XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 3,886,198 $ 3,758,232
Trade accounts receivable 2,554,766 3,771,133
Inventory 9,802,005 7,112,623
Prepaid expenses and other current assets 582,209 400,762
Total current assets 16,825,178 15,042,750
Property, plant and equipment, net 24,340,740 25,349,019
Operating lease right-of-use asset 4,419,527 4,560,679
Goodwill 95,557 95,557
Intangible assets, net 4,776 19,104
Other assets 44,345 33,368
TOTAL ASSETS 45,730,123 45,100,477
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current portion of debt obligations 1,591,836 1,497,619
Current portion of operating lease liability 82,442 432,072
Accounts payable and accrued expenses 2,323,610 2,482,522
Total current liabilities 3,997,888 4,412,213
Debt obligations, net of current portion 7,898,714 9,040,975
Operating lease liability, net of current portion 4,032,680 4,129,102
Total long-term liabilities 11,931,394 13,170,077
TOTAL LIABILITIES 15,929,282 17,582,290
CONTINGENT LIABILITIES AND COMMITMENTS (See Note 10)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.10 par value per share, 15,000,000 and 15,000,000 shares authorized, 9,105,622 and 9,042,392 shares issued and 9,045,851 and 8,979,091 shares outstanding, as of September 30, 2025 and December 31, 2024, respectively. 910,563 904,240
Additional paid-in capital 41,375,649 40,916,155
Accumulated deficit (12,354,611) (14,163,726)
Treasury stock, at cost, 59,771 and 63,301 shares as of September 30, 2025 and December 31, 2024, respectively (130,760) (138,482)
TOTAL STOCKHOLDERS’ EQUITY 29,800,841 27,518,187
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 45,730,123 $ 45,100,477