| Document and Entity Information - USD ($) | 9 Months Ended | |
| Sep. 30, 2015 | Jun. 30, 2015 | |
| Document and Entity Information: | ||
| Entity Registrant Name | CHICAGO RIVET & MACHINE CO. | |
| Document Type | 10-Q | |
| Document Period End Date | Sep. 30, 2015 | |
| Trading Symbol | cvr | |
| Amendment Flag | false | |
| Entity Central Index Key | 19,871 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Common Stock, Shares Outstanding | 966,132 | |
| Entity Public Float | $ 21,996,744 | |
| Entity Filer Category | Smaller Reporting Company | |
| Entity Current Reporting Status | Yes | |
| Entity Voluntary Filers | No | |
| Entity Well-known Seasoned Issuer | No | |
| Document Fiscal Year Focus | 2,015 | |
| Document Fiscal Period Focus | Q3 |
| Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 | |||
| Current Assets: | |||||
| Cash and cash equivalents | $ 1,080,803 | $ 231,252 | |||
| Certificates of deposit | 6,316,000 | 6,058,000 | |||
| Accounts receivable, net | 5,902,138 | [1] | 5,669,654 | [2] | |
| Inventories, net | 4,864,052 | 5,162,474 | |||
| Deferred tax assets | 448,191 | 446,191 | |||
| Prepaid income taxes | 17,112 | 173,656 | |||
| Other current assets | 489,468 | 348,413 | |||
| Total current assets | 19,117,764 | 18,089,640 | |||
| Property, Plant and Equipment: | |||||
| Land | 923,587 | 923,587 | |||
| Land improvements | 358,395 | 346,655 | |||
| Buildings and improvements | 6,528,761 | 6,494,896 | |||
| Production equipment and other | 33,578,649 | 33,190,789 | |||
| Property, Plant and Equipment Gross | 41,389,392 | 40,955,927 | |||
| Less accumulated depreciation | 30,135,229 | 30,077,932 | |||
| Net property, plant and equipment | 11,254,163 | 10,877,995 | |||
| Total assets | 30,371,927 | 28,967,635 | |||
| Current Liabilities: | |||||
| Accounts payable | 1,275,949 | 923,819 | |||
| Accrued wages and salaries | 913,435 | 605,029 | |||
| Other accrued expenses | 450,997 | 520,723 | |||
| Unearned revenue and customer deposits | 228,688 | 69,866 | |||
| Total current liabilities | 2,869,069 | 2,119,437 | |||
| Deferred income taxes | 1,069,275 | 1,107,275 | |||
| Total liabilities | 3,938,344 | 3,226,712 | |||
| Shareholders' Equity: | |||||
| Preferred stock | [3] | 0 | 0 | ||
| Common stock | [4] | 1,138,096 | 1,138,096 | ||
| Additional paid-in capital | 447,134 | 447,134 | |||
| Retained earnings | 28,770,451 | 28,077,791 | |||
| Less: Treasury stock | [5] | 3,922,098 | 3,922,098 | ||
| Total shareholders' equity | 26,433,583 | 25,740,923 | |||
| Total liabilities and shareholders' equity | $ 30,371,927 | $ 28,967,635 | |||
| [1] | Net of allowance of $146,000. | ||||
| [2] | Net of allowance of $150,000. | ||||
| [3] | No par value, 500,000 shares authorized, none outstanding. | ||||
| [4] | $1.00 par value, 4,000,000 shares authorized, 1,138,096 shares issued, 966,132 shares outstanding. | ||||
| [5] | At cost, 171,964 shares. | ||||
| Condensed Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
| Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
| Condensed Consolidated Statements of Income | ||||
| Net sales | $ 9,018,272 | $ 8,995,825 | $ 27,508,237 | $ 28,446,927 |
| Cost of goods sold | 7,107,714 | 6,910,132 | 21,256,304 | 21,858,419 |
| Gross profit | 1,910,558 | 2,085,693 | 6,251,933 | 6,588,508 |
| Selling and administrative expenses | 1,294,140 | 1,326,911 | 4,128,819 | 4,120,849 |
| Operating profit | 616,418 | 758,782 | 2,123,114 | 2,467,659 |
| Other income | 12,053 | 9,975 | 32,791 | 30,525 |
| Income before provision for income taxes | 628,471 | 768,757 | 2,155,905 | 2,498,184 |
| Provision for income taxes | 206,000 | 228,000 | 700,000 | 820,000 |
| Net income | $ 422,471 | $ 540,757 | $ 1,455,905 | $ 1,678,184 |
| Per share data, basic and diluted: | ||||
