| Document and Entity Information | 6 Months Ended |
| Jun. 30, 2016USD ($)shares | |
| Document and Entity Information: | |
| Entity Registrant Name | CHICAGO RIVET & MACHINE CO. |
| Document Type | 10-Q |
| Document Period End Date | Jun. 30, 2016 |
| Trading Symbol | cvr |
| Amendment Flag | false |
| Entity Central Index Key | 19,871 |
| Current Fiscal Year End Date | --12-31 |
| Entity Common Stock, Shares Outstanding | shares | 966,132 |
| Entity Public Float | $ | $ 21,211,146 |
| 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 | 2,016 |
| Document Fiscal Period Focus | Q2 |
| Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 | |
| Current Assets: | |||
| Cash and cash equivalents | $ 907,384 | $ 800,894 | |
| Certificates of deposit | 6,565,000 | 6,565,000 | |
| Accounts receivable, net | [1] | 6,278,622 | 5,438,332 |
| Inventories, net | 4,991,208 | 4,538,212 | |
| Prepaid income taxes | 273,112 | ||
| Other current assets | 319,604 | 383,953 | |
| Total current assets | 19,061,818 | 17,999,503 | |
| Property, Plant and Equipment: | |||
| Land | 923,587 | 923,587 | |
| Land improvements | 501,102 | 358,395 | |
| Buildings and improvements | 7,478,507 | 7,271,006 | |
| Production equipment and other | 33,613,257 | 33,295,529 | |
| Property, Plant and Equipment Gross | 42,516,453 | 41,848,517 | |
| Less accumulated depreciation | 30,488,131 | 30,150,074 | |
| Net property, plant and equipment | 12,028,322 | 11,698,443 | |
| Total assets | 31,090,140 | 29,697,946 | |
| Current Liabilities: | |||
| Accounts payable | 1,240,204 | 768,111 | |
| Accrued wages and salaries | 892,712 | 611,484 | |
| Other accrued expenses | 470,217 | 465,662 | |
| Unearned revenue and customer deposits | 263,732 | 467,189 | |
| Total current liabilities | 2,866,865 | 2,312,446 | |
| Deferred income taxes | 879,084 | 894,084 | |
| Total liabilities | 3,745,949 | 3,206,530 | |
| Shareholders' Equity: | |||
| Preferred stock | [2] | 0 | 0 |
| Common stock | [3] | 1,138,096 | 1,138,096 |
| Additional paid-in capital | 447,134 | 447,134 | |
| Retained earnings | 29,681,059 | 28,828,284 | |
| Less: Treasury stock | [4] | 3,922,098 | 3,922,098 |
| Total shareholders' equity | 27,344,191 | 26,491,416 | |
| Total liabilities and shareholders' equity | $ 31,090,140 | $ 29,697,946 | |
| [1] | Net of allowance of $150,000. | ||
| [2] | No par value, 500,000 shares authorized, none outstanding. | ||
| [3] | $1.00 par value, 4,000,000 shares authorized, 1,138,096 shares issued, 966,132 shares outstanding. | ||
| [4] | At cost, 171,964 shares. | ||
| Condensed Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
| Condensed Consolidated Statements of Income | ||||
| Net sales | $ 9,820,730 | $ 9,206,174 | $ 19,417,125 | $ 18,489,965 |
| Cost of goods sold | 7,211,820 | 6,958,664 | 14,379,598 | 14,148,590 |
| Gross profit | 2,608,910 | 2,247,510 | 5,037,527 | 4,341,375 |
| Selling and administrative expenses | 1,449,902 | 1,408,854 | 2,908,621 | 2,834,679 |
| Operating profit | 1,159,008 | 838,656 | 2,128,906 | 1,506,696 |
| Other income | 16,051 | 10,305 | 29,210 | 20,738 |
| Income before provision for income taxes | 1,175,059 | 848,961 | 2,158,116 | 1,527,434 |
| Provision for income taxes | 380,000 | 278,000 | 716,000 | 494,000 |
| Net income | $ 795,059 | $ 570,961 | $ 1,442,116 | $ 1,033,434 |
| Per share data, basic and diluted: | ||||
| Net income per share | $ 0.82 | $ 0.59 | $ 1.49 | $ 1.07 |
| Average common shares outstanding | 966,132 | 966,132 | 966,132 | 966,132 |
| Cash dividends declared per share | $ 0.18 | $ 0.18 | $ 0.61 | $ 0.61 |
| Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
| Jun. 30, 2016 | Jun. 30, 2015 | |
| Cash flows from operating activities: | ||
