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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 1,941,740 $ 3,572,405
Investment securities, available-for-sale, at fair value 1,011,853 1,013,417
Accounts receivable, net    
Trade - billed (less allowance for doubtful accounts of $295,246 and $267,985) 6,394,261 4,092,924
Trade - unbilled 95,896 240,635
Inventories    
Raw materials 738,119 353,089
Finished goods 1,144,443 1,373,455
Prepaid expenses and other assets 212,797 126,047
Refundable income taxes 754,753 722,948
Deferred taxes 576,000 441,000
Total current assets 12,869,862 11,935,920
Property and equipment, net 4,283,280 4,106,611
Other assets 261,040 255,385
Total assets 17,414,182 16,297,916
Current liabilities    
Accounts payable - trade 1,833,230 1,152,506
Accrued expenses and other liabilities 732,854 539,549
Accrued compensation 589,555 442,651
Income taxes payable 361,514 363,821
Customer deposits 1,012,509 432,274
Total current liabilities 4,529,662 2,930,801
Notes payable - less current maturities 2,048,692 2,230,364
Deferred tax liability 640,000 663,000
Total liabilities 7,218,354 5,824,165
Commitments and contingencies 0 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; 4,893,548 and 4,881,548 issued and outstanding 48,935 48,815
Additional paid-in capital 5,062,418 5,041,438
Accumulated other comprehensive loss, net (26,139) (6,629)
Retained earnings 5,212,914 5,492,427
Stockholders' Equity before Treasury Stock 10,298,128 10,576,051
Treasury stock, at cost, 40,920 shares (102,300) (102,300)
Total stockholders’ equity 10,195,828 10,473,751
Total liabilities and stockholders' equity $ 17,414,182 $ 16,297,916