XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 4,662,897 $ 5,488,706
Accounts receivable, net 3,094,987 3,322,400
Inventories 1,783,787 1,595,668
Other current assets 324,658 879,365
Assets associated with discontinued operations 52,020 85,349
Total current assets 9,918,349 11,371,488
Property and equipment:    
Leasehold improvements 151,377 151,377
Equipment at customers 3,872,730 3,762,632
Machinery and equipment 5,121,410 4,913,595
Accumulated depreciation and amortization (6,641,029) (6,266,097)
Property and equipment, net 2,504,488 2,561,507
Intangible and other assets, net 800,564 790,971
Total assets 13,223,401 14,723,966
Current liabilities:    
Accounts payable 1,138,449 1,074,939
Accrued expenses 1,785,470 2,239,985
Notes payable 44,006 70,015
Current portion of long-term debt, less unamortized debt issuance costs 1,517,921 840,471
Liabilities associated with discontinued operations 17,578 92,942
Total current liabilities 4,503,424 4,318,352
Deferred gain on sale and leaseback of property 57,944 91,603
Long-term debt, less current portion and unamortized debt issuance costs 5,971,690 6,580,851
Other long-term liabilities 320,000 320,000
Total liabilities 10,853,058 11,310,806
Commitments and contingencies
Stockholders' equity:    
Common stock, $.004 par value per share, 60,000,000 shares authorized, 28,315,081 and 27,428,752 shares issued at March 31, 2017 and December 31, 2016, respectively, including shares held in treasury 113,260 109,715
Common stock held in treasury, at cost - 86,000 shares (101,480) (101,480)
Additional paid-in capital 31,354,231 30,557,093
Accumulated deficit (42,933,308) (41,089,808)
Total stockholders' equity 2,370,343 3,413,160
Total liabilities and stockholders' equity 13,223,401 14,723,966
Series A Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, $.001 par value per share, 1,000,000 shares authorized 8,802,000 8,802,000
Series A Exchangeable Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, $.001 par value per share, 1,000,000 shares authorized $ 5,135,640 $ 5,135,640