BUSINESS SEGMENT DATA

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 8: BUSINESS SEGMENT DATA

The Company’s operations are conducted through two business segments. These segments, and the primary operations of each, are as follows:

BUSINESS SEGMENT	OPERATION
Candied Fruit	Production of candied fruit, a basic fruitcake ingredient, sold to manufacturing bakers, institutional users, and retailers for use in home baking. Also, based on market conditions, the processing of frozen strawberry products, for sale to commercial and institutional users such as preservers, dairies, drink manufacturers, etc.
Molded Plastics	Production of plastics containers and other molded plastics for sale to various food processors and others.

	YEAR ENDED 2012		YEAR ENDED 2011
NET SALES IN EACH SEGMENT
Candied Fruit:
Sales to Unaffiliated Customers	$	17,397,551	$	17,107,763
Molded Plastics:
Sales to Unaffiliated Customers		8,304,752		7,754,707
Net Sales	$	25,702,303	$	24,862,470

	YEAR ENDED 2012			YEAR ENDED 2011
THE OPERATING PROFIT OF EACH SEGMENT IS LISTED BELOW
Candied Fruit	$	4,326,196		$	4,507,921
Molded Plastics		2,112,089			2,084,121
Operating Profit of Segments		6,438,285			6,592,042
General Corporate Expenses, Net		(4,812,666	)		(4,614,634	)
General Corporate Depreciation and Amortization Expense		(48,031	)		(40,247	)
Interest Expense		(9,493	)		(8,764	)
Income Before Provision for Income Taxes	$	1,568,095		$	1,928,397

Operating profit is composed of net sales, less direct costs and overhead costs associated with each segment. The candied fruit segment purchases items from the molded plastics segment at cost. These transactions are then eliminated during consolidation. Due to the high degree of integration between the segments of the Company, it is not practical to allocate general corporate expenses, interest, and other income between the various segments.

	YEAR ENDED 2012		YEAR ENDED 2011
Identifiable Assets of Each Segment are Listed Below:
Candied Fruit	$	10,443,925	$	8,554,261
Molded Plastics		4,354,603		4,621,774
Identifiable Assets		14,798,528		13,176,035
General Corporate Assets		8,090,956		8,984,698
Total Assets	$	22,889,484	$	22,160,733

Included in Identifiable Assets of the Molded Plastics Segment is goodwill totaling $413,280 at both December 31, 2012 and 2011.

Identifiable assets by segment are those assets that are principally used in the operations of each segment. General corporate assets are principally cash, land and buildings.

	YEAR ENDED 2012		YEAR ENDED 2011
Depreciation and Amortization Expense of Each Segment are Listed Below:
Candied Fruit	$	401,862	$	451,349
Molded Plastics		163,227		165,900
Segment Depreciation and Amortization Expense		565,089		617,249
General Corporate Depreciation and Amortization Expense		48,031		40,247
Total Depreciation and Amortization Expense	$	613,120	$	657,496

	YEAR ENDED 2012		YEAR ENDED 2011
Capital Expenditures of Each Segment are Listed Below:
Candied Fruit	$	182,792	$	121,308
Molded Plastics		48,523		180,730
Segment Capital Expenditures		231,315		302,038
General Corporate Capital Expenditures		—		57,363
Total Capital Expenditures	$	231,315	$	359,401

The Company conducts operations only within the United States. Foreign sales are insignificant; primarily all sales are to domestic companies.