XML 33 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,775,000 $ 2,914,000
Accounts receivable, less allowance for doubtful accounts of $16 as of September 30, 2012 and December 31, 2011 1,186,000 1,208,000
Inventories 1,283,000 1,195,000
Other receivables 10,000 239,000
Prepaid expenses 149,000 130,000
Total current assets 4,403,000 5,686,000
Property, plant and equipment, net 2,756,000 2,800,000
Restricted cash, long term 54,000 54,000
License fee, net 325,000 400,000
Debt issuance costs, net 111,000 639,000
Other 180,000 57,000
Total assets 7,829,000 9,636,000
Current liabilities:    
Accounts payable 699,000 629,000
Accrued expenses 636,000 611,000
Deferred income, current 32,000 38,000
Capital lease obligation, current 27,000 38,000
Total current liabilities 1,394,000 1,316,000
Note payable 1,000,000  
Note payable, related party   500,000
Deferred income, long term 21,000 25,000
Capital lease obligation, long term 39,000 30,000
Total liabilities 2,454,000 1,871,000
Stockholders’ equity:    
Common stock 423,000 415,000
Additional paid-in capital 46,593,000 46,246,000
Accumulated deficit (42,263,000) (39,518,000)
Less treasury stock, 1,965,740 common shares at cost (1,395,000) (1,395,000)
Total stockholders’ equity 5,375,000 7,765,000
Total liabilities and stockholders' equity 7,829,000 9,636,000
Series A Preferred Stock [Member]
   
Stockholders’ equity:    
Convertible Preferred Stock 500,000 500,000
Series C Preferred Stock [Member]
   
Stockholders’ equity:    
Convertible Preferred Stock $ 1,517,000 $ 1,517,000