XML 11 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 61,000 $ 4,000
Accounts receivable, net of allowance for doubtful accounts of $35,000 at September 30, 2020 and $34,000 at December 31, 2019 364,000 370,000
Inventory, net of allowance of $397,000 at September 30, 2020 and $291,000 at December 31, 2019 602,000 810,000
Prepaid expenses and other current assets 85,000 6,000
Right of use asset - operating leases 35,000 34,000
Total current assets 1,147,000 1,224,000
Property, plant and equipment, net 594,000 644,000
Patents, net 110,000 116,000
Right of use asset - operating leases 49,000 73,000
Other assets 21,000 21,000
Total assets 1,921,000 2,078,000
Current liabilities:    
Accounts payable 604,000 652,000
Accrued expenses and other current liabilities 577,000 543,000
Right of use liability - operating leases 33,000 34,000
Wages payable 98,000 104,000
Line of credit 208,000 337,000
PPP Loan 332,000 0
Current portion of long-term debt, net of deferred finance costs 1,120,000 17,000
Total current liabilities 2,972,000 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 49,000 73,000
Total liabilities 3,021,000 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 September 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 September 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 (23,117,000) (22,554,000)
Total stockholders' deficit (1,100,000) (790,000)
Total liabilities and stockholders' deficit $ 1,921,000 $ 2,078,000