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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash $ 561,000 $ 667,000
Accounts receivable - net 9,139,000 7,370,000
Inventories 23,654,000 24,491,000
Prepaid expenses and other current assets 1,112,000 2,753,000
TOTAL CURRENT ASSETS 34,466,000 35,281,000
PROPERTY AND EQUIPMENT    
Land 507,000 507,000
Buildings and improvements 4,087,000 4,087,000
Machinery and equipment 28,964,000 28,057,000
Property and Equipment, Gross 33,558,000 32,651,000
Less accumulated depreciation and amortization 23,800,000 23,288,000
NET PROPERTY AND EQUIPMENT 9,758,000 9,363,000
GOODWILL 4,825,000 4,822,000
OTHER INTANGIBLE ASSETS - net 5,158,000 5,326,000
DEFERRED INCOME TAXES - net 472,000 629,000
RIGHT-OF-USE ASSETS - OPERATING LEASES 5,309,000 5,521,000
OTHER ASSETS - net 78,000 62,000
TOTAL ASSETS 60,066,000 61,004,000
CURRENT LIABILITIES    
Short-term borrowings 7,602,000 7,570,000
Accounts payable 2,219,000 3,094,000
Accrued compensation and benefits 1,009,000 1,757,000
Accrued other liabilities 1,647,000 1,002,000
Current leased liabilities - operating leases 916,000 1,020,000
TOTAL CURRENT LIABILITIES 13,393,000 14,443,000
Noncurrent leased liabilities - operating leases 4,426,000 4,535,000
Other liabilities 63,000 70,000
TOTAL LIABILITIES 17,882,000 19,048,000
SHAREHOLDERS' EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued
Additional paid-in capital 14,263,000 14,246,000
Retained earnings 34,428,000 34,251,000
Treasury stock, at cost - 1,273,000 shares at March 31, 2023, and December 31, 2022 (10,213,000) (10,213,000)
Accumulated other comprehensive loss (761,000) (795,000)
TOTAL SHAREHOLDERS' EQUITY 42,184,000 41,956,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 60,066,000 61,004,000
Class A Common Stock    
SHAREHOLDERS' EQUITY    
Common stock $ 4,467,000 $ 4,467,000