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BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 19,721,345 $ 29,162,913
Accounts receivable, net 4,835,119 34,859,505
Receivable from Technology Investment Agreement (TIA) 2,025,413 5,924,136
Investments in debt and equity securities, at fair value 29,657,314 13,268,986
Inventories 20,684,168 20,589,919
Income taxes receivable 10,619,835  
Prepaid estimated taxes 4,295  
Other current assets 1,262,221 701,969
Total current assets 88,809,710 104,507,428
Property, plant, and equipment, net 100,152,768 87,925,651
Deferred tax asset 6,518,663 13,865,834
Other assets 184,524 5,675
Total assets 195,665,665 206,304,588
Current liabilities:    
Accounts payable 6,404,925 20,404,573
Current portion of long-term debt 285,954 289,114
Accrued compensation 997,530 1,056,656
Dividends payable 1,417,937 1,438,371
Accrued royalties to shareholder 973,701 3,450,684
Other accrued liabilities 1,992,144 3,725,527
Income taxes payable 63,631 4,959,878
Total current liabilities 12,135,822 35,324,803
Other long-term liabilities 75,459,612 69,996,330
Long-term debt, net of current maturities 1,533,422 1,814,194
Total liabilities 89,128,856 107,135,327
Commitments and contingencies - see Note 10
Preferred stock, $1 par value:    
Common Stock, no par value; authorized: 100,000,000 shares; 34,024,304 shares issued and 29,937,159 and 34,013,104 shares outstanding at December 31, 2022 and 2021, respectively
Additional paid-in capital 73,164,501 63,024,888
Retained earnings 46,028,541 41,182,429
Common stock in treasury - at cost (4,087,145 and 528,169 shares at December 31, 2022 and 2021, respectively) (12,888,678) (5,270,501)
Total stockholders' equity 106,536,809 99,169,261
Total liabilities and stockholders' equity 195,665,665 206,304,588
Series II, Class B    
Preferred stock, $1 par value:    
Preferred stock, $1 par value: Class B; authorized: 5,000,000 shares 156,200 156,200
Series III, Class B    
Preferred stock, $1 par value:    
Preferred stock, $1 par value: Class B; authorized: 5,000,000 shares $ 76,245 $ 76,245