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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 8,580,564 $ 11,439,361
Accounts receivable, net 2,066,025 4,065,220
Contract assets 1,654,467 1,357,797
Inventories, net 1,882,666 1,861,873
Other current assets 509,806 723,204
Total Current Assets 14,693,528 19,447,455
Property, plant and equipment, net 31,317,156 30,402,558
Deferred income taxes 2,802,414 2,104,414
Other assets 41,748 64,583
Intangible assets, net 461,058 495,552
Total Assets 49,315,904 52,514,562
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,149,879 713,194
Accrued expenses 1,730,518 1,503,309
Current maturities of long-term debt 865,464 857,590
Contract Liabilities 170,975 536,524
Deferred revenue 482,677 459,899
Total Current Liabilities 4,399,513 4,070,516
Long-term debt, net of current portion 11,716,283 12,051,720
Total Long-Term Liabilities 11,716,283 12,051,720
Total Liabilities 16,115,796 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 June 30, 2019 and 6,535,888 at December 31, 2018 65,551 65,358
Additional paid-in capital 26,525,521 26,148,256
Retained earnings 6,609,036 10,178,712
Total Stockholders’ Equity 33,200,108 36,392,326
Total Liabilities and Stockholders’ Equity $ 49,315,904 $ 52,514,562