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Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets:  
Cash and cash equivalents$ 2,445,115$ 3,962,454
Trade and other accounts receivable, net of allowance for doubtful accounts of $43,496 and $83,9764,811,4423,819,361
Inventories, net2,730,8183,069,177
Deferred income taxes, net355,00044,000
Prepaid tax94,905166,694
Deposits, prepaid expenses and other current assets430,915397,010
Total current assets10,868,19511,458,696
Property and equipment, net of accumulated depreciation of $9,989,038 and $9,101,7327,447,1546,691,817
Goodwill1,564,9661,564,966
Other intangible assets, net136,72696,446
Restricted cash0517,571
Total assets20,017,04120,329,496
Current liabilities:  
Accounts payable2,016,8042,280,992
Accrued expenses715,479275,197
Total current liabilities2,732,2832,556,189
Long term liabilities:  
Long term deferred tax liability, net387,965330,000
Long term portion of deferred gain on lease14,51817,868
Total long term liabilities402,483347,868
Total liabilities3,134,7662,904,057
Shareholders' equity  
Preferred stock, $1 par value; 2,000,000 shares authorized, non issued00
Common stock, $0.01 par value; 10,000,000 shares authorized, 3,926,491 shares issued, 2,790,51439,26539,265
Additional paid-in-capital10,738,59510,653,210
Common stock held in treasury, 1,135,977 shares at cost3,099,8423,099,842
Accumulated other comprehensive income from foreign currency translationAccumulated other comprehensive income from foreign currency translation51,84942,502
Retained earnings9,152,4089,790,304
Total shareholders’ equity16,882,27517,425,439
Total liabilities and shareholders’ equity$ 20,017,041$ 20,329,496