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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current    
Cash and cash equivalents $ 2,498,738 $ 747,517
Accounts receivable (see Note 3) 1,954,877 2,322,373
Inventories (see Note 4) 3,275,476 3,467,438
Prepaid expenses 243,342 123,511
Total current assets 7,972,433 6,660,839
Property, equipment and leaseholds, net (see Note 5) 3,791,109 4,764,900
Patents (see Note 6) 100,623 137,404
Long term deposits (see Note 7) 10,169 4,425
Deferred tax asset (see Note 10) 2,268,296 2,667,286
Total Assets 14,142,630 14,234,854
Current    
Accounts payable and accrued liabilities 826,315 815,141
Deferred revenue 40,451 44,593
Income taxes payable 293,238 140,842
Short term line of credit (Note 8) 200,000 750,000
Current portion of long term debt (see Note 9) 201,193 358,214
Total current liabilities 1,561,197 2,108,790
Long term debt (see Note 9) 553,282 754,475
Total liabilities 2,114,479 2,863,265
Stockholders' Equity    
Capital stock (see Note 13) 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 (2014: 13,169,991) common shares 13,178 13,170
Capital in excess of par value 16,317,225 16,227,121
Other comprehensive income (1,205,798) (267,552)
Accumulated Deficit (3,096,454) (4,601,150)
Total Stockholders' Equity 12,028,151 11,371,589
Total Liabilities and Stockholders' Equity $ 14,142,630 $ 14,234,854
Commitments and Subsequent events (See Notes 15 and 16)