Balance Sheet

v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 4,678,891 $ 8,385,595
Restricted cash on deposit 0 810,000
Accounts receivable, net 1,081,291 1,610,286
Inventories 1,790,919 1,259,536
Contract assets 314,749 0
Prepaid expenses 577,386 143,566
Income taxes receivable 19,695 17,300
Total current assets 8,462,931 12,226,283
Property and equipment, net 247,289 304,170
Other assets:    
Deposits 17,130 17,130
Total other assets 17,130 17,130
Total Assets 8,727,350 12,547,583
Current liabilities:    
Accounts payable 408,045 978,207
Accrued liabilities 656,611 668,814
Line of credit 121,474 682,211
Contract liabilities - current 1,070,502 0
Deferred revenue - current 0 292,106
Customer deposits 0 124,380
Total current liabilities 2,256,632 2,745,718
Long-term liabilities:    
Contract liabilties - long term 162,121 0
Deferred revenue - long term 0 219,960
Deferred lease liability - long term 71,877 48,839
Total long-term liabilities 233,998 268,799
Total Liabilities 2,490,630 3,014,517
Commitments and contingencies
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 134,793,211 and 133,695,111 shares issued and outstanding at December 31, 2018 and 2017, respectively 134,792 133,695
Additional paid-in-capital 127,570,709 127,421,402
Accumulated deficit (123,171,406) (119,724,656)
Total stockholders' equity 6,236,720 9,533,066
Total Liabilities and Stockholders' Equity 8,727,350 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

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