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Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 2,867,023 $ 1,319,006
Accounts receivable, net 3,413,897 2,866,877
Inventories, net 2,246,289 1,537,439
Prepaid expenses and other current assets 445,946 259,464
Deferred cost on shipments to distributors 241,523 947,799
Total current assets 9,214,678 6,930,585
Property and equipment:    
Machinery and office equipment 2,112,111 2,063,221
Computer equipment 854,476 945,054
Property and equipment, gross 2,966,587 3,008,275
Accumulated depreciation (2,442,573) (2,444,392)
Property and equipment, net 524,014 563,883
Goodwill 4,427,000 4,427,000
Other assets 63,037 75,918
Deferred tax assets 8,329,850 9,589,408
Total assets 22,558,579 21,586,794
Current liabilities:    
Accounts payable and accrued expenses 1,108,264 1,581,226
Accrued payroll and related expenses 635,928 632,931
Deferred revenue on shipments to distributors 633,554 2,010,441
Related party convertible notes payable 752,625
Short term portion of deferred service revenue 34,298 47,776
Short term portion of capital leases and deferred rent 53,878 39,175
Total current liabilities 2,465,922 5,064,174
Long term portion of deferred service revenue 30,339 25,610
Long term portion of capital leases and deferred rent 285,155 327,078
Total liabilities 2,781,416 5,416,862
Stockholders’ equity:    
Common stock, $0.001 par value: Authorized – 20,000,000 shares, Issued and outstanding – 6,982,869 shares at September 30, 2017 and 5,878,405 shares at December 31, 2016 6,983 5,878
Additional paid-in capital 64,702,918 62,889,851
Accumulated deficit (44,932,738) (46,725,797)
Total stockholders’ equity 19,777,163 16,169,932
Total liabilities and stockholders’ equity $ 22,558,579 $ 21,586,794