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CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current    
Cash and cash equivalents $ 2,580,646 $ 2,498,738
Accounts receivable (Note 3) 2,006,012 1,954,877
Short term note receivable (Note 4) 500,000 0
Inventory (Note 5) 3,220,888 3,275,476
Prepaid expenses 325,333 243,342
Total 8,632,879 7,972,433
Property, equipment and leaseholds (Note 5) 3,756,391 3,791,109
Patents (Note 6) 99,937 100,623
Long term deposits (Note 7) 10,822 10,169
Deferred tax asset 1,891,518 2,268,296
Total Assets 14,391,547 14,142,630
Current    
Accounts payable and accrued liabilities 576,979 826,315
Deferred revenue 35,581 40,451
Taxes payable 661,037 293,238
Short term line of credit (Note 9) 750,000 200,000
Current portion of long term debt (Note 10) 201,193 201,193
Total 2,224,790 1,561,197
Long Term    
Loans (Note 10) 452,686 553,282
Total Liabilities 2,667,476 2,114,479
Capital stock    
Authorized 50,000,000 Common shares with a par value of $0.001 each 1,000,000 Preferred shares with a par value of $0.01 each Issued and outstanding 11,427,991 common shares at June 30, 2016 (December 31, 2015: 13,177,991) 11,428 13,178
Capital in excess of par value 14,767,434 16,317,225
Other comprehensive income (1,271,368) (1,205,798)
Deficit (1,793,423) (3,096,454)
Total Stockholders' Equity 11,714,071 12,028,151
Total Liabilities and Stockholders' Equity $ 14,391,547 $ 14,142,630