XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash $ 707,350 $ 1,290,797
Accounts receivable, net of allowance for doubtful accounts of $165,840 at March 31, 2019 and December 31, 2018 2,855,897 2,866,474
Inventory 1,040,059 762,165
Prepaid expenses and other current assets 586,430 291,837
TOTAL CURRENT ASSETS 5,189,736 5,211,273
LONG-TERM ASSETS    
Property and equipment, net 75,652 86,656
Operating lease right-of-use assets 121,159 0
Contract and other long-term assets 507,695 528,401
Long-term accounts receivable - financed contracts 1,020,398 1,030,354
TOTAL LONG-TERM ASSETS 1,724,904 1,645,411
TOTAL ASSETS 6,914,640 6,856,684
CURRENT LIABILITIES    
Accounts payable and accrued expenses 244,198 387,868
Payroll liabilities 141,904 34,388
Current portion of operating lease liabilities 54,834 0
Notes payable 0 2,221
Customer deposits 287,496 334,784
Income taxes payable 78,027 53,027
TOTAL CURRENT LIABILITIES 806,459 812,288
LONG-TERM LIABILITIES    
Operating lease liabilities 67,433 0
Contract liabilities 1,707,650 1,690,660
Deferred tax liability 514,000 555,000
TOTAL LIABILITIES 3,095,542 3,057,948
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 25,000,000 shares authorized: 4,656,734 shares issued; and 4,528,668 shares outstanding at March 31, 2019 and December 31, 2018 4,529 4,529
Additional paid-in capital 1,808,362 1,795,955
Retained earnings 2,202,733 2,194,778
TOTAL STOCKHOLDERS' EQUITY BEFORE TREASURY STOCK 4,015,624 3,995,262
Treasury stock, 128,065 shares (at cost) at March 31, 2019 and December 31, 2018 (196,526) (196,526)
TOTAL STOCKHOLDERS' EQUITY 3,819,098 3,798,736
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,914,640 $ 6,856,684