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Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 10,839,700 $ 2,269,200
Accounts receivable less $12,000 allowance for credit losses for December 31, 2024 and 2023 1,234,500 1,120,700
Inventory, net of allowance of $85,400 and $126,900 349,600 448,000
Interest Receivable 0 160,000
Short-term investments 7,985,600
Prepaid and other 155,700 121,800
Total current assets 12,579,500 12,105,300
Fixed assets    
Leasehold improvements 81,500 81,500
Furniture, fixtures and equipment 179,700 169,800
Fixed assets, gross 261,200 251,300
Less: accumulated depreciation and amortization 244,500 214,800
Total fixed assets 16,700 36,500
Other assets    
    Long-term receivables 1,292,800 1,838,500
    Operating lease right of use - building 32,400 17,600
Total other assets 1,325,200 1,856,100
Total assets 13,921,400 13,997,900
Current liabilities    
      Accounts payable 20,900 27,500
Accrued expenses 108,300 94,600
Stock compensation payable 26,800 1,347,100
Operating lease liability - current 35,200 17,600
Total current liabilities 191,200 1,486,800
Long-term liabilities    
Accrued expenses, non-current 90,400 128,600
           Total liabilities 281,600 1,615,400
Stockholders’ equity    
Series A preferred stock, $1.00 par value, authorized - 300,000 shares, Issued and outstanding
Common stock, $0.01 par value, authorized - 75,000,000 shares, Issued and outstanding - 2024 - 10,792,913 shares; 2023 - 10,501,178 shares 107,900 105,000
Paid-in capital 25,580,400 21,647,100
Accumulated deficit (12,048,500) (9,369,600)
Total stockholders’ equity 13,639,800 12,382,500
Total liabilities and stockholders’ equity $ 13,921,400 $ 13,997,900