Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 15,171,261 $ 10,443,274
Investments 2,368,339 5,805,276
Trade accounts receivable, less allowance for doubtful accounts of $92,000 and $77,000, respectively 13,776,287 14,552,191
Inventories 19,910,543 22,204,902
Prepaid income taxes 1,366,816 1,400,118
Other current assets 1,048,716 967,332
TOTAL CURRENT ASSETS 53,641,962 55,373,093
PROPERTY, PLANT AND EQUIPMENT, net 14,872,364 15,719,403
OTHER ASSETS:    
Goodwill 1,462,503 1,462,503
Other assets 533,037 622,017
TOTAL OTHER ASSETS 1,995,540 2,084,520
TOTAL ASSETS 70,509,866 73,177,016
CURRENT LIABILITIES:    
Accounts payable 5,553,682 6,953,710
Accrued compensation and benefits 2,593,447 2,149,973
Other accrued liabilities 1,673,578 1,851,938
Dividends payable 398,467 412,542
TOTAL CURRENT LIABILITIES 10,219,174 11,368,163
LONG TERM LIABILITIES:    
Long-term compensation plans 29,499 16,299
Uncertain tax positions 108,909 106,864
Deferred income taxes 62,414 52,998
TOTAL LONG-TERM LIABILITIES 200,822 176,161
COMMITMENTS AND CONTINGENCIES (Footnote 7)
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; 8,937,640 and 8,877,379 shares issued and outstanding, respectively 446,882 443,869
Additional paid-in capital 41,609,445 41,279,281
Retained earnings 18,726,976 20,596,203
Accumulated other comprehensive loss (693,433) (686,661)
TOTAL STOCKHOLDERS' EQUITY 60,089,870 61,632,692
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 70,509,866 $ 73,177,016