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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 8,187,497 $ 8,664,253
Accounts receivable, net 1,672,914 2,545,537
Contract assets 993,841 512,952
Inventories, net 1,444,735 1,709,713
Taxes Receivable 713,027
Other current assets 417,688 733,337
Total Current Assets 13,429,702 14,165,792
Property, plant and equipment, net 32,363,977 32,102,335
Other assets 13,748 13,748
Intangible assets, net 358,677 441,177
Total Assets 46,166,104 46,723,052
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 440,400 535,394
Accrued expenses 1,505,312 1,902,858
Current maturities of long-term debt 681,222 674,593
Contract Liabilities 85,734 845,653
Deferred revenue 777,924 1,429,583
Total Current Liabilities 3,490,592 5,388,081
Long-term debt, net of current portion 13,285,144 11,377,126
Total Long-Term Liabilities 13,285,144 11,377,126
Total Liabilities 16,775,736 16,765,207
Commitments and contingencies (see note 12)
Stockholders’ Equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,640,935 at September 30, 2020 and 6,623,793 at December 31, 2019 66,409 66,237
Additional paid-in capital 26,919,496 26,719,554
Retained earnings 2,404,463 3,172,054
Total Stockholders’ Equity 29,390,368 29,957,845
Total Liabilities and Stockholders’ Equity $ 46,166,104 $ 46,723,052