XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 25,008,688 $ 25,673,263
Accounts receivable, net 5,220,775 3,576,411
Inventories, net 4,946,034 6,237,419
Income taxes receivable 79,334 39,485
Other current assets 672,941 218,529
Total current assets 35,927,772 35,745,107
Property, plant, and equipment, net 11,980,357 12,653,856
Intangible and other assets, net 332,275 362,976
Total assets 48,240,404 48,761,939
Current liabilities:    
Accounts payable 2,738,389 3,500,301
Current portion of long-term debt 310,556 620,472
Accrued compensation 589,220 628,794
Dividends payable 57,613  
Accrued royalties to shareholders 772,142 122,239
Other accrued liabilities 1,465,334 1,065,943
Income taxes payable 28,297 29,471
Total current liabilities 5,961,551 5,967,220
Long-term debt, net of current maturities 3,913,663 4,143,267
Total liabilities 9,875,214 10,110,487
Commitments and contingencies - see Note 6      
Preferred stock $1 par value:    
Common stock, no par value      
Additional paid-in capital 58,674,220 57,284,670
Retained deficit (21,226,790) (19,634,770)
Common Shares in treasury - at cost (83,792)  
Total stockholders' equity 38,365,190 38,651,452
Total liabilities and stockholders' equity 48,240,404 48,761,939
Series I, Class B
    
Current liabilities:    
Dividends payable 12,938  
Preferred stock $1 par value:    
Preferred Stock 103,500 103,500
Series II, Class B
    
Current liabilities:    
Dividends payable 44,675  
Preferred stock $1 par value:    
Preferred Stock 178,700 178,700
Series III, Class B
    
Preferred stock $1 par value:    
Preferred Stock 130,245 130,245
Series IV, Class B
    
Preferred stock $1 par value:    
Preferred Stock 542,500 542,500
Series V, Class B
    
Preferred stock $1 par value:    
Preferred Stock $ 46,607 $ 46,607