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Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 8,266,753 $ 5,050,312
Accounts receivable-trade, net 3,777,975 4,870,021
Accounts receivable-other 685,668 0
Inventories 4,875,901 3,911,602
Prepaid expenses and other current assets 211,242 225,873
Total current assets 17,817,539 14,057,808
Property and equipment:    
Production equipment 10,770,427 10,489,729
Furniture and office equipment 952,883 673,305
Leasehold improvements 985,649 951,384
Total cost 12,708,959 12,114,418
Accumulated depreciation and amortization (11,446,901) (11,028,154)
Construction in progress 64,910 246,669
Net property and equipment 1,326,968 1,332,933
Right-of-use lease asset (note 4, leases) 466,000 586,000
Deferred taxes, net 2,069,436 2,823,978
Total assets 21,679,943 18,800,719
Current liabilities:    
Notes payable, current portion 43,711 55,906
Accounts payable 1,836,865 2,100,251
Accrued expenses 820,856 1,086,429
Deferred revenue 2,521,128 1,707,138
Current lease liability 157,000 155,000
Total current liabilities 5,379,560 5,104,724
Notes payable less current portion 54,847 98,684
Deferred revenue – long term 231,020 0
Long-term lease liability 309,000 431,000
Total liabilities 5,974,427 5,634,408
Commitments & Contingencies
Stockholders’ Equity:    
Common stock, $0.01 par value, authorized 20,000,000 shares; issued 14,460,486 and 14,350,786 shares; outstanding 14,450,470 and 14,350,451; at December 31, 2022 and December 25, 2021, respectively 144,605 143,508
Additional paid-in capital 39,726,851 39,281,810
Accumulated deficit (24,125,092) (26,256,492)
Less cost of 10,016 and 335 common shares repurchased at December 31, 2022 and December 25, 2021, respectively (40,848) (2,515)
Total stockholders’ equity 15,705,516 13,166,311
Total liabilities and stockholders’ equity $ 21,679,943 $ 18,800,719