XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
ASSETS            
Cash and cash equivalents $ 5,387,896   $ 7,699,335      
Accounts receivable, net 1,147,451   1,047,728      
Contract assets 1,066,382   494,281      
Inventories, net 1,297,202   1,123,839      
Taxes Receivable 715,599   715,599      
Other current assets 460,260   709,175      
Assets held for sale 16,181,368   0      
Total Current Assets 26,256,158   11,789,957      
Property, plant and equipment, net 12,405,495   28,843,563      
Intangible assets, net 234,633   288,657      
Other assets 23,318   13,748      
Total Assets 38,919,604   40,935,925 $ 48,325,000    
LIABILITIES AND STOCKHOLDERS’ EQUITY            
Accounts payable 910,731   817,933      
Accrued expenses 1,766,245   1,409,039      
Current maturities of long-term debt 1,915,508   690,667      
Contract Liabilities 1,001,071   786,657      
Liabilities held for sale 9,123,151   0      
Total Current Liabilities 14,716,706   3,704,296      
Long-term debt, net of current portion 0   13,106,057      
Total Liabilities 14,716,706   16,810,353      
Commitments and contingencies (see note 13)        
Stockholders’ Equity:            
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,684,281 at June 30, 2021 and 6,678,698 at December 31, 2020 66,842   66,786      
Additional paid-in capital 27,074,079   26,961,684      
Accumulated deficit (2,938,023)   (2,902,898)      
Total Stockholders’ Equity 24,202,898 $ 22,670,395 24,125,572 $ 30,623,246 $ 31,688,971 $ 29,957,845
Total Liabilities and Stockholders’ Equity $ 38,919,604   $ 40,935,925