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BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,588,625 $ 4,235,388
Accounts receivable, net 7,904,120 7,786,697
Investments in debt and equity securities, at fair value 34,382,808 40,328,308
Inventories 17,188,397 19,189,753
Income taxes receivable 308,106 978,851
Other current assets 711,274 753,062
Total current assets 63,083,330 73,272,059
Property, plant, and equipment, net 79,180,049 87,348,518
Other assets 366,910 103,625
Total assets 142,630,289 160,724,202
Current liabilities:    
Accounts payable 5,339,797 4,290,588
Current portion of long-term debt 365,277 332,480
Accrued compensation 762,213 1,073,357
Dividends payable 1,417,438 1,417,437
Accrued royalties to shareholder 748,213 789,358
Other accrued liabilities 957,409 873,254
Income taxes payable 7,345 4,442
Total current liabilities 9,597,692 8,780,916
Other long-term liabilities - TIA 58,127,212 63,872,553
Long-term debt, net of current maturities 530,368 900,042
Total liabilities 68,255,272 73,553,511
Stockholders' equity:    
Common Stock, no par value; authorized: 100,000,000 shares; 34,024,304 shares issued and 29,937,159 shares outstanding at December 31, 2025 and 2024
Additional paid-in capital 73,160,333 73,160,333
Retained earnings 13,872,917 26,668,591
Common stock in treasury - at cost (4,087,145 shares at December 31, 2025 and 2024) (12,888,678) (12,888,678)
Total stockholders' equity 74,375,017 87,170,691
Total liabilities and stockholders' equity 142,630,289 160,724,202
Series II, Class B    
Stockholders' equity:    
Preferred stock, $1 par value: Class B; authorized: 5,000,000 shares 156,200 156,200
Series III, Class B    
Stockholders' equity:    
Preferred stock, $1 par value: Class B; authorized: 5,000,000 shares $ 74,245 $ 74,245