Balance Sheet

v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,484,114 $ 4,678,891
Accounts receivable, net 2,079,998 1,081,291
Inventories 1,367,580 1,790,919
Contract assets 423,303 314,749
Prepaid expenses 373,043 577,386
Income taxes receivable 25,336 19,695
Total current assets 7,753,374 8,462,931
Property and equipment, net 201,857 247,289
Other assets:    
Deposits 17,130 17,130
Operating lease right of use assets 930,684 0
Total other assets 947,814 17,130
Total Assets 8,903,045 8,727,350
Current liabilities:    
Accounts payable 1,004,599 408,045
Accrued liabilities 622,737 656,611
Line of credit 909,423 121,474
Contract liabilities - current 998,458 1,070,502
Operating lease liabilities - current 221,920 0
Total current liabilities 3,757,137 2,256,632
Long-term liabilities:    
Contract liabilities - long term 122,517 162,121
Operating lease liabilities - long term 794,273 0
Deferred lease liability - long term 0 71,877
Total long-term liabilities 916,790 233,998
Total liabilities 4,673,927 2,490,630
Commitments and contingencies
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 135,633,350 and 134,793,211 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 135,632 134,792
Additional paid-in-capital 127,680,315 127,570,709
Accumulated deficit (125,289,454) (123,171,406)
Total stockholders' equity 4,229,118 6,236,720
Total Liabilities and Stockholders' Equity 8,903,045 8,727,350
Series A Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock value 1,340,566 1,340,566
Series B Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock value $ 362,059 $ 362,059

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