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Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,616,834 $ 2,206,749
Receivables on government contracts 1,301,712 1,043,738
Prepaid expenses and other current assets 74,621 94,717
Total current assets 2,993,167 3,345,204
Property and equipment:    
Operating lease-right of use asset 470,648
Equipment 388,638 357,796
Leasehold improvements 21,306 21,306
Furniture & fixtures 43,174 43,174
Less: accumulated depreciation (124,698) (109,484)
Property and equipment, net 770,558 312,792
Intangible assets 140,428 140,428
Less: accumulated amortization (80,529) (75,241)
Intangible assets, net 59,899 65,187
Deferred tax assets 37,707 34,623
Total assets 3,861,331 3,757,806
Current liabilities:    
Accrued payroll and payroll taxes 559,269 868,618
Accounts payable and accrued expenses 204,419 308,415
Accrued warranty expense 146,950 153,723
Lease obligation, current portion 119,880
Deferred revenue 37,221 39,824
Total current liabilities 1,067,739 1,370,580
Lease obligation, net of current portion 340,581
Other long-term liabilities 19,560
Total liabilities 1,408,320 1,390,140
Shareholders' equity:    
Preferred stock, convertible, par value $.01 per share, authorized 5,000,000 shares, none issued and outstanding
Common stock, par value $.01 per share, authorized 60,000,000 shares, issued and outstanding 35,568,775 and 35,568,775 shares, respectively 355,689 355,689
Capital in excess of par value 10,110,883 10,106,344
Accumulated deficit (8,013,561) (8,094,367)
Total shareholders' equity 2,453,011 2,367,667
Total liabilities and shareholders' equity $ 3,861,331 $ 3,757,806