XML 22 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 3,552,136 $ 2,573,168
Accounts receivable    
Trade - billed (less allowance for doubtful accounts of $256,274 and $213,108) 6,059,630 7,518,806
Trade - unbilled 522,614 653,814
Inventories    
Raw materials 759,882 590,805
Finished goods 1,721,471 1,253,862
Prepaid expenses and other assets 189,232 107,617
Prepaid income taxes 65,950 293,869
Deferred taxes 386,000 393,000
Total current assets 13,256,915 13,384,941
Property and equipment, net 4,547,506 4,603,688
Total other assets 198,412 134,122
Total assets 18,002,833 18,122,751
Current liabilities    
Accounts payable - trade 1,406,260 1,314,074
Accrued expenses and other liabilities 798,115 1,738,466
Current maturities of notes payable 449,174 411,988
Customer deposits 21,819 177,252
Total current liabilities 2,675,368 3,641,780
Notes payable - less current maturities 3,150,677 2,813,782
Deferred tax liability 653,000 708,000
Total liabilities 6,479,045 7,163,562
Commitments and contingencies    
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 and4,704,182 issued and outstanding, respectively 48,262 47,042
Additional paid-in capital 4,995,278 4,874,335
Retained earnings 6,582,548 6,140,112
Stockholders' Equity before Treasury Stock 11,626,088 11,061,489
Treasury stock, at cost, 40,920 shares (102,300) (102,300)
Total stockholders’ equity 11,523,788 10,959,189
Total liabilities and stockholders' equity $ 18,002,833 $ 18,122,751