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Condensed Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 225,000 $ 4,000
Accounts receivable, net of allowance for doubtful accounts of $34,000 at June 30, 2020 and at December 31, 2019 350,000 370,000
Inventory, net of allowance of $355,000 at June 30, 2020 and $291,000 at December 31, 2019 769,000 810,000
Prepaid expenses and other current assets 133,000 6,000
Right of use asset - operating leases 34,000 34,000
Total current assets 1,511,000 1,224,000
Property, plant and equipment, net 608,000 644,000
Patents, net 112,000 116,000
Right of use asset - operating leases 58,000 73,000
Other assets 21,000 21,000
Total assets 2,310,000 2,078,000
Current liabilities:    
Accounts payable 627,000 652,000
Accrued expenses and other current liabilities 663,000 543,000
Right of use liability - operating leases 32,000 34,000
Wages payable 134,000 104,000
Line of credit 226,000 337,000
PPP Loan 332,000 0
Current portion of long-term debt, net of deferred finance costs 1,121,000 17,000
Total current liabilities 3,135,000 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 58,000 73,000
Total liabilities 3,193,000 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 June 30, 2020 and December 31, 2019 0 0
Common stock; par value $.01 per share; 50,000,000 shares authorized; 35,953,476 issued and outstanding at June 30, 2020 and 32,680,984 issued and outstanding as of December 31, 2019 359,000 327,000
Additional paid-in capital 21,658,000 21,437,000
Accumulated deficit (22,900,000) (22,554,000)
Total stockholders' deficit (883,000) (790,000)
Total liabilities and stockholders' deficit $ 2,310,000 $ 2,078,000