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Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 158,000 $ 352,000
Accounts receivable, net of allowance for doubtful accounts of $50,000 at December 31, 2015 and $47,000 at December 31, 2014 672,000 814,000
Inventory, net of allowance of $432,000 at December 31, 2015 and $324,000 at December 31, 2014 1,746,000 1,722,000
Current portion of deferred financing 0 43,000
Prepaid expenses and other current assets 40,000 85,000
Total current assets 2,616,000 3,016,000
Property, plant and equipment, net 910,000 983,000
Patents, net 67,000 65,000
Other assets 14,000 14,000
Deferred finance costs, net 190,000 0
Total assets 3,797,000 4,078,000
Current liabilities    
Accounts payable 373,000 410,000
Accrued expenses and other current liabilities 212,000 192,000
Wages payable 292,000 264,000
Line of credit 777,000 979,000
Current portion of long-term debt 75,000 858,000
Total current liabilities 1,729,000 2,703,000
Other liabilities 38,000 68,000
Related party note payable 124,000 124,000
Long-term debt, net of current portion 945,000 213,000
Total liabilities $ 2,836,000 $ 3,108,000
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding $ 0 $ 0
Common stock; par value $.01 per share; 50,000,000 shares authorized; 26,032,930 issued and outstanding as of December 31, 2015, and 23,648,315 issued and outstanding as of December 31, 2014 260,000 236,000
Additional paid-in capital 20,656,000 20,356,000
Accumulated deficit (19,955,000) (19,622,000)
Total stockholders’ equity 961,000 970,000
Total liabilities and stockholders’ equity $ 3,797,000 $ 4,078,000