XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 1,914,566 $ 4,367,474
Investment securities, available-for-sale, at fair value 1,998,922 0
Accounts receivable    
Trade - billed (less allowance for doubtful accounts of $267,238 and $233,851) 5,867,777 4,752,729
Trade - unbilled 340,777 356,525
Inventories    
Raw materials 635,925 472,149
Finished goods 1,342,759 1,631,957
Prepaid expenses and other assets 146,822 287,002
Prepaid income taxes 0 173,155
Deferred taxes 400,000 438,000
Total current assets 12,647,548 12,478,991
Property and equipment, net 4,002,315 4,049,478
Total other assets 304,899 289,335
Total assets 16,954,762 16,817,804
Current liabilities    
Accounts payable - trade 964,903 922,091
Accrued expenses and other liabilities 903,633 1,140,234
Accrued Income Taxes, Current 16,447 0
Current maturities of notes payable 335,199 329,529
Customer deposits 286,807 204,991
Total current liabilities 2,506,989 2,596,845
Notes payable - less current maturities 2,612,350 2,661,228
Deferred tax liability 667,000 694,000
Total liabilities 5,786,339 5,952,073
Commitments and contingencies    0
Stockholders’ equity    
Preferred stock, $.01 par value; authorized 1,000,000 shares, none outstanding 0 0
Common stock, $.01 par value; authorized 8,000,000 shares; 4,826,182 issued and outstanding 48,262 48,262
Additional paid-in capital 4,995,278 4,995,278
Retained earnings 6,233,561 5,924,491
Accumulated other comprehensive loss (6,378) 0
Stockholders' Equity before Treasury Stock 11,270,723 10,968,031
Treasury stock, at cost, 40,920 shares (102,300) (102,300)
Total stockholders’ equity 11,168,423 10,865,731
Total liabilities and stockholders' equity $ 16,954,762 $ 16,817,804