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Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 156,000 $ 158,000
Accounts receivable, net of allowance for doubtful accounts of $49,000 at December 31, 2016 and $50,000 at December 31, 2015 556,000 672,000
Inventory, net of allowance of $449,000 at December 31, 2016 and $432,000 at December 31, 2015 1,582,000 1,746,000
Prepaid expenses and other current assets 92,000 40,000
Total current assets 2,386,000 2,616,000
Property, plant and equipment, net 824,000 910,000
Patents, net 93,000 67,000
Other assets 21,000 14,000
Deferred finance costs - line of credit, net 47,000 79,000
Total assets 3,371,000 3,686,000
Current liabilities    
Accounts payable 304,000 373,000
Accrued expenses and other current liabilities 276,000 212,000
Wages payable 299,000 292,000
Line of credit 639,000 777,000
Current portion of long-term debt 75,000 75,000
Total current liabilities 1,593,000 1,729,000
Other liabilities 0 38,000
Related party note payable 0 124,000
Long-term debt, net of current portion and deferred finance costs 753,000 834,000
Total liabilities 2,346,000 2,725,000
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding 0 0
Common stock; par value $.01 per share; 50,000,000 shares authorized; 28,842,788 issued and outstanding as of December 31, 2016 and 26,032,930 issued and outstanding as of December 31, 2015 288,000 260,000
Additional paid-in capital 21,037,000 20,656,000
Accumulated deficit (20,300,000) (19,955,000)
Total stockholders’ equity 1,025,000 961,000
Total liabilities and stockholders’ equity $ 3,371,000 $ 3,686,000