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BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 29,162,913 $ 17,566,682
Accounts receivable, net of allowance for doubtful accounts of $352,217 and $205,822 34,859,505 21,131,841
Receivable from Technology Investment Agreement (TIA) 5,924,136 11,779,078
Investments in debt and equity securities, at fair value 13,268,986 8,081,833
Inventories 20,589,919 10,234,646
Other current assets 701,969 684,317
Total current assets 104,507,428 69,478,397
Property, plant, and equipment, net 87,925,651 30,816,504
Deferred tax asset 13,865,834 4,631,206
Other assets 5,675 44,567
Total assets 206,304,588 104,970,674
Current liabilities:    
Accounts payable 20,404,573 16,256,444
Current portion of long-term debt 289,114 1,030,763
Accrued compensation 1,056,656 826,762
Dividends payable 1,438,371 49,091
Accrued royalties to shareholder 3,450,684 1,973,781
Other accrued liabilities 3,725,527 3,398,904
Income taxes payable 4,959,878 4,365,770
Total current liabilities 35,324,803 27,901,515
Other long-term liabilities 69,996,330 24,478,697
Long-term debt, net of current maturities 1,814,194 2,710,337
Total liabilities 107,135,327 55,090,549
Commitments and contingencies - see Note 10
Preferred stock, $1 par value:    
Common Stock, no par value; authorized: 100,000,000 shares; issued: 34,013,104 and 33,957,204 at December 31, 2021 and 2020, respectively 0 0
Additional paid-in capital 63,024,888 59,285,401
Retained earnings (accumulated deficit) 41,182,429 (9,668,221)
Common stock in treasury - at cost: (528,169) and 0 at December 31, 2021 and 2020, respectively (5,270,501)  
Total stockholders' equity 99,169,261 49,880,125
Total liabilities and stockholders' equity 206,304,588 104,970,674
Series II, Class B    
Preferred stock, $1 par value:    
Preferred stock 156,200 156,200
Series III, Class B    
Preferred stock, $1 par value:    
Preferred stock $ 76,245 $ 106,745