CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 9,350,803	$ 9,726,007
Accounts receivable – net of allowance for doubtful accounts of $10,740 and $105,568 for 2016 and 2015, respectively	5,183,869	5,451,161
Inventories – net of reserves of $1,549,089 and $1,110,288, respectively	8,452,751	8,068,728
Prepaid expenses and other current assets	866,035	586,889
TOTAL CURRENT ASSETS	23,853,458	23,832,785
PROPERTY, PLANT AND EQUIPMENT - NET	2,166,566	1,742,888
OTHER ASSETS:
Goodwill	1,351,392	1,351,392
Deferred income taxes	7,403,600	7,013,929
Other assets	660,119	765,330
TOTAL OTHER ASSETS	9,415,111	9,130,651
TOTAL ASSETS	35,435,135	34,706,324
CURRENT LIABILITIES:
Accounts payable	2,986,797	1,046,651
Accrued expenses and other current liabilities	673,067	648,010
Equipment lease payable		73,760
TOTAL CURRENT LIABILITIES	3,659,864	1,768,421
LONG TERM LIABILITIES:
Deferred rent	69,058	33,452
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Preferred stock, $.01 par value, 2,000,000 shares authorized, none issued
Common stock, $.01 par value, 75,000,000 shares authorized, 29,786,224 and 29,627,891 shares issued, 18,751,346 and 18,636,008 shares outstanding, respectively	297,862	296,279
Additional paid-in capital	40,563,002	39,865,331
Retained earnings	11,668,829	13,500,853
Treasury stock, at cost – 11,034,878 and 10,991,883 shares, respectively	(20,823,480)	(20,758,012)
TOTAL SHAREHOLDERS’ EQUITY	31,706,213	32,904,451
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 35,435,135	$ 34,706,324