Balance Sheet

v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,745,998 $ 4,678,891
Accounts receivable, net 2,546,293 1,081,291
Inventories 1,613,960 1,790,919
Contract assets 446,662 314,749
Prepaid expenses 562,366 577,386
Income taxes receivable 25,334 19,695
Total current assets 8,940,613 8,462,931
Property and equipment, net 232,659 247,289
Other assets:    
Deposits 17,130 17,130
Operating lease right of use assets 1,005,587 0
Total other assets 1,022,717 17,130
Total Assets 10,195,989 8,727,350
Current liabilities:    
Accounts payable 870,650 408,045
Accrued liabilities 843,738 656,611
Line of credit 907,241 121,474
Contract liabilities - current 908,743 1,070,502
Operating lease liabilities - current 220,037 0
Total current liabilities 3,750,409 2,256,632
Long-term liabilities:    
Contract liabilities - long term 154,533 162,121
Operating lease liabilities - long term 862,114 0
Deferred lease liability - long term 0 71,877
Total long-term liabilities 1,016,647 233,998
Total liabilities 4,767,056 2,490,630
Commitments and contingencies
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 135,085,519 and 134,793,211 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 135,086 134,792
Additional paid-in-capital 127,608,232 127,570,709
Accumulated deficit (124,017,010) (123,171,406)
Total stockholders' equity 5,428,933 6,236,720
Total Liabilities and Stockholders' Equity 10,195,989 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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