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Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash $ 6,384,087 $ 7,468,908
Accounts Receivable, Net of Allowance for Doubtful Accounts of $ -0- and Allowance for Returns of $1,562,556 (2012) and $1,003,779 (2011) 1,893,160 2,579,362
Inventories 8,856,379 6,196,517
Income Tax Receivable 225,794 0
Prepaid Expenses and Other Current Assets 296,728 295,413
Deferred Income Tax Asset 152,250 234,912
Total Current Assets 17,808,398 16,775,112
PROPERTY, PLANT AND EQUIPMENT:    
Net of Accumulated Depreciation of $18,454,410 (2012) and $18,505,964 (2011) 3,946,124 4,184,046
GOODWILL 413,280 413,280
CUSTOMER BASE AND NON-COMPETE AGREEMENT 439,747 565,632
OTHER ASSETS 281,935 222,663
TOTAL ASSETS 22,889,484 22,160,733
LIABILITIES AND STOCKHOLDERS' EQUITY    
Short-Term Debt 515,866 313,246
Accounts Payable 375,067 358,851
Accrued Expenses 1,093,698 1,218,289
Income Taxes Payable 0 370,678
Total Current Liabilities 1,984,631 2,261,064
DEFERRED INCOME TAX LIABILITY 272,063 165,891
Total Liabilities 2,256,694 2,426,955
STOCKHOLDERS' EQUITY:    
Common Stock, $.30 Par Value, 2,000,000 Shares Authorized, 583,094 Shares Issued and 519,600 Shares Outstanding 174,928 174,928
Capital in Excess of Par Value 1,288,793 1,288,793
Retained Earnings 19,442,288 18,543,276
Stockholders' Equity before Treasury Stock 20,906,009 20,006,997
Less: Common Stock in Treasury, at Cost, 63,494 Shares (2012 and 2011) 273,219 273,219
Total Stockholders' Equity 20,632,790 19,733,778
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 22,889,484 $ 22,160,733