XML 37 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current    
Cash and cash equivalents $ 1,683,971 $ 747,517
Accounts receivable (Note 3) 2,051,982 2,322,373
Inventory (Note 4) 3,111,565 3,467,438
Prepaid expenses 324,927 123,511
Total 7,172,445 6,660,839
Property, equipment and leaseholds (Note 5) 3,916,820 4,764,900
Patents (Note 6) 108,129 137,404
Long term deposits (Note 7) 10,326 4,425
Deferred tax asset 2,356,266 2,667,286
Total Assets 13,563,986 14,234,854
Current    
Accounts payable and accrued liabilities 336,846 815,141
Deferred revenue 41,952 44,593
Taxes payable 278,267 140,842
Short term line of credit (Note 8) 250,000 750,000
Current portion of long term debt (Note 9) 337,686 358,214
Total 1,244,751 2,108,790
Long Term    
Loans (Note 9) 603,580 754,475
Total Liabilities 1,848,331 2,863,265
Stockholders' Equity    
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 13,177,991 common shares at September 30, 2015 (13,169,991 at December 31, 2014) 13,178 13,170
Capital in excess of par value 16,287,899 16,227,121
Other comprehensive income (1,044,411) (267,552)
Deficit (3,541,011) (4,601,150)
Total Stockholders' Equity 11,715,655 11,371,589
Total Liabilities and Stockholders' Equity $ 13,563,986 $ 14,234,854
Commitments and contingencies (Note 13)