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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,288,806 $ 1,173,177
Receivables on government contracts 1,941,582 1,697,997
Prepaid expenses and other current assets 81,160 72,542
Total current assets 3,311,548 2,943,716
Property and equipment    
Equipment 210,388 171,018
Leasehold improvements 21,306 21,306
Furniture & fixtures 42,485 37,557
Less: accumulated depreciation (102,342) (106,570)
Property and equipment, net 171,837 123,311
Intangible assets 139,945 137,683
Less: accumulated amortization (69,966) (54,101)
Intangible assets, net 69,979 83,582
Deferred tax assets 55,777 8,745
Total assets 3,609,141 3,159,354
Current liabilities:    
Accrued payroll and payroll taxes 765,816 575,926
Accounts payable and accrued expenses 360,697 482,873
Accrued warranty expense 130,370 40,000
Deferred revenue 25,250 18,750
Total current liabilities 1,282,133 1,117,549
Long-term liabilities 18,930 21,920
Total liabilities 1,301,063 1,139,469
Shareholders' equity:    
Preferred stock, convertible, par value $.01 per share, authorized 5,000,000 shares, none issued and outstanding
Common stock, par value $.01 per share, authorized 60,000,000 shares, issued and outstanding 35,568,775 and 35,561,775 shares, respectively 355,689 355,619
Capital in excess of par value 10,101,805 10,087,843
Accumulated deficit (8,149,416) (8,423,577)
Total shareholders' equity 2,308,078 2,019,885
Total liabilities and shareholders' equity $ 3,609,141 $ 3,159,354