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Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 4,945,913 $ 1,731,869
Accounts receivable, net of allowance for doubtful accounts of $61,376 and $77,623 at December 31, 2021 and December 31, 2020, respectively. 1,017,533 1,303,724
Inventory, net 1,582,358 1,748,414
Prepaid expenses 799,524 311,170
Net investment in sales type leases - current 39,369 0
Income tax receivable 0 97,273
TOTAL CURRENT ASSETS 8,384,697 5,192,450
LONG-TERM ASSETS    
Accounts receivable - Long-term 288,665 33,783
Property and equipment, net 7,879 30,843
Net investment in sales type leases - long term 137,337 0
Deferred tax asset 9,000 0
Operating lease right-of-use assets 174,096 46,810
TOTAL LONG-TERM ASSETS 616,977 111,436
TOTAL ASSETS 9,001,674 5,303,886
CURRENT LIABILITIES    
Accounts payable and accrued expenses 258,764 104,362
Payroll liabilities 26,370 41,641
Customer deposits 1,576,000 163,709
Current portion of operating lease liabilities 51,046 40,742
Accrued income taxes 438,022 0
TOTAL CURRENT LIABILITIES 2,350,202 350,454
LONG-TERM LIABILITIES    
Operating lease liabilities 124,114 8,939
Deferred tax liability 0 251,000
TOTAL LIABILITIES 2,474,316 610,393
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 25,000,000 shares authorized: 4,656,734 shares issued; and 4,521,988 and 4,506,788 shares outstanding at December 31, 2021 and December 31, 2020, respectively. 4,522 4,507
Additional paid-in capital 1,988,137 1,876,970
Retained earnings 4,768,298 3,057,647
Stockholders' Equity before Treasury Stock 6,760,957 4,939,124
Treasury stock, 134,746 and 149,946 shares (at cost) at December 31, 2021 and December 31, 2020, respectively. (233,599) (245,631)
TOTAL STOCKHOLDERS’ EQUITY 6,527,358 4,693,493
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,001,674 $ 5,303,886