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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 218,132 $ 76,194
Accounts receivable - net 978,408 1,573,600
Inventories 880,660 962,783
Prepaid expenses 784,650 688,259
Total current assets 2,861,850 3,300,836
Property and equipment:    
Equipment 2,899,611 2,872,494
Leasehold improvements 1,187,100 1,180,050
Construction and equipment in progress 374,525 119,340
Total 4,461,236 4,171,884
Less accumulated depreciation and amortization 1,689,520 1,399,435
Net property and equipment 2,771,716 2,772,449
Deferred tax asset 3,900,221 4,817,309
Deferred contract costs 817,763 698,935
Goodwill 278,466 278,466
Operating lease right of use assets 4,242,416 0
Other assets including long-term portion of notes receivable - net 4,232,655 3,808,957
Total assets 19,105,087 15,676,952
Current liabilities:    
Current portion of long-term notes payable to bank 871,429 871,429
Accounts payable and accrued expenses 731,059 523,315
Current portion of operating lease liability 333,763 0
Total current liabilities 1,936,251 1,394,744
Long-term obligations:    
Term loans payable to bank (net of current portion) 2,999,275 3,898,733
Convertible notes payable 1,501,282 1,539,204
Operating lease liabilities 4,016,728 0
Deferred contract income 817,763 698,935
Total long-term liabilities 9,335,048 6,136,872
Stockholders' equity:    
Common stock - no par value (40,000,000 shares authorized, 21,783,131 issued and outstanding as of December 31, 2018 and 22,215,512 issued and outstanding as of December 31, 2019) 24,858,311 24,739,482
Accumulated deficit (17,024,523) (16,594,146)
Total stockholders' equity 7,833,788 8,145,336
Total liabilities and stockholders' equity $ 19,105,087 $ 15,676,952