XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash $ 11,082,679 $ 7,705,182
Accounts receivable-trade, net of allowance for doubtful accounts of $1,000 and $112,000 in 2013 and 2012, respectively 762,405 822,772
Inventory 26,300,830 25,862,784
Deferred income taxes 309,533 349,478
Prepaid expenses 1,609,644 776,463
Other current assets 478,593 153,450
Total current assets 40,543,684 35,670,129
PROPERTY AND EQUIPMENT, at cost 20,290,990 17,574,895
Less accumulated depreciation and amortization (5,863,280) (5,630,305)
14,427,710 11,944,590
GOODWILL 981,985 990,725
OTHER INTANGIBLES, net of accumulated amortization of $622,000 and $582,000 in 2013 and 2012, respectively 103,228 145,533
OTHER assets 341,959 336,695
Total Assets 56,398,566 49,087,672
CURRENT LIABILITIES:    
Accounts payable-trade 1,884,637 1,612,627
Accrued expenses and other liabilities 5,808,882 5,928,798
Income taxes payable 272,198 113,705
Current maturities of long-term debt 202,500 202,500
Total current liabilities 8,168,217 7,857,630
DEFERRED INCOME TAXES 1,212,557 806,525
LONG-TERM DEBT, net of current maturities 2,396,250 2,902,500
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.10 par value; 20,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.0024 par value; 25,000,000 shares authorized, 11,192,356 and 11,156,065 shares issued at 2013 and 2012, respectively 10,198,733 and 10,162,442 shares outstanding at 2013 and 2012, respectively 26,862 26,775
Paid-in capital 5,892,907 5,767,508
Retained earnings 41,507,592 34,241,875
Treasury stock at cost (993,623 shares at 2013 and 2012) (2,894,068) (2,894,068)
Accumulated other comprehensive income 88,249 378,927
Total stockholders' equity 44,621,542 37,521,017
Total Liabilities and Stockholders’ Equity $ 56,398,566 $ 49,087,672