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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash $ 904,000 $ 380,000
Accounts receivable - net 7,468,000 9,313,000
Inventories 18,362,000 22,882,000
Prepaid expenses and other current assets 2,806,000 1,497,000
TOTAL CURRENT ASSETS 29,540,000 34,072,000
PROPERTY AND EQUIPMENT    
Land 507,000 507,000
Buildings and improvements 3,544,000 3,303,000
Machinery and equipment 25,673,000 25,059,000
Property, Plant and Equipment, Gross 29,724,000 28,869,000
Less accumulated depreciation and amortization 20,329,000 18,760,000
NET PROPERTY AND EQUIPMENT 9,395,000 10,109,000
GOODWILL 4,449,000 4,726,000
OTHER INTANGIBLE ASSETS - net 6,226,000 8,259,000
DEFERRED INCOME TAXES - net 226,000 216,000
RIGHT-OF-USE ASSETS - OPERATING LEASES 3,281,000 3,859,000
OTHER ASSETS - net 250,000 502,000
TOTAL ASSETS 53,367,000 61,743,000
CURRENT LIABILITIES    
Short-term borrowings 1,374,000 5,648,000
Accounts payable 2,199,000 1,843,000
Accrued compensation and benefits 525,000 2,019,000
Accrued other liabilities 1,354,000 1,568,000
Current leased liabilities - operating leases 847,000 879,000
Current maturities of long-term debt (PPP loan) 1,983,000 0
TOTAL CURRENT LIABILITIES 8,282,000 11,957,000
Non-current leased liabilities - operating leases 2,474,000 3,070,000
Long-term debt, less current maturities (PPP loan) 946,000 0
Other liabilities 127,000 210,000
TOTAL LIABILITIES 11,829,000 15,237,000
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued 0 0
Additional paid-in capital 14,144,000 14,056,000
Retained earnings 33,756,000 38,867,000
Treasury stock, at cost - 1,273,000 shares at December 31, 2020, and December 31, 2019 (10,213,000) (10,213,000)
Accumulated other comprehensive loss (577,000) (620,000)
TOTAL SHAREHOLDERS' EQUITY 41,538,000 46,506,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 53,367,000 61,743,000
Common Class A [Member]    
SHAREHOLDERS' EQUITY    
Common stock 4,428,000 4,416,000
TOTAL SHAREHOLDERS' EQUITY 4,428,000 4,416,000
Common Class B [Member]    
SHAREHOLDERS' EQUITY    
Common stock $ 0 $ 0