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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 21,677,186 $ 13,073,331
Accounts receivable, net 607,522 3,091,251
Costs and estimated earnings in excess of billings on contracts in progress 2,596,518 4,635,018
Inventories, net 3,286,539 2,986,430
Restricted cash 0 200,000
Deferred income taxes 428,355 398,009
Other current assets 235,537 167,056
Total Current Assets 28,831,657 24,551,095
Property, plant and equipment, net 14,344,924 14,793,923
Construction in progress 94,058 33,306
Deferred income taxes 2,011,979 1,606,830
Other assets 68,450 86,215
Intangible assets, net 253,624 60,335
Total Assets 45,604,692 41,131,704
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 743,132 308,004
Accrued expenses 1,942,818 3,445,880
Current maturities of long-term debt 300,000 580,000
Billings in excess of costs and estimated earnings on contracts in progress 5,262,339 0
Deferred revenue 77,633 307,683
Total Current Liabilities 8,325,922 4,641,567
Long-term debt, net of current portion 2,965,508 3,265,508
Total Liabilities 11,291,430 7,907,075
Commitments and Contingencies (Note 16)
Stockholders’ Equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized at December 31, 2016 and 10,000,000 authorized at December 31, 2015: issued and outstanding 6,346,590 at December 31, 2016 and 6,198,135 shares at December 31, 2015 63,466 61,981
Additional paid-in capital 24,131,474 22,895,202
Retained earnings 10,118,322 10,267,446
Total Stockholders’ Equity 34,313,262 33,224,629
Total Liabilities and Stockholders’ Equity $ 45,604,692 $ 41,131,704