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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 5,218,940 $ 4,786,923
Accounts receivable, net 1,768,967 1,868,488
Inventory, net 1,723,989 1,560,175
Prepaid expenses 453,912 417,254
Net investment in sales type leases - current 63,487 59,173
Income tax receivable 0 124,198
TOTAL CURRENT ASSETS 9,229,295 8,816,211
LONG-TERM ASSETS    
Accounts receivable - long-term 1,094,869 1,523,793
Net investment in sales type leases - long term 161,089 176,444
Operating lease right-of-use assets 143,294 157,802
TOTAL LONG-TERM ASSETS 1,399,252 1,858,039
TOTAL ASSETS 10,628,547 10,674,250
CURRENT LIABILITIES    
Accounts payable and accrued expenses 429,438 417,853
Payroll liabilities 51,052 10,665
Customer deposits 1,077,698 1,485,622
Current portion of operating lease liabilities 56,197 55,942
Income tax payable 8,202 0
TOTAL CURRENT LIABILITIES 1,622,587 1,970,082
LONG-TERM LIABILITIES    
Operating lease liabilities 81,183 97,476
Deferred tax liability 288,000 331,000
TOTAL LIABILITIES 1,991,770 2,398,558
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 25,000,000 shares authorized: 4,756,734 and 4,756,734 shares issued; and 4,631,988 and 4,621,988 shares outstanding at March 31, 2023 and December 31, 2022, respectively. 4,632 4,622
Additional paid-in capital 2,224,702 2,207,030
Retained earnings 6,633,500 6,297,639
Stockholders' Equity before Treasury Stock 8,862,834 8,509,291
Treasury stock, 124,746 and 134,746 shares (at cost) at March 31, 2023 and December 31, 2022, respectively. (226,057) (233,599)
TOTAL STOCKHOLDERS’ EQUITY 8,636,777 8,275,692
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 10,628,547 $ 10,674,250