Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of (Loss) Income And Comprehensive (Loss) Income

v3.7.0.1
Consolidated Statements Of (Loss) Income And Comprehensive (Loss) Income - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Consolidated Statements Of (Loss) Income And Comprehensive (Loss) Income [Abstract]      
Sales $ 99,352,934 $ 107,669,524 $ 119,071,439
Costs and expenses:      
Cost of sales 72,771,393 76,123,362 76,912,881
Selling, general and administrative expenses 35,185,924 40,829,755 38,627,801
Additional minimum pension liability adjustments (4,147,836)    
Plan settlement costs   1,222,276  
Restructuring expense 0 0 237,838
Total costs and expenses 103,809,481 118,175,393 115,778,520
Operating (loss) income (4,456,547) (10,505,869) 3,292,919
Other (expenses) and income:      
Investment and other income 208,564 216,491 80,392
Gain (loss) on sale of assets 749,509 8,090 (112,242)
Interest and other expense (119,627) (120,435) (79,841)
Foreign currency translation loss (4,238,497)    
Other (expense) income, net (3,400,051) 104,146 (111,691)
(Loss) income from operations before income taxes (7,856,598) (10,401,723) 3,181,228
Income tax expense (benefit) 256,950 (753,415) 1,219,355
Net (loss) income (8,113,548) (9,648,308) 1,961,873
Other comprehensive (loss) income, net of tax:      
Additional minimum pension liability adjustments (4,147,836) 2,197,000 155,000
Unrealized gains/(losses) on available-for-sale securities 29,736 28,161 (42,666)
Foreign currency translation adjustment 4,097,821 (2,196,385) (567,480)
Total other comprehensive (loss) income (20,279) 28,776 (455,146)
Comprehensive (loss) income $ (8,133,827) $ (9,619,532) $ 1,506,727
Basic net (loss) income per share: $ (0.92) $ (1.11) $ 0.23
Diluted net (loss) income per share: $ (0.92) $ (1.11) $ 0.23
Weighted Average Basic Shares Outstanding 8,831,782 8,720,225 8,622,032
Weighted Average Dilutive Shares Outstanding 8,831,782 8,720,225 8,640,416