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Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 3,489,771 $ 4,786,923
Short-term investments 1,502,805 0
Accounts receivable, net 2,109,193 1,868,488
Inventory, net 2,904,158 1,560,175
Prepaid expenses 364,886 417,254
Net investment in sales type leases - current 64,310 59,173
Income tax receivable 0 124,198
TOTAL CURRENT ASSETS 10,435,123 8,816,211
LONG-TERM ASSETS    
Accounts receivable - long-term 891,351 1,523,793
Property and equipment, net 38,357 0
Net investment in sales type leases - long term 113,621 176,444
Software development cost 16,691 0
Operating lease right-of-use assets 243,171 157,802
TOTAL LONG-TERM ASSETS 1,303,191 1,858,039
TOTAL ASSETS 11,738,314 10,674,250
CURRENT LIABILITIES    
Accounts payable and accrued expenses 305,664 417,853
Payroll liabilities 0 10,665
Customer deposits 785,805 1,485,622
Current portion of operating lease liabilities 114,294 55,942
Income tax payable 165,226 0
TOTAL CURRENT LIABILITIES 1,370,989 1,970,082
LONG-TERM LIABILITIES    
Operating lease liabilities 126,760 97,476
Deferred tax liability 341,000 331,000
TOTAL LIABILITIES 1,838,749 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 4,634,865 and 4,621,988 shares outstanding at December 31, 2023 and December 31, 2022, respectively. 4,635 4,622
Additional paid-in capital 2,346,483 2,207,030
Retained earnings 7,771,655 6,297,639
Stockholders' Equity before Treasury Stock 10,122,773 8,509,291
Treasury stock, 121,869 and 134,746 shares (at cost) at December 31, 2023 and December 31, 2022, respectively. (223,208) (233,599)
TOTAL STOCKHOLDERS’ EQUITY 9,899,565 8,275,692
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 11,738,314 $ 10,674,250