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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,142,889 $ 19,721,345
Accounts receivable, net 7,223,222 4,835,119
Receivable from Technology Investment Agreement (TIA)   2,025,413
Investments in debt and equity securities, at fair value 39,773,094 29,657,314
Inventories 20,914,779 20,684,168
Income taxes receivable 9,195,113 10,619,835
Prepaid estimated taxes 4,295 4,295
Other current assets 1,297,439 1,262,221
Total current assets 82,550,831 88,809,710
Property, plant, and equipment, net 96,824,184 100,152,768
Deferred tax asset 7,219,868 6,518,663
Other assets 170,695 184,524
Total assets 186,765,578 195,665,665
Current liabilities:    
Accounts payable 3,581,422 6,404,925
Current portion of long-term debt 293,539 285,954
Accrued compensation 928,341 997,530
Dividends payable 1,417,937 1,417,937
Accrued royalties to shareholder 653,478 973,701
Other accrued liabilities 1,990,314 1,992,144
Income taxes payable 5,235 63,631
Total current liabilities 8,870,266 12,135,822
Other long-term liabilities 72,965,630 75,459,612
Long-term debt, net of current maturities 1,386,691 1,533,422
Total liabilities 83,222,587 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 43,034,723 46,028,541
Common stock in treasury - at cost (12,888,678) (12,888,678)
Total stockholders' equity 103,542,991 106,536,809
Total liabilities and stockholders' equity 186,765,578 195,665,665
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