XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 15,472,553 $ 16,199,043
Accounts receivable, net 3,471,523 3,267,838
Inventories, net 8,049,399 7,017,224
Other current assets 448,407 192,548
Total current assets 27,441,882 26,676,653
Property, plant, and equipment, net 11,819,588 12,092,037
Other assets 8,095 10,289
Total assets 39,269,565 38,778,979
Current liabilities:    
Accounts payable 4,445,649 4,471,756
Current portion of long-term debt 440,971 430,393
Accrued compensation 814,604 536,456
Dividends payable 55,113 55,113
Accrued royalties to shareholder 635,554 659,443
Insurance proceeds 1,004,960  
Other accrued liabilities 893,395 1,019,283
Total current liabilities 8,290,246 7,172,444
Long-term debt, net of current maturities 3,270,235 3,498,244
Total liabilities 11,560,481 10,670,688
Commitments and contingencies - see Note 6
Preferred stock, $1 par value:    
Additional paid-in capital 61,430,417 59,290,333
Accumulated deficit (34,502,778) (31,963,487)
Total stockholders' equity 27,709,084 28,108,291
Total liabilities and stockholders' equity 39,269,565 38,778,979
Series I, Class B    
Preferred stock, $1 par value:    
Preferred stock 98,500 98,500
Series II, Class B    
Preferred stock, $1 par value:    
Preferred stock 171,200 171,200
Series III, Class B    
Preferred stock, $1 par value:    
Preferred stock 129,245 129,245
Series IV, Class B    
Preferred stock, $1 par value:    
Preferred stock 342,500 342,500
Series V, Class B    
Preferred stock, $1 par value:    
Preferred stock $ 40,000 $ 40,000