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Segment Reporting
 3 Months Ended
Mar. 31, 2012
Segment Reporting  
Segment Reporting Disclosure [Text Block]

6.  Segment Information—The Company operates in two business segments as determined by its products.  The fastener segment includes rivets, cold-formed fasteners and screw machine products.  The assembly equipment segment includes automatic rivet setting machines and parts and tools for such machines.  Information by segment is as follows:

 

 

 

Assembly

 

 

 

Fastener

Equipment

Other

Consolidated

Three Months Ended March 31, 2012:

 

 

 

 

Net Sales

$   8,334,120

$   866,198

             -

$   9,200,318

 

 

 

 

 

Depreciation

211,914

14,125

17,957

243,996

 

 

 

 

 

Segment profit

1,050,436

201,332

             -

1,251,768

Selling and administrative expenses

           -

            -

(530,886)

(530,886)

Interest income

           -

            -

8,852

8,852

Income before income taxes

 

 

 

729,734

 

 

 

 

 

Capital expenditures

136,765

              -

           -

136,765

 

 

 

 

 

Segment assets:

 

 

 

 

   Accounts receivable, net

5,806,019

404,173

           -

6,210,192

   Inventories, net

4,306,404

759,042

           -

5,065,446

   Property, plant and equipment, net

6,078,245

1,083,189

626,860

7,788,294

   Other assets

           -

            -

6,740,367

6,740,367

 

 

 

 

25,804,299

 

 

 

 

 

Three Months Ended March 31, 2011:

 

 

 

 

Net sales

$  7,109,655

$   704,713

           -

$   7,814,368

 

 

 

 

 

Depreciation

208,947

15,877

18,420

243,244

 

 

 

 

 

Segment profit

564,166

111,755

             -

675,921

Selling and administrative expenses

           -

            -

(510,828)

(510,828)

Interest income

           -

            -

11,929

11,929

Income before income taxes

 

 

 

177,022

 

 

 

 

 

Capital expenditures

235,301

31,250

37,729

304,280

 

 

 

 

 

Segment assets:

 

 

 

 

   Accounts receivable, net

4,717,467

335,463

           -

5,052,930

   Inventories, net

3,955,201

845,326

           -

4,800,527

   Property, plant and equipment, net

5,726,679

1,113,867

699,368

7,539,914

   Other assets

           -

            -

7,130,545

7,130,545

 

 

 

 

24,523,916