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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 338,069 $ 380,381
Trade accounts receivable, net of allowance for doubtful accounts of $42,000 at June 30, 2017 and $30,000 at December 31, 2016 3,441,272 2,276,608
Inventories 3,254,264 3,060,085
Prepaid expenses and other current assets 610,204 614,362
Total current assets 7,643,809 6,331,436
Property, plant and equipment, net 6,396,582 6,440,911
Assets held for sale, net 688,750 688,750
Intangible assets, net 44,401 30,093
Other assets 10,629 156,231
Total assets 14,784,171 13,647,421
Current liabilities:    
Revolving line of credit 2,670,000 1,785,795
Equipment line of credit 504,781 102,500
Term notes payable, current portion 2,217,480 487,468
Accounts payable 2,611,071 1,744,261
Accrued expenses and other current liabilities 439,474 333,361
Customer deposits 210,465 122,290
Deferred revenue, current 173,722 224,988
Total current liabilities 8,826,993 4,800,663
Long-term liabilities:    
Term notes payable, non-current portion   1,970,863
Subordinated promissory notes 436,471 432,011
Deferred revenue, non-current portion   156,953
Total long-term liabilities 436,471 2,559,827
Total liabilities 9,263,464 7,360,490
Commitments and Contingencies
Shareholders' equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized, none issued
Common stock, $0.01 par value; 10,000,000 shares authorized; 3,926,491 issued, 2,820,999 outstanding at June 30, 2017 and 3,926,491 issued, 2,816,639 outstanding at December 31, 2016 39,265 39,265
Additional paid-in-capital 11,489,089 11,457,320
Treasury stock at cost, 1,105,492 shares at June 30, 2017 and 1,109,852 shares at December 31, 2016 (3,016,667) (3,028,564)
Accumulated deficit (2,990,980) (2,181,090)
Total shareholders’ equity 5,520,707 6,286,931
Total liabilities and shareholders’ equity $ 14,784,171 $ 13,647,421