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Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,319,006 $ 938,155
Accounts receivable, net 2,866,877 2,358,883
Inventories, net 1,537,439 1,326,090
Prepaid expenses and other current assets 259,464 87,556
Total current assets 5,982,786 4,710,684
Property and equipment:    
Machinery and office equipment 2,063,221 2,124,297
Computer equipment 945,054 1,049,234
Property and equipment, gross 3,008,275 3,173,531
Accumulated depreciation (2,444,392) (2,698,828)
Property and equipment, net 563,883 474,703
Goodwill 4,427,000 4,427,000
Other assets 75,918 75,918
Deferred tax assets 9,589,408
Total assets 20,638,995 9,688,305
Current liabilities:    
Accounts payable and accrued expenses 1,581,226 2,214,467
Accrued payroll and related expenses 632,931 602,888
Net deferred revenue on shipments to distributors 1,062,642 1,004,260
Customer deposit 640,440
Related party and other short term credit line notes payable 500,000
Related party convertible notes payable - current portion 752,625 380,696
Short term portion of deferred service revenue 47,776 85,578
Short term portion of capital leases and deferred rent 39,175 24,440
Total current liabilities 4,116,375 5,452,769
Related party convertible notes payable 371,929
Long term portion of deferred service revenue 25,610 39,800
Long term portion of capital leases and deferred rent 327,078 305,016
Deferred tax liability 175,214
Total liabilities 4,469,063 6,344,728
Stockholders’ equity:    
Common stock, $0.001 par value: Authorized – 20,000,000 shares, Issued and outstanding – 5,878,405 shares at December 31, 2016 and 5,620,455 shares at December 31, 2015 5,878 5,620
Additional paid-in capital 62,889,851 62,210,842
Accumulated deficit (46,725,797) (58,872,885)
Total stockholders’ equity 16,169,932 3,343,577
Total liabilities and stockholders’ equity $ 20,638,995 $ 9,688,305