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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating activities:    
Net income (loss) $ (833,136) $ 122,486
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock based compensation 75,534 14,287
Depreciation and amortization 121,027 9,048
Provision (recovery) for accounts receivable allowances (3,915) 574
Provision for inventory reserves 18,078 81,843
Reclassification out of Accumulated Other Comprehensive Income (Loss) 0 (360,734)
Changes in operating assets and liabilities:    
Accounts receivable 735,776 (136,768)
Inventories (1,078,181) (92,269)
Prepaid expense and other current assets (110,942) (45,111)
Accounts payable and accrued expenses 704,896 (4,593)
Net cash provided by (used in) operating activities (370,863) (411,237)
Investing activities:    
Purchases of plant and equipment (177,066) (25,165)
Other assets (655,000) 0
Net cash provided by (used in) investing activities (832,066) (25,165)
Financing activities:    
Proceeds from stock option exercise 102,620 0
Proceeds from private placement offering 3,437,001 0
Issuance costs of private placement offering (16,000) 0
Proceeds from stock rights offering 268,740 0
Issuance costs of stock rights offering (39,780) 0
Net funds (to) from bank credit lines (840,585) 522,267
Net cash provided by (used in) financing activities 2,911,996 522,267
Effect of exchange rate changes on cash 0 (3,621)
Net change in cash 1,709,067 82,244
Cash and cash equivalents at beginning of year 137,637 55,393
Cash and cash equivalents at end of year 1,846,704 137,637
Cash paid during the period for:    
Cash paid during the period for: Interest 72,360 77,225
Cash paid during the period for: Income taxes $ 7,363 $ 7,080