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CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,362,217 $ 19,721,345
Accounts receivable, net 6,314,464 4,835,119
Receivable from Technology Investment Agreement (TIA) 1,390,919 2,025,413
Investments in debt and equity securities, at fair value 41,030,196 29,657,314
Inventories 22,099,047 20,684,168
Income taxes receivable 9,518,988 10,619,835
Prepaid estimated taxes 4,295 4,295
Other current assets 1,795,500 1,262,221
Total current assets 88,515,626 88,809,710
Property, plant, and equipment, net 98,681,377 100,152,768
Deferred tax asset 6,287,746 6,518,663
Other assets 173,346 184,524
Total assets 193,658,095 195,665,665
Current liabilities:    
Accounts payable 5,370,756 6,404,925
Current portion of long-term debt 287,861 285,954
Accrued compensation 945,948 997,530
Dividends payable 1,417,937 1,417,937
Accrued royalties to shareholder 769,709 973,701
Other accrued liabilities 1,431,915 1,992,144
Income taxes payable 63,631 63,631
Total current liabilities 10,287,757 12,135,822
Other long-term liabilities 74,439,649 75,459,612
Long-term debt, net of current maturities 1,461,019 1,533,422
Total liabilities 86,188,425 89,128,856
Commitments and contingencies - see Note 8
Stockholders' equity:    
Common Stock, no par value 0 0
Additional paid-in capital 73,164,501 73,164,501
Retained earnings 46,961,402 46,028,541
Common stock in treasury (12,888,678) (12,888,678)
Total stockholders' equity 107,469,670 106,536,809
Total liabilities and stockholders' equity 193,658,095 195,665,665
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 $ 76,245 $ 76,245