Balance Sheet

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,858,879 $ 3,300,600
Accounts receivable, net 1,582,921 2,283,587
Inventories, net 1,468,228 1,373,074
Contract assets 45,879 188,120
Prepaid expenses 247,736 251,619
Income taxes receivable 85,377 85,070
Total current assets 6,289,020 7,482,070
Property and equipment, net 142,329 186,525
Other assets:    
Deposits 7,000 17,130
Operating lease right of use assets 777,052 892,170
Deferred tax asset 28,021 28,021
Total other assets 812,073 937,321
Total Assets 7,243,422 8,605,916
Current liabilities:    
Accounts payable 1,194,500 1,265,560
Accrued liabilities 803,176 527,826
Line of credit 65,317 624,347
Contract liabilities - current 620,847 653,053
Operating lease liabilities - current 237,048 223,835
Note Payable - current 913,063 0
Total current liabilities 3,833,951 3,294,621
Long-term liabilities:    
Contract liabilties - long-term 86,907 111,131
Accrued royalties - long-term 500,000 0
Operating lease liabilities - long-term 636,622 758,315
Total long-term liabilities 1,223,529 869,446
Total liabilities 5,057,480 4,164,067
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 136,311,335 and 135,990,491 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively. 136,311 135,990
Additional paid-in-capital 127,731,898 127,708,773
Accumulated deficit (127,384,892) (125,105,539)
Total stockholders' equity 2,185,942 4,441,849
Total Liabilities and Stockholders' Equity 7,243,422 8,605,916
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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