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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 111,000 $ 95,000
Cash, restricted 150,000 150,000
Accounts receivable, net 9,288,000 12,065,000
Inventories, net 15,826,000 14,198,000
Prepaid and other current assets 968,000 1,507,000
Assets related to discontinued operation 1,436,000 1,552,000
Total current assets 27,779,000 29,567,000
Property, plant and equipment, net 7,005,000 6,978,000
Other non-current assets 48,000 42,000
Total Assets 34,832,000 36,587,000
Current liabilities:    
Line of credit 2,127,000 2,103,000
Current portion of postretirement obligation 84,000 97,000
Accounts payable 2,413,000 2,061,000
Accrued employee compensation and benefits costs 705,000 1,003,000
Accrued warranty 333,000 542,000
Other accrued liabilities 1,170,000 1,909,000
Liabilities related to discontinued operation 23,000 213,000
Total current liabilities 6,855,000 7,928,000
Long Term liabilities:    
Post retirement obligation 4,097,000 4,262,000
Post-retirement obligation, current portion (84,000) (97,000)
Post-retirement obligation, net 4,013,000 4,165,000
Other long-term liabilities 460,000 0
Total long-term liabilities 4,473,000 4,165,000
Shareholders' equity:    
Common stock, par value $0.20; 4,000,000 shares authorized; 2,629,052 shares issued; 2,537,753 shares outstanding (2,514,775 shares outstanding - December 31, 2023) 526,000 525,000
Capital in excess of par value 14,828,000 14,617,000
Retained earnings 11,331,000 12,954,000
Accumulated other comprehensive loss (2,059,000) (2,389,000)
Employee stock ownership trust commitment 0 (56,000)
Treasury stock, at cost 75,513 shares (87,525 shares - December 31, 2023) (1,122,000) (1,157,000)
Total shareholders' equity 23,504,000 24,494,000
Total Liabilities and Shareholders' Equity $ 34,832,000 $ 36,587,000