| Net income per share | $ 0.44 | $ 0.56 | $ 1.51 | $ 1.74 |
| Average common shares outstanding | 966,132 | 966,132 | 966,132 | 966,132 |
| Cash dividends declared per share | $ 0.18 | $ 0.18 | $ 0.79 | $ 0.94 |
| Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
| Sep. 30, 2015 | Sep. 30, 2014 | |
| Cash flows from operating activities: | ||
| Net income | $ 1,455,905 | $ 1,678,184 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 943,595 | 932,500 |
| (Gain) loss from disposal of equipment | 17,485 | (17,613) |
| Deferred income taxes | (40,000) | (94,000) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (232,484) | (450,535) |
| Inventories | 298,422 | (401,963) |
| Other current assets | 15,489 | (139,946) |
| Accounts payable | 349,057 | 350,207 |
| Accrued wages and salaries | 308,406 | 462,838 |
| Other accrued expenses | (69,726) | (56,565) |
| Unearned revenue and customer deposits | 158,822 | (35,098) |
| Net cash provided by operating activities | 3,204,971 | 2,228,009 |
| Cash flows from investing activities: | ||
| Capital expenditures | (1,339,044) | (1,329,170) |
| Proceeds from the sale of equipment | 4,869 | 18,700 |
| Proceeds from certificates of deposit | 5,560,000 | 2,639,348 |
| Purchases of certificates of deposit | (5,818,000) | (2,241,000) |
| Net cash used in investing activities | (1,592,175) | (912,122) |
| Cash flows from financing activities: | ||
| Cash dividends paid | (763,245) | (908,164) |
| Net cash used in financing activities | (763,245) | (908,164) |
| Net increase in cash and cash equivalents | 849,551 | 407,723 |
| Cash and cash equivalents at beginning of period | 231,252 | 443,608 |
| Cash and cash equivalents at end of period | 1,080,803 | 851,331 |
| Supplemental schedule of non-cash investing activities: | ||
| Capital expenditures in accounts payable | $ 3,073 | $ 19,966 |
| Condensed Consolidated Statements of Retained Earnings (Unaudited) - USD ($) | 9 Months Ended | |
| Sep. 30, 2015 | Sep. 30, 2014 | |
| Condensed Consolidated Statements of Retained Earnings | ||
| Retained earnings at beginning of period | $ 28,077,791 | $ 27,207,970 |
| Net income | 1,455,905 | 1,678,184 |
| Cash dividends declared, $0.79 per share in 2015 and $0.94 per share in 2014 | (763,245) | (908,164) |
| Retained earnings at end of period | $ 28,770,451 | $ 27,977,990 |
| Accounting Policies | 9 Months Ended |
| Sep. 30, 2015 | |
| Notes | |
| Accounting Policies | 1. In the opinion of the Company, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the financial position of the Company as of September 30, 2015 (unaudited) and December 31, 2014 (audited) and the results of operations and changes in cash flows for the indicated periods. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted from these unaudited financial statements in accordance with applicable rules. Please refer to the financial statements and notes thereto included in the Companys Annual Report on Form 10-K for the year ended December 31, 2014. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The results of operations for the three and nine-month period ending September 30, 2015 are not necessarily indicative of the results to be expected for the year. Certain items in 2014 have been reclassified to conform to the presentation in 2015. These changes have no effect on net income or the financial position of the Company. |
| Risks and Uncertainties | 9 Months Ended |
| Sep. 30, 2015 | |
| Notes | |
| Risks and Uncertainties | 2. The Company extends credit on the basis of terms that are customary within our markets to various companies doing business primarily in the automotive industry. The Company has a concentration of credit risk primarily within the automotive industry and in the Midwestern United States. |
| Commitments and Contingencies | 9 Months Ended |