| Net income | $ 1,442,116 | $ 1,033,434 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 607,477 | 627,475 |
| Loss from disposal of equipment | 318 | 3,719 |
| Deferred income taxes | (15,000) | (38,000) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (840,290) | (236,992) |
| Inventories | (452,996) | 151,945 |
| Other current assets | 337,461 | 63,541 |
| Accounts payable | 469,508 | 230,949 |
| Accrued wages and salaries | 281,228 | 284,720 |
| Other accrued expenses | 4,555 | (134,562) |
| Unearned revenue and customer deposits | (203,457) | 104,962 |
| Net cash provided by operating activities | 1,630,920 | 2,091,191 |
| Cash flows from investing activities: | ||
| Capital expenditures | (936,111) | (868,605) |
| Proceeds from the sale of equipment | 1,022 | 0 |
| Proceeds from certificates of deposit | 2,988,000 | 4,813,000 |
| Purchases of certificates of deposit | (2,988,000) | (4,075,000) |
| Net cash used in investing activities | (935,089) | (130,605) |
| Cash flows from financing activities: | ||
| Cash dividends paid | (589,341) | (589,341) |
| Net cash used in financing activities | (589,341) | (589,341) |
| Net increase in cash and cash equivalents | 106,490 | 1,371,245 |
| Cash and cash equivalents at beginning of period | 800,894 | 231,252 |
| Cash and cash equivalents at end of period | 907,384 | 1,602,497 |
| Supplemental schedule of non-cash investing activities: | ||
| Capital expenditures in accounts payable | $ 2,585 | $ 18,250 |
| Condensed Consolidated Statements of Retained Earnings (Unaudited) - USD ($) | 6 Months Ended | |
| Jun. 30, 2016 | Jun. 30, 2015 | |
| Condensed Consolidated Statements of Retained Earnings | ||
| Retained earnings at beginning of period | $ 28,828,284 | $ 28,077,791 |
| Net income | 1,442,116 | 1,033,434 |
| Cash dividends paid, $.61 per share in 2016 and 2015 | (589,341) | (589,341) |
| Retained earnings at end of period | $ 29,681,059 | $ 28,521,884 |
| Accounting Policies | 6 Months Ended |
| Jun. 30, 2016 | |
| 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 June 30, 2016 (unaudited) and December 31, 2015 (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, 2015. 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 six-month period ending June 30, 2016 are not necessarily indicative of the results to be expected for the year. |
| Risks and Uncertainties | 6 Months Ended |
| Jun. 30, 2016 | |
| 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 | 6 Months Ended |
| Jun. 30, 2016 | |
| 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. |
| Income Taxes | 6 Months Ended |
| Jun. 30, 2016 | |
| Notes | |
| Income Taxes | 4. The Companys effective tax rates were approximately 32.3% and 32.7% for the second quarter of 2016 and 2015, respectively, and 33.2% and 32.3% for the six months ended June 30, 2016 and 2015, 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. In November 2015, the Financial Accounting Standards Board issued Accounting Standards Update No. 2015-17 Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (ASU 2015-17) to simplify the presentation of deferred income taxes. Under this update, all deferred income tax assets and liabilities, along with any related valuation allowance, are required to be classified as noncurrent on the balance sheet. Effective January 1, 2016, the Company early adopted ASU No. 2015-17 and retrospectively reclassified $425,191 of current deferred income tax assets to long-term deferred income tax liability on the December 31, 2015 consolidated balance sheet. The Companys federal income tax returns for the 2012 through 2015 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 through 2015 federal income tax returns will expire on September 15, 2016 through 2019, respectively. The Companys state income tax returns for the 2012 through 2015 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2019. The Company is not currently under examination by any state authority for income tax purposes and no statutes for state income tax filings have been extended. |
