XML 19 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities    
Net loss $ (346,448) $ (237,267)
Adjustments to reconcile net income (loss) to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 337,583 315,599
Provision for product warranties 32,877 34,500
Stock based compensation 726,377 6,477
(Increase) decrease in:    
Accounts receivable (1,027,063) (1,663,980)
Inventories (323,962) (288,391)
Prepaids and other current assets (777,614) (334,095)
Increase (decrease) in:    
Accounts payable and accrued expenses 633,956 1,226,425
Deferred revenue (65,971) (364,860)
Product warranties (40,759) (33,751)
Total Adjustments (504,576) (1,102,076)
Net Cash Used In Operating Activities (851,024) (1,339,343)
Cash Flows from Investing Activities    
Acquisition of property and equipment (285,998) (196,190)
Investment in debt securities - held to maturity (7,865,675)
Investments matured during the year 299,533
Net Cash Used In Investing Activities (7,852,140) (196,190)
Cash Flows from Financing Activities    
Offering of shares 12,650,000 2,200,000
Revolving credit facility, net (422,702) 47,702
Exercise of warrants and options 1,132,538
Offering costs (2,126,562) (185,814)
Cash dividends on preferred stock (2,552,701)
Net Cash Provided By Financing Activities 8,680,573 2,061,888
Net Decrease in Cash and Cash Equivalents (22,591) 526,355
Cash and Cash Equivalents - Beginning 5,065,068 4,538,713
Cash and Cash Equivalents - Ending 5,042,477 5,065,068
Supplemental Disclosure of Cash Flow Information    
Interest Paid 23,773 17,814
Non Cash Investing and Financing Activities    
Reclassification of prepaid offering costs to APIC 130,629
Transfer of inventory units to property and equipment $ 67,908 $ 83,224