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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income (loss) $ (10,500,716) $ 429,384
Adjustments to reconcile net income (loss) to net cash from (used) operating activities:    
Depreciation and amortization 1,882,927 1,889,467
Net unrealized (gain) loss on investments 7,156,513 (1,732,649)
Bond amortization (264) (251)
Deferred taxes   83,891
Net realizable value inventory adjustment   1,845
Other income - TIA (1,482,819) (1,484,620)
(Increase) decrease in operating assets:    
Accounts receivable 2,427,599 3,247,092
Inventories (1,992,992) (1,909,296)
Other current assets 33,134 (51,550)
Income taxes receivable 283,947  
Other assets 11,177 14,904
Increase (decrease) in operating liabilities:    
Accounts payable 433,076 (2,184,723)
Accrued liabilities 275,860 (322,754)
Income taxes payable (2,627) (3,147)
Net cash used in operating activities (1,475,185) (2,022,407)
Cash flows from investing activities    
Purchase of property, plant, and equipment (87,034) (226,396)
Purchase of debt and equity securities (150,727) (276,326)
Proceeds from the sales of debt and equity securities 1,000,000  
Net cash from (used) in investing activities 762,239 (502,722)
Cash flows from financing activities    
Repayments of long-term debt (81,916) (73,648)
Payment of preferred stock dividends (57,611) (57,611)
Net cash used in financing activities (139,527) (131,259)
Net decrease in cash and cash equivalents (852,473) (2,656,388)
Cash and cash equivalents at:    
Beginning of period 4,235,388 12,667,550
End of period 3,382,915 10,011,162
Supplemental schedule of cash flow information:    
Interest paid 81,917 33,483
Supplemental schedule of noncash investing and financing activities:    
Preferred dividends declared, not paid $ 57,611 57,611
Redemption price payable   $ 6,000