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Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 1,166,211 $ 2,270,385
Short-term investments 2,985,000 2,985,000
Inventory 1,039,446 1,206,508
Accounts receivable, net 563,564 631,410
Prepaid expenses and other assets 336,622 159,117
Current portion of deferred tax asset 0 15,212
Total current assets 6,090,843 7,267,632
PROPERTY, PLANT AND EQUIPMENT, net 2,793,624 2,524,765
DEFERRED TAX ASSET 1,340,853 1,154,681
LONG-TERM INVESTMENTS 496,000 0
OTHER ASSETS, net 19,649 13,636
TOTAL ASSETS 10,740,969 10,960,714
CURRENT LIABILITIES:    
Accrued expenses 367,233 293,076
Accounts payable 241,019 152,153
Deferred tax liability 24,688 0
Current portion of bank debt 185,004 190,390
Deferred revenue 6,690 0
Total current liabilities 824,634 635,619
LONG-TERM LIABILITIES:    
Long-term portion of bank debt 759,964 896,224
Interest rate swap 32,680 33,002
Total long-term liabilities 792,644 929,226
TOTAL LIABILITIES 1,617,278 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 September 30, 2014 and December 31, 2013 326,115 326,115
Capital in excess of par value 10,034,566 10,011,339
Accumulated deficit (705,194) (407,408)
Treasury stock, at cost, 234,114 and 235,114 shares as of September 30, 2014 and December 31, 2013, respectively (512,153) (514,341)
Accumulated other comprehensive loss (19,643) (19,836)
Total stockholders' equity 9,123,691 9,395,869
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,740,969 $ 10,960,714