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Condensed Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 138,000 $ 156,000
Accounts receivable, net of allowance for doubtful accounts of $49,000 at June 30, 2017 and December 31, 2016 482,000 556,000
Inventory, net of allowance of $468,000 at June 30, 2017 and $449,000 at December 31, 2016 1,450,000 1,582,000
Prepaid expenses and other current assets 88,000 92,000
Total current assets 2,158,000 2,386,000
Property, plant and equipment, net 823,000 824,000
Patents, net 102,000 93,000
Other assets 21,000 21,000
Deferred finance costs - line of credit, net 31,000 47,000
Total assets 3,135,000 3,371,000
Current liabilities    
Accounts payable 278,000 304,000
Accrued expenses and other current liabilities 263,000 276,000
Wages payable 268,000 299,000
Line of credit 594,000 639,000
Current portion of long-term debt 87,000 75,000
Total current liabilities 1,490,000 1,593,000
Long-term debt, net of current portion and deferred finance costs 725,000 753,000
Other long-term liabilities 25,000 0
Total liabilities 2,240,000 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 June 30, 2017 and December 31, 2016 0 0
Common stock; par value $.01 per share; 50,000,000 shares authorized; 29,297,333 issued and outstanding at June 30, 2017 and 28,842,788 issued and outstanding at December 31, 2016 293,000 288,000
Additional paid-in capital 21,105,000 21,037,000
Accumulated deficit (20,503,000) (20,300,000)
Total stockholders’ equity 895,000 1,025,000
Total liabilities and stockholders’ equity $ 3,135,000 $ 3,371,000