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CONDENSED BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 6,838,527 $ 5,042,477
Accounts receivable, net 5,069,882 3,098,635
Inventories 1,728,598 1,254,915
Investment in debt securities 3,014,507 6,462,369
Prepaid and other current assets 476,222 900,722
Total Current Assets 17,127,736 16,759,118
Property and Equipment, Net 416,133 433,408
Patent Rights, Net 554,219 626,509
Investment in Debt Securities 1,103,773
Deposits 24,272 24,272
Total Assets 18,122,360 18,947,080
Current Liabilities    
Accounts payable and accrued expenses 3,727,207 2,762,371
Product warranties 110,480 40,481
Revolving credit facility 1,625,970
Deferred revenue, current portion 658,442 853,798
Total Current Liabilities 6,122,099 3,656,650
Deferred Revenue, Net of Current Portion 13,833 16,251
Total Liabilities 6,135,932 3,672,901
Commitments and Contingencies
Stockholders' Equity    
Preferred stock, 5,000,000 shares authorized and none issued and outstanding
Common stock, $0.01 par value - 50,000,000 authorized; 13,522,168 issued and 13,488,714 outstanding at September 30, 2017; 13,546,171 issued and outstanding at December 31, 2016 135,221 135,461
Additional paid-in capital 23,079,210 22,930,975
Treasury stock, 33,454 and 0 shares at cost, at September 30, 2017 and December 31, 2016, respectively (133,816)
Accumulated deficit (11,094,187) (7,792,257)
Total Stockholders' Equity 11,986,428 15,274,179
Total Liabilities and Stockholders' Equity $ 18,122,360 $ 18,947,080