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BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 2,239,731 $ 2,270,385
Short-term investments 2,736,000 2,985,000
Inventory 947,325 1,206,508
Accounts receivable, net 720,026 631,410
Prepaid expenses 158,089 159,117
Current portion of deferred tax asset 9,976 15,212
Total current assets 6,811,147 7,267,632
PROPERTY, PLANT AND EQUIPMENT, net 2,649,119 2,524,765
LONG-TERM PORTION OF DEFERRED TAX ASSET 1,146,615 1,154,681
LONG-TERM INVESTMENTS 496,000 0
OTHER ASSETS, net 12,916 13,636
TOTAL ASSETS 11,115,797 10,960,714
CURRENT LIABILITIES:    
Accounts payable 366,007 152,153
Accrued expenses 282,988 293,076
Current portion of bank debt 192,680 190,390
Total current liabilities 841,675 635,619
LONG-TERM LIABILITIES:    
Long-term portion of bank debt 847,144 896,224
Interest rate swap 35,344 33,002
Total long-term liabilities 882,488 929,226
TOTAL LIABILITIES 1,724,163 1,564,845
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 8,000,000 shares authorized, 3,261,148 shares issued as of March 31, 2014 and December 31, 2013 326,115 326,115
Capital in excess of par value 10,019,659 10,011,339
Accumulated deficit (420,743) (407,408)
Treasury stock, at cost, 234,114 and 235,114 shares as of March 31, 2014 and December 31, 2013, respectively (512,153) (514,341)
Accumulated other comprehensive loss (21,244) (19,836)
Total stockholders' equity 9,391,634 9,395,869
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,115,797 $ 10,960,714