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Condensed Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 136,000 $ 156,000
Accounts receivable, net of allowance for doubtful accounts of $49,000 at March 31, 2017 and December 31, 2016 611,000 556,000
Inventory, net of allowance of $470,000 at March 31, 2017 and $449,000 at December 31, 2016 1,503,000 1,582,000
Prepaid expenses and other current assets 63,000 92,000
Total current assets 2,313,000 2,386,000
Property, plant and equipment, net 805,000 824,000
Patents, net 100,000 93,000
Other assets 21,000 21,000
Deferred finance costs - line of credit, net 39,000 47,000
Total assets 3,278,000 3,371,000
Current liabilities    
Accounts payable 304,000 304,000
Accrued expenses and other current liabilities 256,000 276,000
Wages payable 287,000 299,000
Line of credit 750,000 639,000
Current portion of long-term debt 75,000 75,000
Total current liabilities 1,672,000 1,593,000
Long-term debt, net of current portion and deferred finance costs 701,000 753,000
Total liabilities 2,373,000 2,346,000
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding at March 31, 2017 and December 31, 2016 0 0
Common stock; par value $.01 per share; 50,000,000 shares authorized; 28,842,788 issued and outstanding at March 31, 2017 and December 31, 2016 288,000 288,000
Additional paid-in capital 21,048,000 21,037,000
Accumulated deficit (20,431,000) (20,300,000)
Total stockholders’ equity 905,000 1,025,000
Total liabilities and stockholders’ equity $ 3,278,000 $ 3,371,000