| Sep. 30, 2015 | |
| Notes | |
| Commitments and Contingencies | 3. The Company is, from time to time, involved in litigation, including environmental claims and contract disputes, in the normal course of business. While it is not possible at this time to establish the ultimate amount of liability with respect to contingent liabilities, including those related to legal proceedings, management is of the opinion that the aggregate amount of any such liabilities, for which provision has not been made, will not have a material adverse effect on the Company's financial position. 4. The Company has entered into a contract to expand the fastener segment facility in Madison Heights, Michigan in order to provide additional capacity and improve workflow in the plant. The base contract amount is $1,502,500 and construction began during the third quarter. |
| Income Taxes | 9 Months Ended |
| Sep. 30, 2015 | |
| Notes | |
| Income Taxes | 5. The Companys effective tax rates were 32.8% and 29.7% for the third quarter of 2015 and 2014, respectively, and 32.5% and 32.8% for the nine months ended September 30, 2015 and 2014, respectively. Rates were lower than the U.S. federal statutory rate primarily due to the Domestic Production Activities Deduction allowed under Internal Revenue Code Section 199. The Companys federal income tax returns for the 2012, 2013 and 2014 tax years are subject to examination by the Internal Revenue Service (IRS). While it may be possible that a reduction could occur with respect to the Companys unrecognized tax benefits as an outcome of an IRS examination, management does not anticipate any adjustments that would result in a material change to the results of operations or financial condition of the Company. No statutes have been extended on any of the Companys federal income tax filings. The statute of limitations on the Companys 2012, 2013 and 2014 federal income tax returns will expire on September 15, 2016, 2017 and 2018, respectively. The Companys state income tax returns for the 2012 through 2014 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2018. The Company is currently not under examination by any state authority for income tax purposes and no statutes for state income tax filings have been extended. |
| Inventory | 9 Months Ended |
| Sep. 30, 2015 | |
| Notes | |
| Inventory | 6. Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method. A summary of inventories is as follows: September 30, 2015 December 31, 2014 Raw material $ 2,018,773 $ 2,154,572 Work-In-Process 1,690,510 1,664,899 Finished Goods 1,771,769 1,961,003 Inventory, Gross 5,481,052 5,780,474 Valuation reserves 617,000 618,000 Inventory, Net $ 4,864,052 $ 5,162,474 |
| Segment Reporting | 9 Months Ended |
| Sep. 30, 2015 | |
| Notes | |
| Segment Reporting | 7. Segment InformationThe Company operates in two business segments as determined by its products. The fastener segment includes cold-formed parts, rivets and screw machine products. The assembly equipment segment includes automatic rivet setting machines and parts and tools for such machines. Information by segment is as follows: Fastener Assembly Equipment Other Consolidated Three Months Ended September 30, 2015: Net sales $ 8,153,422 $ 864,850 0 $ 9,018,272 Depreciation 276,252 20,097 19,771 316,120 Segment operating profit 893,862 237,849 0 1,131,711 Selling and administrative expenses 0 0 (509,169) (509,169) Interest income 0 0 5,929 5,929 Income before income taxes $ 628,471 Capital expenditures 360,898 49,119 45,245 455,262 Segment assets: Accounts receivable, net 5,536,738 365,400 0 5,902,138 Inventories, net 3,959,195 904,857 0 4,864,052 Property, plant and equip ment, net 9,259,723 1,482,052 512,388 11,254,163 Other assets 0 0 8,351,574 8,351,574 $ 30,371,927 Three Months Ended September 