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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 410,000 $ 539,000
Accounts receivable - net 9,458,000 7,550,000
Inventories 24,731,000 24,021,000
Prepaid expenses and other current assets 2,600,000 4,566,000
TOTAL CURRENT ASSETS 37,199,000 36,676,000
PROPERTY AND EQUIPMENT    
Land 507,000 507,000
Buildings and improvements 4,087,000 3,605,000
Machinery and equipment 27,224,000 25,675,000
Property, Plant and Equipment, Gross 31,818,000 29,787,000
Less accumulated depreciation and amortization 22,972,000 21,707,000
NET PROPERTY AND EQUIPMENT 8,846,000 8,080,000
GOODWILL 4,808,000 4,447,000
OTHER INTANGIBLE ASSETS - net 5,480,000 5,592,000
DEFERRED INCOME TAXES - net 487,000 349,000
RIGHT-OF-USE ASSETS - OPERATING LEASES 3,189,000 2,969,000
OTHER ASSETS - net 65,000 77,000
TOTAL ASSETS 60,074,000 58,190,000
CURRENT LIABILITIES    
Short-term borrowings 8,087,000 5,765,000
Accounts payable 3,056,000 2,920,000
Accrued compensation and benefits 1,475,000 1,475,000
Accrued other liabilities 1,630,000 1,078,000
Current lease liabilities - operating leases 826,000 840,000
TOTAL CURRENT LIABILITIES 15,074,000 12,078,000
Noncurrent lease liabilities - operating leases 2,399,000 2,176,000
Other liabilities 76,000 96,000
TOTAL LIABILITIES 17,549,000 14,350,000
SHAREHOLDERS' EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued
Additional paid-in capital 14,230,000 14,167,000
Retained earnings 35,010,000 36,046,000
Treasury stock, at cost - 1,273,000 shares at September 30, 2022 and December 31, 2021 (10,213,000) (10,213,000)
Accumulated other comprehensive loss (969,000) (613,000)
TOTAL SHAREHOLDERS' EQUITY 42,525,000 43,840,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 60,074,000 58,190,000
Class A Common Stock    
SHAREHOLDERS' EQUITY    
Common stock 4,467,000 4,453,000
Class B Common Stock    
SHAREHOLDERS' EQUITY    
Common stock $ 0 $ 0