XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Sep. 30, 2011
CURRENT ASSETS    
Cash $ 86,877 $ 213,611
Accounts receivable, less allowance for doubtful accounts of $57,540 and $67,286 at March 31, 2012 and September 30, 2011, respectively 589,712 580,240
Inventories, net 1,366,248 1,460,780
Current portion of note receivable 0 35,000
Prepaid expenses and other current assets 118,025 159,493
Total current assets 2,160,862 2,449,124
PROPERTY AND EQUIPMENT; net of accumulated depreciation and amortization of $6,505,530 and $6,431,680 at March 31, 2012 and September 30, 2011, respectively 354,730 386,520
OTHER ASSETS:    
Other assets 78,081 52,658
Total Assets 2,593,673 2,888,302
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 857,188 818,875
Revolving line of credit 0 669,413
Revolving line of credit - Related Party 894,438 0
Deferred revenue 36,860 37,226
Total Current Liabilities 1,788,486 1,525,514
LONG TERM LIABILITIES:    
Senior subordinated secured convertible notes 4,049,858 4,049,858
Total Long Term Liabilities 4,049,858 4,049,858
Total liabilities 5,838,344 5,575,372
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.01 par value - 1,000,000 shares authorized; none issued 0 0
Common stock, $.01 par value - 45,000,000 shares authorized; 15,595,281 and 15,585,281 issued and outstanding as of March 31, 2012 and September 30, 2011, respectively 155,952 155,852
Additional paid-in capital 23,085,867 23,038,217
Accumulated deficit (26,383,117) (25,770,916)
Accumulated other comprehensive loss- currency translation loss (13,737) (20,587)
Less treasury stock at cost; 100,000 shares at March 31, 2012 and September 30, 2011, respectively. (89,636) (89,636)
Total Stockholders' Deficit (3,244,671) (2,687,070)
Total Liabilities and Stockholders' Deficit $ 2,593,673 $ 2,888,302