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Balance Sheets - USD ($)
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 385,132 $ 273,348
Restricted cash 0 25,000
Accounts receivable, net of allowance for doubtful accounts of $58,000 at March 31, 2020 and $26,000 at March 31, 2019 881,194 1,009,106
Inventories, net of reserve for obsolescence of $39,000 at March 31, 2020 and $50,000 at March 31, 2019 1,625,901 1,472,543
Prepaid expenses 72,639 130,016
Total current assets 2,964,766 2,910,013
Equipment:    
Furniture, fixtures and equipment, at cost 3,130,640 3,061,329
Accumulated depreciation (2,923,482) (2,811,761)
Equipment, net 207,158 249,568
Right of use asset 1,317,057 0
Patents, net of accumulated amortization of $291,337 at March 31, 2020 and $266,028 at March 31, 2019 228,296 248,579
Other assets 19,548 19,548
TOTAL ASSETS 4,736,925 3,427,708
Current liabilities:    
Accounts payable 444,823 578,956
Line of credit 370,498 0
Accrued compensation 218,806 295,875
Other accrued liabilities 96,077 126,434
Accrued lease liability 278,271 0
Total current liabilities 1,408,475 1,001,265
Long-term liability:    
Accrued lease liability 1,144,432 0
Deferred rent 0 74,821
Total liabilities 2,552,907 1,076,086
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; 11,582,641 and 11,558,355 issued and outstanding at March 31, 2020 and 2019, respectively 24,232,477 24,201,769
Accumulated (deficit) (22,048,459) (21,850,147)
Total shareholders' equity 2,184,018 2,351,622
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,736,925 $ 3,427,708