XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 121,604 $ 165,249
Accounts receivable, net of allowance for doubtful accounts of $178,481 as of March 31, 2013 and $179,259 as of December 31, 2012 1,319,666 978,982
Inventories, net 625,549 638,561
Advances on contracts 429,583 476,969
Prepaid expenses and other current assets 165,942 239,061
Total current assets 2,662,344 2,498,822
Accounts receivable-long term, net of allowance for doubtful accounts of $112,762 as of March 31, 2013 and $167,971 as of December 31, 2012 81,098 119,201
Advances on contracts 2,358,107 2,350,477
Investment in Milestone Education LLC 50,000  
Furniture, Fixtures & Equipment net of accumulated depreciation of $463,109 as of March 31, 2013 and $458,708 as of December 31, 2012 33,080 36,624
Patents, net of accumulated amortization of $439,931 as of March 31, 2013 and $420,556 as of December 31, 2012 638,409 648,662
Other assets 7,317 7,317
Total assets 5,830,355 5,661,103
Current Liabilities:    
Accounts payable 2,030,272 2,336,594
Accrued interest on Notes Payable 380,982 581,407
Accrued expenses and other payables 551,206 356,563
Total current liabilities 2,962,460 3,274,564
Long-term Liabilities:    
Notes Payable 450,000 450,000
Total long-term liabilities 450,000 450,000
Total liabilities 3,412,460 3,724,564
Commitments and Contingencies      
Stockholders' Equity    
Common stock, par value $.001; authorized 50,000,000 shares; 16,781,726 shares issued 1,655,317 shares to be issued and 16,748,393 shares outstanding as of March 31, 2013; 16,563,306 shares issued, 1,635,709 shares to be issued, and 16,529,973 shares outstanding as of December 31, 2012 18,437 18,199
Additional paid-in capital 64,890,596 64,560,224
Accumulated deficit (61,579,622) (61,730,368)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total stockholders' equity 2,417,895 1,936,539
Total liabilities and stockholders' equity $ 5,830,355 $ 5,661,103