XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 447,000 $ 646,000
Accounts receivable, net of allowance for doubtful accounts of $43,000 at June 30, 2014, and $58,000 at December 31, 2013 742,000 875,000
Inventory, net of allowance of $413,000 at June 30, 2014 and $399,000 at December 31, 2013 1,929,000 2,071,000
Current portion of deferred financing 56,000 51,000
Prepaid expenses and other current assets 95,000 96,000
Total current assets 3,269,000 3,739,000
Property, plant and equipment, net 1,040,000 1,090,000
Deferred finance costs 20,000 80,000
Patents 47,000 43,000
Other assets 14,000 14,000
Total assets 4,390,000 4,966,000
Current liabilities    
Accounts payable 462,000 597,000
Accrued expenses and other current liabilities 224,000 314,000
Wages payable 250,000 233,000
Line of credit, net 769,000 987,000
Current portion of long-term debt, net 886,000 1,226,000
Total current liabilities 2,591,000 3,357,000
Other liabilities 68,000 147,000
Related party note 124,000 124,000
Long-term debt 257,000 0
Total liabilities 3,040,000 3,628,000
COMMITMENTS AND CONTINGENCIES      
Stockholders' equity:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding at June 30, 2014 and December 31, 2013      
Common stock; par value $.01 per share; 50,000,000 shares authorized; 23,168,155 issued and outstanding at June 30, 2014 and 22,959,822 issued and outstanding at December 31, 2013 232,000 229,000
Additional paid-in capital 20,282,000 20,241,000
Accumulated deficit (19,164,000) (19,132,000)
Total stockholders' equity 1,350,000 1,338,000
Total liabilities and stockholders' equity $ 4,390,000 $ 4,966,000