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Condensed Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 97,000 $ 158,000
Accounts receivable, net of allowance for doubtful accounts of $50,000 at March 31, 2016 and December 31, 2015 789,000 672,000
Inventory, net of allowance of $453,000 at March 31, 2016 and $432,000 at December 31, 2015 1,621,000 1,746,000
Prepaid expenses and other current assets 90,000 40,000
Total current assets 2,597,000 2,616,000
Property, plant and equipment, net 887,000 910,000
Patents, net 69,000 67,000
Other assets 14,000 14,000
Deferred finance costs, net 71,000 79,000
Total assets 3,638,000 3,686,000
Current liabilities    
Accounts payable 470,000 373,000
Accrued expenses and other current liabilities 215,000 212,000
Wages payable 287,000 292,000
Line of credit 621,000 777,000
Current portion of long-term debt 75,000 75,000
Total current liabilities 1,668,000 1,729,000
Other liabilities 38,000 38,000
Related party note payable 124,000 124,000
Long-term debt, net of current portion 683,000 834,000
Total liabilities $ 2,513,000 $ 2,725,000
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding at March 31, 2016 and December 31, 2015 $ 0 $ 0
Common stock; par value $.01 per share; 50,000,000 shares authorized; 27,271,408 issued and outstanding at March 31, 2016 and 26,032,930 issued and outstanding at December 31, 2015 272,000 260,000
Additional paid-in capital 20,807,000 20,656,000
Accumulated deficit (19,954,000) (19,955,000)
Total stockholders’ equity 1,125,000 961,000
Total liabilities and stockholders’ equity $ 3,638,000 $ 3,686,000