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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
Sep. 30, 2010
ASSETS   
Cash and Unrestricted Demand Deposits$ 95,564$ 4,772,056$ 789,042
Accounts Receivable, Less, Allowances of $0 (09/30/11), $1,052,862 (12/31/10) and $0 (09/30/10)6,461,0913,619,7355,889,664
Inventories:   
Raw Materials2,783,3011,961,6272,847,415
Work in Process370,161864,689380,540
Finished Goods6,368,2903,220,2687,585,845
Deferred Income Tax Asset225,942225,942279,545
Income Tax Refund Receivable221,4460251,728
Prepaid Expenses and Other Current Assets400,786348,407502,998
Total Current Assets16,926,58115,012,72418,526,777
Property, Plant and Equipment, Less, Accumulated Depreciation of $18,381,081 (09/30/11), $17,998,537 (12/31/10) and $17,861,158 (09/30/10)4,293,8754,338,7174,443,563
Goodwill413,280413,280413,280
Intangible Asset, Net597,104691,517722,988
Other Assets228,163183,609193,131
TOTAL ASSETS22,459,00320,639,84724,299,739
LIABILITIES AND STOCKHOLDERS' EQUITY   
Notes and Trade Acceptances Payable1,118,364247,8364,337,184
Current Portion of Long-Term Debt004,475
Accounts Payable980,953304,657432,872
Accrued Liabilities755,5531,235,523815,132
Income Taxes Payable363,382152,009246,987
Total Current Liabilities3,218,2521,940,0255,836,650
DEFERRED INCOME TAX LIABILITY147,354147,354209,478
Total Liabilities3,365,6062,087,3796,046,128
STOCKHOLDERS' EQUITY:   
Common Stock: $0.30 Par Value, 2,000,000 Shares Authorized, 583,094 Shares Issued, 519,600 (09/30/11 and 12/31/10) and 519,350 (09/30/10) Shares Outstanding174,928174,928174,928
Capital in Excess of Par Value1,288,7931,288,7931,288,793
Retained Earnings18,184,14017,643,21117,348,054
Accumulated Other Comprehensive Loss(281,245)(281,245)(281,245)
Treasury Stock, at Cost, 63,494 (09/30/11 and 12/31/10) and 63,744 (09/30/10) Shares(273,219)(273,219)(276,919)
Total Stockholders' Equity19,093,39718,552,46818,253,611
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 22,459,003$ 20,639,847$ 24,299,739