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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 13,134,952 $ 14,210,909
Accounts receivable, net 8,978,829 2,058,617
Contract assets 3,719,361 8,397,024
Inventories, net 2,729,744 2,965,623
Other current assets 220,834 167,425
Total Current Assets 28,783,720 27,799,598
Property, plant and equipment, net 29,503,526 28,839,457
Deferred income taxes 1,611,340 1,609,186
Deposits 204,815 63,370
Other assets 1,853 4,477
Intangible assets, net 535,594 662,162
Total Assets 60,640,848 58,978,250
Current Liabilities:    
Accounts payable 1,103,974 1,174,968
Accrued expenses 2,562,509 2,738,373
Current maturities of long-term debt 650,736 647,324
Current portion acquisition related contingent payments 100,000 100,000
Contract liabilities 1,515,009 466,313
Deferred revenue 533,442 291,953
Total Current Liabilities 6,465,670 5,418,931
Long-term acquisition related contingent payments 200,000 200,000
Long-term debt, net of current portion 12,540,339 12,705,683
Total Long-Term Liabilities 12,740,339 12,905,683
Total Liabilities 19,206,009 18,324,614
Commitments and Contingencies
Stockholders’ Equity:    
Common stock-$0.01 par value-20,000,000 shares authorized; issued and outstanding 6,469,664 at March 31, 2018 and 6,458,714 at December 31, 2017 64,697 64,587
Additional paid-in-capital 25,432,005 25,209,316
Retained earnings 15,938,137 15,379,733
Total Stockholders’ Equity 41,434,839 40,653,636
Total Liabilities and Stockholders’ Equity $ 60,640,848 $ 58,978,250