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Balance Sheets - USD ($)
Mar. 31, 2016
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 292,840 $ 258,656
Restricted cash 25,000 0
Accounts receivable, net of allowance for doubtful accounts of $9,000 at March 31, 2016 and $11,500 at March 31, 2015 839,850 965,355
Inventories, net of reserve for obsolescence of $410,000 at March 31, 2016 and $240,000 at March 31, 2015 1,730,747 2,337,654
Prepaid expenses 91,989 109,678
Total current assets 2,980,426 3,671,343
Equipment, at cost:    
Furniture, fixtures and equipment 3,950,710 3,917,386
Accumulated depreciation (3,389,533) (3,140,453)
Equipment, net 561,177 776,933
Patents, net of accumulated amortization of $179,317 at March 31, 2016 and $153,494 at March 31, 2015 252,889 257,356
Other assets 15,926 20,135
TOTAL ASSETS 3,810,418 4,725,767
Current liabilities:    
Accounts payable 355,890 675,411
Accrued compensation 246,203 262,195
Other accrued liabilities 257,506 324,926
Line of credit 387,491 0
Deferred rent 30,384 30,384
Total current liabilities 1,277,474 1,292,916
Long-term liabilities    
Line of credit 0 64,000
Deferred rent 70,896 101,280
Total liabilities 1,348,370 1,458,196
Shareholders' equity:    
Preferred stock, no par value: 10,000,000 shares authorized; none issued and outstanding 0 0
Common stock and additional paid-in capital, no par value: 100,000,000 shares authorized; 10,673,225 issued and outstanding at March 31, 2016 and 2015 23,682,365 23,607,688
Accumulated (deficit) (21,220,317) (20,340,117)
Total shareholders' equity 2,462,048 3,267,571
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,810,418 $ 4,725,767