XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Balance Sheets (Unaudited) - USD ($)
Jun. 27, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 116,612 $ 133,965
Accounts receivable-trade, net 4,975,842 4,086,945
Inventories, net 3,872,868 3,099,824
Prepaid expenses and other current assets 173,237 147,786
Total current assets 9,138,559 7,468,520
Property and equipment:    
Production equipment 10,008,886 9,649,169
Furniture and office equipment 508,423 508,423
Leasehold improvements 934,195 934,195
Total cost 11,451,504 11,091,787
Accumulated depreciation and amortization (10,357,620) (10,110,663)
Construction in progress 320,209 255,754
Net property and equipment 1,414,093 1,236,878
Right-of-use lease asset 100,000 171,000
Deferred taxes, net 147,873 147,873
Total assets 10,800,525 9,024,271
Current liabilities:    
Borrowings against line of credit 1,026,765 1,249,588
Note payable, current portion 37,311
Accounts payable 1,770,160 1,436,417
Accrued expenses 908,994 815,166
Deferred revenue 482,997 21,110
Lease liability, current portion 100,000 148,000
Total current liabilities 4,326,227 3,670,281
Note payable less current portion 159,360
Long term lease liability 23,000
Total liabilities 4,485,587 3,693,281
Stockholders` equity:    
Common stock, $0.01 par value, authorized 20,000,000 shares; issued 13,427,492; outstanding 13,207,436; at June 27, 2020 and December 28, 2019; 134,275 134,275
Additional paid-in capital 36,177,264 36,094,201
Accumulated deficit (29,479,548) (30,380,433)
Less cost of 220,056 common shares repurchased at June 27, 2020 and December 28, 2019 (517,053) (517,053)
Total stockholders` equity 6,314,938 5,330,990
Total liabilities and stockholders` equity $ 10,800,525 $ 9,024,271