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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Operating activities    
Net income $ 1,358,969 $ 1,048,157
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 954,110 1,109,088
Stock-based compensation 102,465 169,413
Contribution of treasury shares to ESOP 125,000 125,000
Non-cash gain on loan modification (410,320) 0
Deferred income taxes 95,977 (78,000)
Foreign currency transaction (gain)/loss (21,139) 29,368
(Increase) decrease in accounts receivable 115,334 (40,256)
(Increase) decrease in inventories (468,297) 899,821
(Increase) decrease in refundable income taxes 83,095 (34,047)
(Increase) decrease in prepaid expenses and other current assets (73,173) (90,527)
(Increase) decrease in other assets (20,561) 46,165
Increase (decrease) in accounts payable & accrued expenses and other non-current liabilities 626,678 (391,809)
Net cash provided by operating activities 2,468,138 2,792,373
Investing activities    
Proceeds from sale of property, plant, and equipment 39,910 13,737
Purchase of property, plant, and equipment (524,984) (414,170)
Purchase of note and mortgage secured by underlying property (2,000,000) 0
Payment of life insurance premiums (300,667) (279,402)
Net cash used in investing activities (2,785,741) (679,835)
Financing activities    
Principal payments on long-term borrowings (709,785) (566,595)
Common stock dividends paid (375,552) (497,585)
Purchase of stock for treasury (71,093) (120,378)
Net cash used in financing activities (1,156,430) (1,184,558)
Effect of exchange rate changes on cash and cash equivalents 100,862 (84,805)
Increase (decrease) in cash and cash equivalents (1,373,171) 843,175
Cash and cash equivalents at beginning of year 7,174,213 6,331,038
Cash and cash equivalents at end of year 5,801,042 7,174,213
Supplemental disclosures of cash flow information:    
Interest 99,906 139,015
Income taxes $ 597,000 $ 789,000