CONDENSED BALANCE SHEETS (unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 4,607,689	$ 5,065,068
Accounts receivable, net	3,926,715	2,071,572
Inventories	1,263,441	998,861
Investment in debt securities	4,848,278
Prepaids and other current assets	639,799	432,787
Total Current Assets	15,285,922	8,568,288
Property and Equipment, Net	470,114	320,699
Patent Rights, Net	650,605	722,895
Investment in debt securities	1,729,245
Deposits	24,272	24,272
Total Assets	18,160,158	9,636,154
Current Liabilities
Accounts payable and accrued expenses	1,903,640	2,307,465
Product warranties	115,701	48,363
Revolving credit facility		422,702
Deferred revenue, current portion	990,796	890,234
Total Current Liabilities	3,010,137	3,668,764
Deferred Revenue, Net of Current Portion	9,979	45,786
Total Liabilities	3,020,116	3,714,550
Commitments and Contingencies
Stockholders' Equity
Preferred stock, 5,000,000 shares authorized and non-issued and outstanding at September 30, 2016 and December 31, 2015.
Common stock, $0.01 par value - 50,000,000 authorized and 13,546,170 and 10,367,883 issued and outstanding at September 30, 2016 and December 31, 2015, respectively.	135,461	103,678
Additional paid-in capital	22,830,022	13,263,735
Accumulated deficit	(7,825,441)	(7,445,809)
Total Stockholders' Equity	15,140,042	5,921,604
Total Liabilities and Stockholders' Equity	$ 18,160,158	$ 9,636,154

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.