30, 2014: Net sales $ 8,295,936 $ 699,889 0 $ 8,995,825 Depreciation 279,258 16,066 18,440 313,764 Segment operating profit 1,110,078 157,153 0 1,267,231 Selling and administrative expenses 0 0 (504,849) (504,849) Interest income 0 0 6,375 6,375 Income before income taxes $ 768,757 Capital expenditures 532,879 0 16,170 549,049 Segment assets: Accounts receivable, net 5,615,498 345,807 0 5,961,305 Inventories, net 4,479,552 803,199 0 5,282,751 Property, plant and equipment, net 9,199,056 1,110,475 515,138 10,824,669 Other assets 0 0 7,543,989 7,543,989 $ 29,612,714 Nine Months Ended September 30, 2015: Net sales $ 24,830,182 $ 2,678,055 0 $ 27,508,237 Depreciation 825,616 60,291 57,688 943,595 Segment operating profit 3,041,262 775,440 0 3,816,702 Selling and administrative expenses 0 0 (1,679,776) (1,679,776) Interest income 0 0 18,979 18,979 Income before income taxes $ 2,155,905 Capital expenditures 820,441 448,261 73,415 1,342,117 Nine Months Ended September 30, 2014: Net sales $ 26,148,265 $ 2,298,662 0 $ 28,446,927 Depreciation 829,612 48,198 54,690 932,500 Segment operating profit 3,507,230 558,550 0 4,065,780 Selling and administrative expenses 0 0 (1,586,833) (1,586,833) Interest income 0 0 19,237 19,237 Income before income taxes $ 2,498,184 Capital expenditures 1,302,214 21,540 25,382 1,349,136 |
| Accounting Policies (Policies) | 9 Months Ended |
| Sep. 30, 2015 | |
| Policies | |
| Accounting Policies | 1. In the opinion of the Company, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the financial position of the Company as of September 30, 2015 (unaudited) and December 31, 2014 (audited) and the results of operations and changes in cash flows for the indicated periods. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted from these unaudited financial statements in accordance with applicable rules. Please refer to the financial statements and notes thereto included in the Companys Annual Report on Form 10-K for the year ended December 31, 2014. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The results of operations for the three and nine-month period ending September 30, 2015 are not necessarily indicative of the results to be expected for the year. Certain items in 2014 have been reclassified to conform to the presentation in 2015. These changes have no effect on net income or the financial position of the Company. |
| Risks and Uncertainties | 2. The Company extends credit on the basis of terms that are customary within our markets to various companies doing business primarily in the automotive industry. The Company has a concentration of credit risk primarily within the automotive industry and in the Midwestern United States. |
| Commitments and Contingencies | 3. The Company is, from time to time, involved in litigation, including environmental claims and contract disputes, in the normal course of business. While it is not possible at this time to establish the ultimate amount of liability with respect to contingent liabilities, including those related to legal proceedings, management is of the opinion that the aggregate amount of any such liabilities, for which provision has not been made, will not have a material adverse effect on the Company's financial position. 4. The Company has entered into a contract to expand the fastener segment facility in Madison Heights, Michigan in order to provide additional capacity and improve workflow in the plant. The base contract amount is $1,502,500 and construction began during the third quarter. |
