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Assets 2010 2009
Current assets
Cash $ 1,320,096 $ 1,089,978
Accounts receivable: net (Notes 2 and 5) 1,646,046 1,285,593
Inventories [Notes 1(a), 3, and 5] 13,524,349 12,356,400
Prepaid expenses 17,720 15,826
Deposits 7,916 5,484
Total current assets $16,516,127 $14,753,281 Property, plant, and equipment [Notes 1(b) and 4] 596,517 612,480
at cost, less accumulated depreciation
Total Assets $17,112,644 $15,365,761
Liabilities
Current liabilities
Notes payable-Bank (Note 5) $5,100,000 $ 4,250,000
Accounts payable 1,750,831 1,403,247
Accrued liabilities 257,800 217,003
Federal income taxes payable 35,284 45,990
Current portion of long-term debt (Note 6) 5,642 5,642 Total current liabilities $ 7,149,557 $ 5,921,882
Long-term liabilities
Long-term debt (Note 6) 409,824 415,466
Total Liabilities $ 7,559,381 $ 6,337,348
Stockholders' Equity
Common stock (Note 7) $10,000 $10,000
Additional paid-in capital 2,500,000 2,500,000 Retained earnings 7,043,263 6,518,413
Total stockholders' equity $ 9,553,263 $ 9,028,413
Total Liabilities and Stockholders' Equity $17,112,644 $15,365,761
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