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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 11,252,987 $ 11,439,361
Accounts receivable, net 2,103,823 4,065,220
Contract assets 1,088,913 1,357,797
Inventories, net 1,745,327 1,861,873
Other current assets 770,662 723,204
Total Current Assets 16,961,712 19,447,455
Property, plant and equipment, net 30,595,638 30,402,558
Deferred income taxes 2,563,414 2,104,414
Other assets 41,748 64,583
Intangible assets, net 465,905 495,552
Total Assets 50,628,417 52,514,562
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 779,893 713,194
Accrued expenses 1,540,630 1,503,309
Current maturities of long-term debt 860,948 857,590
Contract Liabilities 693,097 536,524
Deferred revenue 455,652 459,899
Total Current Liabilities 4,330,220 4,070,516
Long-term debt, net of current portion 11,883,947 12,051,720
Total Long-Term Liabilities 11,883,947 12,051,720
Total Liabilities 16,214,167 16,122,236
Commitments and contingencies
Stockholders’ Equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,555,150 at March 31, 2019 and 6,535,888 at December 31, 2018 65,551 65,358
Additional paid-in capital 26,346,934 26,148,256
Retained earnings 8,001,765 10,178,712
Total Stockholders’ Equity 34,414,250 36,392,326
Total Liabilities and Stockholders’ Equity $ 50,628,417 $ 52,514,562