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Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 1,884,123 $ 2,206,749
Receivables on government contracts 352,687 1,043,738
Prepaid expenses and other current assets 334,073 94,717
Total current assets 2,570,883 3,345,204
Property and equipment    
Operating lease-right to use asset 383,467
Equipment 389,923 357,796
Leasehold improvements 21,306 21,306
Furniture & fixtures 43,174 43,174
Less: accumulated depreciation (155,203) (109,484)
Property and equipment, net 682,667 312,792
Intangible assets 140,660 140,428
Less: accumulated amortization (91,106) (75,241)
Intangible assets, net 49,554 65,187
Deferred tax assets 32,453 34,623
Total assets 3,335,557 3,757,806
Liabilities and shareholders' equity    
Accrued payroll and payroll taxes 501,759 868,618
Accounts payable and accrued expenses 42,510 308,415
Accrued warranty expense 100,835 153,723
Lease obligation, current portion 124,354
Deferred revenue 35,173 39,824
Total current liabilities 804,631 1,370,580
Lease obligation, net of current portion 277,131
Other long-term liabilities 19,560
Total liabilities 1,081,762 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 35,588,775 and 35,568,775 shares, respectively 355,889 355,689
Capital in excess of par value 10,124,721 10,106,344
Accumulated deficit (8,226,815) (8,094,367)
Total shareholders' equity 2,253,795 2,367,666
Total liabilities and shareholders' equity $ 3,335,557 $ 3,757,806