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BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 2,440,227 $ 2,673,719
Short-term investments 3,236,000 2,240,000
Trade accounts receivable, net of allowance for doubtful accounts of $14,666 as of June 30, 2013 and $15,111 as of December 31, 2012 531,005 574,146
Other receivables 26,329 36,860
Income taxes receivable 348 348
Inventory 1,572,774 1,649,002
Prepaid expenses 174,533 157,930
Current portion of deferred tax asset 19,350 31,177
Total current assets 8,000,566 7,363,182
NET PROPERTY, PLANT AND EQUIPMENT, at cost 2,240,432 2,357,609
LONG-TERM PORTION OF DEFERRED TAX ASSET 1,071,325 1,245,982
OTHER ASSETS, net 62,496 63,634
TOTAL ASSETS 11,374,819 11,030,407
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accrued expenses 285,776 255,568
Accounts payable 171,446 228,711
Current portion of bank debt 185,901 181,491
Deferred revenue 250,000 0
Total current liabilities 893,123 665,770
LONG-TERM LIABILITIES:    
Long-term portion of bank debt 992,623 1,086,568
Interest rate swap 43,083 83,386
Total long-term liabilities 1,035,706 1,169,954
TOTAL LIABILITIES 1,928,829 1,835,724
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 8,000,000 shares authorized, 3,261,148 shares issued as of June 30, 2013 and December 31, 2012 326,115 326,115
Capital in excess of par value 9,989,467 9,973,146
Accumulated deficit (314,042) (524,803)
Treasury stock, at cost, 242,114 shares as of June 30, 2013 and December 31, 2012 (529,655) (529,655)
Accumulated other comprehensive loss (25,895) (50,120)
Total stockholders' equity 9,445,990 9,194,683
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,374,819 $ 11,030,407