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Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
   Cash and cash equivalents $ 2,826,630 $ 3,623,469
   Accounts receivable, net 1,699,696 2,659,861
   Inventories, net 5,409,047 5,601,691
   Prepaid expenses and other current assets 440,730 617,188
   Deferred cost on shipments to distributors 322,580 266,327
      Total current assets 10,698,683 12,768,536
Property and equipment:    
   Machinery and office equipment 2,700,759 1,533,087
   Computer equipment 3,631,945 2,715,121
     Property and equipment, gross 6,332,704 4,248,208
   Accumulated depreciation (3,299,503) (2,590,999)
      Property and equipment, net 3,033,201 1,657,209
Intangible assets, net 1,559,369 1,693,927
Other long-term assets 249,715 250,239
Deferred tax assets 10,112,419 8,668,419
Operating lease right-of-use asset 3,088,087 3,559,658
      Total assets 28,741,474 28,597,988
Current liabilities:    
   Accounts payable and accrued expenses 1,605,231 1,665,028
   Accrued payroll and related expenses 579,974 742,541
   Deferred revenue on shipments to distributors 825,670 594,793
   Short term portion of deferred service revenue 19,885 22,599
   Notes payable – current portion 125,000
   Subordinated convertible notes payable, net of discount 150,000 147,409
   Subordinated convertible notes payable, net of discount-related party 2,835,864 1,230,530
   Operating lease – current portion 483,161 444,529
      Total current liabilities 6,499,785 4,972,429
Long-term portion of operating lease 2,808,872 3,292,035
Long-term portion of deferred service revenue 12,813 11,767
   Total liabilities 9,321,470 8,276,231
Commitments and contingencies
Stockholders’ equity:    
Common Stock, Value, Issued 7,336 7,090
   Additional paid-in capital 68,383,230 67,157,650
   Treasury stock, at cost (359,250 and 266,291 shares at December 31, 2023 and December 31, 2022, respectively) (1,037,988) (829,563)
   Accumulated deficit (47,932,574) (46,013,420)
      Total stockholders’ equity 19,420,004 20,321,757
         Total liabilities and stockholders’ equity $ 28,741,474 $ 28,597,988