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Schedule of Segment Reporting Information (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Segment Reporting Information

	Fastener	Assembly Equipment	Other	Consolidated
Year Ended December 31, 2014:
Net Sales………………………………………	$ 34,116,301	$ 3,018,906	$ - -	$ 37,135,207

Depreciation……………………………………...	1,123,818	65,621	73,286	1,262,725

Segment operating profit……………………………………	4,219,161	745,682	- -	4,964,843
Selling and administrative expenses…………..	0	0	(2,114,893)	(2,114,893)
Other income……………………………………..	0	0	56,939	56,939
Income before income taxes……………………				2,906,889

Capital expenditures…………………………….	1,667,248	42,411	25,382	1,735,041


Segment assets:
Accounts receivable, net……………………...	5,362,201	307,453	- -	5,669,654
Inventories, net………………………………...	4,308,987	853,487	- -	5,162,474
Property, plant and equipment, net………….	9,267,529	1,113,923	496,543	10,877,995
Other assets……………………………………	- -	- -	7,257,512	7,257,512
				28,967,635

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 operating profit……………………………………	4,659,006	943,887	- -	5,602,893
Selling and administrative expenses…………..	0	0	(2,137,699)	(2,137,699)
Other income……………………………………..	0	0	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

- 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