| Income Taxes | 5. The Companys effective tax rates were 32.8% and 29.7% for the third quarter of 2015 and 2014, respectively, and 32.5% and 32.8% for the nine months ended September 30, 2015 and 2014, respectively. Rates were lower than the U.S. federal statutory rate primarily due to the Domestic Production Activities Deduction allowed under Internal Revenue Code Section 199. The Companys federal income tax returns for the 2012, 2013 and 2014 tax years are subject to examination by the Internal Revenue Service (IRS). While it may be possible that a reduction could occur with respect to the Companys unrecognized tax benefits as an outcome of an IRS examination, management does not anticipate any adjustments that would result in a material change to the results of operations or financial condition of the Company. No statutes have been extended on any of the Companys federal income tax filings. The statute of limitations on the Companys 2012, 2013 and 2014 federal income tax returns will expire on September 15, 2016, 2017 and 2018, respectively. The Companys state income tax returns for the 2012 through 2014 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2018. The Company is currently not under examination by any state authority for income tax purposes and no statutes for state income tax filings have been extended. |
| Inventory | 6. Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method. |
| Segment Reporting | 7. Segment InformationThe Company operates in two business segments as determined by its products. The fastener segment includes cold-formed parts, rivets and screw machine products. The assembly equipment segment includes automatic rivet setting machines and parts and tools for such machines. |
| Schedule of Inventory, Current (Tables) | 9 Months Ended |
| Sep. 30, 2015 | |
| Tables/Schedules | |
| Schedule of Inventory, Current | September 30, 2015 December 31, 2014 Raw material $ 2,018,773 $ 2,154,572 Work-In-Process 1,690,510 1,664,899 Finished Goods 1,771,769 1,961,003 Inventory, Gross 5,481,052 5,780,474 Valuation reserves 617,000 618,000 Inventory, Net $ 4,864,052 $ 5,162,474 |
| Schedule of Segment Reporting Information, by Segment (Tables) | 9 Months Ended |
| Sep. 30, 2015 | |
| Tables/Schedules | |
| Schedule of Segment Reporting Information, by Segment | Fastener Assembly Equipment Other Consolidated Three Months Ended September 30, 2015: Net sales $ 8,153,422 $ 864,850 0 $ 9,018,272 Depreciation 276,252 20,097 19,771 316,120 Segment operating profit 893,862 237,849 0 1,131,711 Selling and administrative expenses 0 0 (509,169) (509,169) Interest income 0 0 5,929 5,929 Income before income taxes $ 628,471 Capital expenditures 360,898 49,119 45,245 455,262 Segment assets: Accounts receivable, net 5,536,738 365,400 0 5,902,138 Inventories, net 3,959,195 904,857 0 4,864,052 Property, plant and equip ment, net 9,259,723 1,482,052 512,388 11,254,163 Other assets 0 0 8,351,574 8,351,574 $ 30,371,927 Three Months Ended September 30, 2014: Net sales $ 8,295,936 $ 699,889 0 $ 8,995,825 Depreciation 279,258 16,066 18,440 313,764 Segment operating profit 1,110,078 157,153 0 1,267,231 Selling and administrative expenses 0 0 (504,849) (504,849) Interest income 0 0 6,375 6,375 Income before income taxes $ 768,757 Capital expenditures 532,879 0 16,170 549,049 Segment assets: Accounts receivable, net 5,615,498 345,807 0 5,961,305 Inventories, net 4,479,552 803,199 0 5,282,751 Property, plant and equipment, net 9,199,056 1,110,475 515,138 10,824,669 Other assets 0 0 7,543,989 7,543,989 $ 29,612,714 Nine Months Ended September 30, 2015: Net sales $ 24,830,182 $ 2,678,055 0 $ 27,508,237 Depreciation 825,616 60,291 57,688 943,595 Segment operating profit 3,041,262 775,440 0 3,816,702 Selling and administrative expenses 0 0 (1,679,776) (1,679,776) Interest income 0 0 18,979 18,979 Income before income taxes $ 2,155,905 Capital expenditures 820,441 448,261 73,415 1,342,117 Nine Months Ended September 30, 2014: Net sales $ 26,148,265 $ 2,298,662 0 $ 28,446,927 Depreciation 829,612 48,198 54,690 932,500 Segment operating profit 3,507,230 558,550 0 4,065,780 Selling and administrative expenses 0 0 (1,586,833) (1,586,833) Interest income 0 0 19,237 19,237 Income before income taxes $ 2,498,184 Capital expenditures 1,302,214 21,540 25,382 1,349,136 |
