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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 14,365,000 $ 16,651,000
Accounts receivable, net 3,788,000 1,446,000
Contract assets 2,170,000 2,538,000
Inventories, net 2,538,000 1,225,000
Income taxes receivable 0 716,000
Other current assets 797,000 494,000
Total current assets 23,658,000 23,070,000
Employee retention credit receivable 1,529,000 0
Property, plant and equipment, net 12,596,000 12,261,000
Intangible assets, net 119,000 183,000
Other assets 10,000 10,000
Total assets 37,912,000 35,524,000
Current liabilities    
Accounts payable 1,454,000 1,161,000
Accrued expenses 2,591,000 1,759,000
Current maturities of long-term debt 77,000 1,766,000
Contract liabilities 4,042,000 1,650
Total current liabilities 8,164,000 6,336,000
Long-term debt, net of current portion 349,000 0
Total liabilities 8,513,000 6,336,000
Commitments and Contingencies  
Stockholders’ equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,760,938 at December 31, 2022 and 6,723,438 at December 31, 2021 67,000 67,000
Additional paid-in capital 27,712,000 27,277,000
Retained earnings 1,620,000 1,844,000
Total stockholders’ equity 29,399,000 29,188,000
Total liabilities and stockholders’ equity $ 37,912,000 $ 35,524,000