XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 642,000 $ 539,000
Accounts receivable - net 9,043,000 7,550,000
Inventories 27,548,000 24,021,000
Prepaid expenses and other current assets 4,558,000 4,566,000
TOTAL CURRENT ASSETS 41,791,000 36,676,000
PROPERTY AND EQUIPMENT    
Land 507,000 507,000
Buildings and improvements 3,767,000 3,605,000
Machinery and equipment 26,665,000 25,675,000
Property, Plant and Equipment, Gross 30,939,000 29,787,000
Less accumulated depreciation and amortization 22,121,000 21,707,000
NET PROPERTY AND EQUIPMENT 8,818,000 8,080,000
GOODWILL 5,275,000 4,447,000
OTHER INTANGIBLE ASSETS - net 5,427,000 5,592,000
DEFERRED INCOME TAXES - net 446,000 349,000
RIGHT-OF-USE ASSETS - OPERATING LEASES 3,771,000 2,969,000
OTHER ASSETS - net 73,000 77,000
TOTAL ASSETS 65,601,000 58,190,000
CURRENT LIABILITIES    
Short-term borrowings 12,522,000 5,765,000
Accounts payable 3,845,000 2,920,000
Accrued compensation and benefits 790,000 1,475,000
Accrued other liabilities 1,350,000 1,078,000
Current leased liabilities - operating leases 909,000 840,000
TOTAL CURRENT LIABILITIES 19,416,000 12,078,000
Noncurrent leased liabilities - operating leases 2,915,000 2,176,000
Other liabilities 89,000 96,000
TOTAL LIABILITIES 22,420,000 14,350,000
SHAREHOLDERS' EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued
Additional paid-in capital 14,176,000 14,167,000
Retained earnings 35,428,000 36,046,000
Treasury stock, at cost - 1,273,000 shares on December 31, 2021 and 2020 (10,213,000) (10,213,000)
Accumulated other comprehensive loss (663,000) (613,000)
TOTAL SHAREHOLDERS' EQUITY 43,181,000 43,840,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 65,601,000 58,190,000
Common Class A    
SHAREHOLDERS' EQUITY    
Common stock 4,453,000 4,453,000
Common Class B    
SHAREHOLDERS' EQUITY    
Common stock $ 0 $ 0