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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 3,691,783 $ 10,554,464
Accounts receivable, net of allowance for doubtful accounts of $52,000 at June 30, 2017 and December 31, 2016, respectively 4,671,627 3,383,729
Inventories, net 4,993,951 3,335,188
Prepaid expenses and other current assets 777,688 840,145
TOTAL CURRENT ASSETS 14,135,049 18,113,526
FIXED ASSETS, net of accumulated depreciation 2,093,494 1,709,321
OTHER ASSETS:    
Goodwill 1,571,104 0
Intangible assets, net 1,588,968 0
Deposits on manufacturing equipment 51,573 31,900
Deposits and other assets 156,088 720,489
TOTAL ASSETS 19,596,276 20,575,236
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 3,701,436 3,013,133
Deferred revenue 161,356 392,517
TOTAL CURRENT LIABILITIES 3,862,792 3,405,650
OTHER LIABILITIES:    
Deferred tax liability 335,990 0
TOTAL LIABILITIES 4,198,782 3,405,650
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Preferred stock - 10,000,000 shares authorized; none outstanding 0 0
Common stock - $.01 par value; 100,000,000 shares authorized; 12,299,122 and 12,026,847 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 122,991 120,268
Additional paid-in capital 62,611,394 60,721,783
Accumulated other comprehensive loss 124,241 0
Accumulated deficit (47,461,132) (43,672,465)
TOTAL STOCKHOLDERS' EQUITY 15,397,494 17,169,586
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 19,596,276 $ 20,575,236