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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 193,000 $ 64,000
Accounts receivable 523,000 745,000
Inventories 45,000 45,000
Prepaid expenses 118,000 75,000
Total current assets 879,000 929,000
Property and equipment, net 262,000 308,000
Other assets 39,000 40,000
TOTAL ASSETS 1,180,000 1,277,000
Current Liabilities:    
Accounts payable and accrued expenses 911,000 896,000
Dividends payable 338,000 303,000
Obligations under capital lease, current portion 119,000 139,000
Deferred revenue 67,000 395,000
Total current liabilities 1,435,000 1,733,000
Loan payable to officer 3,465,000 2,885,000
Obligations under capital lease, noncurrent portion 45,000 61,000
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.01 par value: Authorized shares — 80,000, Issued shares — 12,808 as of March 31, 2017 and 12,758 as of December 31, 2016 Outstanding shares — 12,798 as of March 31, 2017 and 12,748 as of December 31, 2016 128,000 128,000
Common stock held in treasury, at cost – 10 shares (362,000) (362,000)
Additional paid-in capital 56,583,000 56,595,000
Accumulated deficit (61,850,000) (61,499,000)
Accumulated other comprehensive loss (107,000) (107,000)
Total stockholders’ deficit (3,765,000) (3,402,000)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 1,180,000 1,277,000
Series 1 [Member]    
Stockholders’ deficit:    
Preferred stock 707,000 707,000
Series 2 [Member]    
Stockholders’ deficit:    
Preferred stock 724,000 724,000
Series 3 [Member]    
Stockholders’ deficit:    
Preferred stock $ 412,000 $ 412,000