Annual report pursuant to Section 13 and 15(d)

Income Taxes - Deferred Tax Assets and Liabilities (Details)

v3.19.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Deferred income tax assets:    
Sale leaseback deferred gain $ 1,310,850 $ 1,382,270
Inventory valuation reserves 174,377 209,745
Allowance for doubtful accounts 35,955 7,944
Inventory capitalization 1,500,710 943,203
Environmental reserves 0 124,029
Warranty accrual 8,084 8,132
Deferred compensation 28,090 36,617
Accrued bonus 910,824 483,238
Accrued expenses 22,957 24,749
State net operating loss carryforwards 1,934,071 2,069,258
Equity security mark to market 622,189 3,248
Straight line lease 230,841 123,570
Other 507,997 352,520
Total deferred income tax assets 7,286,945 5,768,523
Valuation allowance (1,765,993) (2,087,860)
Total net deferred income tax assets 5,520,952 3,680,663
Deferred income tax liabilities:    
Tax over book depreciation and amortization 5,120,533 3,971,816
Prepaid expenses 377,498 174,322
Interest rate swap 103,708 87,016
Other 172,201 83,419
Total deferred income tax liabilities 5,773,940 4,316,573
Deferred income taxes $ (252,988) $ (635,910)