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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 563,500 $ 796,100
Investment securities 2,464,300 4,928,700
Trade accounts receivable, less allowance for doubtful accounts of $15,600 at September 30, 2024 and December 31, 2023 1,357,400 1,157,100
Inventories 4,788,300 4,883,900
Income tax receivable 73,600 161,400
Prepaid expenses and other current assets 405,100 413,500
Total current assets 9,652,200 12,340,700
Property and equipment, net 970,500 1,082,300
Goodwill 115,300 115,300
Other intangible assets, net 879,000 1,249,900
Inventories Non Current 597,100 609,000
Operating lease right-of-use assets 1,033,300 1,273,900
Other assets 59,400 59,400
Total assets 13,306,800 16,730,500
Current liabilities:    
Accounts payable 615,300 711,700
Accrued expenses 623,600 777,900
Contract liabilities 44,300 23,600
Lease liabilities, current portion 327,300 324,100
Total current liabilities 1,610,500 1,837,300
Lease liabilities, less current portion 761,700 1,007,800
Total liabilities 2,372,200 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 September 30, 2024 and December 31, 2023 525,200 507,300
Additional paid-in capital 42,322,100 40,844,600
Accumulated other comprehensive gain 87,700 18,600
Accumulated deficit (32,000,400) 27,485,100
Total shareholders' equity 10,934,600 13,885,400
Total liabilities and shareholders' equity $ 13,306,800 $ 16,730,500