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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
CURRENT ASSETS:      
Cash $ 426,006 $ 8,668,012 $ 1,085,701
Accounts Receivable,Less, Allowances of $0 (09/30/18), $1,566,578 (12/31/17) and $0 (09/30/17) 6,300,115 1,870,649 5,409,122
Inventories:      
Raw Materials 8,129,091 5,855,658 7,669,182
Work in Process 459,538 1,077,718 394,889
Supplies 194,346 194,346 165,413
Finished Goods 3,653,227 2,400,924 4,087,294
Income Tax Receivable 523,991 209,616 655,304
Prepaid Expenses and Other Current Assets 401,420 224,384 351,500
Total Current Assets 20,087,734 20,501,307 19,818,405
Property, Plant and Equipment, Less, Accumulated Depreciation of $19,356,833 (09/30/18), $19,045,405 (12/31/17) and $18,958,502 (09/30/17) 4,239,384 4,271,727 4,342,539
Goodwill 413,280 413,280 413,280
Other Assets 342,944 345,415 375,718
TOTAL ASSETS 25,083,342 25,531,729 24,949,942
CURRENT LIABILITIES:      
Short Term Debt 151,980 541,572 428,346
Accounts Payable 977,542 638,896 1,182,998
Accrued Liabilities 925,366 828,914 536,887
Total Current Liabilities 2,054,888 2,009,382 2,148,231
DEFERRED INCOME TAX LIABILITY 83,687 83,687 126,482
Total Liabilities 2,138,575 2,093,069 2,274,713
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 21,754,265 22,248,158 21,484,727
Treasury Stock, at Cost, 63,494 Shares (273,219) (273,219) (273,219)
Total Stockholders' Equity 22,944,767 23,438,660 22,675,229
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 25,083,342 $ 25,531,729 $ 24,949,942