XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 2,875,282 $ 2,567,731
Certificates of deposit 2,741,000 4,733,000
Accounts receivable - Less allowances of $170,000 6,074,743 5,163,450
Inventories, net 7,745,270 5,153,294
Prepaid income taxes 20,440 85,940
Other current assets 457,162 383,772
Total current assets 19,913,897 18,087,187
Property, Plant and Equipment:    
Land and improvements 1,778,819 1,636,749
Buildings and improvements 8,456,983 8,440,738
Production equipment and other 36,624,248 36,333,550
Property, Plant and Equipment, Gross 46,860,050 46,411,037
Less accumulated depreciation 34,141,898 33,260,153
Net property, plant and equipment 12,718,152 13,150,884
Total assets 32,632,049 31,238,071
Current Liabilities:    
Accounts payable 1,176,565 466,424
Accrued wages and salaries 871,804 482,008
Other accrued expenses 357,321 322,968
Unearned revenue and customer deposits 208,539 249,498
Total current liabilities 2,614,229 1,520,898
Deferred income taxes 917,084 1,011,084
Total liabilities 3,531,313 2,531,982
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 31,437,604 31,042,957
Treasury stock, 171,964 shares at cost (3,922,098) (3,922,098)
Total shareholders' equity 29,100,736 28,706,089
Total liabilities and shareholders' equity $ 32,632,049 $ 31,238,071