,000,000 shares; 5,066,245 shares issued and 3,521,373 shares outstanding in 2022 and 5,065,518 shares issued and 3,520,646 shares outstanding in 2022 and 2021 12,657,000 12,655,000
Additional paid-in capital 12,598,000 11,930,000
Retained earnings 72,491,000 69,873,000
Treasury stock, at cost - 1,544,872 shares in 2022 and 2021 (15,996,000) (15,996,000)
Accumulated other comprehensive loss:    
Translation adjustment (1,927,000) (1,380,000)
Total stockholders’ equity 79,823,000 77,082,000
Total liabilities and stockholders’ equity $ 177,815,000 $ 144,439,000