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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash $ 338,000 $ 667,000
Accounts receivable - net 8,734,000 7,370,000
Inventories 20,517,000 24,491,000
Prepaid expenses and other current assets 908,000 2,753,000
TOTAL CURRENT ASSETS 30,497,000 35,281,000
PROPERTY AND EQUIPMENT    
Land 507,000 507,000
Buildings and improvements 4,330,000 4,087,000
Machinery and equipment 29,345,000 28,057,000
Property and Equipment, Gross 34,182,000 32,651,000
Less accumulated depreciation and amortization 24,403,000 23,288,000
NET PROPERTY AND EQUIPMENT 9,779,000 9,363,000
GOODWILL 4,823,000 4,822,000
OTHER INTANGIBLE ASSETS - net 4,809,000 5,326,000
DEFERRED INCOME TAXES - net 639,000 629,000
RIGHT-OF-USE ASSETS 4,745,000 5,521,000
OTHER ASSETS - net 161,000 62,000
TOTAL ASSETS 55,453,000 61,004,000
CURRENT LIABILITIES    
Short-term borrowings 2,664,000 7,570,000
Accounts payable 2,767,000 3,094,000
Accrued compensation and benefits 2,078,000 1,757,000
Accrued other liabilities 1,706,000 1,002,000
Current leased liabilities - operating leases 860,000 1,020,000
TOTAL CURRENT LIABILITIES 10,075,000 14,443,000
Noncurrent leased liabilities - operating leases 3,991,000 4,535,000
Other liabilities 47,000 70,000
TOTAL LIABILITIES 14,113,000 19,048,000
SHAREHOLDERS' EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued
Additional paid-in capital 14,284,000 14,246,000
Retained earnings 33,625,000 34,251,000
Treasury stock, at cost - 1,273,000 shares at September 30, 2023, and December 31, 2022 (10,213,000) (10,213,000)
Accumulated other comprehensive loss (823,000) (795,000)
TOTAL SHAREHOLDERS' EQUITY 41,340,000 41,956,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 55,453,000 61,004,000
Class A Common Stock    
SHAREHOLDERS' EQUITY    
Common stock $ 4,467,000 $ 4,467,000