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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 3,522,620 $ 1,735,621
Investment securities, available-for-sale, at fair value 1,050,220 1,041,790
Accounts receivable, net    
Trade - billed, (less allowance for doubtful accounts of $347,087 and $375,919) 7,187,630 6,795,215
Trade - unbilled 270,622 197,363
Inventories, net    
Raw materials 642,467 724,143
Finished goods 1,936,350 1,770,141
Prepaid expenses and other assets 370,597 194,429
Refundable income taxes 251,115 383,820
Deferred taxes 640,000 665,000
Total current assets 15,871,621 13,507,522
Property and equipment, net 8,007,518 5,073,867
Other assets 173,086 268,721
Total assets 24,052,225 18,850,110
Current liabilities    
Accounts payable - trade 2,139,760 1,743,945
Accrued expenses and other liabilities 1,018,083 974,785
Accrued compensation 882,749 449,723
Current maturities of notes payable 587,523 435,717
Customer deposits 431,480 923,943
Total current liabilities 5,059,595 4,528,113
Notes payable - less current maturities 3,345,511 2,076,675
Deferred tax liability 1,404,000 855,000
Total liabilities 9,809,106 7,459,788
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; 5,085,348 and 4,919,548 issued and 4,941,428 and 4,881,548 outstanding, respectively 49,823 49,195
Additional paid-in capital 5,192,339 5,110,398
Treasury stock, at cost, 40,920 shares (102,300) (102,300)
Accumulated other comprehensive loss (24,913) (9,357)
Retained earnings 9,128,170 6,342,386
Total stockholders’ equity 14,243,119 11,390,322
Total liabilities and stockholders' equity $ 24,052,225 $ 18,850,110