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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 15,396,489 $ 14,210,909
Accounts receivable, net 2,722,481 2,058,617
Contract assets 5,314,216 8,397,024
Inventories 2,648,020 2,965,623
Other current assets 245,624 167,425
Total Current Assets 26,326,830 27,799,598
Property, plant and equipment, net 29,721,708 28,839,457
Deferred income taxes 1,552,298 1,609,186
Deposits 241,159 63,370
Other assets 1,779 4,477
Intangible assets, net 512,308 662,162
Total Assets 58,356,082 58,978,250
Current Liabilities:    
Accounts payable 1,227,258 1,174,968
Accrued expenses 2,105,933 2,738,373
Current maturities of long-term debt 654,255 647,324
Current portion acquisition related contingent payments 100,000 100,000
Contract liabilities 279,263 466,313
Deferred revenue 1,107,591 291,953
Total Current Liabilities 5,474,300 5,418,931
Long-term acquisition related contingent payments 200,000 200,000
Long-term debt, net of current portion 12,376,253 12,705,683
Total Long-Term liabilities 12,576,253 12,905,683
Total Liabilities 18,050,553 18,324,614
Commitments and Contingencies
Stockholders’ Equity    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding, 6,486,189 at June 30, 2018 and 6,458,714 at December 31, 2017 64,862 64,587
Additional paid-in-capital 25,633,056 25,209,316
Retained earnings 14,607,611 15,379,733
Total Stockholders’ Equity 40,305,529 40,653,636
Total Liabilities and Stockholders’ Equity $ 58,356,082 $ 58,978,250