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(Unaudited Condensed) Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 2,514,519 $ 3,798,811
Accounts receivable, net 985,216 1,344,022
Inventory 1,836,894 2,049,732
Prepaid expenses and other current assets 487,383 314,667
Total current assets 5,824,012 7,507,232
PROPERTY, PLANT AND EQUIPMENT, net 26,589,931 26,069,689
DEFERRED TAX ASSETS, net 472,726
INTANGIBLE ASSETS, net 143,280 152,832
GOODWILL 95,557 95,557
INTEREST RATE SWAPS 79,283
OTHER ASSETS 9,149 920
TOTAL ASSETS 32,741,212 34,298,956
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 783,781 1,723,270
Current portion of bank debt 563,084 316,629
Deferred revenue 24,100 24,100
Total current liabilities 1,370,965 2,063,999
LONG-TERM LIABILITIES:    
Bank debt, net of current portion 8,555,842 8,639,021
Interest rate swaps 996
Total long-term liabilities 8,555,842 8,640,017
TOTAL LIABILITIES 9,926,807 10,704,016
CONTINGENT LIABILITIES AND COMMITMENTS (Note 15)  
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 11,000,000 and 8,000,000 shares authorized, 5,662,645 and 5,662,645 shares issued and 5,483,728 and 5,476,197 shares outstanding, as of June 30, 2018 and December 31, 2017, respectively 566,265 566,265
Additional paid-in capital 22,620,595 22,458,219
(Accumulated deficit) retained earnings (40,512) 978,973
Treasury stock, at cost, 178,917 and 186,448 shares as of June 30, 2018 and December 31, 2017, respectively (391,405) (407,879)
Accumulated other comprehensive income (loss) 59,462 (638)
Total stockholders' equity 22,814,405 23,594,940
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 32,741,212 $ 34,298,956