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

3 Months Ended

Mar. 31, 2022

Tables/Schedules

Schedule of Segment Reporting by Segment

	Fastener	Assembly Equipment	Other	Consolidated
Three Months Ended March 31, 2022:
Net sales	$8,153,833	$1,043,863	0	$9,197,696
Depreciation	281,841	33,363	5,220	320,424
Segment operating profit	835,507	232,379	0	1,067,886
Selling and administrative expenses	0	0	(499,328)	(499,328)
Interest income	0	0	1,755	1,755
Income before income taxes				$570,313
Capital expenditures	112,864	0	7,730	120,594
Segment assets:
Accounts receivable, net	6,151,706	486,705	0	6,638,411
Inventories, net	8,299,454	1,313,786	0	9,613,240
Property, plant and equipment, net	9,613,347	1,400,542	1,260,145	12,274,304
Other assets	0	0	4,440,615	4,440,615
				$32,966,300
Three Months Ended March 31, 2021:
Net sales	$8,148,678	$1,156,271	0	$9,304,949
Depreciation	291,183	33,533	5,449	330,165
Segment operating profit	927,158	296,700	0	1,223,858
Selling and administrative expenses	0	0	(543,772)	(543,772)
Interest income	0	0	10,042	10,042
Income before income taxes				$690,128
Capital expenditures	104,524	0	11,939	116,463
Segment assets:
Accounts receivable, net	6,222,588	647,303	0	6,869,891
Inventories, net	5,055,332	1,256,628	0	6,311,960
Property, plant and equipment, net	10,276,980	1,535,329	1,108,792	12,921,101
Other assets	0	0	6,450,577	6,450,577
				$32,553,529

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- 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
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 280
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-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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