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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 10,679,703 $ 11,123,726
Trade accounts receivable less allowances of approximately $492,000 and $326,000, respectively 17,226,890 8,326,939
Receivables due from affiliated companies 624,748 1,496,104
Restricted cash 477,426
Inventories, net 16,788,800 13,175,756
Prepaid expenses and other current assets 1,970,210 1,259,786
Total Current Assets 47,290,351 35,859,737
Property, plant and equipment, net 14,180,888 10,101,962
Operating lease – right to use 204,434 268,920
Intangible assets, net 1,451,814 1,665,299
Total Assets 63,127,487 47,895,918
Current Liabilities:    
Current portion of long-term debt, net 737,995 500,694
Current portion of operating lease liability 88,783 86,377
Accounts payable – trade 5,082,599 1,966,010
Accrued expenses payable 1,820,964 1,142,825
Total Current Liabilities 7,730,341 3,695,906
Deferred tax liability 412,795 380,218
Operating lease liability, less current portion 115,651 182,543
Long-term debt, less current portion and debt issuance costs 7,983,559 3,730,180
Total Liabilities 16,242,346 7,988,847
COMMITMENTS AND CONTINGENCIES
Common stock - $.01 par value, 12,000,000 shares authorized; 9,485,799 and 9,481,799 shares issued and outstanding 94,858 94,818
Additional paid in capital 10,871,840 10,816,100
Accumulated other comprehensive loss (294,997) (294,324)
Retained earnings 36,213,440 29,290,477
Total Shareholders’ Equity 46,885,141 39,907,071
Total Liabilities and Shareholders’ Equity $ 63,127,487 $ 47,895,918