XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 3,823,860 $ 3,196,831
Short-term investments 5,190,000 5,000,000
Accounts receivable, net 3,205,394 3,236,917
Income tax receivable 71,132 244,720
Deferred tax assets 637,399 1,309,801
Prepaid expenses and other current assets 161,167 98,234
Total current assets 13,088,952 13,086,503
Deferred royalty buy-down 2,750,000 1,250,000
Deferred tax assets - long term 1,791,146 1,738,154
Patent costs, net 210,684 190,416
Total assets 17,840,782 16,265,073
Current liabilities:    
Accounts payable and accrued expenses 680,406 601,002
Deferred revenue 161,122 437,099
Accrued liabilities of discontinued operations 78,138 78,138
Total current liabilities 919,666 1,116,239
Long-term deferred revenue 224,673 276,520
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 ; 6,625,168 and 6,530,743 shares issued at September 30, 2012 and December 31, 2011, respectively 6,625 6,531
Additional paid-in capital 20,667,613 20,049,196
Accumulated deficit (1,411,785) (3,291,904)
Treasury stock, 233,551 and 194,604 shares at cost at September 30, 2012 and December 31, 2011, respectively (2,566,010) (1,891,509)
Total stockholders' equity 16,696,443 14,872,314
Total liabilities and stockholders' equity $ 17,840,782 $ 16,265,073