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Note 2. Liquidity
6 Months Ended
Jun. 30, 2012
Liquidity Disclosure [Policy Text Block]
2.        Liquidity

The Company’s principal sources of liquidity are cash and cash equivalents of approximately $1,651,000 at June 30, 2012, the $2,500,000 available on the $3,000,000 credit facility detailed below and cash from operations. The Company sustained a net loss of $1,323,000 for the six months ended June 30, 2012, and had working capital of $3,192,000 at June 30, 2012.

The Company’s business operations have been primarily funded over the past three years through private placements of our capital stock.  In 2010, we also entered into a $3,000,000 line of credit.  As of June 30, 2012, the outstanding balance on the line of credit was $500,000.  The Company may require additional funding and this funding will depend, in part, on the timing and structure of potential business arrangements. If necessary, the Company may continue to seek to raise additional capital through the sale of its equity.  It may be accomplished via a strategic alliance with a third party. There may also be additional acquisition and growth opportunities that may require external financing.  There can be no assurance that such financing will be available on terms acceptable to the Company, or at all.  We also have the ability to defer certain product development and other programs, if necessary.  We believe that our existing capital resources will be sufficient to support our current business plan beyond August 2013.