Note 14 - Subsequent Events - Sale of 555 Building (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

Condensed Balance Sheet [Table Text Block]

				Proforma				Proforma
	June 30, 2021			Adjustments				June 30, 2021
ASSETS
Current Assets
Cash and cash equivalents	$	5,387,896		$	13,976,766		(1)	$	19,364,662
Accounts receivable, net		1,147,451							1,147,451
Contract assets		1,066,382							1,066,382
Inventories, net		1,297,202							1,297,202
Taxes Receivable		715,599							715,599
Other current assets		460,260			(110,534	)	(2)		349,726
Assets held for sale		16,181,368			(16,181,368	)	(3)		-
Total Current Assets		26,256,158			(2,315,136	)			23,941,022
									-
Property, plant and equipment, net		12,405,495							12,405,495
Intangible assets, net		234,633							234,633
Other assets		23,318							23,318
Total Assets	$	38,919,604		$	(2,315,136	)		$	36,604,468
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	910,731						$	910,731
Accrued expenses		1,766,245			(142,255	)	(4)		1,623,990
Current maturities of long-term debt		1,915,508							1,915,508
Contract Liabilities		1,001,071							1,001,071
Liabilities held for sale		9,123,151			(9,123,151	)	(5)		-
Total Current Liabilities		14,716,706			(9,265,406	)			5,451,300
Long-term debt, net of current portion		-							-
Total Liabilities		14,716,706			(9,265,406	)			5,451,300
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							66,842
Additional paid-in capital		27,074,079							27,074,079
Retained earnings		(2,938,023	)		6,950,270		(6)		4,012,247
Total Stockholders’ Equity		24,202,898			6,950,270				31,153,168
Total Liabilities and Stockholders’ Equity	$	38,919,604		$	(2,315,136	)		$	36,604,468