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Schedule of Segment Reporting Information (Tables)

12 Months Ended

Dec. 31, 2016

Tables/Schedules

Schedule of Segment Reporting Information

	Fastener	Assembly Equipment	Other	Consolidated
Year Ended December 31,  2016:
Net Sales………………………………………	$      33,126,599	$      3,895,779	$                  0	$        37,022,378
Depreciation……………………………………...	1,078,281	93,876	70,200	1,242,357
Segment operating profit……………………………………	4,689,749	1,350,277	0	6,040,026
Selling and administrative expenses…………..	0	0	(2,557,301)	(2,557,301)
Other income……………………………………..	0	0	65,255	65,255
Income before income taxes……………………				3,547,980
Capital expenditures…………………………….	1,683,953	189,568	154,339	2,027,860
Segment assets:
Accounts receivable, net……………………...	5,036,251	287,268	0	5,323,519
Inventories, net………………………………...	3,639,940	897,753	0	4,537,693
Property, plant and equipment, net………….	10,282,847	1,564,702	603,009	12,450,558
Other assets……………………………………	0	0	8,892,539	8,892,539
				31,204,309
Year Ended December 31, 2015:
Net sales………………………………………….	$      32,590,015	$       3,584,589	$                    0	$        36,174,604
Depreciation……………………………………...	1,101,210	80,191	80,045	1,261,446
Segment operating profit……………………………………	3,692,805	981,326	0	4,674,131
Selling and administrative expenses…………..	0	0	(2,186,933)	(2,186,933)
Other income……………………………………..	0	0	44,443	44,443
Income before income taxes……………………				2,531,641
Capital expenditures…………………………….	1,545,533	455,139	103,595	2,104,267
Segment assets:
Accounts receivable, net……………………	5,084,535	353,797	0	5,438,332
Inventories, net………………………………...	3,549,655	988,557	0	4,538,212
Property, plant and equipment, net………….	9,732,333	1,469,010	497,100	11,698,443
Other assets……………………………………	0	0	8,022,959	8,022,959
				29,697,946

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- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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