Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.8.0.1
BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents (including restricted cash of $1,001,180 at December 31, 2017) $ 14,201,163 $ 16,242,158
Accounts receivable 3,058,266 4,403,946
Inventories, net 5,487,053 4,839,591
Prepaid expenses 236,670 178,569
Refundable income taxes 629,316
Total current assets 23,612,468 25,664,264
Other assets:    
Property and equipment, net 824,076 737,586
Deposits 87,496 66,796
Deferred tax assets 160,637
Total assets 24,524,040 26,629,283
Current liabilities    
Accounts payable 757,753 659,355
Customer deposits 40,039 71,954
Income taxes payable 1,227,308
Accrued liabilities and other current liabilities 586,391 669,889
Current portion of notes payable 110,237 111,368
Total current liabilities 1,494,420 2,739,874
Notes payable, net of current portion 126,818 237,431
Total liabilities 1,621,238 2,977,305
Stockholders' Equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value, 50,000,000 shares authorized, 10,143,158 and, 10,143,158, shares issued and outstanding, respectively 1,014 1,014
Additional paid-in capital 19,250,955 19,242,715
Retained earnings 3,650,833 4,408,249
Total stockholders' equity 22,902,802 23,651,978
Total liabilities and stockholders' equity $ 24,524,040 $ 26,629,283