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Balance Sheets (Unaudited) - USD ($)
Sep. 25, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 3,837,737 $ 195,203
Accounts receivable-trade, net 5,032,187 2,914,800
Inventories, net 3,773,228 3,709,471
Prepaid expenses and other current assets 132,315 71,506
Total current assets 12,775,467 6,890,980
Property and equipment:    
Production equipment 10,370,212 10,265,471
Furniture and office equipment 568,846 568,846
Leasehold improvements 951,384 951,384
Total cost 11,890,442 11,785,701
Accumulated depreciation and amortization (10,964,044) (10,558,816)
Construction in progress 248,846 61,062
Net property and equipment 1,175,244 1,287,947
Right-of-use lease asset 613,000 25,000
Deferred taxes, net 2,907,809 117,000
Total assets 17,471,520 8,320,927
Current liabilities:    
Note payable, current portion 44,821 58,134
Accounts payable 1,699,154 909,291
Accrued expenses 902,199 804,091
Deferred revenue 1,150,797 12,177
Current lease liability 153,000 25,000
Total current liabilities 3,949,971 1,808,693
Note payable less current portion 124,566 154,570
Long-term lease liability 460,000 0
Total liabilities 4,534,537 1,963,263
Commitments (note 4)
Stockholders` equity:    
Common stock, $0.01 par value, authorized 20,000,000 shares; issued 14,348,786 and 13,746,242, respectively; outstanding 14,348,451 and 13,313,790, respectively; at September 25, 2021 and December 26, 2020; 143,487 137,462
Additional paid-in capital 39,270,312 36,688,894
Accumulated deficit (26,474,301) (29,472,368)
Less cost of 335 and 432,452 common shares repurchased, respectively; at September 25, 2021 and December 26, 2020 (2,515) (996,323)
Total stockholders` equity 12,936,983 6,357,665
Total liabilities and stockholders` equity $ 17,471,520 $ 8,320,927