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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash $ 97,000 $ 47,000
Accounts receivable, net 1,132,000 2,117,000
Inventory 262,000 400,000
Prepaid expenses & other assets 498,000 486,000
Total current assets 1,989,000 3,050,000
Leasehold improvements 3,000 3,000
Machinery, equipment & software 2,258,000 2,224,000
less: Accumulated depreciation & amortization (2,212,000) (2,204,000)
Plant & equipment, net 49,000 23,000
Other assets:    
Intangible Assets, net 1,289,000 1,397,000
Goodwill 1,152,000 1,152,000
Total other assets 2,441,000 2,549,000
Total assets 4,479,000 5,622,000
Current liabilities    
Accounts payable 1,205,000 1,225,000
Note payable – related party 811,000 327,000
Note payable – line of credit 508,000 514,000
Severance Payable, Current 180,000
Accrued expenses 365,000 252,000
Total current liabilities 3,069,000 2,318,000
Long-term liabilities:    
Note payable – related party 980,000 1,517,000
Severance payable 75,000
Total long term liabilities 1,055,000 1,517,000
Total liabilities 4,124,000 3,835,000
Shareholders' Equity:    
Common stock : authorized 25,000,000 shares $1.00 par value; shares issued and outstanding: 16,953,176 shares as of June 30, 2018 16,953,176 shares as of December 31, 2017 16,953,000 16,953,000
Additional paid-in capital 688,000 688,000
Accumulated deficit (17,286,000) (15,854,000)
Total shareholders' equity 355,000 1,787,000
Total liabilities & shareholders' equity $ 4,479,000 $ 5,622,000