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BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 2,673,719 $ 781,516
Short-term investments 2,240,000 4,178,000
Trade accounts receivable, net of allowance for doubtful accounts of $15,111 and $16,359 at December 31, 2012 and 2011, respectively 574,146 346,447
Income taxes receivable 348 648
Other receivables 36,860 36,701
Inventory 1,649,002 1,666,465
Current portion of deferred tax asset 31,177 59,016
Prepaid expenses 157,930 81,807
Total current assets 7,363,182 7,150,600
NET PROPERTY, PLANT AND EQUIPMENT, at cost 2,357,609 2,515,331
LONG-TERM PORTION OF DEFERRED TAX ASSET 1,245,982 1,306,335
OTHER ASSETS, net 63,634 19,006
TOTAL ASSETS 11,030,407 10,991,272
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accrued expenses 255,568 303,900
Accounts payable 228,711 149,877
Current portion of bank debt 181,491 172,973
Deferred revenue 0 8,250
Total current liabilities 665,770 635,000
LONG-TERM LIABILITIES:    
Long-term portion of bank debt 1,086,568 1,267,939
Interest rate swap 83,386 67,900
Total long-term liabilities 1,169,954 1,335,839
TOTAL LIABILITIES 1,835,724 1,970,839
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 8,000,000 shares authorized, 3,261,148 shares issued at December 31, 2012 and 2011 326,115 326,115
Capital in excess of par value 9,973,146 9,911,914
Accumulated deficit (524,803) (614,315)
Treasury stock, at cost, 242,114 and 257,114 shares at December 31, 2012 and 2011, respectively (529,655) (562,469)
Accumulated other comprehensive loss (50,120) (40,812)
Total stockholders' equity 9,194,683 9,020,433
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,030,407 $ 10,991,272