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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2014
Summary of Significant Accounting Policies  
Schedule Of Inventories

 

 

 

 

March 31,

 

December 31,

 

 

 

2014

 

2013

 

Raw materials

 

$

 103,000

 

$

 71,000

 

Work-in-process

 

19,000

 

12,000

 

Finished goods

 

285,000

 

224,000

 

 

 

$

 407,000

 

$

 307,000

Schedule Of property and equipment

 

 

 

 

March 31,

 

December 31,

 

 

 

2014

 

2013

 

Property and Equipment:

 

 

 

 

 

Production tooling, machinery and equipment

 

$

3,908,000

 

$

3,826,000

 

Office furniture and fixtures

 

260,000

 

260,000

 

Computer equipment and software

 

913,000

 

896,000

 

Web site

 

65,000

 

65,000

 

Leasehold improvements

 

616,000

 

616,000

 

Construction in-progress

 

19,000

 

34,000

 

 

 

5,781,000

 

5,697,000

 

Accumulated depreciation and amortization

 

(4,099,000

)

(3,944,000

)

Net Property and Equipment

 

$

1,682,000

 

$

1,753,000

 

Schedule Of Weighted Average Common Shares Outstanding

 

 

Three months ended March 31

 

2014

 

2013

 

Denominator for basic net income per share - weighted average shares

 

12,853,000

 

13,654,000

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

Stock options

 

238,000

 

30,000

 

Denominator for diluted net income per share - weighted average shares

 

13,091,000

 

13,684,000