v3.26.1
Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 8,152,589 $ 8,235,788
Accounts receivable, net 3,045,574 2,762,748
Inventory, net 881,610 1,615,469
Prepaid expenses 1,899,095 437,254
Net investment in sales type leases - current 58,058 54,806
Income tax receivable 0 168,164
TOTAL CURRENT ASSETS 14,036,926 13,274,229
LONG-TERM ASSETS    
Accounts receivable - long-term 1,712,927 421,883
Property and equipment, net 144,221 142,749
Net investment in sales type leases - long term 27,293 53,842
Software development costs, net 64,142 72,008
Operating lease right-of-use assets 336,087 401,283
TOTAL LONG-TERM ASSETS 2,284,670 1,091,765
TOTAL ASSETS 16,321,596 14,365,994
CURRENT LIABILITIES    
Accounts payable and accrued expenses 667,118 273,845
Customer deposits 39,303 113,751
Current portion of operating lease liabilities 78,361 105,538
Income tax payable 62,836 0
TOTAL CURRENT LIABILITIES 847,618 493,134
LONG-TERM LIABILITIES    
Operating lease liabilities 332,358 367,396
Deferred tax liability 935,000 661,000
TOTAL LIABILITIES 2,114,976 1,521,530
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 25,000,000 shares authorized: 4,756,734 shares issued; and 4,642,887 and 4,641,523 shares outstanding at June 30, 2026 and December 31, 2025, respectively. 4,643 4,642
Additional paid-in capital 2,625,852 2,591,755
Retained earnings 11,790,967 10,464,410
STOCKHOLDERS' EQUITY BEFORE TREASURY STOCK 14,421,462 13,060,807
Treasury stock, 113,847 and 115,211 shares (at cost) at June 30, 2026 and December 31, 2025, respectively. (214,842) (216,343)
TOTAL STOCKHOLDERS’ EQUITY 14,206,620 12,844,464
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 16,321,596 $ 14,365,994