XML 11 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 581,000 $ 4,000
Accounts receivable, net of allowance for doubtful accounts of $34,000 at March 31, 2020 and at December 31, 2019 396,000 370,000
Inventory, net of allowance of $304,000 at March 31, 2020 and $291,000 at December 31, 2019 723,000 810,000
Prepaid expenses and other current assets 262,000 6,000
Right of use asset - operating leases 37,000 34,000
Total current assets 1,999,000 1,224,000
Property, plant and equipment, net 626,000 644,000
Patents, net 114,000 116,000
Right of use asset - operating leases 64,000 73,000
Other assets 21,000 21,000
Total assets 2,824,000 2,078,000
Current liabilities    
Accounts payable 695,000 652,000
Accrued expenses and other current liabilities 1,334,000 543,000
Right of use liability - operating leases 34,000 34,000
Wages payable 139,000 104,000
Line of credit 322,000 337,000
Current portion of long-term debt, net of deferred finance costs 1,124,000 17,000
Total current liabilities 3,648,000 1,687,000
Long-term debt/other liabilities, net of current portion and deferred finance costs 0 1,108,000
Right of use liability - operating leases 64,000 73,000
Total liabilities 3,712,000 2,868,000
COMMITMENTS AND CONTINGENCIES
Stockholders' deficit:    
Preferred stock; par value $.01 per share; 5,000,000 shares authorized, none issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock; par value $.01 per share; 50,000,000 shares authorized; 35,847,093 issued and outstanding at March 31, 2020 and 32,279,368 issued and outstanding as of December 31, 2019 358,000 327,000
Additional paid-in capital 21,632,000 21,437,000
Accumulated deficit (22,878,000) (22,554,000)
Total stockholders' deficit (888,000) (790,000)
Total liabilities and stockholders' deficit $ 2,824,000 $ 2,078,000