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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net income $ 1,513,219 $ 149,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 326,014 410,733
Share-based compensation expense 227,148 210,133
Amortization of right-of-use assets 51,257
Amortization of deferred loan cost 3,087 4,631
Changes in operating assets and liabilities:    
Accounts receivable (718,533) (283,974)
Inventories (167,601) 150,290
Prepaid expenses and other current assets (1,954) 186,508
Accounts payable, accrued expenses, and other liabilities (262,804) 248,560
Income tax payable 75,547 6,388
Net cash provided by operating activities 1,045,380 1,083,106
Cash Flows From Investing Activities    
Purchases of property, plant and equipment (1,567,524) (919,127)
Proceeds from recovery of related party note receivable 350,262
Net cash used in investing activities (1,217,262) (919,127)
Cash Flows from Financing Activities    
Principal payments on debt (213,905) (131,978)
Payments on revolving loan (472,089) (21,541)
Proceeds received from revolving loan 655,754 21,533
Net cash used in financing activities (30,240) (131,986)
Net (decrease) increase in cash (202,122) 31,993
Cash at beginning of period 2,158,025 2,822,100
Cash at end of period 1,955,903 2,854,093
Supplemental information:    
Cash paid for interest 151,107 122,157
Property, plant and equipment in accounts payable 381,064
Disposal of asset held for sale 216,000
Right of use assets obtained in exchange for lease obligations $ 19,478