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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 6,148,351 $ 6,125,322
Trade accounts receivable less allowances of approximately $144,000 and $162,000, respectively 6,404,356 7,132,256
Receivables due from affiliated companies 1,195,584 962,154
Insurance claim receivable 50,520
Restricted cash 1,891,918 1,885,098
Inventories, net 11,360,436 9,555,071
Prepaid expenses and other current assets 1,003,586 935,022
Total Current Assets 28,004,231 26,645,443
Property, plant and equipment, net 9,590,761 9,338,227
Operating lease - right to use 331,658 352,190
Intangible assets, net 1,878,785 1,949,947
Total Assets 39,805,435 38,285,807
Current Liabilities:    
Current portion of long-term debt, net 482,467 483,477
Current portion of operating lease liability 84,037 83,270
Accounts payable - trade 1,996,475 1,047,385
Accrued expenses payable 1,277,909 1,214,938
Total Current Liabilities 3,840,888 2,829,070
Deferred tax liability 336,689 311,374
Operating lease liability, less current portion 247,621 268,920
Long-term debt, less current portion and debt issuance costs 4,021,420 4,142,179
Total Liabilities 8,446,618 7,551,543
Shareholders' Equity:    
Common stock - $.01 par value, 12,000,000 shares authorized; 9,448,105 and 9,442,809 shares issued and outstanding 94,481 94,428
Additional paid in capital 10,503,118 10,503,171
Accumulated other comprehensive loss (296,819) (294,491)
Retained earnings 21,058,037 20,431,156
Total Shareholders' Equity 31,358,817 30,734,264
Total Liabilities and Shareholders' Equity $ 39,805,435 $ 38,285,807