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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Cash and Cash Equivalents $ 151,000 $ 341,000
Accounts receivable, net 500,000 1,142,000
Inventories 1,170,000 1,230,000
Other Current Assets 703,000 784,000
Assets, Current 2,524,000 3,497,000
Investment in affiliate 2,100,000 2,100,000
Property and Equipment, Net 5,000 6,000
Intangible Assets, Net 2,873,000 3,348,000
Goodwill 1,385,000 1,385,000
Other Assets 1,025,000 950,000
Total Assets 9,912,000 11,286,000
Accounts Payable 5,305,000 4,600,000
Accrued Liabilities 1,761,000 1,711,000
Accrued Payroll and Employee Compensation 1,714,000 1,717,000
Deferred Revenue 721,000 988,000
Debt, Related Party 500,000 500,000
Line of credit 389,000 100,000
Other Current Liabilities 103,000 23,000
Liabilities, Current 10,493,000 9,639,000
Series A redeemable preferred shares 6,832,000 6,571,000
Deferred Revenue, long-term 679,000 667,000
Long-term debt, related party 523,000 0
Other Non-current Liabilities 113,000 16,000
Total Liabilities 18,640,000 16,893,000
Commitments and Contingencies (Note 14)
Common shares, no par value; 2,303,088 and 2,219,141 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 183,870,000 183,524,000
Accumulated Other Comprehensive Loss (1,774,000) (1,816,000)
Accumulated Deficit (190,824,000) (187,315,000)
Total Shareholders' Deficit (8,728,000) (5,607,000)
Total Liabilities and Shareholders' Deficit $ 9,912,000 $ 11,286,000