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Condensed Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
   Cash and cash equivalents $ 2,913,339 $ 2,826,630
   Accounts receivable, net 1,441,258 1,699,696
   Inventories, net 5,250,413 5,409,047
   Prepaid expenses and other current assets 471,776 440,730
   Deferred cost on shipments to distributors 265,463 322,580
      Total current assets 10,342,249 10,698,683
Property and equipment:    
   Machinery and office equipment 2,826,675 2,700,759
   Computer equipment, software and website development 3,829,895 3,631,945
  6,656,570 6,332,704
   Accumulated depreciation (3,832,515) (3,299,503)
      Property and equipment, net 2,824,055 3,033,201
Intangible assets, net 1,463,897 1,559,369
Other long-term assets 248,715 249,715
Deferred tax assets 10,112,419 10,112,419
Operating lease right-of-use asset 2,729,479 3,088,087
      Total assets 27,720,814 28,741,474
Current liabilities:    
   Accounts payable and accrued expenses 1,358,104 1,605,231
   Accrued payroll and related expenses 758,041 579,974
   Deferred revenue on shipments to distributors 688,230 825,670
   Short term portion of deferred service revenue 19,243 19,885
   Subordinated convertible notes payable, net of discount 150,000 150,000
   Subordinated convertible notes payable, net of discount-related party 3,829,604 2,835,864
   Operating lease – current portion 516,609 483,161
      Total current liabilities 7,319,831 6,499,785
Long-term portion of deferred service revenue 14,718 12,813
Operating lease - long-term portion 2,424,805 2,808,872
   Total liabilities 9,759,354 9,321,470
Commitments and contingencies
Stockholders’ equity:    
Common Stock, Value, Issued 7,605 7,336
   Additional paid-in capital 69,204,903 68,383,230
   Treasury stock (1,037,988) (1,037,988)
   Accumulated deficit (50,213,060) (47,932,574)
      Total stockholders’ equity 17,961,460 19,420,004
         Total liabilities and stockholders’ equity $ 27,720,814 $ 28,741,474