Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,678,383 $ 3,011,811
Accounts receivable, net 1,007,558 865,174
Inventories, net 1,164,783 1,388,262
Contract assets 15,469 104,989
Prepaid expenses 183,684 142,733
Income taxes receivable 105,745 105,745
Total current assets 5,155,622 5,618,714
Property and equipment, net 114,432 127,672
Other assets:    
Deposits 7,000 7,000
Operating lease right of use assets 697,208 737,551
Total other assets 704,208 744,551
Total Assets 5,974,262 6,490,937
Current liabilities:    
Accounts payable 774,669 1,043,007
Accrued liabilities 789,993 563,312
Line of credit 587,814 267,289
Contract liabilities - current 974,497 888,060
Operating lease liabilities - current 236,740 242,299
Note payable - current 0 913,063
Total current liabilities 3,363,713 3,917,030
Long-term liabilities:    
Contract liabilities - long-term 186,450 164,307
Operating lease liabilities - long-term 557,286 592,341
Accrued royalties - long-term 465,000 500,000
Total long-term liabilities 1,208,736 1,256,648
Total liabilities 4,572,449 5,173,678
Commitments and contingencies
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 136,311,335 and 136,311,335 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively. 136,311 136,311
Additional paid-in-capital 127,735,529 127,733,714
Accumulated deficit (128,172,652) (128,255,391)
Total stockholders' equity 1,401,813 1,317,259
Total Liabilities and Stockholders' Equity 5,974,262 6,490,937
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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