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2 - Balance Sheet Details

12 Months Ended

Dec. 31, 2014

2 - Balance Sheet Details

2—Balance Sheet Details

	December 31, 2014	December 31, 2013
Inventories:
Raw materials……………………………….	$ 2,154,572	$ 2,130,718
Work in process……………………………..	1,664,899	1,507,755
Finished goods………………………………	1,961,003	1,806,315
	5,780,474	5,444,788
Valuation reserves………………………….	(618,000)	(564,000)
	$ 5,162,474	$ 4,880,788

	December 31, 2014	December 31, 2013
Property, Plant and Equipment, net:
Land and improvements…………………….	$ 1,270,242	$ 1,238,150
Buildings and improvements……………….	6,494,896	6,438,022
Machinery and equipment………	32,032,724	30,532,728
Capitalized software and other…….………	1,158,065	1,273,375
	40,955,927	39,482,275
Accumulated depreciation…………………..	(30,077,932)	(29,073,155)
	$10,877,995	$ 10,409,120

	December 31, 2014	December 31, 2013
Other Accrued Expenses:
Profit sharing plan contribution……………….	$ 314,155	$ 391,945
Property taxes………………………………….	92,901	91,957
All other items ………………………………….	113,667	125,944
	$ 520,723	$ 609,846

	December 31, 2014	December 31, 2013
Allowance for Doubtful Accounts:
Balance at beginning of year………………………….	$ 150,000	$ 150,000
Charges to statement of income……………………...	1,867	11,248
Write-offs………………………………………………...	(1,867)	(11,248)
Balance at end of year…………………………………	$ 150,000	$ 150,000

	December 31, 2014	December 31, 2013
Inventory Valuation Reserves:
Balance at beginning of year………………………….	$ 564,000	$ 550,000
Charges to statement of income……………………...	134,271	121,380
Write-offs………………………………………………...	(80,271)	(107,380)
Balance at end of year…………………………………	$ 618,000	$ 564,000