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Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 1,621,309 $ 2,206,749
Receivables on government contracts 587,848 1,043,738
Prepaid expenses and other current assets 273,004 94,717
Total current assets 2,482,161 3,345,204
Property and equipment    
Operating lease-right to use asset 353,685
Equipment 404,091 357,796
Leasehold improvements 21,306 21,306
Furniture & fixtures 43,174 43,174
Less: accumulated depreciation (171,956) (109,484)
Property and equipment, net 650,300 312,792
Intangible assets 141,158 140,428
Less: accumulated amortization (96,394) (75,241)
Intangible assets, net 44,764 65,187
Deferred tax assets 682 34,623
Total assets 3,177,907 3,757,806
Liabilities and shareholders' equity    
Accrued payroll and payroll taxes 327,246 868,618
Accounts payable and accrued expenses 41,299 308,415
Accrued warranty expense 153,723
Lease obligation, current portion 126,633
Deferred revenue 17,000 39,824
Total current liabilities 512,178 1,370,580
Lease obligation, net of current portion 244,655
Other long-term liabilities 19,560
Total liabilities 756,833 1,390,140
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 35,588,775 and 35,568,775 shares, respectively 355,889 355,689
Capital in excess of par value 10,129,020 10,106,344
Accumulated deficit (8,063,835) (8,094,367)
Total shareholders' equity 2,421,074 2,367,666
Total liabilities and shareholders' equity $ 3,177,907 $ 3,757,806