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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,295,587) $ (2,321,671)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Depreciation 2,248,317 1,501,607
Amortization 19,104 19,104
Amortization of debt issuance costs 16,976 16,829
Deferred income taxes 24,684 462,315
Stock-based compensation 313,144 344,016
Gain on sale of assets (700,000)
Loss on disposal of fixed assets 2,469 1,733
Changes in:    
Trade accounts receivable, gross (704,867) 411,724
Accrued interest income (27,753)
Inventory (186,585) (281,939)
Prepaid expenses and other current assets (73,749) 128,849
Other assets (13,931) (12,033)
Accounts payable and accrued expenses (88,711) 80,162
Deferred revenue (24,100)
Net cash provided by (used for) operating activities 233,511 (373,404)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (1,391,446) (2,029,895)
Maturities of investment 7,670,000
Purchases of investments (10,123,000)
Payment of contingent royalties related to 2016 acquisition (8,914) (14,077)
Proceeds from sale of assets 450,000 250,000
Net cash used for investing activities (3,403,360) (1,793,972)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from public offering, net 8,303,436
Proceeds from debt issuance 693,640
Proceeds from line of credit 500,000
Debt principal repayments (861,347) (398,308)
Line of credit repayment (500,000)
Payments of debt issue costs (1,971)
Proceeds from exercise of stock options 3 96,254
Net cash provided by financing activities 6,942,092 889,615
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,772,243 (1,277,761)
BEGINNING CASH AND CASH EQUIVALENTS 2,521,050 3,798,811
ENDING CASH AND CASH EQUIVALENTS 6,293,293 2,521,050
CASH PAID FOR:    
Income taxes 3,566 4,222
Interest expense 420,956 403,535
NON-CASH ACTIVITIES:    
Change in capital expenditures included in accounts payable and accrued expenses 97,530 (568,695)
Net change in fair value of interest rate swaps, net of taxes 74,052 (30,795)
Fixed asset disposals, gross $ 62,055 $ 22,681