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BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 1,585,304 $ 781,516
Short-term investments 3,235,000 4,178,000
Trade accounts receivable, net of allowance for doubtful accounts of $14,105 at September 30, 2012 and $16,359 at December 31, 2011 432,285 346,447
Income taxes receivable 348 648
Other receivables 34,453 36,701
Inventory 1,799,770 1,666,465
Prepaid expenses 148,310 81,807
Current portion of deferred tax asset 33,150 59,016
Total current assets 7,268,620 7,150,600
NET PROPERTY, PLANT AND EQUIPMENT, at cost 2,434,343 2,515,331
LONG-TERM PORTION OF DEFERRED TAX ASSET 1,251,266 1,306,335
OTHER ASSETS, net 16,750 19,006
TOTAL ASSETS 10,970,979 10,991,272
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accrued expenses 205,282 303,900
Accounts payable 165,254 149,877
Current portion of bank debt 179,360 172,973
Deferred revenue 0 8,250
Total current liabilities 549,896 635,000
LONG-TERM LIABILITIES:    
Long-term portion of bank debt 1,132,942 1,267,939
Interest rate swap 88,732 67,900
Total long-term liabilities 1,221,674 1,335,839
TOTAL LIABILITIES 1,771,570 1,970,839
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 8,000,000 shares authorized, 3,261,148 shares issued at September 30, 2012 and December 31, 2011 326,115 326,115
Capital in excess of par value 9,964,222 9,911,914
Accumulated deficit (507,940) (614,315)
Treasury stock, at cost, 242,114 shares at September 30, 2012 and 257,114 shares at December 31, 2011 (529,655) (562,469)
Accumulated other comprehensive loss: interest rate swap (53,333) (40,812)
Total stockholders' equity 9,199,409 9,020,433
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,970,979 $ 10,991,272