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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 2,598,766 $ 3,522,620
Investment securities, available-for-sale, at fair value 1,077,769 1,050,220
Accounts receivable, net    
Trade - billed (less allowance for doubtful accounts of $197,273 and $347,087) 9,252,048 7,187,630
Trade - unbilled 238,372 270,622
Inventories    
Raw materials 793,355 642,467
Finished goods 2,650,266 1,936,350
Prepaid expenses and other assets 584,906 370,597
Refundable income taxes 82,710 251,115
Total current assets 17,278,192 15,231,621
Property and equipment, net 9,719,759 8,007,518
Other assets 154,344 173,086
Total assets 27,152,295 23,412,225
Current liabilities    
Accounts payable - trade 2,480,166 2,139,760
Accrued expenses and other liabilities 693,189 293,641
Deferred Revenue, Current 1,396,621 724,442
Accrued compensation 581,770 882,749
Current maturities of notes payable 632,566 587,523
Customer deposits 1,221,522 431,480
Total current liabilities 7,005,834 5,059,595
Notes payable - less current maturities 3,197,478 3,345,511
Deferred tax liability 793,000 764,000
Total liabilities 10,996,312 9,169,106
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; 5,216,148 and 5,085,348 issued and 5,013,228 and 4,941,428 outstanding, respectively 50,811 49,823
Additional paid-in capital 5,528,442 5,192,339
Treasury stock, at cost, 40,920 shares (102,300) (102,300)
Accumulated other comprehensive loss, net (17,993) (24,913)
Retained earnings 10,697,023 9,128,170
Total stockholders’ equity 16,155,983 14,243,119
Total liabilities and stockholders' equity $ 27,152,295 $ 23,412,225