Balance Sheet

v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,380,382 $ 4,678,891
Accounts receivable, net 2,455,255 1,081,291
Inventories 1,754,676 1,790,919
Contract assets 515,080 314,749
Prepaid expenses 441,667 577,386
Income taxes receivable 25,336 19,695
Total current assets 8,572,396 8,462,931
Property and equipment, net 218,632 247,289
Other assets:    
Deposits 17,130 17,130
Operating lease right of use assets 968,485 0
Total other assets 985,615 17,130
Total Assets 9,776,643 8,727,350
Current liabilities:    
Accounts payable 1,055,301 408,045
Accrued liabilities 895,608 656,611
Line of credit 864,125 121,474
Contract liabilities - current 821,213 1,070,502
Operating lease liabilities - current 218,614 0
Total current liabilities 3,854,861 2,256,632
Long-term liabilities:    
Contract liabilities - long term 142,703 162,121
Operating lease liabilities - long term 830,907 0
Deferred lease liability - long term 0 71,877
Total long-term liabilities 973,610 233,998
Total liabilities 4,828,471 2,490,630
Commitments and contingencies
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 135,331,951 and 134,793,211 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 135,331 134,792
Additional paid-in-capital 127,645,801 127,570,709
Accumulated deficit (124,535,585) (123,171,406)
Total stockholders' equity 4,948,172 6,236,720
Total Liabilities and Stockholders' Equity 9,776,643 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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