| Schedule of Inventory, Current (Details) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 |
| Details | |||
| Inventory, Raw Materials, Gross | $ 2,018,773 | $ 2,154,572 | |
| Inventory, Work in Process, Gross | 1,690,510 | 1,664,899 | |
| Inventory, Finished Goods, Gross | 1,771,769 | 1,961,003 | |
| Inventory, Gross | 5,481,052 | 5,780,474 | |
| Inventory Valuation Reserves | 617,000 | 618,000 | |
| Inventories, net | $ 4,864,052 | $ 5,162,474 | $ 5,282,751 |
| Schedule of Segment Reporting Information, by Segment (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
| Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | ||||
| Net sales | $ 9,018,272 | $ 8,995,825 | $ 27,508,237 | $ 28,446,927 | ||||
| Depreciation | 316,120 | 313,764 | 943,595 | 932,500 | ||||
| Segment operating profit | 1,131,711 | 1,267,231 | 3,816,702 | 4,065,780 | ||||
| Selling and administrative expenses | (509,169) | (504,849) | (1,679,776) | (1,586,833) | ||||
| Interest income | 5,929 | 6,375 | 18,979 | 19,237 | ||||
| Capital expenditures | 455,262 | 549,049 | 1,342,117 | 1,349,136 | ||||
| Accounts receivable, net | 5,902,138 | [1] | 5,961,305 | 5,902,138 | [1] | 5,961,305 | $ 5,669,654 | [2] |
| Inventories, net | 4,864,052 | 5,282,751 | 4,864,052 | 5,282,751 | 5,162,474 | |||
| Property, plant and equipment, net | 11,254,163 | 10,824,669 | 11,254,163 | 10,824,669 | $ 10,877,995 | |||
| Other assets | 8,351,574 | 7,543,989 | 8,351,574 | 7,543,989 | ||||
| Fastener | ||||||||
| Net sales | 8,153,422 | 8,295,936 | 24,830,182 | 26,148,265 | ||||
| Depreciation | 276,252 | 279,258 | 825,616 | 829,612 | ||||
| Segment operating profit | 893,862 | 1,110,078 | 3,041,262 | 3,507,230 | ||||
| Selling and administrative expenses | 0 | 0 | 0 | 0 | ||||
| Interest income | 0 | 0 | 0 | 0 | ||||
| Capital expenditures | 360,898 | 532,879 | 820,441 | 1,302,214 | ||||
| Accounts receivable, net | 5,536,738 | 5,615,498 | 5,536,738 | 5,615,498 | ||||
| Inventories, net | 3,959,195 | 4,479,552 | 3,959,195 | 4,479,552 | ||||
| Property, plant and equipment, net | 9,259,723 | 9,199,056 | 9,259,723 | 9,199,056 | ||||
| Other assets | 0 | 0 | 0 | 0 | ||||
| Assembly Equipment | ||||||||
| Net sales | 864,850 | 699,889 | 2,678,055 | 2,298,662 | ||||
| Depreciation | 20,097 | 16,066 | 60,291 | 48,198 | ||||
| Segment operating profit | 237,849 | 157,153 | 775,440 | 558,550 | ||||
| Selling and administrative expenses | 0 | 0 | 0 | 0 | ||||
| Interest income | 0 | 0 | 0 | 0 | ||||
| Capital expenditures | 49,119 | 0 | 448,261 | 21,540 | ||||
| Accounts receivable, net | 365,400 | 345,807 | 365,400 | 345,807 | ||||
| Inventories, net | 904,857 | 803,199 | 904,857 | 803,199 | ||||
| Property, plant and equipment, net | 1,482,052 | 1,110,475 | 1,482,052 | 1,110,475 | ||||
| Other assets | 0 | 0 | 0 | 0 | ||||
| Unallocated Corporate | ||||||||
| Net sales | 0 | 0 | 0 | 0 | ||||
| Depreciation | 19,771 | 18,440 | 57,688 | 54,690 | ||||
| Segment operating profit | 0 | 0 | 0 | 0 | ||||
| Selling and administrative expenses | (509,169) | (504,849) | (1,679,776) | (1,586,833) | ||||
| Interest income | 5,929 | 6,375 | 18,979 | 19,237 | ||||
| Capital expenditures | 45,245 | 16,170 | 73,415 | 25,382 | ||||
| Accounts receivable, net | 0 | 0 | 0 | 0 | ||||
| Inventories, net | 0 | 0 | 0 | 0 | ||||
| Property, plant and equipment, net | 512,388 | 515,138 | 512,388 | 515,138 | ||||
| Other assets | $ 8,351,574 | $ 7,543,989 | $ 8,351,574 | $ 7,543,989 | ||||
| [1] | Net of allowance of $146,000. | |||||||
| [2] | Net of allowance of $150,000. | |||||||
