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Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 6,949,937 $ 6,293,293
Short-term investments 996,495 2,480,753
Trade accounts receivable, net 1,796,801 1,637,165
Inventory 2,092,514 2,518,256
Prepaid expenses and other current assets 321,261 259,566
Total current assets 12,157,008 13,189,033
PROPERTY, PLANT AND EQUIPMENT, net 26,754,975 25,265,738
OPERATING LEASE RIGHT-OF-USE ASSET 1,220,361
GOODWILL 95,557 95,557
INTANGIBLE ASSETS, net 95,520 114,624
OTHER ASSETS 26,173 26,884
TOTAL ASSETS 40,349,594 38,691,836
CURRENT LIABILITIES:    
Current portion of debt obligations 760,337 1,274,790
Current portion of operating lease liability 100,512
Accounts payable and accrued expenses 1,350,227 1,220,566
Total current liabilities 2,211,076 2,495,356
LONG-TERM LIABILITIES:    
Debt obligations, net of current portion 8,737,149 7,146,676
Operating lease liability, net of current portion 1,135,169
Interest rate swaps 58,526
Total long-term liabilities 9,872,318 7,205,202
TOTAL LIABILITIES 12,083,394 9,700,558
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value per share, 15,000,000 and 11,000,000 shares authorized, 7,299,009 and 7,299,009 shares issued and 7,218,836 and 7,212,919 shares outstanding, as of December 31, 2020 and 2019, respectively 729,901 729,901
Additional paid-in capital 31,372,093 31,131,893
Accumulated deficit (3,660,402) (2,638,285)
Treasury stock, at cost, 80,173 and 86,090 shares as of December 31, 2020 and 2019, respectively (175,392) (188,336)
Accumulated other comprehensive loss (43,895)
Total stockholders' equity 28,266,200 28,991,278
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,349,594 $ 38,691,836