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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 1,951,415 $ 5,300,446
Marketable securities 2,319,555 1,392,060
Receivables 69,459 28,737
Inventory 272,603 201,333
Prepaid expenses and other current assets 127,621 47,246
Assets held for sale 258,751 258,751
Total current assets 4,999,404 7,228,573
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET 3,343,340 3,247,013
OPERATING LEASE RIGHT-OF-USE ASSETS 1,724,052 1,789,285
EQUITY INVESTMENT IN UNCONSOLIDATED SUBSIDIARY 304,439 718,806
INVESTMENT IN EQUITY AND NOTES RECEIVABLE FROM RELATED COMPANY 424,000 304,000
DEFERRED INCOME TAXES 0 206,000
GOODWILL 796,220 671,220
INTANGIBLE ASSETS, NET 367,799 395,113
OTHER ASSETS, NET 37,543 49,202
Total assets 11,996,797 14,609,212
CURRENT LIABILITIES    
Accounts payable 612,059 555,247
Broker margin loan 0 115,899
Current maturities of long-term debt 185,009 183,329
Current operating lease obligations 274,511 215,326
Accrued expenses 371,356 480,289
Total current liabilities 1,442,935 1,550,090
LONG-TERM DEBT, LESS CURRENT PORTION 2,091,335 2,269,771
NONCURRENT OPERATING LEASE OBLIGATIONS 1,497,300 1,600,622
Total liabilities 5,031,570 5,420,483
SHAREHOLDERS' EQUITY    
Preferred stock, $.001 par value, 2,000,000 shares authorized, no shares outstanding at December 29, 2024 and December 31, 2023 0 0
Common stock, $.002 par value, 50,000,000 authorized, 6,461,724 issued and 6,154,724 outstanding at December 29, 2024 and 6,246,118 outstanding at December 31, 2023 12,309 12,492
Less cost of 306,394 and 215,000 common shares held in Treasury at December 29, 2024 and December 31, 2023, respectively (499,718) (357,107)
Additional paid-in capital 11,813,735 11,583,235
Accumulated deficit (4,361,099) (2,049,891)
Total shareholders' equity 6,965,227 9,188,729
Total liabilities and shareholders' equity $ 11,996,797 $ 14,609,212