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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and Cash Equivalents $ 1,415,000 $ 630,000
Accounts Receivable, Net of Allowance for Doubtful Accounts of $763,000 and $494,000, respectively 6,749,000 5,464,000
Inventory 30,887,000 31,141,000
Prepaid Expenses and Other Current Assets 349,000 214,000
Prepaid Taxes 49,000 49,000
Assets Held for Sale 10,412,000 10,082,000
Total Current Assets 49,861,000 47,580,000
Property and Equipment, Net 9,529,000 10,050,000
Capitalized Engineering Costs - Net of Accumulated Amortization of $5,525,000 and $5,380,000, respectively 2,207,000 2,188,000
Deferred Financing Costs, Net, Deposits 737,000 665,000
Goodwill 272,000 272,000
TOTAL ASSETS 62,606,000 60,755,000
Current Liabilities    
Notes Payable and Capitalized Lease Obligations - Current Portion 24,339,000 23,131,000
Notes Payable - Related Party - Current Portion 1,542,000 262,000
Accounts Payable and Accrued Expenses 10,750,000 10,872,000
Deferred Gain on Sale - Current Portion 38,000 38,000
Deferred Revenue 938,000 931,000
Liabilities Directly Associated with Assets Held for Sale 2,797,000 2,795,000
Income Taxes Payable 20,000 20,000
Total Current Liabilities 40,424,000 38,049,000
Long Term Liabilities    
Notes Payable and Capitalized Lease Obligations - Net of Current Portion 1,533,000 1,798,000
Notes Payable – Related Party – Net of Current Portion 1,616,000 1,650,000
Deferred Gain on Sale - Net of Current Portion 285,000 295,000
Deferred Rent 1,189,000 1,197,000
TOTAL LIABILITIES 45,047,000 42,989,000
Commitments and Contingencies
Stockholders' Equity    
Preferred Stock, par value $.001 - Authorized 3,000,000 shares, Designated as Series A Convertible Preferred Stock – par value $0.001, Authorized and outstanding: 0 at March 31, 2018 and December 31, 2017. 0 0
Common Stock - Par Value $.001 - Authorized 50,000,000 Shares, 26,205,341 and 25,213,805 Shares Issued and Outstanding as of March 31, 2018 and December 31, 2017, respectively 26,000 25,000
Additional Paid-In Capital 72,534,000 71,272,000
Accumulated Deficit (55,001,000) (53,531,000)
TOTAL STOCKHOLDERS' EQUITY 17,559,000 17,766,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 62,606,000 $ 60,755,000