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Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 30, 2023
Dec. 31, 2022
Current assets:      
Cash and cash equivalents   $ 8,813,626 $ 8,266,753
Accounts receivable-trade, net   4,389,155 3,777,975
Accounts receivable-other   83,191 685,668
Inventories   4,581,930 4,875,901
Prepaid expenses and other current assets   276,349 211,242
Total current assets   18,144,251 17,817,539
Property and equipment:      
Production equipment   11,271,982 10,770,427
Furniture and office equipment   952,883 952,883
Leasehold improvements   985,649 985,649
Total cost   13,210,514 12,708,959
Accumulated depreciation and amortization   (11,936,004) (11,446,901)
Construction in progress   281,629 64,910
Net property and equipment   1,556,139 1,326,968
Right-of-use lease asset   332,000 466,000
Deferred taxes, net   1,569,726 2,069,436
Total assets   21,602,116 21,679,943
Current liabilities:      
Notes payable, current portion $ 46,797   43,711
Accounts payable 2,535,086   1,836,865
Accrued expenses 1,075,137   820,856
Deferred revenue 251,755   2,521,128
Current lease liability 160,000 160,000 157,000
Total current liabilities 4,068,775   5,379,560
Notes payable less current portion 8,090   54,847
Deferred revenue – long term 31,277   231,020
Long-term lease liability 172,000 172,000 309,000
Total liabilities 4,280,142   5,974,427
Commitments & Contingencies  
Stockholders’ Equity:      
Common stock, $0.01 par value, authorized 20,000,000 shares; issued 14,601,487 and 14,460,486 shares; outstanding 14,519,215 and 14,450,470; at December 30, 2023 and December 31, 2022, respectively 146,015   144,605
Additional paid-in capital 40,180,893   39,726,851
Accumulated deficit (22,754,796)   (24,125,092)
Less cost of 82,272 and 10,016 common shares repurchased at December 30, 2023 and December 31, 2022, respectively (250,138)   (40,848)
Total stockholders’ equity 17,321,974 $ 17,321,974 15,705,516
Total liabilities and stockholders’ equity $ 21,602,116   $ 21,679,943