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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 9,375,188 $ 8,664,253
Accounts receivable, net 1,721,451 2,545,537
Contract assets 940,239 512,952
Inventories, net 1,547,236 1,709,713
Taxes Receivable 1,528,305
Other current assets 452,385 733,337
Total Current Assets 15,564,804 14,165,792
Property, plant and equipment, net 32,361,524 32,102,335
Other assets 13,748 13,748
Intangible assets, net 385,074 441,177
Total Assets 48,325,150 46,723,052
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 463,595 535,394
Accrued expenses 1,377,962 1,902,858
Current maturities of long-term debt 681,222 674,593
Contract Liabilities 420,285 845,653
Deferred revenue 1,306,013 1,429,583
Total Current Liabilities 4,249,077 5,388,081
Long-term debt, net of current portion 13,452,827 11,377,126
Total Long-Term Liabilities 13,452,827 11,377,126
Total Liabilities 17,701,904 16,765,207
Commitments and contingencies (see note 12)
Stockholders’ Equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,639,685 at June 30, 2020 and 6,623,793 at December 31, 2019 66,396 66,237
Additional paid-in capital 26,860,747 26,719,554
Retained earnings 3,696,103 3,172,054
Total Stockholders’ Equity 30,623,246 29,957,845
Total Liabilities and Stockholders’ Equity $ 48,325,150 $ 46,723,052