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BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 2,270,385 $ 2,673,719
Short-term investments 2,985,000 2,240,000
Inventory 1,206,508 1,649,002
Accounts receivable, net 631,410 611,354
Prepaid expenses 159,117 157,930
Current portion of deferred tax asset 15,212 31,177
Total current assets 7,267,632 7,363,182
PROPERTY, PLANT AND EQUIPMENT, net 2,524,765 2,357,609
LONG-TERM PORTION OF DEFERRED TAX ASSET 1,154,681 1,245,982
OTHER ASSETS, net 13,636 63,634
TOTAL ASSETS 10,960,714 11,030,407
CURRENT LIABILITIES:    
Accrued expenses 293,076 255,568
Accounts payable 152,153 228,711
Current portion of bank debt 190,390 181,491
Total current liabilities 635,619 665,770
LONG-TERM LIABILITIES:    
Long-term portion of bank debt 896,224 1,086,568
Interest rate swap 33,002 83,386
Total long-term liabilities 929,226 1,169,954
TOTAL LIABILITIES 1,564,845 1,835,724
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 8,000,000 shares authorized, 3,261,148 shares issued at December 31, 2013 and 2012 326,115 326,115
Capital in excess of par value 10,011,339 9,973,146
Accumulated deficit (407,408) (524,803)
Treasury stock, at cost, 235,114 and 242,114 shares at December 31, 2013 and 2012, respectively (514,341) (529,655)
Accumulated other comprehensive loss (19,836) (50,120)
Total stockholders' equity 9,395,869 9,194,683
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,960,714 $ 11,030,407