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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 12,330,309 $ 13,073,331
Accounts receivable, net 3,389,954 3,091,251
Costs and estimated earnings in excess of billings on contracts in progress 4,325,998 4,635,018
Inventories, net 3,185,623 2,986,430
Restricted cash 200,000 200,000
Deferred income taxes-current 436,207 398,009
Other current assets 84,992 167,056
Total Current Assets 23,953,083 24,551,095
Property, plant and equipment, net 14,598,425 14,793,923
Construction in progress 56,946 33,306
Deferred income taxes – non-current 1,701,252 1,606,830
Other assets 81,471 86,215
Intangible assets, net 52,808 60,335
Total Assets 40,443,985 41,131,704
Current Liabilities:    
Accounts payable 407,471 308,004
Accrued expenses 3,280,877 3,445,880
Current maturities of long-term debt 475,000 $ 580,000
Billings in excess of costs and estimated earnings on contracts in progress 29,961
Deferred revenue 10,198 $ 307,683
Total Current Liabilities 4,203,506 4,641,567
Long-term debt, net of current portion 3,190,508 3,265,508
Total Liabilities $ 7,394,015 $ 7,907,075
Commitments and Contingencies
Stockholders’ Equity:    
Common stock-$0.01 par value-10,000,000 shares authorized; issued and outstanding 6,218,205 at March 31, 2016 and 6,198,135 at December 31, 2015 $ 62,182 $ 61,981
Additional paid-in-capital 23,058,106 22,895,202
Retained earnings 9,929,682 10,267,446
Total Stockholders’ Equity 33,049,970 33,224,629
Total Liabilities and Stockholders’ Equity $ 40,443,985 $ 41,131,704