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Consolidated Balance Sheet (unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 5,778,036 $ 3,196,831
Short term investments 5,000,000 5,000,000
Accounts receivable, net 1,847,372 3,236,917
Income tax receivable 244,720 244,720
Deferred tax asset 1,049,388 1,309,801
Prepaid expenses and other current assets 167,330 98,234
Total current assets 14,086,846 13,086,503
Deferred royalty buy-down 2,750,000 1,250,000
Deferred tax assets - long term 1,738,154 1,738,154
Patent costs, net 177,471 190,416
Total assets 18,752,471 16,265,073
Current liabilities:    
Accounts payable and accrued expenses 2,281,176 601,002
Accrued tax liability 153,060 0
Deferred revenue 345,107 437,099
Accrued liabilities of discontinued operations 78,138 78,138
Total current liabilities 2,857,481 1,116,239
Long-term deferred revenue 259,238 276,520
Stockholders' equity:    
Series A Preferred stock, $.50 par value, 700,000 shares authorized; none outstanding 0 0
Common stock, $.001 par value; 10,000,000 shares authorized ; 6,554,743 and 6,530,743 shares issued at March 31, 2012 and December 31, 2011, respectively 6,555 6,531
Additional paid-in capital 20,269,082 20,049,196
Accumulated deficit (2,549,515) (3,291,904)
Treasury stock, 206,851 and 194,604 shares at cost at March 31, 2012 and December 31, 2011, respectively (2,090,370) (1,891,509)
Total stockholders' equity 15,635,752 14,872,314
Total liabilities and stockholders' equity $ 18,752,471 $ 16,265,073