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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 11,123,726 $ 6,125,322
Trade accounts receivable less allowances of approximately $326,000 and $162,000, respectively 8,326,939 7,132,256
Receivables due from affiliated companies 1,496,104 962,154
Insurance claim receivable 50,520
Restricted cash 477,426 1,885,098
Inventories, net 13,175,756 9,555,071
Prepaid expenses and other current assets 1,259,786 935,022
Total Current Assets 35,859,737 26,645,443
Property, plant and equipment, net 10,101,962 9,338,227
Operating lease - right to use 268,920 352,190
Intangible assets, net 1,665,299 1,949,947
Total Assets 47,895,918 38,285,807
Current Liabilities:    
Current portion of long-term debt, net 500,694 483,477
Current portion of operating lease liability 86,377 83,270
Accounts payable - trade 1,966,010 1,047,385
Accrued expenses payable 1,142,825 1,214,938
Total Current Liabilities 3,695,906 2,829,070
Deferred tax liability 380,218 311,374
Operating lease liability, less current portion 182,543 268,920
Long-term debt, less current portion and debt issuance costs 3,730,180 4,142,179
Total Liabilities 7,988,847 7,551,543
COMMITMENTS AND CONTINGENCIES
Shareholders' Equity:    
Common stock - $.01 par value, 12,000,000 shares authorized; 9,481,799 shares and 9,442,809 shares issued and outstanding, respectively 94,818 94,428
Additional paid in capital 10,816,100 10,503,171
Accumulated other comprehensive loss (294,324) (294,491)
Retained earnings 29,290,477 20,431,156
Total Shareholders' Equity 39,907,071 30,734,264
Total Liabilities and Shareholders' Equity $ 47,895,918 $ 38,285,807