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Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 1,700,853 $ 2,270,385
Short-term investments 2,985,000 2,985,000
Inventory 944,196 1,206,508
Accounts receivable, net 428,426 631,410
Prepaid expenses 250,561 159,117
Current portion of deferred tax asset    15,212
Total current assets 6,309,036 7,267,632
PROPERTY, PLANT AND EQUIPMENT, net 2,586,398 2,524,765
DEFERRED TAX ASSET 1,363,974 1,154,681
LONG-TERM INVESTMENTS 496,000   
OTHER ASSETS, net 12,397 13,636
TOTAL ASSETS 10,767,805 10,960,714
CURRENT LIABILITIES:    
Accrued expenses 458,615 293,076
Accounts payable 148,327 152,153
Deferred tax liability 23,749   
Current portion of bank debt 194,986 190,390
Total current liabilities 825,677 635,619
LONG-TERM LIABILITIES:    
Long-term portion of bank debt 797,730 896,224
Interest rate swap 41,028 33,002
Total long-term liabilities 838,758 929,226
TOTAL LIABILITIES 1,664,435 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 June 30, 2014 and December 31, 2013 326,115 326,115
Capital in excess of par value 10,029,592 10,011,339
Accumulated deficit (715,524) (407,408)
Treasury stock, at cost, 234,114 and 235,114 shares as of June 30, 2014 and December 31, 2013, respectively (512,153) (514,341)
Accumulated other comprehensive loss (24,660) (19,836)
Total stockholders' equity 9,103,370 9,395,869
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,767,805 $ 10,960,714