v3.23.1
Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 5,337,800 $ 1,846,700
Accounts receivable less $12,000 allowance for doubtful accounts 1,103,500 970,800
Inventory 486,400 422,700
Prepaid and other 103,300 160,000
Total current assets 7,031,000 3,400,200
Fixed assets    
Leasehold improvements 58,400 58,400
Furniture, fixtures and equipment 164,400 164,100
 Fixed assets, gross 222,800 222,500
Less: accumulated depreciation and amortization 167,800 134,200
Total fixed assets  55,000 88,300
Other assets    
Long-term receivables 2,463,100 185,000
Operating lease right of use – building 68,300 115,800
Other assets  2,531,400 300,800
Total assets 9,617,400 3,789,300
Current liabilities    
Accounts payable 97,700 3,700
Accrued expenses 173,700 151,500
Income taxes 287,100 0
Operating lease liability – current 50,700 47,500
Total current liabilities 609,200 202,700
Other liabilities    
Accrued expenses, non-current 172,200 13,000
Operating lease liability – non-current 17,600 68,300
 Total other liabilities 189,800 81,300
Stockholders’ equity    
Series A preferred stock, $1.00 par value, authorized – 300,000 shares, Issued and outstanding – none 0 0
Common stock, $0.01 par value, authorized – 75,000,000 shares, Issued and outstanding – 2022 -  9,251,178 shares; 2021 - 6,751,178 shares 92,500 67,500
Paid-in capital 16,659,600 13,184,600
Accumulated deficit (7,933,700) (9,746,800)
Total stockholders' equity 8,818,400 3,505,300
Total liabilities and stockholders’ equity $ 9,617,400 $ 3,789,300