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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 9,516,479 $ 10,085,468
Accounts receivable, net 8,062,946 4,958,255
Inventories 1,233,454 1,171,383
Investment in debt securities 1,104,635
Prepaid and other current assets 477,533 566,972
Total Current Assets 19,290,412 17,886,713
Property and Equipment, Net 605,235 394,078
Patent Rights, Net 506,026 530,123
Deposits 26,936 24,272
Total Assets 20,428,609 18,835,186
Current Liabilities    
Accounts payable and accrued expenses 4,155,764 4,067,894
Product warranties 140,045 146,722
Deferred revenue, current portion 663,643 652,242
Total Current Liabilities 4,959,452 4,866,858
Revolving credit facility 4,215,633 2,214,970
Deferred Revenue, Net of Current Portion 66,687 73,083
Total Liabilities 9,241,772 7,154,911
Stockholders' Equity    
Preferred stock, 5,000,000 shares authorized and none issued and outstanding
Common stock, $0.01 par value - 50,000,000 authorized; 13,601,456 issued and 13,568,002 outstanding at March 31, 2018; 13,522,168 issued and 13,488,714 outstanding at December 31, 2017 136,014 135,221
Additional paid-in capital 23,813,323 23,181,641
Treasury stock, 33,454 shares at cost, at March 31, 2018 and December 31, 2017, respectively (133,816) (133,816)
Accumulated deficit (12,628,684) (11,502,771)
Total Stockholders' Equity 11,186,837 11,680,275
Total Liabilities and Stockholders' Equity $ 20,428,609 $ 18,835,186