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Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 10,584,067 $ 2,521,050
Trade accounts receivable, net 1,283,096 932,298
Inventory 2,035,793 2,331,671
Prepaid expenses and other current assets 755,237 635,817
Total current assets 14,658,193 6,420,836
PROPERTY, PLANT AND EQUIPMENT, net 25,585,452 26,027,549
INTANGIBLE ASSETS, net 128,952 133,728
GOODWILL 95,557 95,557
INTEREST RATE SWAPS 4,117 40,209
OTHER ASSETS 4,359 12,953
TOTAL ASSETS 40,476,630 32,730,832
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 1,172,756 1,220,660
Current portion of bank debt 846,292 844,351
Line of credit 500,000
Total current liabilities 2,019,048 2,565,011
LONG-TERM LIABILITIES:    
Bank debt, net of current portion 8,209,489 8,421,487
Total long-term liabilities 8,209,489 8,421,487
TOTAL LIABILITIES 10,228,537 10,986,498
CONTINGENT LIABILITIES AND COMMITMENTS (See Note 17)
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 11,000,000 and 11,000,000 shares authorized, 7,299,009 and 5,662,645 shares issued and 7,209,595 and 5,568,962 shares outstanding, as of March 31, 2019 and December 31, 2018, respectively 729,901 566,265
Additional paid-in capital 30,908,855 22,695,557
Accumulated deficit (1,198,143) (1,342,698)
Treasury stock, at cost, 89,414 and 93,683 shares as of March 31, 2019 and December 31, 2018, respectively (195,608) (204,947)
Accumulated other comprehensive income 3,088 30,157
Total stockholders' equity 30,248,093 21,744,334
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,476,630 $ 32,730,832