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CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current    
Cash and cash equivalents $ 1,248,637 $ 2,498,738
Accounts receivable (Note 3) 3,667,624 1,954,877
Inventory (Note 4) 2,622,014 3,275,476
Prepaid expenses 137,814 243,342
Total 7,676,089 7,972,433
Property, equipment and leaseholds (Note 5) 3,888,470 3,791,109
Patents (Note 6) 103,299 100,623
Long term deposits (Note 7) 10,797 10,169
Deferred tax asset 1,990,039 2,268,296
Total Assets 13,668,694 14,142,630
Current    
Accounts payable and accrued liabilities 938,744 826,315
Deferred revenue 43,111 40,451
Taxes payable 403,110 293,238
Line of credit (Note 8) 450,000 200,000
Current portion of long term debt (Note 9) 201,193 201,193
Total 2,036,158 1,561,197
Long Term    
Loans (Note 9) 502,984 553,282
Total Liabilities 2,539,142 2,114,479
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 11,427,991 (December 31, 2015: 13,177,991) common shares 11,427 13,178
Capital in excess of par value 14,755,706 16,317,225
Accumulated other comprehensive loss (1,282,921) (1,205,798)
Deficit (2,354,660) (3,096,454)
Total Stockholders' Equity 11,129,552 12,028,151
Total Liabilities and Stockholders' Equity $ 13,668,694 $ 14,142,630
Commitments and contingencies (Note 13)