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CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 2,003,701 $ 2,689,464
Accounts receivable, net of allowance for doubtful accounts of $47,731 in 2016 and $58,684 in 2015 4,819,104 3,538,765
Prepaid expenses and other current assets 1,125,259 1,060,587
Income tax receivable 24,926 840,122
Deferred tax assets 388,104 327,442
Total Current Assets 8,361,094 8,456,380
Property and equipment:    
Fixed Assets, net of accumulated amortization and depreciation of $7,162,360 in 2016 and $6,642,501 in 2015 13,213,779 13,132,114
Other assets 790,848 774,474
Total Assets 22,365,721 22,362,968
Current Liabilities:    
Accounts payable 1,294,976 747,291
Accrued expenses 1,109,588 1,197,632
Current portion of long-term debt 1,741,602 1,619,633
Total Current Liabilities 4,146,166 3,564,556
Long-term debt 4,355,104 4,272,137
Deferred tax liabilities, long-term 2,852,745 2,852,745
Total Liabilities $ 11,354,015 $ 10,689,438
Commitments and Contingencies (Note 7)
Shareholders' Equity:    
Preferred stock, $0.005 par value, 872,521 shares authorized, no shares issued or outstanding $ 0 $ 0
Common stock, $0.005 par value; 50,000,000 shares authorized 6,090,671 shares issued in 2016 and 2015 30,453 30,453
Additional paid-in capital 30,196,605 30,021,604
Accumulated deficit (9,133,563) (8,296,738)
Less - Treasury stock, at cost, 668,130 shares in 2016 and 2015 (10,081,789) (10,081,789)
Total Shareholders' Equity 11,011,706 11,673,530
Total Liabilities and Shareholders' Equity $ 22,365,721 $ 22,362,968