v3.25.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 765,645 $ 1,922,679
Short-term investments   247,276
Accounts receivable - less allowances of $138,738 and $197,536 4,863,036 3,094,911
Contract assets 0 48,811
Inventories, net 7,048,061 6,496,170
Assets held for sale   348,400
Income taxes receivable   1,378
Other current assets 459,984 431,440
Total current assets 13,136,726 12,591,065
Property, plant and equipment, net 10,460,609 10,735,139
Operating lease right-of-use asset 429,752  
Deposits with vendors 43,970 43,970
Total assets 24,071,057 23,370,174
Current Liabilities:    
Accounts payable 1,497,532 1,233,147
Accrued wages and salaries 493,341 436,417
Other accrued expenses 259,884 284,497
Unearned revenue and customer deposits 69,195 265,789
Federal and state income taxes 18,982  
Current portion of operating lease liabilities 67,526  
Total current liabilities 2,406,460 2,219,850
Deferred income taxes, net 237,872 237,872
Operating lease liabilities 362,284  
Other long-term liabilities 659,951 880,000
Total liabilities 3,666,567 3,337,722
Commitments and contingencies (Note 3)
Shareholders' Equity    
Preferred stock, no par value, 500,000 shares authorized: none outstanding
Common stock, $1.00 par value, 4,000,000 shares authorized, 1,138,096 shares issued; 966,132 shares outstanding 1,138,096 1,138,096
Additional paid-in capital 447,134 447,134
Retained earnings 22,741,358 22,369,320
Treasury stock, 171,964 shares at cost (3,922,098) (3,922,098)
Total shareholders' equity 20,404,490 20,032,452
Total liabilities and shareholders' equity $ 24,071,057 $ 23,370,174