Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 11,592,110 $ 12,453,663
Investments 6,018,503 5,540,744
Trade accounts receivable, less allowance for doubtful accounts of $93,000 and $106,000, respectively 11,761,183 12,183,217
Inventories 14,229,052 13,984,428
Prepaid income taxes 441,770 493,834
Other current assets 1,407,051 810,532
TOTAL CURRENT ASSETS 45,449,669 45,466,418
PROPERTY, PLANT AND EQUIPMENT, net 12,233,152 12,624,730
OTHER ASSETS:    
Deferred income taxes 38,136 38,136
Other assets, net 14,557 16,977
TOTAL OTHER ASSETS 52,693 55,113
TOTAL ASSETS 57,735,514 58,146,261
CURRENT LIABILITIES:    
Accounts payable 4,965,069 4,554,683
Accrued compensation and benefits 2,230,356 2,422,083
Other accrued liabilities 2,651,922 1,586,473
Dividends payable 371,545 397,151
TOTAL CURRENT LIABILITIES 10,218,892 8,960,390
LONG TERM LIABILITIES:    
Long-term compensation plans 26,928 11,079
Uncertain tax positions 4,473 4,065
TOTAL LONG-TERM LIABILITIES 31,401 15,144
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; 9,122,986 and 8,973,708 shares issued and outstanding, respectively 456,149 448,685
Additional paid-in capital 42,501,770 42,006,750
Retained earnings 5,113,019 7,328,671
Accumulated other comprehensive loss (585,717) (613,379)
TOTAL STOCKHOLDERS' EQUITY 47,485,221 49,170,727
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 57,735,514 $ 58,146,261