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BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 5,042,477 $ 5,065,068
Accounts receivable, net 3,098,635 2,071,572
Inventories 1,254,915 998,861
Investment in debt securities 6,462,369
Prepaids and other current assets 900,722 432,787
Total Current Assets 16,759,118 8,568,288
Property and Equipment, Net 433,408 320,699
Patent Rights, Net 626,509 722,895
Investment in Debt Securities 1,103,773
Deposits 24,272 24,272
Total Assets 18,947,080 9,636,154
Current Liabilities    
Accounts payable and accrued expenses 2,762,371 2,307,465
Product warranties 40,481 48,363
Revolving credit facility   422,702
Deferred revenue, current portion 853,798 890,234
Total Current Liabilities 3,656,650 3,668,764
Deferred Revenue, Net of Current Portion 16,251 45,786
Total Liabilities 3,672,901 3,714,550
Stockholders' Equity    
Preferred stock, 5,000,000 shares authorized and none issued and outstanding.
Common stock, $0.01 par value - 50,000,000 authorized and 13,546,171 and 10,367,883 issued and outstanding at December 31, 2016 and December 31, 2015, respectively. 135,461 103,678
Additional paid-in capital 22,930,975 13,263,735
Accumulated deficit (7,792,257) (7,445,809)
Total Stockholders' Equity 15,274,179 5,921,604
Total Liabilities and Stockholders' Equity $ 18,947,080 $ 9,636,154