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2 - Balance Sheet Details

12 Months Ended

Dec. 31, 2016

2 - Balance Sheet Details

2-Balance Sheet Details

	December 31, 2016	December 31, 2015
Inventories:
Raw materials……………………………….	$ 1,675,143	$ 1,923,932
Work in process……………………………..	1,684,321	1,606,389
Finished goods………………………………	1,740,229	1,584,891
	5,099,693	5,115,212
Valuation reserves………………………….	(562,000)	(577,000)
	$ 4,537,693	$ 4,538,212

	December 31, 2016	December 31, 2015
Property, Plant and Equipment, net:
Land and improvements…………………….	$ 1,424,689	$ 1,281,982
Buildings and improvements……………….	7,908,780	7,271,006
Machinery and equipment………….…	32,559,468	32,020,937
Capitalized software and other…….………	1,312,887	1,274,592
	43,205,824	41,848,517
Accumulated depreciation…………………..	(30,755,266)	(30,150,074)
	$12,450,558	$ 11,698,443

	December 31, 2016	December 31, 2015
Other Accrued Expenses:
Profit sharing plan contribution……………….	$ 384,275	$ 273,238
Property taxes………………………………….	92,044	92,526
All other items ………………………………….	127,855	99,898
	$ 604,174	$ 465,662

	December 31, 2016	December 31, 2015
Allowance for Doubtful Accounts:
Balance at beginning of year………………………….	$ 150,000	$ 150,000
Charges to statement of income……………………...	1,566	3,824
Write-offs………………………………………………...	(1,566)	(3,824)
Balance at end of year…………………………………	$ 150,000	$ 150,000

	December 31, 2016	December 31, 2015
Inventory Valuation Reserves:
Balance at beginning of year………………………….	$ 577,000	$ 618,000
Charges to statement of income……………………...	80,793	77,577
Write-offs………………………………………………...	(95,793)	(118,577)
Balance at end of year…………………………………	$ 562,000	$ 577,000