Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of income tax provision for income taxes from continuing operations

	Years Ended
	December 31,		December 31,
	2018		2017
	($000’s omitted)
Current:
Federal	$	639	$	675
State		2		1
		641		676
Deferred:
Federal		96		82
State		-		-
		96		82
	$	737	$	758

Schedule of the reconciliation of effective tax rate from continuing operations and the federal statutory income tax rate

	Years Ended
	December 31,			December 31,
	2018			2017
Federal statutory rate		21.0	%		34.0	%
Business credits		-0.6	%		-4.8	%
ESOP dividend		-0.4	%		-1.4	%
Stock compensation		-0.4	%		-1.9	%
Domestic production activities deduction		-0.4	%		-2.4	%
Revaluation of deferred taxes for federal tax rate change		0.0	%		12.6	%
Foreign-derived intangible income deduction		-1.8	%		0.0	%
Other		0.0	%		0.4	%
		17.4	%		36.5	%

Schedule of deferred tax assets (liabilities)

	Years Ended
	December 31,			December 31,
	2018			2017
	($000’s omitted)
Deferred Tax Assets:
Inventories	$	417		$	406
Accrued employees compensation and benefits costs		478			430
Accrued arbitration award and related liability		234			268
Net operating loss and credit carryforwards		248			269
Bad debt reserve		37			33
Warranty reserve		90			8
Other		-			33
Minimum pension liability		-			9
Total deferred tax assets		1,504			1,456
Valuation allowance		(248	)		(279	)
Net deferred tax asset		1,256			1,177
Deferred tax liabilities:
Prepaid expenses		(28	)		-
Property, plant and equipment		(910	)		(768	)
Other		(14	)		-
Minimum pension liability		(9	)		-
Total deferred tax liabilities		(961	)		(768	)
Net deferred tax asset	$	295		$	409