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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 2,454,503 $ 3,522,620
Investment securities, available-for-sale, at fair value 1,084,761 1,050,220
Accounts receivable, net    
Trade - billed (less allowance for doubtful accounts of $228,206 and $347,087) 10,767,243 7,187,630
Trade - unbilled 194,554 270,622
Inventories    
Raw materials 940,718 642,467
Finished goods 2,056,601 1,936,350
Prepaid expenses and other assets 521,379 370,597
Refundable income taxes 154,720 251,115
Total current assets 18,174,479 15,231,621
Property and equipment, net 9,903,333 8,007,518
Other assets 144,514 173,086
Total assets 28,222,326 23,412,225
Current liabilities    
Accounts payable - trade 2,552,369 2,139,760
Accrued expenses and other liabilities 472,230 293,641
Deferred revenue 1,345,857 724,442
Accrued compensation 1,014,355 882,749
Current maturities of notes payable 638,103 587,523
Customer deposits 1,482,026 431,480
Total current liabilities 7,504,940 5,059,595
Notes payable - less current maturities 3,043,839 3,345,511
Deferred tax liability 701,000 764,000
Total liabilities 11,249,779 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 50,946 49,823
Additional paid-in capital 5,597,589 5,192,339
Treasury stock, at cost, 40,920 shares (102,300) (102,300)
Accumulated other comprehensive loss, net (18,965) (24,913)
Retained earnings 11,445,277 9,128,170
Total stockholders’ equity 16,972,547 14,243,119
Total liabilities and stockholders' equity $ 28,222,326 $ 23,412,225