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Balance Sheets - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Current assets:    
Cash $ 1,474,339 $ 385,132
Accounts receivable, net of allowance for doubtful accounts of $35,000 at March 31, 2021 and $58,000 at March 31, 2020 1,024,370 881,194
Inventories, net of reserve for obsolescence of $70,000 at March 31, 2021 and $39,000 at March 31, 2020 1,445,134 1,625,901
Prepaid expenses and other assets 154,151 72,639
Total current assets 4,097,994 2,964,766
Equipment:    
Furniture, fixtures and equipment, at cost 2,695,297 3,130,640
Accumulated depreciation (2,429,580) (2,923,482)
Equipment, net 265,717 207,158
Right of use asset 1,060,971 1,317,057
Patents, net of accumulated amortization of $317,821 at March 31, 2021 and $291,337 at March 31, 2020 213,368 228,296
Other assets 20,496 19,548
TOTAL ASSETS 5,658,546 4,736,925
Current liabilities:    
Accounts payable 389,088 444,823
Line of credit 0 370,498
Secured notes 20,397 0
Accrued compensation 181,686 218,806
Other accrued liabilities 282,102 96,077
Accrued lease liability 302,978 278,271
Total current liabilities 1,176,251 1,408,475
Long-term liability:    
Secured notes 220,263 0
Accrued lease liability 926,808 1,144,432
Unsecured promissory note 533,118 0
Total liabilities 2,856,440 2,552,907
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 issued and outstanding at March 31, 2021 and 2020 24,265,831 24,232,477
Accumulated (deficit) (21,463,725) (22,048,459)
Total shareholders' equity 2,802,106 2,184,018
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,658,546 $ 4,736,925