v3.26.1
Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 735,854 $ 1,251,097
Marketable securities 7,300,389 7,322,646
Accounts receivable, net of allowance for credit losses of $21,270 at March 31, 2026 and $17,169 at December 31, 2025 2,008,159 1,586,889
Inventories (net) 1,320,670 1,507,763
Prepaid expenses and other current assets 212,186 207,839
Prepaid income taxes 234,163 325,163
Total current assets 11,811,421 12,201,397
Property, plant, and equipment:    
Land 69,000 69,000
Factory equipment and fixtures 4,796,195 4,786,309
Building and improvements 3,352,276 3,352,276
Total property, plant, and equipment 8,217,471 8,207,585
Less: Accumulated depreciation 7,329,411 7,300,403
Total property, plant and equipment (net) 888,060 907,182
TOTAL ASSETS 12,699,481 13,108,579
Current liabilities    
Accounts payable 114,544 480,791
Accrued expenses 1,316,387 1,164,948
Deferred revenue 25,641 0
Dividends payable 10,093 11,405
Total current liabilities 1,466,665 1,669,321
Deferred income taxes, net 330,482 0
Total liabilities 1,797,147 1,876,567
Commitments and Contingencies  
Stockholders’ equity:    
Common stock $.10 par value; 10,000,000 shares authorized; 4,594,319 shares issued and outstanding at March 31, 2026 and December 31, 2025 459,432 459,432
Retained earnings 10,442,902 10,772,580
Total stockholders’ equity 10,902,334 11,232,012
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 12,699,481 $ 13,108,579