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Balance Sheets (unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 3,600,100 $ 2,269,200
Accounts receivable less $12,000 allowance for credit losses 981,500 1,120,700
Inventory 370,300 448,000
Interest receivable 205,100 160,000
Short-term investments 6,910,900 7,985,600
Prepaid and other 100,600 121,800
Total current assets 12,168,500 12,105,300
Fixed assets    
Leasehold improvements 81,500 81,500
Furniture, fixtures and equipment 177,800 169,800
Fixed assets, gross 259,300 251,300
Less: accumulated depreciation and amortization 229,000 214,800
 Total fixed assets 30,300 36,500
Other assets    
Long-term receivables 1,701,300 1,838,500
Operating lease right of use – building 4,400 17,600
Total other assets 1,705,700 1,856,100
Total assets 13,904,500 13,997,900
Current liabilities    
Accounts payable 47,700 27,500
Accrued expenses 120,000 94,600
Stock compensation payable 2,259,100 1,347,100
Operating lease liability – current 4,400 17,600
Total current liabilities 2,431,200 1,486,800
Other liabilities    
Accrued expenses, non-current 119,000 128,600
Total other liabilities 119,000 128,600
Stockholders' equity    
Common stock, $0.01 par value Authorized – 75,000,000 shares Issued and outstanding – 10,501,178 shares 105,000 105,000
Paid-in capital 21,647,100 21,647,100
Accumulated deficit (10,397,800) (9,369,600)
Total stockholders' equity 11,354,300 12,382,500
Total liabilities and stockholders' equity $ 13,904,500 $ 13,997,900