Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 3,233,390 $ 9,812,737
Investments 8,815,960 5,228,668
Trade accounts receivable, less allowance for doubtful accounts of $46,000 and $123,000, respectively 16,372,514 17,849,207
Inventories 24,560,477 24,985,560
Prepaid income taxes 3,113,837 2,972,271
Other current assets 1,166,929 1,041,303
TOTAL CURRENT ASSETS 57,263,107 61,889,746
PROPERTY, PLANT AND EQUIPMENT, net 16,294,720 17,468,420
OTHER ASSETS:    
Investments 727,764 6,293,505
Goodwill 1,462,503 1,462,503
Other assets 723,421 802,056
TOTAL OTHER ASSETS 2,913,688 8,558,064
TOTAL ASSETS 76,471,515 87,916,230
CURRENT LIABILITIES:    
Current portion of long-term debt   103,603
Accounts payable 6,998,059 8,373,292
Accrued compensation and benefits 2,786,226 3,050,822
Accrued consideration 6,918 442,234
Other accrued liabilities 2,324,617 1,996,609
Dividends payable 413,966 1,474,892
TOTAL CURRENT LIABILITIES 12,529,786 15,441,452
LONG TERM LIABILITIES:    
Long-term compensation plans 14,968  
Uncertain tax positions 116,280 102,633
Deferred income taxes 50,371 61,453
Pension liabilities   126,001
TOTAL LONG-TERM LIABILITIES 181,619 290,087
COMMITMENTS AND CONTINGENCIES (Footnote 8)
STOCKHOLDERS' EQUITY    
Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued
Common stock, par value $.05 per share; 30,000,000 shares authorized; 8,862,408 and 8,754,550 shares issued and outstanding, respectively 443,120 437,727
Additional paid-in capital 41,134,822 40,129,285
Retained earnings 22,792,222 32,284,061
Accumulated other comprehensive loss (610,054) (666,382)
TOTAL STOCKHOLDERS' EQUITY 63,760,110 72,184,691
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 76,471,515 $ 87,916,230