XML 13 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 1,735,621 $ 3,572,405
Investment securities, available-for-sale, at fair value 1,041,790 1,013,417
Accounts receivable, net    
Trade - billed, (less allowance for doubtful accounts of $375,919 and $267,985) 6,795,215 4,092,924
Trade - unbilled 197,363 240,635
Inventories, net    
Raw materials 724,143 353,089
Finished goods 1,770,141 1,373,455
Prepaid expenses and other assets 194,429 126,047
Prepaid income taxes 383,820 722,948
Deferred taxes 665,000 441,000
Total current assets 13,507,522 11,935,920
Property and equipment, net 5,073,867 4,106,611
Other assets 268,721 255,385
Total assets 18,850,110 16,297,916
Current liabilities    
Accounts payable - trade 1,743,945 1,152,506
Accrued expenses and other liabilities 974,785 539,549
Accrued compensation 449,723 442,651
Current maturities of note payable 435,717 363,821
Customer deposits 923,943 432,274
Total current liabilities 4,528,113 2,930,801
Notes payable - less current maturities 2,076,675 2,230,364
Deferred tax liability 855,000 663,000
Total liabilities 7,459,788 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; 4,919,548 and 4,881,548 issued and outstanding, respectively 49,195 48,815
Additional paid-in capital 5,110,398 5,041,438
Accumulated other comprehensive loss (9,357) (6,629)
Retained earnings 6,342,386 5,492,427
Stockholders' Equity before Treasury Stock 11,492,622 10,576,051
Treasury stock, at cost, 40,920 shares (102,300) (102,300)
Total stockholders’ equity 11,390,322 10,473,751
Total liabilities and stockholders' equity $ 18,850,110 $ 16,297,916