XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 957,723 $ 957,022
Accounts receivable, net 2,164,884 2,791,549
Inventories 1,906,684 1,461,052
Prepaid expenses and other current assets 167,356 218,862
Total current assets 5,196,647 5,428,485
Property and equipment:    
Machinery and office equipment 2,266,705 2,212,178
Computer equipment 1,353,323 1,324,696
Property and equipment, gross 3,620,028 3,536,874
Accumulated depreciation (3,280,994) (3,225,231)
Property and equipment, net 339,034 311,643
Intangible assets, net 135,000 150,000
Goodwill 4,427,000 4,427,000
Other assets 74,243 80,076
Total assets 10,171,924 10,397,204
Current liabilities:    
Accounts payable 3,954,184 3,266,764
Accrued expenses 94,554 94,554
Accrued payroll and related expenses 496,585 564,980
Bank line of credit 854,725 1,109,600
Deferred income on shipments to distributors 1,642,804 1,571,544
Short term portion of deferred service revenue 243,809 247,174
Short term portion of capital leases and deferred rent 14,088 17,731
Total current liabilities 7,300,749 6,872,347
Long term portion of deferred service revenue 189,406 167,476
Long term portion of capital leases and deferred rent 180,570 184,341
Deferred income taxes 55,440 47,455
Total liabilities 7,726,165 7,271,619
Stockholders’ equity:    
Common stock, $0.001 par value: Authorized shares - 10,000,000, Issued and outstanding - 4,844,397 shares at March 31, 2012 and 4,832,079 shares at December 31, 2011 4,844 4,832
Additional paid-in capital 60,516,788 60,324,852
Accumulated deficit (58,075,873) (57,204,099)
Total stockholders’ equity 2,445,759 3,125,585
Total liabilities and stockholders’ equity $ 10,171,924 $ 10,397,204