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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 12,159,052 $ 16,651,371
Accounts receivable, net 2,572,192 1,446,354
Contract assets 4,255,400 2,538,373
Inventories, net 2,050,405 1,225,015
Taxes receivable 0 715,599
Other current assets 529,264 493,788
Total current assets 21,566,313 23,070,500
Property, plant and equipment, net 12,334,374 12,261,321
Intangible assets, net 205,258 182,838
Other assets 9,570 9,570
Total assets 34,115,515 35,524,229
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,422,072 1,161,381
Accrued expenses 1,857,317 1,758,939
Current maturities of long-term debt 0 1,765,508
Contract liabilities 3,296,062 1,650,426
Total current liabilities 6,575,451 6,336,254
Total liabilities 6,575,451 6,336,254
Stockholders’ Equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,728,938 at June 30, 2022 and 6,723,438 at December 31, 2021 67,289 67,234
Additional paid-in capital 27,465,930 27,277,154
Retained earnings 6,845 1,843,587
Total stockholders’ equity 27,540,064 29,187,975
Total liabilities and stockholders’ equity $ 34,115,515 $ 35,524,229