XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 1,955,903 $ 2,158,025
Accounts receivable 3,959,754 3,241,221
Prepaid expenses 356,696 367,823
Inventories 2,248,861 2,081,260
Asset held for sale 216,000
Other current assets 152,219 140,238
Total current assets 8,673,433 8,204,567
Property, plant and equipment, net 10,241,092 8,576,851
Intangible assets, net 27,778 69,444
Right of use assets 606,323 638,102
Other noncurrent assets 112,619 111,519
Total assets 19,661,245 17,600,483
Current liabilities    
Accounts payable 1,664,491 1,043,581
Accrued expenses 782,054 891,793
Income tax payable 427,165 351,618
Current portion of operating lease liability 51,182 44,273
Current portion of financial obligation 76,406 74,636
Current portion of long-term debt, net of discounts 1,157,879 1,125,864
Other current liabilities 216,000
Total current liabilities 4,159,177 3,747,765
Operating lease liability, less current portion 493,296 523,375
Long-term financial obligation, less current portion 4,017,280 4,038,022
Long-term debt, less current portion, net of discounts 489,303 529,499
Deferred income 675,000 675,000
Total liabilities 9,834,056 9,513,661
Shareholders’ equity    
Common stock - $0.001 par value; 100,000,000 shares authorized; 29,245,080 shares issued and outstanding 29,245 29,245
Additional paid-in-capital 44,171,076 43,943,928
Accumulated deficit (34,373,132) (35,886,351)
Total shareholders’ equity 9,827,189 8,086,822
Total liabilities and shareholders’ equity $ 19,661,245 $ 17,600,483