ELECTRONIC SYSTEMS TECHNOLOGY, INC. DBA ESTEEM WIRELESS MODEMS BALANCE SHEETS DECEMBER 31, 2012 AND 2011 (USD $)	Dec. 31, 2012		Dec. 31, 2011
CURRENT ASSETS
Cash	$ 117,429		$ 38,168
Money market investment	701,068		1,189,322
Certificates of deposit	1,367,000		1,033,000
Accounts receivable, net of allowance for doubtful accounts of $-0- and $787, respectively	195,482		104,166
Inventories	501,956		471,314
Prepaid insurance	10,932		9,985
Prepaid expenses	28,207		18,126
Accrued interest receivable	1,703		1,583
Federal income tax refund receivable			47,663
Total Current Assets	2,923,777		2,913,327
PROPERTY AND EQUIPMENT - NET	42,272		54,358
DEPOSITS	1,675		1,675
DEFERRED INCOME TAX ASSET	26,000		54,000
TOTAL ASSETS	2,993,724		3,023,360
CURRENT LIABILITIES
Accounts payable	7,517		16,104
Refundable deposits	2,229		49,303
Accrued wages and bonus	3,754		4,627
Accrued payroll and other taxes	8,156		2,869
Accrued vacation pay	24,045		27,211
Total Current Liabilities	45,701		100,114
DEFERRED INCOME TAX LIABILITY	6,200		7,800
TOTAL LIABILITIES	51,901		107,914
COMMITMENTS AND CONTINGENCIES		[1]		[1]
STOCKHOLDERS' EQUITY
Common stock - $.001 par value 50,000,000 shares authorized, 5,158,667 shares issued and outstanding at December 31, 2012 and 2011, respectively	5,159		5,159
Additional paid-in capital	1,003,903		1,001,648
Retained earnings	1,932,761		1,908,639
TOTAL STOCKHOLDERS' EQUITY	2,941,823		2,915,446
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,993,724		$ 3,023,360

[1] Notes 8 and 10