XML 29 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Schedule of Segment Reporting Information, by Segment (Details) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Net sales $ 9,500,678 $ 9,327,643 $ 19,451,102 $ 18,453,379  
Depreciation 313,410 265,238 618,736 530,819  
Segment profit 1,386,819 1,403,323 2,779,849 2,611,903  
Selling and administrative expenses (523,810) (515,596) (1,081,984) (1,062,129)  
Gain from disposal of equipment 1,700 42,486 18,700 42,486  
Interest income 6,345 7,000 12,862 15,485  
Income before income taxes 871,054 937,213 1,729,427 1,607,745  
Capital expenditures 249,469 1,892,359 800,087 1,974,949  
Accounts receivable, net 6,194,099 [1] 5,801,140 6,194,099 [1] 5,801,140 5,510,770 [1]
Inventories, net 5,214,225 4,992,252 5,214,225 4,992,252 4,880,788
Property, plant and equipment, net 10,590,471 9,474,282 10,590,471 9,474,282 10,409,120
Other assets 7,187,722 7,486,553 7,187,722 7,486,553  
Fastener
          
Net sales 8,764,594 8,463,688 17,852,329 16,766,432  
Depreciation 279,156 231,989 550,354 464,468  
Segment profit 1,216,461 1,165,813 2,378,452 2,161,977  
Selling and administrative expenses 0 0 0 0  
Gain from disposal of equipment 0 0 0 0  
Interest income 0 0 0 0  
Capital expenditures 218,717 1,862,043 769,335 1,911,022  
Accounts receivable, net 5,856,458 5,449,624 5,856,458 5,449,624  
Inventories, net 4,427,259 4,204,473 4,427,259 4,204,473  
Property, plant and equipment, net 8,946,522 7,762,120 8,946,522 7,762,120  
Other assets 0 0 0 0  
Assembly Equipment
          
Net sales 736,084 863,955 1,598,773 1,686,947  
Depreciation 16,066 14,050 32,132 28,100  
Segment profit 170,358 237,510 401,397 449,926  
Selling and administrative expenses 0 0 0 0  
Gain from disposal of equipment 0 0 0 0  
Interest income 0 0 0 0  
Capital expenditures 21,540 30,316 21,540 59,863  
Accounts receivable, net 337,641 351,516 337,641 351,516  
Inventories, net 786,966 787,779 786,966 787,779  
Property, plant and equipment, net 1,126,541 1,138,081 1,126,541 1,138,081  
Other assets 0 0 0 0  
Unallocated Corporate
          
Net sales 0 0 0 0  
Depreciation 18,188 19,199 36,250 38,251  
Segment profit 0 0 0 0  
Selling and administrative expenses (523,810) (515,596) (1,081,984) (1,062,129)  
Gain from disposal of equipment 1,700 42,486 18,700 42,486  
Interest income 6,345 7,000 12,862 15,485  
Capital expenditures 9,212 0 9,212 4,064  
Accounts receivable, net 0 0 0 0  
Inventories, net 0 0 0 0  
Property, plant and equipment, net 517,408 574,081 517,408 574,081  
Other assets $ 7,187,722 $ 7,486,553 $ 7,187,722 $ 7,486,553  
[1] Net of allowance of $150,000.