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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The income tax provisions are comprised of the following:

		Dec. 31 2015			Dec. 31 2014
Current:
Federal		$	6,516		$	-
State			4,200			94,371
Foreign			374,071			578,798
		$	384,787		$	673,169
Deferred
Federal		$	(63,433)		$	(550,089)
State			-			-
Foreign			48,242			66,887
			(15,191)			(483,202)
Total Income Tax Provision		$	369,596		$	189,967

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of the net deferred tax asset at December 31 are as follows:

		2015			2014
Deferred tax assets:
Allowance for doubtful accounts		$	21,150		$	69,898
Inventory allowances			314,101			246,425
Accrued liabilities			372,172			282,055
Unicap 263A adjustment			170,765			157,240
Net operating loss carryforwards			511,403			685,322
Alternative minimum tax credit carryforwards			-			398,162
State investment tax credit carryforward			22,448			10,912
Foreign tax credit carryforward			916,121			696,509
Other foreign tax items			44,394			50,747
Foreign net operating loss carryforwards			424,164			466,053
Total deferred tax assets			2,796,718			3,063,323
Deferred tax liabilities:
Tax over book basis of capital assets			(1,004,437)			(1,083,852)
Undistributed Earnings from Subsidiaries			-			(247,385)
Other foreign tax items			-			-
Net deferred tax assets before valuation allowance		$	1,792,281		$	1,732,086
Less: Valuation allowance			(45,000)			-
Net deferred tax assets			1,747,281			1,732,086

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Income tax provisions differed from the taxes calculated at the statutory federal tax rate as follows:

		Years Ended December 31,
		2015			2014
Taxes at statutory rate		$	444,471		$	183,344
State income taxes			66,867			27,583
Nondeductible expenses			46,523			59,129
Foreign taxes and other			(188,266)			(80,089)
Income tax provision		$	369,596		$	189,967

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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