v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,641,041 $ 2,588,625
Accounts receivable, net 9,029,658 7,904,120
Investments in debt and equity securities, at fair value 37,228,955 34,382,808
Inventories 15,934,027 17,188,397
Income taxes receivable 308,106 308,106
Other current assets 782,103 711,274
Total current assets 65,923,890 63,083,330
Property, plant, and equipment, net 75,465,103 79,180,049
Other assets 305,708 366,910
Total assets 141,694,701 142,630,289
Current liabilities:    
Accounts payable 6,700,860 5,339,797
Current portion of long-term debt 378,930 365,277
Accrued compensation 1,019,095 762,213
Dividends payable 1,417,438 1,417,438
Accrued royalties to shareholder 658,718 748,213
Other accrued liabilities 3,181,970 957,409
Income taxes payable 8,191 7,345
Total current liabilities 13,365,202 9,597,692
Other long-term liabilities 55,127,109 58,127,212
Long-term debt, net of current maturities 336,991 530,368
Total liabilities 68,829,302 68,255,272
Stockholders' equity:    
Common Stock, no par value
Additional paid-in capital 73,160,333 73,160,333
Retained earnings 12,363,299 13,872,917
Common stock in treasury - at cost (12,888,678) (12,888,678)
Total stockholders' equity 72,865,399 74,375,017
Total liabilities and stockholders' equity 141,694,701 142,630,289
Series II, Class B    
Stockholders' equity:    
Preferred stock, $1 par value: Class B; authorized: 5,000,000 shares 156,200 156,200
Series III, Class B    
Stockholders' equity:    
Preferred stock, $1 par value: Class B; authorized: 5,000,000 shares $ 74,245 $ 74,245