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Segment Reporting: Schedule of Segment Reporting Information, by Segment (Tables)

6 Months Ended

Jun. 30, 2018

Tables/Schedules

Schedule of Segment Reporting Information, by Segment

	Fastener	Assembly Equipment	Other	Consolidated
Three Months Ended June 30, 2018:
Net sales	$      9,034,275	$       758,509	0	$       9,792,784
Depreciation	292,378	27,298	7,341	327,017
Segment operating profit	1,229,717	249,376	0	1,479,093
Selling and administrative expenses	0	0	(591,640)	(591,640)
Interest income	0	0	26,639	26,639
Income before income taxes				$           914,092
Capital expenditures	281,692	0	127,599	409,291
Segment assets:
Accounts receivable, net	6,508,150	399,276	0	6,907,426
Inventories, net	4,399,770	1,050,451	0	5,450,221
Property, plant and equipment, net	10,164,570	1,619,454	755,110	12,539,134
Other assets	0	0	8,680,688	8,680,688
				$         33,577,469
Three Months Ended June 30, 2017:
Net sales	$      8,097,344	$       1,338,164	0	$      9,435,508
Depreciation	276,610	24,390	8,970	309,970
Segment operating profit	756,226	525,867	0	1,282,093
Selling and administrative expenses	0	0	(626,772)	(626,772)
Interest income	0	0	16,034	16,034
Income before income taxes				$             671,355
Capital expenditures	510,981	110,863	0	621,844
Segment assets:
Accounts receivable, net	5,588,046	364,797	0	5,952,843
Inventories, net	3,990,878	1,004,965	0	4,995,843
Property, plant and equipment, net	10,422,170	1,629,310	585,069	12,636,549
Other assets	0	0	8,179,902	8,179,902
				$         31,765,137
Six Months Ended June 30, 2018:
Net sales	$        17,959,374	$          1,845,051	0	$        19,804,425
Depreciation	584,259	54,596	14,682	653,537
Segment operating profit	2,407,179	633,561	0	3,040,740
Selling and administrative expenses	0	0	(1,268,579)	(1,268,579)
Interest income	0	0	53,719	53,719
Income before income taxes				$           1,825,880
Capital expenditures	465,919	31,495	138,304	635,718
Six Months Ended June 30, 2017:
Net sales	$         16,833,532	$          2,085,303	0	$         18,918,835
Depreciation	546,447	48,780	17,940	613,167
Segment operating profit	1,947,773	771,487	0	2,719,260
Selling and administrative expenses	0	0	(1,307,700)	(1,307,700)
Interest income	0	0	30,717	30,717
Income before income taxes				$           1,442,277
Capital expenditures	685,770	113,388	0	799,158

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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