Balance Sheet

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 6,316,887 $ 8,385,595
Restricted cash on deposit 10,000 810,000
Accounts receivable, net 1,983,427 1,610,286
Inventories 982,568 1,259,536
Contract assets 353,684 0
Prepaid expenses and other current assets 596,104 143,566
Income taxes receivable 17,300 17,300
Total current assets 10,259,970 12,226,283
Property and equipment, net 278,120 304,170
Other assets:    
Deposits 17,130 17,130
Total other assets 17,130 17,130
Total Assets 10,555,220 12,547,583
Current liabilities:    
Accounts payable 960,210 978,207
Accrued liabilities and expenses 734,780 668,814
Line of credit 0 682,211
Contract liabilities-current 841,190 0
Deferred revenues - current 0 292,106
Customer deposits 0 124,380
Total current liabilities 2,536,180 2,745,718
Long-term liabilities:    
Contract liabilities - long term 205,820 0
Deferred revenues - long term 0 219,960
Deferred lease liability - long term 61,841 48,839
Total long-term liabilities 267,661 268,799
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 133,989,919 and 133,695,111 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 133,989 133,695
Additional paid-in-capital 127,460,169 127,421,402
Accumulated deficit (121,545,404) (119,724,656)
Total stockholders' equity 7,751,378 9,533,066
Total Liabilities and Stockholders' Equity 10,555,220 12,547,583
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

Source