| Inventory | 6 Months Ended |
| Jun. 30, 2016 | |
| Notes | |
| Inventory | 5. 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: June 30, 2016 December 31, 2015 Raw material $ 2,034,329 $ 1,923,932 Work-In-Process 1,976,821 1,606,389 Finished Goods 1,539,058 1,584,891 Inventory, Gross 5,550,208 5,115,212 Valuation reserves (559,000) (577,000) Inventory, Net $ 4,991,208 $ 4,538,212 |
| Segment Reporting | 6 Months Ended |
| Jun. 30, 2016 | |
| Notes | |
| Segment Reporting | 6. Segment InformationThe Company operates in two business segments as determined by its products. The fastener segment includes rivets, cold-formed fasteners 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 June 30, 2016: Net sales $ 8,858,036 $ 962,694 0 $ 9,820,730 Depreciation 268,450 22,032 17,640 308,122 Segment operating profit 1,487,070 345,575 0 1,832,645 Selling and administrative expenses 0 0 (667,149) (667,149) Interest income 0 0 9,563 9,563 Income before income taxes $ 1,175,059 Capital expenditures 298,237 7,180 33,898 339,315 Segment assets: Accounts receivable, net 5,979,118 299,504 0 6,278,622 Inventories, net 3,976,986 1,014,322 0 4,991,208 Property, plant and equipment, net 9,887,971 1,613,944 526,407 12,028,322 Other assets 0 0 7,791,988 7,791,988 $ 31,090,140 Three Months Ended June 30, 2015: Net sales $ 8,276,263 $ 929,911 0 $ 9,206,174 Depreciation 275,612 20,097 19,121 314,830 Segment operating profit 1,129,353 293,002 0 1,422,355 Selling and administrative expenses 0 0 (579,611) (579,611) Interest income 0 0 6,217 6,217 Income before income taxes $ 848,961 Capital expenditures 108,726 344,367 20,078 473,171 Segment assets: Accounts receivable, net 5,546,859 359,787 0 5,906,646 Inventories, net 4,148,131 862,398 0 5,010,529 Property, plant and equipment, net 9,175,077 1,471,665 486,914 11,133,656 Other assets 0 0 7,829,216 7,829,216 $ 29,880,047 Six Months Ended June 30, 2016: Net sales $ 17,305,365 $ 2,111,760 0 $ 19,417,125 Depreciation 529,273 43,614 34,590 607,477 Segment operating profit 2,713,431 778,774 0 3,492,205 Selling and administrative expenses 0 0 (1,352,411) (1,352,411) Interest income 0 0 18,322 18,322 Income before income taxes $ 2,158,116 Capital expenditures 459,543 399,142 28,170 886,855 Six Months Ended June 30, 2015: Net sales $ 16,676,760 $ 1,813,205 0 $ 18,489,965 Depreciation 549,364 40,194 37,917 627,475 Segment operating profit 2,147,400 537,591 0 2,684,991 Selling and administrative expenses 0 0 (1,170,607) (1,170,607) Interest income 0 0 13,050 13,050 Income before income taxes $ 1,527,434 Capital expenditures 459,543 399,142 28,170 886,855 |
| Accounting Policies (Policies) | 6 Months Ended |
| Jun. 30, 2016 | |
| 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 June 30, 2016 (unaudited) and December 31, 2015 (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, 2015. 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 six-month period ending June 30, 2016 are not necessarily indicative of the results to be expected for the year. |
| 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. |
