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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and Cash Equivalents $ 1,429,454 $ 706,873
Certificates of Deposit 6,574,000 7,063,000
Accounts Receivable - Less allowances of $140,000 4,609,314 5,529,307
Inventories, net 4,951,177 6,100,391
Prepaid Income Taxes 58,186 150,686
Other Current Assets 427,192 438,222
Total Current Assets 18,049,323 19,988,479
Property, Plant and Equipment, net 13,674,053 13,258,146
Total Assets 31,723,376 33,246,625
Current Liabilities    
Accounts Payable 490,580 1,060,231
Accrued Wages and Salaries 629,972 701,434
Other Accrued Expenses 349,069 475,973
Unearned Revenue and Customer Deposits 152,644 328,154
Total Current Liabilities 1,622,265 2,565,792
Deferred Income Taxes, net 943,084 921,084
Total Liabilities 2,565,349 3,486,876
Shareholders' Equity    
Preferred Stock, No Par Value, 500,000 Shares Authorized: None Outstanding 0 0
Common Stock, $1.00 Par Value, 4,000,000 Shares Authorized: 1,138,096 Shares Issued, 966,132 Shares Outstanding 1,138,096 1,138,096
Additional Paid-in Capital 447,134 447,134
Retained Earnings 31,494,895 32,096,617
Treasury Stock, 171,964 Shares at cost (3,922,098) (3,922,098)
Total Shareholders' Equity 29,158,027 29,759,749
Total Liabilities and Shareholders' Equity $ 31,723,376 $ 33,246,625