XML 45 R26.htm IDEA: XBRL DOCUMENT v3.20.4

6 - Segment Information: Schedule of Segment Reporting Information (Tables)

12 Months Ended

Dec. 31, 2020

Tables/Schedules

Schedule of Segment Reporting Information

	Fastener	Assembly Equipment	Other	Consolidated
Year Ended December 31, 2020:
Net Sales………………………………………	$      24,607,863	$      2,982,790	$                  0	$        27,590,653
Depreciation……………………………………...	1,182,555	131,826	32,924	1,347,305
Segment operating profit………………………	1,531,933	513,250	0	2,045,183
Selling and administrative expenses…………..	0	0	(2,128,197)	(2,128,197)
Other income……………………………………..	0	0	148,464	148,464
Income before income taxes……………………				65,450
Capital expenditures…………………………….	614,835	13,924	195,377	824,136
Segment assets:
Accounts receivable, net……………………...	4,906,239	257,211	0	5,163,450
Inventories, net………………………………...	4,024,138	1,129,156	0	5,153,294
Property, plant and equipment, net………….	10,479,720	1,568,862	1,102,302	13,150,884
Other assets……………………………………	0	0	7,770,443	7,770,443
				31,238,071
Year Ended December 31, 2019:
Net Sales………………………………………	$      28,989,667	$      3,883,335	$                  0	$        32,873,002
Depreciation……………………………………...	1,217,174	126,430	38,631	1,382,235
Segment operating profit………………………	1,762,835	1,083,548	0	2,846,383
Selling and administrative expenses…………..	0	0	(2,354,799)	(2,354,799)
Other income……………………………………..	0	0	191,730	191,730
Income before income taxes……………………				683,314
Capital expenditures…………………………….	1,522,541	233,697	46,676	1,802,914
Segment assets:
Accounts receivable, net……………………...	4,313,185	296,129	0	4,609,314
Inventories, net………………………………...	3,985,883	965,294	0	4,951,177
Property, plant and equipment, net………….	11,047,439	1,686,764	939,850	13,674,053
Other assets……………………………………	0	0	8,488,832	8,488,832
				31,723,376

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlockSupplementAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration