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Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,689,610 $ 3,407,760
Accounts receivable-trade, net 3,034,175 1,959,606
Inventories, net 1,675,338 1,970,961
Prepaid expenses and other current assets 79,579 88,443
Total current assets 6,478,702 7,426,770
Property and equipment:    
Production equipment 9,081,157 9,046,846
Furniture and office equipment 493,152 412,412
Leasehold improvements 886,582 886,582
Total cost 10,460,891 10,345,840
Accumulated depreciation and amortization (9,133,201) (8,720,219)
Construction in progress 172,343 158,006
Net property and equipment 1,500,033 1,783,627
Deferred taxes, 3,450,349 2,827,349
Total assets 11,429,084 12,037,746
Current liabilities:    
Accounts payable 837,217 662,482
Accrued expenses 615,883 623,959
Total current liabilities 1,453,100 1,286,441
Stockholders’ equity:    
Common stock, $0.01 par value authorized 20,000,000 shares; issued 13,423,492; outstanding 13,203,436; at September 30, 2017 and December 31, 2016, 134,235 134,235
Additional paid-in capital 35,601,753 35,452,685
Accumulated deficit (25,242,951) (24,318,562)
Less cost of 220,056 common shares repurchased at September 30, 2017 and December 31, 2016, (517,053) (517,053)
Total stockholders equity 9,975,984 10,751,305
Total liabilities and stockholders equity $ 11,429,084 $ 12,037,746