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NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of inventories |
|  | 2015 |  | 2014 |
Raw materials |  | $ | 13,782,411 |  | $ | 12,745,623 |
Work in process |  |  | 4,674,223 |  |  | 3,653,670 |
Finished goods |  |  | 2,478,423 |  |  | 2,861,373 |
Reserves |  |  | (749,612 | ) |  | (732,248 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 20,185,445 |  | $ | 18,528,418 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 |
|  | 2015 |  | 2014 |
Land |  | $ | 375,000 |  | $ | 375,000 |
Building and Leasehold Improvements |  |  | 9,273,866 |  |  | 9,184,710 |
Manufacturing Equipment |  |  | 18,588,934 |  |  | 16,769,847 |
Office and Other Equipment |  |  | 4,982,686 |  |  | 5,386,805 |
Accumulated Depreciation |  |  | (22,712,738 | ) |  | (20,827,645 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Property and Equipment |  | $ | 10,507,748 |  | $ | 10,888,717 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of intangible assets |
|  | December 31, 2015 |
|  | Years |  | Gross Carrying Amount |  | Accumulated Amortization Amount |  | Net Book Value Amount |
Bond Issue Costs |  |  | 15 |  | $ | 79,373 |  | $ | 50,271 |  | $ | 29,102 |
Customer Relationships |  |  | 9 |  |  | 1,302,000 |  |  | 72,333 |  |  | 1,229,667 |
Trade Names |  |  | 20 |  |  | 814,000 |  |  | 20,350 |  |  | 793,650 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Totals |  |  |  |  | $ | 2,195,373 |  | $ | 142,954 |  | $ | 2,052,419 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | December 31, 2014 |
|  | Years |  | Gross Carrying Amount |  | Accumulated Amortization Amount |  | Net Book Value Amount |
Bond Issue Costs |  |  | 15 |  | $ | 79,373 |  | $ | 44,978 |  | $ | 34,395 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of Amortization expense |
Year ended December 31, 2015 |  | $ | 97,975 |
Year ended December 31, 2014 |  |  | 5,292 |
Schedule of estimated future amortization expense |
Year |  | Amount |
2016 |  | $ | 160,000 |
2017 |  |  | 160,000 |
2018 |  |  | 160,000 |
2019 |  |  | 160,000 |
2020 |  |  | 160,000 |
Thereafter |  |  | 1,252,419 |
​ | ​ | ​ | ​ | ​
|  | $ | 2,052,419 |
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
Schedule of reconciliation of basic and diluted share amounts |
|  | 2015 |  | 2014 |
Basic weighted average common shares outstanding |  |  | 2,745,759 |  |  | 2,742,992 |
Weighted average common stock equivalents from assumed exercise of stock options |  |  | 0 |  |  | 5,833 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted weighted average common shares outstanding |  |  | 2,745,759 |  |  | 2,748,825 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of net sales by markets |
(in thousands) |  | 2015 |  | 2014 |
Aerospace and Defense |  | $ | 14,458 |  | $ | 14,869 |
Medical/Life Sciences |  |  | 41,308 |  |  | 41,402 |
Industrial |  |  | 59,426 |  |  | 55,771 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Net Sales |  | $ | 115,192 |  | $ | 112,042 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of noncurrent assets, excluding deferred taxes, by country |
|  | United States |  | Mexico |  | Total |
2015 |  |  |  |  |  |  |  |  |  |
Net property and equipment |  | $ | 9,322,484 |  | $ | 1,185,264 |  | $ | 10,507,748 |
Other assets |  |  | 5,335,874 |  |  | 7,726 |  |  | 5,343,600 |
2014 |  |  |  |  |  |  |  |  |  |
Net property and equipment |  | $ | 10,065,836 |  | $ | 822,881 |  | $ | 10,888,717 |
Other assets |  |  | 109,401 |  |  | 7,726 |  |  | 117,127 |

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