XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 20,443,327 $ 29,162,913
Accounts receivable, net 7,731,830 34,859,505
Receivable from Technology Investment Agreement (TIA) 3,567,913 5,924,136
Investments in debt and equity securities, at fair value 26,873,166 13,268,986
Inventories 21,193,879 20,589,919
Prepaid estimated taxes 7,361,845  
Other current assets 768,440 701,969
Total current assets 87,940,400 104,507,428
Property, plant, and equipment, net 96,688,256 87,925,651
Deferred tax asset 9,646,367 13,865,834
Other assets 5,674 5,675
Total assets 194,280,697 206,304,588
Current liabilities:    
Accounts payable 9,287,601 20,404,573
Current portion of long-term debt 296,444 289,114
Accrued compensation 1,011,716 1,056,656
Dividends payable 1,417,937 1,438,371
Accrued royalties to shareholder 906,404 3,450,684
Other accrued liabilities 3,329,366 3,725,527
Income taxes payable   4,959,878
Total current liabilities 16,249,468 35,324,803
Other long-term liabilities 73,870,255 69,996,330
Long-term debt, net of current maturities 1,664,018 1,814,194
Total liabilities 91,783,741 107,135,327
Commitments and contingencies - see Note 8
Preferred stock, $1 par value:    
Common Stock, no par value 0 0
Additional paid-in capital 65,312,124 63,024,888
Retained earnings 45,041,065 41,182,429
Common stock in treasury - at cost (8,088,678) (5,270,501)
Total stockholders' equity 102,496,956 99,169,261
Total liabilities and stockholders' equity 194,280,697 206,304,588
Series II, Class B    
Preferred stock, $1 par value:    
Preferred stock 156,200 156,200
Series III, Class B    
Preferred stock, $1 par value:    
Preferred stock $ 76,245 $ 76,245