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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current    
Cash and cash equivalents $ 1,125,605 $ 747,517
Accounts receivable (Note 3) 2,203,179 2,322,373
Inventory (Note 4) 3,622,137 3,467,438
Prepaid expenses 304,030 123,511
Total 7,254,951 6,660,839
Property, equipment and leaseholds (Note 5) 4,213,172 4,764,900
Patents (Note 6) 119,548 137,404
Long term deposits (Note 7) 5,186 4,425
Deferred tax asset 2,486,751 2,667,286
Total Assets 14,079,608 14,234,854
Current    
Accounts payable and accrued liabilities 286,341 815,141
Deferred revenue 138,454 44,593
Taxes payable 450,613 140,842
Short term line of credit (Note 8) 400,000 750,000
Current portion of long term debt (Note 9) 347,031 358,214
Total 1,622,439 2,108,790
Long Term    
Loans (Note 9) 653,878 754,475
Total Liabilities 2,276,317 2,863,265
Stockholders' Equity    
Authorized 50,000,000 Common shares with a par value of $0.001 each 1,000,000 Preferred shares with a par value of $0.01 each Issued and outstanding 13,169,991 common shares at June 30, 2015 and December 31, 2014 13,170 13,170
Capital in excess of par value 16,262,312 16,227,121
Other comprehensive income (693,978) (267,552)
Deficit (3,778,213) (4,601,150)
Total Stockholders' Equity 11,803,291 11,371,589
Total Liabilities and Stockholders' Equity $ 14,079,608 $ 14,234,854
Commitments (Note 13)