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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 560,500 $ 796,100
Investment securities 3,295,100 4,928,700
Trade accounts receivable, less allowance for doubtful accounts of $33,600 at June 30, 2024 and December 31, 2023 1,214,900 1,157,100
Inventories 4,797,700 4,883,900
Income tax receivable 73,600 161,400
Prepaid expenses and other current assets 444,600 413,500
Total current assets 10,386,400 12,340,700
Property and equipment, net 999,800 1,082,300
Goodwill 115,300 115,300
Other intangible assets, net 1,006,000 1,249,900
Inventories 598,300 609,000
Operating lease right-of-use assets 1,109,800 1,273,900
Other assets 59,400 59,400
Total assets 14,275,000 16,730,500
Current liabilities:    
Accounts payable 712,600 711,700
Accrued expenses 685,900 777,900
Contract liabilities 28,700 23,600
Lease liabilities, current portion 346,800 324,100
Total current liabilities 1,774,000 1,837,300
Lease liabilities, less current portion 819,400 1,007,800
Total liabilities 2,593,400 2,845,100
Shareholders' equity:    
Common stock, $0.05 par value; 30,000,000 shares authorized; 10,503,599 and 10,145,211, shares issued and 10,503,599 and 10,145,211, shares outstanding at June 30, 2024 and December 31, 2023 525,200 507,300
Additional paid-in capital 42,002,600 40,844,600
Accumulated other comprehensive gain (loss) (25,900) 18,600
Accumulated deficit (30,820,300) (27,485,100)
Total shareholders' equity 11,681,600 13,885,400
Total liabilities and shareholders' equity $ 14,275,000 $ 16,730,500