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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
CURRENT ASSETS:      
Cash $ 304,858 $ 5,916,366 $ 301,648
Accounts Receivable, Less, Allowances of $0 (09/30/14), $897,546 (12/31/13) and $0 (09/30/13) 5,571,292 2,369,321 7,361,779
Inventories:      
Raw Materials and Supplies 3,313,793 1,971,689 3,253,143
Work in Process 169,078 993,061 313,891
Finished Goods 8,851,760 5,873,048 9,071,019
Income Tax Receivable 431,316 279,219 196,526
Deferred Income Tax Asset 330,198 330,198 152,250
Prepaid Expenses and Other Current Assets 487,413 304,812 480,522
Total Current Assets 19,459,708 18,037,714 21,130,778
Property, Plant and Equipment, Less, Accumulated Depreciation of $17,742,407 (09/30/14), $17,410,823 (12/31/13) and $18,801,658 (09/30/13) 3,564,448 3,816,928 3,838,876
Goodwill 413,280 413,280 413,280
Customer Base and Non-Compete Agreement 219,448 313,862 345,333
Other Assets 400,058 283,979 322,365
TOTAL ASSETS 24,056,942 22,865,763 26,050,632
CURRENT LIABILITIES:      
Short Term Debt 1,313,411 0 2,672,593
Accounts Payable 736,880 308,319 867,153
Accrued Liabilities 590,558 923,540 794,156
Total Current Liabilities 2,640,849 1,231,859 4,333,902
DEFERRED INCOME TAX LIABILITY 297,094 297,094 272,063
Total Liabilities 2,937,943 1,528,953 4,605,965
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 19,928,497 20,146,308 20,254,165
Treasury Stock, at Cost, 63,494 Shares (273,219) (273,219) (273,219)
Total Stockholders' Equity 21,118,999 21,336,810 21,444,667
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,056,942 $ 22,865,763 $ 26,050,632