XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 4,017,531 $ 3,383,737
Short-term investments 7,966,964 5,120,000
Accounts receivable, net 3,903,942 5,082,360
Income tax receivable 51,070 51,070
Deferred tax assets 79,482 88,910
Prepaid expenses and other current assets 411,110 149,724
Total current assets 16,430,099 13,875,801
Deferred royalty buy-down 2,750,000 2,750,000
Deferred tax assets - long term 1,492,509 1,484,141
Patent costs, net 248,160 280,322
Total assets 20,920,768 18,390,264
Current liabilities:    
Accounts payable and accrued expenses 660,560 512,866
Deferred tax liability 382,704 0
Deferred revenue 78,328 133,524
Accrued liabilities of discontinued operations 78,138 78,138
Total current liabilities 1,199,730 724,528
Long-term deferred revenue 172,825 207,390
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 shares issued at June 30, 2013 and December 31, 2012, respectively 6,625 6,625
Additional paid-in capital 20,794,154 20,688,706
Retained earnings (deficit) 2,070,441 (310,829)
Treasury stock, 285,352 and 260,632 shares at cost at June 30, 2013 and December 31, 2012, respectively (3,323,007) (2,926,156)
Total stockholders' equity 19,548,213 17,458,346
Total liabilities and stockholders' equity $ 20,920,768 $ 18,390,264