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Condensed Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 59,000 $ 36,000
Accounts receivable, net of allowance for doubtful accounts of $55,000 at September 30, 2018 and $52,000 at December 31, 2017 546,000 348,000
Inventory, net of allowance of $514,000 at September 30, 2018 and $500,000 at December 31, 2017 1,250,000 1,473,000
Prepaid expenses and other current assets 71,000 97,000
Total current assets 1,926,000 1,954,000
Property, plant and equipment, net 736,000 792,000
Patents, net 125,000 109,000
Other assets 21,000 21,000
Deferred finance costs - line of credit, net 0 15,000
Total assets 2,808,000 2,891,000
Current liabilities    
Accounts payable 459,000 374,000
Accrued expenses and other current liabilities 425,000 311,000
Wages payable 259,000 259,000
Line of credit 595,000 446,000
Current portion of long-term debt 237,000 87,000
Total current liabilities 1,975,000 1,477,000
Other liabilities/debt 10,000 19,000
Long-term debt, net of current portion and deferred finance costs 761,000 772,000
Total liabilities 2,746,000 2,268,000
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding at September 30, 2018 and December 31, 2017 0 0
Common stock; par value $.01 per share; 50,000,000 shares authorized; 30,244,332 issued and outstanding at September 30, 2018 and 29,782,770 issued and outstanding at December 31, 2017 302,000 298,000
Additional paid-in capital 21,220,000 21,170,000
Accumulated deficit (21,460,000) (20,845,000)
Total stockholders' equity 72,000 623,000
Total liabilities and stockholders' equity $ 2,808,000 $ 2,891,000