XML 12 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 15,000 $ 93,000
Accounts receivable, net of allowance for doubtful accounts of $50,000 at June 30, 2012, and $66,000 at December 31, 2011 1,159,000 883,000
Inventory, net of allowance for slow moving and obsolete inventory of $449,000 at June 30, 2012 and $401,000 at December 31, 2011 3,390,000 3,239,000
Prepaid expenses and other current assets 68,000 61,000
Total current assets 4,632,000 4,276,000
Property, plant and equipment, net 1,252,000 1,304,000
Debt issuance costs, net 3,000 26,000
Patents 23,000 0
Other assets 30,000 30,000
Total assets 5,940,000 5,636,000
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,384,000 631,000
Accrued expenses and other current liabilities 139,000 217,000
Wages payable 232,000 264,000
Line of credit 377,000 397,000
Current portion of long-term debt 1,420,000 872,000
Current portion of unearned grant 10,000 10,000
Total current liabilities 3,562,000 2,391,000
Other liabilities 144,000 143,000
Long-term debt 0 608,000
Related party note 124,000 124,000
Total liabilities 3,830,000 3,266,000
COMMITMENTS AND CONTINGENCIES      
Stockholders' equity:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding at June 30, 2012 and December 31, 2011      
Common stock; par value $.01 per share; 50,000,000 shares authorized; 21,744,768 issued and outstanding at June 30, 2012 and December 31, 2011 217,000 217,000
Additional paid-in capital 19,409,000 19,386,000
Accumulated deficit (17,516,000) (17,233,000)
Total stockholders' equity 2,110,000 2,370,000
Total liabilities and stockholders' equity $ 5,940,000 $ 5,636,000