XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 670,346 $ 606,255
Accounts receivable, net 1,708,446 1,427,590
Inventories 695,847 1,105,088
Prepaid expenses and other current assets 182,309 93,647
Total current assets 3,256,948 3,232,580
Property and equipment:    
Machinery and office equipment 1,926,287 1,918,187
Computer equipment 1,033,985 1,059,943
Property and equipment, gross 2,960,272 2,978,130
Accumulated depreciation (2,722,076) (2,683,193)
Property and equipment, net 238,196 294,937
Intangible assets, net 15,000 30,000
Goodwill 4,427,000 4,427,000
Other assets 117,518 117,518
Total assets 8,054,662 8,102,035
Current liabilities:    
Accounts payable and accrued expenses 3,585,350 3,524,148
Accrued payroll and related expenses 528,986 580,665
Bank line of credit 814,571 763,487
Deferred income on shipments to distributors 904,729 1,006,057
Related party and other short term notes payable 650,000 650,000
Related party convertible notes payable 777,625 777,625
Short term portion of deferred service revenue 165,116 172,474
Short term portion of capital leases and deferred rent 23,243 22,818
Total current liabilities 7,449,620 7,497,274
Long term portion of deferred service revenue 101,968 95,049
Long term portion of capital leases and deferred rent 269,557 265,002
Deferred income taxes 119,319 111,334
Total liabilities 7,940,464 7,968,659
Stockholders’ equity:    
Common stock, $0.001 par value: Authorized – 20,000,000 shares, Issued and outstanding – 4,904,563 shares at March 31, 2014 and 4,867,063 shares at December 31, 2013 4,905 4,867
Additional paid-in capital 61,303,391 61,251,183
Accumulated deficit (61,194,098) (61,122,674)
Total stockholders’ equity 114,198 133,376
Total liabilities and stockholders’ equity $ 8,054,662 $ 8,102,035