XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Jul. 01, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 32,321,500 $ 13,615,600
Restricted cash 55,000 65,000
Receivables, less allowance for doubtful accounts of $1,300 and $800 1,592,500 1,438,600
Net investment in leases - current 90,000 344,900
Income tax receivable 522,500 558,700
Inventories 446,900 770,600
Prepaid expenses 819,700 1,310,400
Total current assets 35,848,100 18,103,800
Net investment in leases - long-term   5,400
Property and equipment, net 1,593,400 1,704,600
Operating lease right of use asset 2,580,400 2,716,000
Intangible assets, net 3,171,300 3,348,300
Goodwill 607,500 607,500
Other assets 461,300 429,700
Deferred income taxes 3,392,000 3,540,400
Total assets 47,654,000 30,455,700
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $32,100 and $32,100 4,217,900 4,217,900
Accounts payable 1,638,400 2,122,000
Accrued liabilities 4,269,000 2,611,700
Deferred revenue 1,677,700 1,643,900
Total current liabilities 11,803,000 10,595,500
Long-term Liabilities:    
Line of credit/Term loan 30,000,000 30,000,000
Notes payable, net of unamortized debt issuance costs of $104,800 and $120,800 36,957,700 39,066,700
Deferred revenue 7,338,300 6,974,200
Operating lease liabilities 4,013,200 4,287,000
Other liabilities 1,154,900 1,164,400
Total long-term liabilities 79,464,100 81,492,300
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,485,036 and 3,459,673 shares issued and outstanding 5,723,600 1,806,700
Retained earnings (accumulated deficit) (49,336,700) (63,438,800)
Total shareholders' equity (deficit) (43,613,100) (61,632,100)
Total liabilities and shareholders' equity (deficit) $ 47,654,000 $ 30,455,700