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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash $ 1,401,047 $ 2,418,484
Trade accounts receivable less allowances of approximately $171,000 and $79,000, respectively 5,658,686 4,963,895
Receivables due from affiliated companies 1,045,990 1,584,365
Restricted cash 2,332,877 2,747,360
Inventories, net 12,085,813 9,074,426
Prepaid expenses and other current assets 1,010,641 1,013,213
Total Current Assets 23,535,054 21,801,743
Property, plant and equipment, net 9,649,237 9,291,667
Intangible assets, net 2,050,212 897,408
Total Assets 35,234,503 31,990,818
Current Liabilities:    
Current portion of long-term debt, net 425,663 240,017
Accounts payable - trade 1,472,230 1,807,120
Accrued expenses payable 1,108,905 812,062
Total Current Liabilities 3,006,798 2,859,199
Deferred tax liability 280,349 153,895
Long-term debt, less current portion and debt issuance costs 4,514,105 4,081,793
Total Liabilities 7,801,252 7,094,887
COMMITMENTS AND CONTINGENCIES (Note 11)
Shareholders' Equity:    
Common stock - $.01 par value, 12,000,000 shares authorized; 9,338,191 shares and 9,254,580 shares issued, respectively 93,382 92,546
Additional paid in capital 10,235,827 9,931,634
Accumulated other comprehensive loss (295,734) (288,051)
Retained earnings 17,399,776 15,159,802
Total Shareholders' Equity 27,433,251 24,895,931
Total Liabilities and Shareholders' Equity $ 35,234,503 $ 31,990,818