Balance Sheet

v3.20.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,084,828 $ 3,300,600
Accounts receivable, net 1,322,590 2,283,587
Inventories 1,041,813 1,373,074
Contract assets 72,764 188,120
Prepaid expenses 340,933 251,619
Income taxes receivable 85,467 85,070
Total current assets 5,948,395 7,482,070
Property and equipment, net 171,730 186,525
Other assets:    
Deposits 7,000 17,130
Operating lease right of use assets 853,624 892,170
Deferred tax asset 28,021 28,021
Total other assets 888,645 937,321
Total Assets 7,008,770 8,605,916
Current liabilities:    
Accounts payable 683,814 1,265,560
Accrued liabilities 442,856 527,826
Line of credit 518,463 624,347
Contract liabilities - current 515,530 653,053
Operating lease liabilities - current 226,464 223,835
Total current liabilities 2,387,127 3,294,621
Long-term liabilities:    
Contract liabilties - long-term 91,590 111,131
Operating lease liabilities - long-term 720,890 758,315
Total long-term liabilities 812,480 869,446
Total liabilities 3,199,607 4,164,067
Commitments and contingencies
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 March 31, 2020 and December 31, 2019, respectively 136,311 135,990
Additional paid-in-capital 127,728,267 127,708,773
Accumulated deficit (125,758,040) (125,105,539)
Total stockholders' equity 3,809,163 4,441,849
Total Liabilities and Stockholders' Equity 7,008,770 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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