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Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash $ 6,431,259 $ 10,765,591
Short-term available-for-sale investments, including certificates of deposit 87,893 423,893
Accounts receivable-trade, net of allowance for doubtful accounts of $114,000 and $81,000 in 2012 and 2011, respectively 1,449,157 1,328,579
Inventory 24,092,025 19,940,251
Deferred income taxes 314,574 281,251
Other current assets 1,402,828 948,459
Total current assets 33,777,736 33,688,024
PROPERTY AND EQUIPMENT, at cost 15,123,033 14,999,826
Less accumulated depreciation and amortization (4,925,845) (4,700,476)
10,197,188 10,299,350
GOODWILL 989,945 987,009
OTHER INTANGIBLES, net of accumulated amortization of $551,000 and $539,000 in 2012 and 2011, respectively 176,127 187,292
OTHER assets 334,620 341,240
45,475,616 45,502,915
CURRENT LIABILITIES:    
Accounts payable-trade 2,347,811 1,622,697
Accrued expenses and other liabilities 4,669,916 4,641,191
Income taxes payable 796,666 638,897
Current maturities of long-term debt 202,500 202,500
Total current liabilities 8,016,893 7,105,285
DEFERRED INCOME TAXES 835,953 858,829
LONG-TERM DEBT, net of current maturities 3,054,375 3,105,000
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.10 par value; 20,000,000 shares authorized; none issued or outstanding; attributes to be determined on issuance 0 0
Common stock, $0.0024 par value; 25,000,000 shares authorized; 11,150,065 shares issued at 2012 and 2011; 10,156,442 shares outstanding at 2012 and 2011 26,760 26,760
Paid-in capital 5,741,543 5,736,543
Retained earnings 30,219,910 31,181,936
Treasury stock at cost (993,623 shares at 2012 and 2011) (2,894,068) (2,894,068)
Accumulated other comprehensive income 474,250 382,630
Total stockholders’ equity 33,568,395 34,433,801
$ 45,475,616 $ 45,502,915