Nature of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Nature of Business and Summary of Significant Accounting Policies

Schedule of inventories

	2016			2015
Raw materials	$	14,533,690		$	13,782,411
Work in process	4,104,968			4,674,223
Finished goods	2,688,596			2,478,423
Reserves	(673,413		)	(749,612		)
Total	$	20,653,841		$	20,185,445

Schedule of estimated useful lives of property and equipment

Buildings	39 Years
Leasehold improvements	3-15 Years
Manufacturing equipment	3-7 Years
Office and other equipment	3-7 Years

Schedule of property and equipment

	2016			2015
Land	$	375,000		$	375,000
Building and Leasehold Improvements	9,393,092			9,273,866
Manufacturing Equipment	19,632,033			18,588,934
Office and Other Equipment	5,455,459			4,982,686
Accumulated Depreciation	(24,524,750		)	(22,712,738		)
Total Property and Equipment, net	$	10,330,834		$	10,507,748

Schedule of intangible assets

	December 31, 2016
		Gross		Accumulated		Net Book
		Carrying		Amortization		Value
	Years	Amount		Amount		Amount
Bond Issue Costs	15	$	79,373	$	55,561	$	23,812
Customer Relationships	9	1,302,000		216,998		1,085,002
Trade Names	20	814,000		61,050		752,950
Totals		$	2,195,373	$	333,609	$	1,861,764

	December 31, 2015
		Gross		Accumulated		Net Book
		Carrying		Amortization		Value
	Years	Amount		Amount		Amount
Bond Issue Costs	15	$	79,373	$	50,270	$	29,103
Customer Relationships	9	1,302,000		72,333		1,229,667
Trade Names	20	814,000		20,350		793,650
Totals		$	2,195,373	$	142,953	$	2,052,420

Schedule of estimated future amortization expense

Year	Amount
2017	$	191,000
2018	191,000
2019	191,000
2020	191,000
2021	191,000
Thereafter	906,764
	$	1,861,764

Schedule of reconciliation of basic and diluted share amounts

	2016	2015
Basic weighted average common shares outstanding	2,747,424	2,745,759
Weighted average common stock equivalents from assumed exercise of stock options	2,121	—
Diluted weighted average common shares outstanding	2,749,545	2,745,759

Schedule of net sales by markets

(in thousands)	2016		2015
Aerospace and Defense	$	16,115	$	14,458
Medical	53,836		41,308
Industrial	46,671		59,426
Total Net Sales	$	116,622	$	115,192

Schedule of noncurrent assets, excluding deferred taxes, by country

	United States		Mexico		China		Total
December 31, 2016
Property and equipment, net	$	8,731,205	$	1,238,087	$	361,542	$	10,330,834
Other assets	5,145,218		7,726		—		5,152,944
December 31, 2015
Property and equipment, net	$	9,322,484	$	1,185,264	$	—	$	10,507,748
Other assets	5,335,874		7,726		—		5,343,600