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6-Schedule of Segment Reporting Information (Tables)

12 Months Ended

Dec. 31, 2013

6-Schedule of Segment Reporting Information


	Fastener	Assembly Equipment	Other	Consolidated
Year Ended December 31, 2013:
Net Sales………………………………………	$ 33,616,593	$ 3,501,237	$ - -	$ 37,117,830

Depreciation……………………………………...	957,078	59,195	76,789	1,093,062

Segment profit……………………………………	4,659,006	943,887	- -	5,602,893
Selling and administrative expenses…………..			(2,137,699)	(2,137,699)
Other income……………………………………..			160,835	160,835
Income before income taxes……………………				3,626,029

Capital expenditures…………………………….	3,092,842	90,010	292,006	3,474,858


Segment assets:
Accounts receivable, net……………………...	5,277,378	233,392	- -	5,510,770
Inventories, net………………………………...	4,076,781	804,007	- -	4,880,788
Property, plant and equipment, net………….	8,727,541	1,137,133	544,446	10,409,120
Other assets……………………………………	- -	- -	7,356,668	7,356,668
				28,157,346

Year Ended December 31, 2012:
Net sales………………………………………….	$ 30,999,163	$ 3,224,609	$ - -	$ 34,223,772

Depreciation……………………………………...	859,045	59,199	75,707	993,951

Segment profit……………………………………	3,775,045	773,902	- -	4,548,947
Selling and administrative expenses…………..			(2,084,305)	(2,084,305)
Other income……………………………………..			118,099	118,099
Income before income taxes……………………				2,582,741

Capital expenditures…………………………….	1,018,734	68,203	100,809	1,187,746

Segment assets:
Accounts receivable, net……………………	4,275,890	302,042	- -	4,577,932
Inventories, net………………………………...	4,175,702	760,670	- -	4,936,372
Property, plant and equipment, net………….	6,363,280	1,106,318	608,268	8,077,866
Other assets……………………………………	- -	- -	8,319,333	8,319,333
				25,911,503

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details