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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 7,399,702 $ 8,664,253
Accounts receivable, net 3,238,256 2,545,537
Contract assets 1,753,095 512,952
Inventories, net 1,690,567 1,709,713
Taxes Receivable 1,528,305
Other current assets 532,357 733,337
Total Current Assets 16,142,282 14,165,792
Property, plant and equipment, net 32,225,396 32,102,335
Other assets 13,748 13,748
Intangible assets, net 413,011 441,177
Total Assets 48,794,437 46,723,052
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 736,981 535,394
Accrued expenses 1,480,590 1,902,858
Current maturities of long-term debt 676,549 674,593
Contract Liabilities 174,486 845,653
Deferred revenue 2,828,568 1,429,583
Total Current Liabilities 5,897,174 5,388,081
Long-term debt, net of current portion 11,208,292 11,377,126
Total Liabilities 17,105,466 16,765,207
Commitments and contingencies (Note 13)
Stockholders’ Equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,633,355 at March 31, 2020 and 6,623,793 at December 31, 2019 66,333 66,237
Additional paid-in capital 26,792,106 26,719,554
Retained earnings 4,830,532 3,172,054
Total Stockholders’ Equity 31,688,971 29,957,845
Total Liabilities and Stockholders’ Equity $ 48,794,437 $ 46,723,052