XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 646,000 $ 89,000
Accounts receivable, net of allowance for doubtful accounts of $58,000 at December 31, 2013 and $60,000 at December 31, 2012 875,000 810,000
Inventory, net of allowance of $399,000 at December 31, 2013 and $261,000 at December 31, 2012 2,071,000 2,571,000
Current portion of deferred financing 51,000 0
Prepaid expenses and other current assets 96,000 50,000
Total current assets 3,739,000 3,520,000
Property, plant and equipment, net 1,090,000 1,192,000
Deferred finance costs 80,000 29,000
Patents, net 43,000 24,000
Other assets 14,000 14,000
Total assets 4,966,000 4,779,000
Current liabilities    
Accounts payable 597,000 1,016,000
Accrued expenses and other current liabilities 314,000 174,000
Wages payable 233,000 231,000
Line of credit, net 987,000 321,000
Current portion of long-term debt, net 1,226,000 1,404,000
Total current liabilities 3,357,000 3,146,000
Other liabilities 147,000 145,000
Related party note 124,000 124,000
Total liabilities 3,628,000 3,415,000
COMMITMENTS AND CONTINGENCIES      
Stockholders' equity:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding at December 31, 2013 and 2012      
Common stock; par value $.01 per share; 50,000,000 shares authorized; 22,959,822 issued and outstanding as of December 31, 2013 and 21,833,003 issued and outstanding at December 31, 2012 229,000 218,000
Additional paid-in capital 20,241,000 19,490,000
Accumulated deficit (19,132,000) (18,344,000)
Total stockholders' equity 1,338,000 1,364,000
Total liabilities and stockholders' equity $ 4,966,000 $ 4,779,000