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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 3,213,000 $ 8,482,000
Accounts receivable, net 8,252,000 8,680,000
Inventories, net 15,265,000 14,029,000
Investments held to maturity 5,975,000 5,731,000
Prepaid expenses and other current assets 1,992,000 1,560,000
Total current assets 34,697,000 38,482,000
Right of use assets, operating leases 504,000 742,000
Property and equipment, net 2,155,000 1,902,000
Intangible assets, net 3,052,000 3,866,000
Total assets 40,408,000 44,992,000
Current liabilities    
Accounts payable 3,211,000 3,183,000
Accrued expenses 1,675,000 1,578,000
Notes payable 230,000
Operating lease obligations, current 513,000 463,000
Customer deposits and deferred revenue 1,983,000 1,490,000
Total current liabilities 7,612,000 6,714,000
Operating lease obligations, net of current portion 376,000 755,000
Deferred tax liabilities 430,000 546,000
Total liabilities 8,418,000 8,015,000
Commitments and contingencies (See Note 12)
Stockholders’ equity    
Series A Preferred stock, $0.00001 par value per share: -0- shares authorized on September 30, 2024, and December 31, 2023, respectively; -0- shares issued and outstanding on September 30, 2024, and December 31, 2023, respectively.
Common stock, $0.00001 par value per share, 100,000,000 shares authorized on September 30, 2024, and December 31, 2023, respectively: Common stock, 2,464,398 and 2,439,923 were issued, and 2,464,265 and 2,439,790 were outstanding on September 30, 2024, and December 31, 2023, respectively.
Additional paid-in capital 348,548,000 347,507,000
Accumulated other comprehensive loss (827,000) (1,027,000)
Treasury stock, at cost – 133 shares as of September 30, 2024, and December 31, 2023, respectively (277,000) (277,000)
Accumulated deficit (315,454,000) (309,226,000)
Total stockholders’ equity 31,990,000 36,977,000
Total liabilities and stockholders’ equity $ 40,408,000 $ 44,992,000