XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,028,146 $ 887,140
Receivables on government contracts 419,440 1,162,423
Prepaid expenses and other current assets 69,058 31,888
Total current assets 1,516,644 2,081,451
Property and equipment    
Equipment 45,157 40,416
Furniture & fixtures 9,264 9,264
Less: accumulated depreciation (47,697) (42,038)
Property and equipment, net 6,724 7,642
Patents and trademarks 1,383 1,383
Less: accumulated amortization (1,035) (897)
Intangible assets, net 348 486
Deferred tax assets 82,000 23,000
Total assets 1,605,716 2,112,579
Liabilities and shareholders' equity    
Accrued payroll and payroll taxes 165,543 273,089
Accounts payable and accrued expenses 131,072 359,029
Accrued warranty expense 35,190 69,655
Total current liabilities 331,805 701,773
Long-term liabilities 12,476 15,456
Total liabilities 344,281 717,229
Commitments and contingencies (Note 8)      
Shareholders' equity    
Total shareholders' equity 1,180,985 1,314,900
Total liabilities and shareholders' equity 1,605,716 2,112,579
Redeemable Preferred Stock [Member]
   
Liabilities and shareholders' equity    
Preferred stock value 80,450 80,450
Series B Preferred Stock [Member]
   
Liabilities and shareholders' equity    
Preferred stock value 11,024 11,024
Common stock, par value $.01 per share, authorized 60,000,000 shares, issued and outstanding 32,011,753 shares at December 31, 2013 and 2012 320,118 320,118
Capital in excess of par value 11,620,487 11,606,920
Accumulated deficit (10,780,094) (10,632,612)
Convertible Preferred Stock [Member]
   
Liabilities and shareholders' equity    
Preferred stock value 2,550 2,550
Series D Preferred Stock [Member]
   
Liabilities and shareholders' equity    
Preferred stock value $ 6,900 $ 6,900