Balance Sheet

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,101,209 $ 3,300,600
Accounts receivable, net 873,968 2,283,587
Inventories 1,164,993 1,373,074
Contract assets 43,866 188,120
Prepaid expenses 385,369 251,619
Income taxes receivable 85,467 85,070
Total current assets 5,654,872 7,482,070
Property and equipment, net 156,987 186,525
Other assets:    
Deposits 7,000 17,130
Operating lease right of use assets 815,735 892,170
Deferred tax asset 28,021 28,021
Total other assets 850,756 937,321
Total Assets 6,662,615 8,605,916
Current liabilities:    
Accounts payable 731,017 1,265,560
Accrued liabilities 591,016 527,826
Line of credit 0 624,347
Contract liabilities - current 568,781 653,053
Operating lease liabilities - current 231,796 223,835
Note Payable - current 913,063
Total current liabilities 3,035,673 3,294,621
Long-term liabilities:    
Contract liabilties - long-term 85,973 111,131
Operating lease liabilities - long-term 680,087 758,315
Total long-term liabilities 766,060 869,446
Total liabilities 3,801,733 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 June 30, 2020 and December 31, 2019, respectively. 136,311 135,990
Additional paid-in-capital 127,730,083 127,708,773
Accumulated deficit (126,708,137) (125,105,539)
Total stockholders' equity 2,860,882 4,441,849
Total Liabilities and Stockholders' Equity 6,662,615 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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