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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 17,446,404 $ 7,699,335
Accounts receivable, net 1,891,913 1,047,728
Contract assets 1,628,168 494,281
Inventories, net 1,465,744 1,123,839
Taxes Receivable 715,599 715,599
Other current assets 207,841 709,175
Total Current Assets 23,355,669 11,789,957
Property, plant and equipment, net 12,368,838 28,843,563
Intangible assets, net 209,851 288,657
Other assets 23,318 13,748
Total Assets 35,957,676 40,935,925
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 854,159 817,933
Accrued expenses 1,476,871 1,409,039
Current maturities of long-term debt 1,840,508 690,667
Contract Liabilities 1,504,345 786,657
Total Current Liabilities 5,675,883 3,704,296
Long-term debt, net of current portion 0 13,106,057
Total Liabilities 5,675,883 16,810,353
Commitments and contingencies (see note 12)
Stockholders’ Equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,687,438 at September 30, 2021 and 6,678,698 at December 31, 2020 66,874 66,786
Additional paid-in capital 27,179,538 26,961,684
Retained earnings (accumulated deficit) 3,035,381 (2,902,898)
Total Stockholders’ Equity 30,281,793 24,125,572
Total Liabilities and Stockholders’ Equity $ 35,957,676 $ 40,935,925