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NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2014
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of inventories |
|  | 2014 |  | 2013 |
Raw materials |  | $ | 12,745,623 |  | $ | 12,282,902 |
Work in process |  |  | 3,653,670 |  |  | 3,317,573 |
Finished goods |  |  | 2,861,373 |  |  | 2,926,512 |
Reserves |  |  | (732,248 | ) |  | (1,099,517 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 18,528,418 |  | $ | 17,427,470 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of estimated useful lives of property and equipment |
Buildings |  | 39 Years
Leasehold improvements |  | 3-15 Years
Manufacturing equipment |  | 3-7 Years
Office and other equipment |  | 3-7 Years
Schedule of property and equipment |
|  | 2014 |  | 2013 |
Land |  | $ | 375,000 |  | $ | 375,000 |
Building and Leasehold Improvements |  |  | 9,184,710 |  |  | 9,116,429 |
Manufacturing Equipment |  |  | 16,769,847 |  |  | 15,953,227 |
Office and Other Equipment |  |  | 5,386,805 |  |  | 4,535,897 |
Accumulated Depreciation |  |  | (20,827,645 | ) |  | (18,943,393 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Property and Equipment |  | $ | 10,888,717 |  | $ | 11,037,160 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of reconciliation of basic and diluted share amounts |
|  | 2014 |  | 2013 |
Basic weighted average common shares outstanding |  |  | 2,742,992 |  |  | 2,742,992 |
Weighted average common stock equivalents from assumed exercise of stock options |  |  | 5,833 |  |  | 1,144 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted weighted average common shares outstanding |  |  | 2,748,825 |  |  | 2,744,136 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of net sales by markets |
(in thousands) |  | 2014 |  | 2013 |
Aerospace and Defense |  | $ | 14,869 |  | $ | 19,879 |
Medical/Life Sciences |  |  | 41,402 |  |  | 35,429 |
Industrial |  |  | 55,771 |  |  | 55,750 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Net Sales |  | $ | 112,042 |  | $ | 111,058 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of noncurrent assets, excluding deferred taxes, by country |
|  | United States |  | Mexico |  | Total |
2014 |  |  |  |  |  |  |  |  |  |
Net property and equipment |  | $ | 10,214,279 |  | $ | 822,881 |  | $ | 10,888,717 |
Other assets |  |  | 109,401 |  |  | 7,726 |  |  | 117,127 |
2013 |  |  |  |  |  |  |  |  |  |
Net property and equipment |  | $ | 10,560,184 |  | $ | 476,976 |  | $ | 11,037,160 |
Other assets |  |  | 114,693 |  |  | 7,726 |  |  | 122,419 |

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