Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,613,090 $ 3,011,811
Accounts receivable, net 858,416 865,174
Inventories, net 854,614 1,388,262
Contract assets 181,761 104,989
Prepaid expenses 617,103 142,733
Income taxes receivable 0 105,745
Total current assets 5,124,984 5,618,714
Property and equipment, net 93,737 127,672
Other assets:    
Deposits 7,000 7,000
Operating lease right of use assets 613,742 737,551
Total other assets 620,742 744,551
Total Assets 5,839,463 6,490,937
Current liabilities:    
Accounts payable 1,127,740 1,043,007
Accrued liabilities 787,782 563,312
Line of credit 266,293 267,289
Contract liabilities – current 1,131,200 888,060
Operating lease liabilities – current 209,574 242,299
Note payable – current 0 913,063
Income taxes payable 7,509 0
Total current liabilities 3,530,098 3,917,030
Long-term liabilities:    
Contract liabilities – long-term 153,992 164,307
Operating lease liabilities – long-term 493,284 592,341
Accrued royalties – long-term 395,000 500,000
Total long-term liabilities 1,042,276 1,256,648
Total liabilities 4,572,374 5,173,678
Commitments and contingencies
Stockholders’ Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 136,311,335 and 136,311,335 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively. 136,311 136,311
Additional paid-in-capital 127,739,160 127,733,714
Accumulated deficit (128,311,007) (128,255,391)
Total stockholders’ equity 1,267,089 1,317,259
Total Liabilities and Stockholders’ Equity 5,839,463 6,490,937
Series A Preferred Stock [Member]    
Stockholders’ Equity    
Preferred Stock, Value, Issued 1,340,566 1,340,566
Series B Preferred Stock [Member]    
Stockholders’ Equity    
Preferred Stock, Value, Issued $ 362,059 $ 362,059

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