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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities:    
Net income $ 922,457 $ 727,799
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 724,224 847,341
Stock-based compensation 90,911 137,826
Non-cash gain on loan modification - (Note 7) (410,320) 0
Deferred income taxes 192,315 (112,000)
Foreign currency transaction (gain)/loss (34,805) 43,184
(Increase) decrease in accounts receivable 46,912 19,406
(Increase) decrease in inventories (571,275) 421,432
(Increase) decrease in refundable income taxes (154,252) (17,316)
(Increase) decrease in prepaid expenses and other current assets (201,100) (217,026)
(Increase) decrease in other assets (15,219) 43,524
Increase (decrease) in accounts payable & accrued expenses and other noncurrent liabilities 466,794 352,607
Net cash provided by operating activities 1,056,642 2,246,777
Investing activities:    
Purchase of property, plant and equipment (390,778) (241,000)
Purchase of note and mortgage secured by underlying property (2,000,000) 0
Payment of life insurance premiums (259,121) (252,250)
Net cash used in investing activities (2,649,899) (493,250)
Financing activities:    
Principal payments on long-term borrowings (465,634) (422,916)
Common stock dividends paid (250,283) (373,572)
Purchase of stock for treasury (69,386) (80,539)
Net cash used in financing activities (785,303) (877,027)
Effect of exchange rate changes on cash and cash equivalents 105,430 (66,867)
Increase (decrease) in cash and cash equivalents (2,273,130) 809,633
Cash and cash equivalents at beginning of period 7,174,213 6,331,038
Cash and cash equivalents at end of period $ 4,901,083 $ 7,140,671