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Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash $ 0 $ 0
Trade Receivables, Net 10,006,030 8,880,364
Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts 42,120 18,411
Inventories 8,173,534 5,268,025
Prepaid Expenses and Other Current Assets 1,174,277 1,149,279
Total Current Assets 19,395,961 15,316,079
Property, Plant and Equipment 1,086,516 1,364,613
Other Assets:    
Goodwill 4,234,828 4,234,828
Other Intangible Assets, Net 1,197,033 1,183,452
Deposits and Other Non-Current Assets, Net 212,430 399,083
Total Other Assets 5,644,291 5,817,363
Total Assets 26,126,768 22,498,055
Current Liabilities:    
Accounts Payable 6,383,544 6,985,373
Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts 51,353 0
Accrued Expenses and Other Current Liabilities 2,772,812 1,758,660
Total Current Liabilities 9,207,709 8,744,033
Other Liabilities:    
Non-Current Portion of Revolver Loan 6,736,267 5,435,005
Non-Current Portion of Note Payable – Enhanced Note 7,519,026 7,157,852
Non-Current Portion of Note Payable – Related Party 0 250,000
Accrued Interest – Note Payable – Related Party 3,888 3,173
Deferred Tax Liability 364,600 0
Total Other Liabilities 14,623,781 12,846,030
Total Liabilities $ 23,831,490 $ 21,590,063
Commitments and Contingencies
Stockholders' Equity:    
Common Stock, $0.01 Par Value; 140,000,000 Shares Authorized; 122,125,072 and 119,839,566 Issued and Outstanding for 2015 and 2014, respectively. $ 1,221,251 $ 1,198,396
Additional Paid-In Capital 91,930,422 89,989,110
Accumulated Deficit (90,733,484) (90,156,603)
Accumulated Other Comprehensive Loss (122,911) (122,911)
Total Stockholders' Equity 2,295,278 907,992
Total Liabilities and Stockholders' Equity $ 26,126,768 $ 22,498,055