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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 11,001,000 $ 14,365,000
Accounts receivable, net 2,368,000 3,788,000
Contract assets 3,706,000 2,170,000
Inventories, net 2,801,000 2,538,000
Other current assets 678,000 797,000
Total current assets 20,554,000 23,658,000
Employee retention credit receivable 1,529,000 1,529,000
Property, plant and equipment, net 12,576,000 12,596,000
Intangible assets, net 115,000 119,000
Other assets 10,000 10,000
Total assets 34,784,000 37,912,000
Current liabilities    
Accounts payable 1,429,000 1,454
Accrued expenses 2,120,000 2,591,000
Current maturities of long-term debt 78,000 77,000
Contract liabilities 1,261,000 4,042,000
Total current liabilities 4,888,000 8,164,000
Long-term debt, net of current portion 329,000 349,000
Total liabilities 5,217,000 8,513,000
Commitments and Contingencies  
Stockholders’ equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,778,438 at March 31, 2023 and 6,760,938 at December 31, 2022 67,000 67,000
Additional paid-in capital 27,920,000 27,712,000
Retained earnings 1,580,000 1,620,000
Total stockholders’ equity 29,567,000 29,399,000
Total liabilities and stockholders’ equity $ 34,784,000 $ 37,912,000