v3.25.2
Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 5,854,422 $ 2,257,696
Short-term investments 2,121,354 4,627,744
Accounts receivable, net 2,133,459 2,343,062
Inventory, net 1,529,437 1,935,679
Prepaid expenses 432,503 534,767
Net investment in sales type leases - current 67,475 75,858
Income tax receivable 0 50,156
TOTAL CURRENT ASSETS 12,138,650 11,824,962
LONG-TERM ASSETS    
Accounts receivable - long-term 883,969 1,011,355
Property and equipment, net 130,871 149,669
Net investment in sales type leases - long term 70,892 46,924
Software development costs, net 11,687 13,355
Operating lease right-of-use assets 417,773 474,157
TOTAL LONG-TERM ASSETS 1,515,192 1,695,460
TOTAL ASSETS 13,653,842 13,520,422
CURRENT LIABILITIES    
Accounts payable and accrued expenses 261,220 216,944
Customer deposits 170,396 870,602
Current portion of operating lease liabilities 87,443 80,999
Income tax payable 28,336 0
TOTAL CURRENT LIABILITIES 547,395 1,168,545
LONG-TERM LIABILITIES    
Operating lease liabilities 381,010 435,796
Deferred tax liability 469,000 454,000
TOTAL LIABILITIES 1,397,405 2,058,341
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 25,000,000 shares authorized: 4,756,734 shares issued; and 4,639,523 and 4,635,568 shares outstanding at June 30, 2025 and December 31, 2024, respectively. 4,640 4,636
Additional paid-in capital 2,519,805 2,470,850
Retained earnings 9,950,472 9,209,030
Stockholders' Equity before Treasury Stock 12,474,917 11,684,516
Treasury stock, 117,211 and 121,166 shares (at cost) at June 30, 2025 and December 31, 2024, respectively. (218,480) (222,435)
TOTAL STOCKHOLDERS’ EQUITY 12,256,437 11,462,081
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,653,842 $ 13,520,422