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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 5,351,000 $ 10,832,000
Accounts receivable, net 733,000 394,000
Inventory 62,000 187,000
Prepaid expenses and other current assets 366,000 321,000
Total current assets 6,512,000 11,734,000
Property and equipment, net 1,014,000 1,153,000
Security deposits 15,000 15,000
Total assets 7,541,000 12,902,000
Current liabilities:    
Accounts payable 51,000 242,000
Total accrued expenses 1,649,000 1,018,000
Note payable – related party 1,105,000 1,105,000
Other current liabilities 48,000 103,000
Total current liabilities 2,853,000 2,468,000
Other noncurrent liabilities 2,000 24,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding at September 30, 2016 or December 31, 2015
Common stock, $0.01 par value, 50,000,000 shares authorized, 10,790,422 and 10,635,454 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 108,000 106,000
Additional paid in capital 29,650,000 28,272,000
Accumulated deficit (25,072,000) (17,968,000)
Total stockholders’ equity 4,686,000 10,410,000
Total liabilities and stockholders’ equity $ 7,541,000 $ 12,902,000