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Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 645,907 $ 506,903
Accounts receivable 2,355,423 2,332,019
Inventories 3,193,511 2,890,511
Prepaid expenses 202,968 135,361
Total 6,397,809 5,864,794
Property, equipment and leaseholds 7,683,743 8,205,514
Patents 201,967 208,206
Long term deposits 7,725 7,733
Deferred tax asset 229,000 219,000
Total Assets 14,520,244 14,505,247
Liabilities    
Accounts payable and accrued liabilities 698,167 514,890
Deferred revenue 312,383 312,392
Taxes payable 290,998 437,998
Short term line of credit 875,000 650,000
Current portion of long term debt 308,111 329,389
Total 2,484,659 2,244,669
Loans 1,603,778 1,647,603
Total liabilities 4,088,437 3,892,272
Capital stock Authorized 50,000,000 Common shares with a par value of $0.001 each 1,000,000 Preferred shares with a par value of $0.01 each Issued and outstanding 13,169,991 (2010: 13,962,567) common shares 13,170 13,170
Capital in excess of par value 15,929,062 15,864,348
Other comprehensive income 474,593 477,139
Deficit (5,985,018) (5,741,682)
Total Stockholders' Equity 10,431,807 10,612,975
Total Liabilities and Stockholders' Equity $ 14,520,244 $ 14,505,247