XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash $ 10,765,591 $ 4,293,746
Short-term investments, including certificates of deposit 423,893 1,621,593
Accounts receivable-trade, net of allowance for doubtful accounts of $81,000 and $147,000 in 2011 and 2010, respectively 1,328,579 1,253,639
Inventory 19,940,251 20,236,028
Deferred income taxes 281,251 307,509
Other current assets 948,459 1,056,201
Total current assets 33,688,024 28,768,716
PROPERTY AND EQUIPMENT, at cost 14,999,826 14,390,662
Less accumulated depreciation and amortization (4,700,476) (4,106,121)
10,299,350 10,284,541
GOODWILL 987,009 990,368
OTHER INTANGIBLES, net of accumulated amortization of $539,000 and $495,000 in 2011 and 2010, respectively 187,292 232,416
OTHER assets 341,240 319,533
45,502,915 40,595,574
CURRENT LIABILITIES:    
Accounts payable-trade 1,622,697 1,247,821
Accrued expenses and other liabilities 4,641,191 4,893,236
Income taxes payable 638,897 554,380
Current maturities of long-term debt 202,500 202,500
Total current liabilities 7,105,285 6,897,937
DEFERRED INCOME TAXES 858,829 628,543
LONG-TERM DEBT, net of current maturities 3,105,000 3,307,500
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.10 par value; 20,000,000 shares authorized, none issued or outstanding      
Common stock, $0.0024 par value; 25,000,000 shares authorized, 11,150,065 shares issued at 2011 and 2010, 10,156,442 shares outstanding at 2011 and 2010, respectively 26,760 26,760
Paid-in capital 5,736,543 5,703,387
Retained earnings 31,181,936 26,429,335
Treasury stock at cost (993,623 shares at 2011 and 2010) (2,894,068) (2,894,068)
Accumulated other comprehensive income 382,630 496,180
Total stockholders' equity 34,433,801 29,761,594
$ 45,502,915 $ 40,595,574