XML 14 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,053,915 $ 938,155
Accounts receivable, net 2,445,307 2,358,883
Inventories, net 879,245 1,326,090
Prepaid expenses and other current assets 198,426 87,556
Total current assets 4,576,893 4,710,684
Property and equipment:    
Machinery and office equipment 2,172,722 2,124,297
Computer equipment 977,600 1,049,234
Property and equipment, gross 3,150,322 3,173,531
Accumulated depreciation (2,709,684) (2,698,828)
Property and equipment, net 440,638 474,703
Goodwill 4,427,000 4,427,000
Other assets 80,918 75,918
Total assets 9,525,449 9,688,305
Current liabilities:    
Accounts payable and accrued expenses 1,593,986 2,214,467
Accrued payroll and related expenses 560,505 602,888
Net deferred revenue on shipments to distributors 1,174,593 1,004,260
Customer deposit 640,440
Related party short term notes payable 500,000
Related party convertible notes payable-current portion 380,696 380,696
Short term portion of deferred service revenue 66,770 85,578
Short term portion of capital leases and deferred rent 16,168 24,440
Total current liabilities 3,792,718 5,452,769
Related party convertible notes payable 371,929 371,929
Long term portion of deferred service revenue 33,516 39,800
Long term portion of capital leases and deferred rent 300,698 305,016
Deferred income taxes 191,183 175,214
Total liabilities 4,690,044 6,344,728
Stockholders’ equity:    
Common stock, $0.001 par value: Authorized – 20,000,000 shares, Issued and outstanding – 5,842,462 shares at June 30, 2016 and 5,620,455 shares at December 31, 2015 5,842 5,620
Additional paid-in capital 62,637,196 62,210,842
Accumulated deficit (57,807,633) (58,872,885)
Total stockholders’ equity 4,835,405 3,343,577
Total liabilities and stockholders’ equity $ 9,525,449 $ 9,688,305