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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (482,600) $ (1,019,486)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,128,327 560,588
Amortization 9,552 9,552
Amortization of debt issue costs 8,488 8,408
Deferred income taxes 24,356 452,546
Stock-based compensation 152,916 167,991
Changes in:    
Accounts receivable, gross 805 358,806
Accrued interest income (38,329)
Inventory (160,723) 212,838
Prepaid expenses and other current assets (21,776) (172,717)
Other assets 5,985 (8,229)
Accounts payable and accrued expenses (280,462) (299,416)
Net cash provided by operating activities 346,539 270,881
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (300,136) (1,715,180)
Purchases of investments (8,637,000)
Payment of contingent royalties related to 2016 acquisition (8,914) (5,723)
Net cash used in investing activities (8,946,050) (1,720,903)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from public offering, net 8,303,436
Proceeds from debt issuance 267,141
Line of credit repayment (500,000)
Debt principal repayments (428,961) (111,749)
Payments of debt issue costs (522)
Proceeds from exercise of stock options 2 10,860
Net cash provided by financing activities 7,374,477 165,730
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,225,034) (1,284,292)
BEGINNING CASH AND CASH EQUIVALENTS 2,521,050 3,798,811
ENDING CASH AND CASH EQUIVALENTS 1,296,016 2,514,519
CASH PAID FOR:    
Income taxes 4,700 4,000
Interest expense 220,178 189,968
NON-CASH ACTIVITIES:    
Change in capital expenditures included in accounts payable and accrued expenses (69,486) (634,351)
Net change in fair value of interest rate swaps, net of taxes 73,069 (60,100)
Fixed asset disposals, gross $ 6,394 $ 6,730