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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 4,423,650 $ 3,522,620
Investment securities, available-for-sale, at fair value 1,060,116 1,050,220
Accounts receivable, net    
Trade - billed (less allowance for doubtful accounts of $193,872 and $347,087) 5,793,791 7,187,630
Trade - unbilled 362,740 270,622
Inventories    
Raw materials 587,726 642,467
Finished goods 3,207,325 1,936,350
Prepaid expenses and other assets 469,490 370,597
Refundable income taxes 0 251,115
Deferred taxes 0 640,000
Total current assets 15,904,838 15,871,621
Property and equipment, net 8,460,394 8,007,518
Other assets 163,193 173,086
Total assets 24,528,425 24,052,225
Current liabilities    
Accounts payable - trade 1,738,082 2,139,760
Accrued expenses and other liabilities 974,606 1,018,083
Accrued compensation 622,637 882,749
Income taxes payable 60,619 0
Current maturities of notes payable 627,094 587,523
Customer deposits 903,233 431,480
Total current liabilities 4,926,271 5,059,595
Notes payable - less current maturities 3,348,408 3,345,511
Deferred tax liability 939,000 1,404,000
Total liabilities 9,213,679 9,809,106
Commitments and contingencies 0 0
Stockholders’ equity    
Preferred stock, $.01 par value; authorized 1,000,000 shares, none issued and outstanding 0 0
Common stock, $.01 par value; authorized 8,000,000 shares; 5,192,148 and 5,085,348 issued and 5,030,148 and 4,941,428 outstanding, respectively 50,436 49,823
Additional paid-in capital 5,405,005 5,192,339
Treasury stock, at cost, 40,920 shares (102,300) (102,300)
Accumulated other comprehensive loss, net (23,766) (24,913)
Retained earnings 9,985,371 9,128,170
Total stockholders’ equity 15,314,746 14,243,119
Total liabilities and stockholders' equity $ 24,528,425 $ 24,052,225