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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 4,677,344 $ 6,125,322
Trade accounts receivable less allowances of approximately $266,000 and $162,000, respectively 12,839,538 7,132,256
Receivables due from affiliated companies 1,385,738 962,154
Insurance claim receivable 50,520
Restricted cash 1,422,146 1,885,098
Inventories, net 11,675,309 9,555,071
Prepaid expenses and other current assets 882,232 935,022
Total Current Assets 32,882,307 26,645,443
Property, plant and equipment, net 10,035,441 9,338,227
Operating lease - right to use 310,936 352,190
Intangible assets, net 1,807,623 1,949,947
Total Assets 45,036,307 38,285,807
Current Liabilities:    
Current portion of long-term debt, net 497,486 483,477
Current portion of operating lease liability 84,809 83,270
Accounts payable - trade 2,289,193 1,047,385
Income taxes payable 1,052,572 44,026
Accrued expenses payable 2,077,406 1,170,912
Total Current Liabilities 6,001,466 2,829,070
Deferred tax liability 352,044 311,374
Operating lease liability, less current portion 226,127 268,920
Long-term debt, less current portion and debt issuance costs 3,980,150 4,142,179
Total Liabilities 10,559,787 7,551,543
Shareholders' Equity:    
Common stock - $.01 par value, 12,000,000 shares authorized; 9,462,105 and 9,442,809 shares issued and outstanding 94,621 94,428
Additional paid in capital 10,545,898 10,503,171
Accumulated other comprehensive loss (295,873) (294,491)
Retained earnings 24,131,874 20,431,156
Total Shareholders' Equity 34,476,520 30,734,264
Total Liabilities and Shareholders' Equity $ 45,036,307 $ 38,285,807