v3.26.3
BALANCE SHEETS - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 11,041,812 $ 7,939,000
Investments - marketable securities, short term 799,813 298,125
Trade, less allowance for credit losses of $15,000 1,151,682 694,864
Other 55,244 25,500
Inventories, net 3,777,866 1,091,471
Prepaid purchase orders 592,098 44,789
Prepaid expenses 116,593 151,702
Total current assets 17,535,108 10,245,451
Property and Equipment, at cost    
Machinery and equipment 10,196,909 9,314,408
Furniture and fixtures 180,364 180,364
Leasehold improvements 737,351 732,711
Construction in progress 439,583 627,503
Property and equipment, gross 11,554,207 10,854,986
Less accumulated depreciation and amortization (8,112,188) (8,020,249)
Property and equipment, net 3,442,019 2,834,737
Investments, net - marketable securities, long term 2,569,000 3,069,000
Right of use asset, net 905,523 1,061,709
Other assets 57,759 61,461
Total other assets 3,532,282 4,192,170
TOTAL ASSETS 24,509,409 17,272,358
Current Liabilities    
Operating lease obligations, current portion 241,835 212,561
Accounts payable 2,125,790 245,523
Customer deposits 3,564,512 829,158
Accrued compensation 554,448 403,281
Accrued expenses and other 251,520 165,222
Total current liabilities 6,738,105 1,855,745
Deferred tax liability 615,244 389,572
Operating lease obligations, net of current portion 663,688 849,148
Total liabilities 8,017,037 3,094,465
Shareholders' Equity    
Common stock, no par value, authorized 15,000,000 shares; 4,600,003 and 4,583,407 shares issued, respectively 10,840,658 10,753,529
Additional paid-in capital 2,233,384 2,233,384
Retained earnings 4,185,830 1,690,980
Less: Treasury stock, at cost (150,000 and 100,000 common shares, respectively) (767,500) (500,000)
Total shareholders' equity 16,492,372 14,177,893
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 24,509,409 $ 17,272,358