XML 41 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Financial Condition (USD $)
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
Current assets      
Cash and cash equivalents $ 2,869,638 $ 3,306,608 $ 4,939,948
Investments 2,986,329 2,516,380 2,483,673
Certificates of deposits in financial institutions    15,373 115,373
Inventories 6,810,541 6,899,008 7,807,150
Accounts receivable, net of allowance for doubtful accounts and discounts ($1,300,000 and $1,350,000 and $1,050,000) 9,538,188 10,444,839 9,911,305
Prepaid expenses and other current assets 13,612 128,323 31,797
Other receivables 56,680 103,272 5,400
Deposits 142,836    580,974
Deferred income taxes 293,445 322,071 391,139
Refundable income taxes 1,965,933 1,014,947 28,123
Total current assets 24,677,202 24,750,821 26,294,882
Property and equipment, net 21,494,127 20,824,448 14,718,760
Intangible assets      
Goodwill and other non amortizable brand assets 14,068,091 14,068,091 14,068,091
Other intangible assets, net of accumulated amortization of $4,913,397, $4,198,439 and $4,555,559 at June 30, 2014 and 2013 and at December 31, 2013, respectively 3,417,602 3,750,441 4,107,561
Total intangible assets 17,485,693 17,818,532 18,175,652
Other Assets      
Long-term accounts receivable net of current portion 279,921 280,000 280,000
Total assets 63,936,943 63,673,801 59,469,294
Current liabilities      
Current maturities of notes payable 877,062 875,002 545,494
Accounts payable 6,471,442 6,723,179 7,166,377
Accrued expenses 899,803 1,284,060 1,094,820
Accrued income taxes       1,224,115
Total current liabilities 8,248,307 8,882,241 10,030,806
Notes payable 8,555,731 8,999,012 4,726,472
Deferred income taxes 2,395,143 2,843,426 3,018,629
Total liabilities 19,199,181 20,724,679 17,775,907
Stockholders' equity      
Common stock, no par value; 40,000,000 shares authorized; 17,273,776 shares issued; 16,346,017 shares outstanding at June 30, 2014; 17,273,776 shares issued; 16,346,017 shares outstanding at June 30, 2013 and 16,346,017 shares outstanding at December 31, 2013 6,509,267 6,509,267 6,509,267
Paid-in-capital 2,032,516 2,032,516 2,032,516
Treasury stock, at cost (8,187,682) (8,187,682) (8,187,682)
Retained earnings 44,341,809 42,587,214 41,366,495
Accumulated other comprehensive income (loss), net of taxes 41,852 7,807 (27,209)
Total stockholders' equity 44,737,762 42,949,122 41,693,387
Total liabilities and stockholders' equity $ 63,936,943 $ 63,673,801 $ 59,469,294