| Income Taxes | 4. The Companys effective tax rates were approximately 32.3% and 32.7% for the second quarter of 2016 and 2015, respectively, and 33.2% and 32.3% for the six months ended June 30, 2016 and 2015, 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. In November 2015, the Financial Accounting Standards Board issued Accounting Standards Update No. 2015-17 Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (ASU 2015-17) to simplify the presentation of deferred income taxes. Under this update, all deferred income tax assets and liabilities, along with any related valuation allowance, are required to be classified as noncurrent on the balance sheet. Effective January 1, 2016, the Company early adopted ASU No. 2015-17 and retrospectively reclassified $425,191 of current deferred income tax assets to long-term deferred income tax liability on the December 31, 2015 consolidated balance sheet. The Companys federal income tax returns for the 2012 through 2015 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 through 2015 federal income tax returns will expire on September 15, 2016 through 2019, respectively. The Companys state income tax returns for the 2012 through 2015 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2019. The Company is not currently under examination by any state authority for income tax purposes and no statutes for state income tax filings have been extended. |
| Inventory | 5. Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method. |
| Segment Reporting | 6. Segment InformationThe Company operates in two business segments as determined by its products. The fastener segment includes rivets, cold-formed fasteners 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) | 6 Months Ended |
| Jun. 30, 2016 | |
| Tables/Schedules | |
| Schedule of Inventory, Current | June 30, 2016 December 31, 2015 Raw material $ 2,034,329 $ 1,923,932 Work-In-Process 1,976,821 1,606,389 Finished Goods 1,539,058 1,584,891 Inventory, Gross 5,550,208 5,115,212 Valuation reserves (559,000) (577,000) Inventory, Net $ 4,991,208 $ 4,538,212 |
| Schedule of Segment Reporting Information, by Segment (Tables) | 6 Months Ended |
| Jun. 30, 2016 | |
| Tables/Schedules | |
| Schedule of Segment Reporting Information, by Segment | Fastener Assembly Equipment Other Consolidated Three Months Ended June 30, 2016: Net sales $ 8,858,036 $ 962,694 0 $ 9,820,730 Depreciation 268,450 22,032 17,640 308,122 Segment operating profit 1,487,070 345,575 0 1,832,645 Selling and administrative expenses 0 0 (667,149) (667,149) Interest income 0 0 9,563 9,563 Income before income taxes $ 1,175,059 Capital expenditures 298,237 7,180 33,898 339,315 Segment assets: Accounts receivable, net 5,979,118 299,504 0 6,278,622 Inventories, net 3,976,986 1,014,322 0 4,991,208 Property, plant and equipment, net 9,887,971 1,613,944 526,407 12,028,322 Other assets 0 0 7,791,988 7,791,988 $ 31,090,140 Three Months Ended June 30, 2015: Net sales $ 8,276,263 $ 929,911 0 $ 9,206,174 Depreciation 275,612 20,097 19,121 314,830 Segment operating profit 1,129,353 293,002 0 1,422,355 Selling and administrative expenses 0 0 (579,611) (579,611) Interest income 0 0 6,217 6,217 Income before income taxes $ 848,961 Capital expenditures 108,726 344,367 20,078 473,171 Segment assets: Accounts receivable, net 5,546,859 359,787 0 5,906,646 Inventories, net 4,148,131 862,398 0 5,010,529 Property, plant and equipment, net 9,175,077 1,471,665 486,914 11,133,656 Other assets 0 0 7,829,216 7,829,216 $ 29,880,047 Six Months Ended June 30, 2016: Net sales $ 17,305,365 $ 2,111,760 0 $ 19,417,125 Depreciation 529,273 43,614 34,590 607,477 Segment operating profit 2,713,431 778,774 0 3,492,205 Selling and administrative expenses 0 0 (1,352,411) (1,352,411) Interest income 0 0 18,322 18,322 Income before income taxes $ 2,158,116 Capital expenditures 459,543 399,142 28,170 886,855 Six Months Ended June 30, 2015: Net sales $ 16,676,760 $ 1,813,205 0 $ 18,489,965 Depreciation 549,364 40,194 37,917 627,475 Segment operating profit 2,147,400 537,591 0 2,684,991 Selling and administrative expenses 0 0 (1,170,607) (1,170,607) Interest income 0 0 13,050 13,050 Income before income taxes $ 1,527,434 Capital expenditures 459,543 399,142 28,170 886,855 |
