XML 31 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 1,802,839 $ 920,802
Accounts receivable Trade, less allowance for doubtful accounts of $15,000 477,779 336,009
Other 153 0
Inventories 2,752,845 617,444
Prepaid expenses 613,425 138,175
Total current assets 5,647,041 2,012,430
Property and Equipment, at cost    
Machinery and equipment 8,017,850 7,824,563
Furniture and fixtures 127,610 132,543
Leasehold improvements 360,225 327,904
Construction in progress 138,067 22,504
Property, Plant and Equipment, Gross 8,643,752 8,307,514
Less accumulated depreciation and amortization (6,720,847) (6,422,448)
Property, Plant and Equipment, Net 1,922,905 1,885,066
Other Assets 75,613 52,078
TOTAL ASSETS 7,645,559 3,949,574
Current Liabilities    
Capital lease obligations, current portion 114,853 129,500
Notes payable, current portion 0 221,105
Accounts payable 321,348 307,498
Customer deposits 3,202,447 407,956
Accrued compensation 211,227 83,314
Accrued expenses and other 125,130 138,662
Total current liabilities 3,975,005 1,288,035
Capital lease obligations, net of current portion 147,878 181,744
Total liabilities 4,122,883 1,469,779
Shareholders' Equity    
Convertible preferred stock, Series B, 10% cumulative, nonvoting, no par value, $10 stated value, optional redemption at 103%; optional shareholder conversion 2 shares for 1; 24,152 shares issued and outstanding 514,438 514,438
Common stock, no par value, authorized 15,000,000 shares; 4,277,731 and 4,185,839 shares issued and outstanding, respectively 10,275,733 10,131,307
Additional paid-in capital 2,280,060 2,289,474
Accumulated deficit (9,547,555) (10,455,424)
Total shareholders' equity 3,522,676 2,479,795
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 7,645,559 $ 3,949,574