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Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 5,150,344 $ 1,573,328
Short-term investments 5,474,013 4,470,574
Inventory 2,126,899 870,207
Accounts receivable, net 992,390 718,103
Prepaid expenses and other current assets 604,482 247,476
Total current assets 14,348,128 7,879,688
PROPERTY, PLANT AND EQUIPMENT, net 9,846,293 5,718,814
LONG-TERM INVESTMENTS, net of current portion 489,648
DEFERRED TAX ASSETS 201,003 452,117
INTANGIBLE ASSETS, net 171,936
GOODWILL 95,557
OTHER ASSETS, net 34,264
TOTAL ASSETS 24,697,181 14,540,267
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 1,891,763 662,165
Current portion of bank debt 133,269 130,780
Deferred revenue 33,856
Total current liabilities 2,058,888 792,945
LONG-TERM LIABILITIES:    
Bank debt, net of current portion 2,878,805 3,054,977
Interest rate swaps 37,346 78,525
Total long-term liabilities 2,916,151 3,133,502
TOTAL LIABILITIES 4,975,039 3,926,447
CONTINGENT LIABILITIES AND COMMITMENTS (See Note 15)
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 10,000,000 and 8,000,000 shares authorized, 5,044,838 and 3,261,148 shares issued and 4,847,390 and 3,055,034 shares outstanding, as of December 31, 2016 and 2015, respectively 504,484 326,115
Additional paid-in capital 18,526,383 10,150,190
Retained earnings 1,147,120 638,672
Treasury stock, at cost, 197,448 and 206,114 shares as of December 31, 2016 and 2015, respectively (431,943) (450,901)
Accumulated other comprehensive (loss) (23,902) (50,256)
Total stockholders' equity 19,722,142 10,613,820
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,697,181 $ 14,540,267