| Schedule of Inventory, Current (Details) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
| Details | |||
| Inventory, Raw Materials, Gross | $ 2,034,329 | $ 1,923,932 | |
| Inventory, Work in Process, Gross | 1,976,821 | 1,606,389 | |
| Inventory, Finished Goods, Gross | 1,539,058 | 1,584,891 | |
| Inventory, Gross | 5,550,208 | 5,115,212 | |
| Inventory Valuation Reserves | (559,000) | (577,000) | |
| Inventories, net | $ 4,991,208 | $ 4,538,212 | $ 5,010,529 |
| Schedule of Segment Reporting Information, by Segment (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
| Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | ||||
| Net sales | $ 9,820,730 | $ 9,206,174 | $ 19,417,125 | $ 18,489,965 | ||||
| Depreciation | 308,122 | 314,830 | 607,477 | 627,475 | ||||
| Segment operating profit | 1,832,645 | 1,422,355 | 3,492,205 | 2,684,991 | ||||
| Selling and administrative expenses | (667,149) | (579,611) | (1,352,411) | (1,170,607) | ||||
| Interest income | 9,563 | 6,217 | 18,322 | 13,050 | ||||
| Capital expenditures | 339,315 | 473,171 | 886,855 | 886,855 | ||||
| Accounts receivable, net | 6,278,622 | [1] | 5,906,646 | 6,278,622 | [1] | 5,906,646 | $ 5,438,332 | [1] |
| Inventories, net | 4,991,208 | 5,010,529 | 4,991,208 | 5,010,529 | 4,538,212 | |||
| Property, plant and equipment, net | 12,028,322 | 11,133,656 | 12,028,322 | 11,133,656 | $ 11,698,443 | |||
| Other assets | 7,791,988 | 7,829,216 | 7,791,988 | 7,829,216 | ||||
| Fastener | ||||||||
| Net sales | 8,858,036 | 8,276,263 | 17,305,365 | 16,676,760 | ||||
| Depreciation | 268,450 | 275,612 | 529,273 | 549,364 | ||||
| Segment operating profit | 1,487,070 | 1,129,353 | 2,713,431 | 2,147,400 | ||||
| Selling and administrative expenses | 0 | 0 | 0 | 0 | ||||
| Interest income | 0 | 0 | 0 | 0 | ||||
| Capital expenditures | 298,237 | 108,726 | 459,543 | 459,543 | ||||
| Accounts receivable, net | 5,979,118 | 5,546,859 | 5,979,118 | 5,546,859 | ||||
| Inventories, net | 3,976,986 | 4,148,131 | 3,976,986 | 4,148,131 | ||||
| Property, plant and equipment, net | 9,887,971 | 9,175,077 | 9,887,971 | 9,175,077 | ||||
| Other assets | 0 | 0 | 0 | 0 | ||||
| Assembly Equipment | ||||||||
| Net sales | 962,694 | 929,911 | 2,111,760 | 1,813,205 | ||||
| Depreciation | 22,032 | 20,097 | 43,614 | 40,194 | ||||
| Segment operating profit | 345,575 | 293,002 | 778,774 | 537,591 | ||||
| Selling and administrative expenses | 0 | 0 | 0 | 0 | ||||
| Interest income | 0 | 0 | 0 | 0 | ||||
| Capital expenditures | 7,180 | 344,367 | 399,142 | 399,142 | ||||
| Accounts receivable, net | 299,504 | 359,787 | 299,504 | 359,787 | ||||
| Inventories, net | 1,014,322 | 862,398 | 1,014,322 | 862,398 | ||||
| Property, plant and equipment, net | 1,613,944 | 1,471,665 | 1,613,944 | 1,471,665 | ||||
| Other assets | 0 | 0 | 0 | 0 | ||||
| Unallocated Corporate | ||||||||
| Net sales | 0 | 0 | 0 | 0 | ||||
| Depreciation | 17,640 | 19,121 | 34,590 | 37,917 | ||||
| Segment operating profit | 0 | 0 | 0 | 0 | ||||
| Selling and administrative expenses | (667,149) | (579,611) | (1,352,411) | (1,170,607) | ||||
| Interest income | 9,563 | 6,217 | 18,322 | 13,050 | ||||
| Capital expenditures | 33,898 | 20,078 | 28,170 | 28,170 | ||||
| Accounts receivable, net | 0 | 0 | 0 | 0 | ||||
| Inventories, net | 0 | 0 | 0 | 0 | ||||
| Property, plant and equipment, net | 526,407 | 486,914 | 526,407 | 486,914 | ||||
| Other assets | $ 7,791,988 | $ 7,829,216 | $ 7,791,988 | $ 7,829,216 | ||||
| [1] | Net of allowance of $150,000. | |||||||
