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Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 2,134,411 $ 1,319,006
Accounts receivable, net 3,090,122 2,866,877
Inventories, net 2,234,148 1,537,439
Prepaid expenses and other current assets 506,993 259,464
Deferred cost on shipments to distributors 202,009 947,799
Total current assets 8,167,683 6,930,585
Property and equipment:    
Machinery and office equipment 2,109,160 2,063,221
Computer equipment 838,849 945,054
Property and equipment, gross 2,948,009 3,008,275
Accumulated depreciation (2,455,493) (2,444,392)
Property and equipment, net 492,516 563,883
Goodwill 4,427,000 4,427,000
Other assets 64,278 75,918
Deferred tax assets 8,642,325 9,589,408
Total assets 21,793,802 21,586,794
Current liabilities:    
Accounts payable and accrued expenses 1,581,155 1,581,226
Accrued payroll and related expenses 605,952 632,931
Deferred revenue on shipments to distributors 464,250 2,010,441
Related party convertible notes payable 752,625 752,625
Short term portion of deferred service revenue 39,992 47,776
Short term portion of capital leases and deferred rent 48,610 39,175
Total current liabilities 3,492,584 5,064,174
Long term portion of deferred service revenue 32,974 25,610
Long term portion of capital leases and deferred rent 302,596 327,078
Total liabilities 3,828,154 5,416,862
Stockholders’ equity:    
Common stock, $0.001 par value: Authorized – 20,000,000 shares, Issued and outstanding – 5,973,413 shares at June 30, 2017 and 5,878,405 shares at December 31, 2016 5,973 5,878
Additional paid-in capital 63,306,513 62,889,851
Accumulated deficit (45,346,838) (46,725,797)
Total stockholders’ equity 17,965,648 16,169,932
Total liabilities and stockholders’ equity $ 21,793,802 $ 21,586,794