Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 17,066,485 $ 10,443,274
Investments 725,112 5,805,276
Trade accounts receivable, less allowance for doubtful accounts of $117,000 and $77,000, respectively 13,807,564 14,552,191
Inventories 15,017,656 22,204,902
Prepaid income taxes 612,676 1,400,118
Other current assets 1,047,320 967,332
TOTAL CURRENT ASSETS 48,276,813 55,373,093
PROPERTY, PLANT AND EQUIPMENT, net 12,963,718 15,719,403
OTHER ASSETS:    
Goodwill   1,462,503
Other assets, net 19,803 622,017
TOTAL OTHER ASSETS 19,803 2,084,520
TOTAL ASSETS 61,260,334 73,177,016
CURRENT LIABILITIES:    
Accounts payable 5,391,519 6,953,710
Accrued compensation and benefits 2,618,752 2,149,973
Other accrued liabilities 1,711,065 1,851,938
Dividends payable 398,210 412,542
TOTAL CURRENT LIABILITIES 10,119,546 11,368,163
LONG TERM LIABILITIES:    
Long-term compensation plans 34,287 16,299
Uncertain tax positions 3,649 106,864
Deferred income taxes   52,998
TOTAL LONG-TERM LIABILITIES 37,936 176,161
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; 8,963,516 and 8,877,379 shares issued and outstanding, respectively 448,176 443,869
Additional paid-in capital 41,894,426 41,279,281
Retained earnings 9,386,374 20,596,203
Accumulated other comprehensive loss (626,124) (686,661)
TOTAL STOCKHOLDERS' EQUITY 51,102,852 61,632,692
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 61,260,334 $ 73,177,016