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Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,010,300 $ 3,126,200
Trade receivables, net 1,743,900 1,182,300
Inventories, net 3,040,700 3,211,200
Prepaid expenses 213,300 269,200
Total current assets 8,008,200 7,788,900
Property, plant and equipment, net 492,300 518,200
Other assets 51,000 51,000
Total assets 8,551,500 8,358,100
Current liabilities:    
Accounts payable 635,900 860,900
Accrued payroll and benefits 439,400 553,300
Income taxes payable 8,400 0
Accrued property taxes 42,200 33,400
Total current liabilities 1,125,900 1,447,600
Total liabilities 1,125,900 1,447,600
Shareholders’ equity:    
Common stock; $0.10 par value, authorized 50,000,000 shares; issued and outstanding 11,446,800 shares (2014) and 11,446,800 shares (2013) 1,144,700 1,144,700
Capital in excess of par 5,633,000 5,615,500
Retained earnings 647,900 150,300
Total shareholders’ equity 7,425,600 6,910,500
Total liabilities and shareholders’ equity $ 8,551,500 $ 8,358,100