Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 8,027,641 $ 13,736,857
Investments 2,685,691 4,602,717
Trade accounts receivable, less allowance for doubtful accounts of $172,000 and $22,000, respectively 23,027,072 13,839,662
Inventories 25,920,573 31,109,653
Prepaid income taxes 3,782,802 2,317,688
Other current assets 1,676,224 1,050,000
Deferred income taxes 3,102,412 3,249,164
TOTAL CURRENT ASSETS 68,222,415 69,905,741
PROPERTY, PLANT AND EQUIPMENT, net 17,577,043 18,153,152
OTHER ASSETS:    
Investments 10,056,996 11,540,261
Goodwill 1,462,503  
Funded pension assets 129,542 172,405
Other assets 1,162,471 514,676
TOTAL OTHER ASSETS 12,811,512 12,227,342
TOTAL ASSETS 98,610,970 100,286,235
CURRENT LIABILITIES:    
Current portion of long-term debt 238,024 524,220
Line of credit borrowings 3,900,000  
Accounts payable 7,208,659 5,180,631
Accrued compensation and benefits 3,429,443 3,696,930
Accrued consideration 434,286  
Other accrued liabilities 2,163,991 2,146,582
Dividends payable 1,464,332 1,446,498
TOTAL CURRENT LIABILITIES 18,838,735 12,994,861
LONG TERM LIABILITIES:    
Uncertain tax positions 135,930 77,279
Deferred income taxes 631,819 1,089,994
Long term debt - mortgage payable   103,603
TOTAL LONG-TERM LIABILITIES $ 767,749 $ 1,270,876
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; 8,747,201 and 8,654,756 shares issued and outstanding, respectively $ 437,360 $ 432,738
Additional paid-in capital 39,971,442 38,593,230
Retained earnings 39,437,485 47,689,688
Accumulated other comprehensive loss (841,801) (695,158)
TOTAL STOCKHOLDERS' EQUITY 79,004,486 86,020,498
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 98,610,970 $ 100,286,235