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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
CURRENT ASSETS:      
Cash $ 5,422,923 $ 5,916,366 $ 4,816,706
Accounts Receivable, Less, Allowances of $0 (03/31/14), $897,546 (12/31/13) and $0 (03/31/13) 1,467,021 2,369,321 1,742,535
Inventories:      
Raw Materials and Supplies 3,939,450 1,971,689 4,304,019
Work in Process 8,171 993,061 108,946
Finished Goods 6,650,341 5,873,048 6,417,458
Income Tax Receivable 387,129 279,219 360,248
Deferred Income Tax Asset 330,198 330,198 152,250
Prepaid Expenses and Other Current Assets 225,966 304,812 150,948
Total Current Assets 18,431,199 18,037,714 18,053,110
Property, Plant and Equipment, Less, Accumulated Depreciation of $17,525,130 (03/31/14), $17,410,823 (12/31/13) and $18,569,676 (03/31/13) 3,725,073 3,816,928 3,984,192
Goodwill 413,280 413,280 413,280
Customer Base and Non-Compete Agreement 282,391 313,862 408,276
Other Assets 291,384 283,979 253,477
TOTAL ASSETS 23,143,327 22,865,763 23,112,335
CURRENT LIABILITIES:      
Short Term Debt 359,545 0 799,786
Accounts Payable 1,059,420 308,319 1,324,236
Accrued Expenses 309,487 923,540 385,953
Total Current Liabilities 1,728,452 1,231,859 2,509,975
DEFERRED INCOME TAX LIABILITY 297,094 297,094 272,063
Total Liabilities 2,025,546 1,528,953 2,782,038
STOCKHOLDERS' EQUITY:      
Common Stock: $0.30 Par Value, 2,000,000 Shares Authorized, 583,094 Shares Issued, 519,600 Shares Outstanding 174,928 174,928 174,928
Capital in Excess of Par Value 1,288,793 1,288,793 1,288,793
Retained Earnings 19,927,279 20,146,308 19,139,795
Treasury Stock, at Cost, 63,494 Shares (273,219) (273,219) (273,219)
Total Stockholders' Equity 21,117,781 21,336,810 20,330,297
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,143,327 $ 22,865,763 $ 23,112,335