XML 16 R2.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 3,945,658 $ 5,198,842
Accounts Receivable - net 3,743,430 3,716,701
Other Receivables 0 198,951
Inventories (Note 3) 4,765,455 3,781,515
Vendor Deposits (Note 4) 146,130 388,712
Prepaid Expenses 316,439 421,305
Total Current Assets 12,917,114 13,706,027
Property and Equipment - net (Note 5) 1,235,483 1,298,103
Other Assets:    
Intangible Assets - net (Note 6) 720,494 722,916
Operating Lease - Right of Use Asset (Note 7) 619,989 631,527
Capitalized Software Development Costs - net (Note 8) 41,902 52,377
Other Assets 516,230 358,935
Total Other Assets 1,898,614 1,765,755
Total Assets 16,051,211 16,769,885
Current Liabilities:    
Accounts Payable 2,046,667 1,501,469
Accrued Expenses and Other Current Liabilities (Note 13) 629,797 501,849
Customer Deposits 28,949 118,880
Current Portion of Long-Term Operating Lease 83,768 81,223
Total Current Liabilities 2,789,181 2,203,421
Long-Term Liabilities:    
Loan Payable (Note 15) 410,700 410,700
Long-Term Operating Lease, Net of Current Portion (Note 7) 931,697 953,190
Total Long-Term Liabilities 1,342,397 1,363,890
Total Liabilities 4,131,577 3,567,311
Commitments and Contingencies 0 0
Stockholders' Equity:    
Common stock; par value $0.01 per share, 250,000,000 shares authorized: 16,811,513 and 16,761,513 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively. 168,115 167,615
Additional Paid-in Capital 52,369,899 52,142,399
Accumulated Deficit (40,619,018) (39,108,078)
Total Shareholders' Equity 11,919,634 13,202,574
Total Liabilities and Shareholders' Equity 16,051,211 16,769,885
Cumulative Convertible Series A Preferred Stock    
Stockholders' Equity:    
Cumulative Convertible Preferred Stock 638 638
Cumulative Convertible Series B Preferred Stock    
Stockholders' Equity:    
Cumulative Convertible Preferred Stock $ 0 $ 0