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Schedule of Segment Reporting Information, by Segment (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Segment Reporting Information, by Segment

	Fastener	Assembly Equipment	Other	Consolidated
Three Months Ended June 30, 2014:
Net sales	$ 8,764,594	$ 736,084	0	$ 9,500,678

Depreciation	279,156	16,066	18,188	313,410

Segment profit	1,216,461	170,358	0	1,386,819
Selling and administrative expenses	0	0	(523,810)	(523,810)
Gain from disposal of equipment	0	0	1,700	1,700
Interest income	0	0	6,345	6,345
Income before income taxes				$ 871,054

Capital expenditures	218,717	21,540	9,212	249,469

Segment assets:
Accounts receivable, net	5,856,458	337,641	0	6,194,099
Inventories, net	4,427,259	786,966	0	5,214,225
Property, plant and equipment, net	8,946,522	1,126,541	517,408	10,590,471
Other assets	0	0	7,187,722	7,187,722
				$ 29,186,517

Three Months Ended June 30, 2013:
Net sales	$ 8,463,688	$ 863,955	0	$ 9,327,643

Depreciation	231,989	14,050	19,199	265,238

Segment profit	1,165,813	237,510	0	1,403,323
Selling and administrative expenses	0	0	(515,596)	(515,596)
Gain from disposal of equipment	0	0	42,486	42,486
Interest income	0	0	7,000	7,000
Income before income taxes				$ 937,213

Capital expenditures	1,862,043	30,316	0	1,892,359

Segment assets:
Accounts receivable, net	5,449,624	351,516	0	5,801,140
Inventories, net	4,204,473	787,779	0	4,992,252
Property, plant and equipment, net	7,762,120	1,138,081	574,081	9,474,282
Other assets	0	0	7,486,553	7,486,553
				$ 27,754,227


Six Months Ended June 30, 2014:
Net sales	$ 17,852,329	$ 1,598,773	0	$ 19,451,102

Depreciation	550,354	32,132	36,250	618,736

Segment profit	2,378,452	401,397	0	2,779,849
Selling and administrative expenses	0	0	(1,081,984)	(1,081,984)
Gain from disposal of equipment	0	0	18,700	18,700
Interest income	0	0	12,862	12,862
Income before income taxes				$ 1,729,427

Capital expenditures	769,335	21,540	9,212	800,087


Six Months Ended June 30, 2013:
Net sales	$ 16,766,432	$ 1,686,947	0	$ 18,453,379

Depreciation	464,468	28,100	38,251	530,819

Segment profit	2,161,977	449,926	0	2,611,903
Selling and administrative expenses	0	0	(1,062,129)	(1,062,129)
Gain from disposal of equipment	0	0	42,486	42,486
Interest income	0	0	15,485	15,485
Income before income taxes				$ 1,607,745

Capital expenditures	1,911,022	59,863	4,064	1,974,949

- 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