XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (USD $)
Jun. 30, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 463,154 $ 564,671
Accounts receivable, net of allowance for doubtful accounts of $4,500 at June 30, 2012 and $15,500 at March 31, 2012 1,287,277 1,427,966
Inventories, net of reserve for obsolescence of $125,000 at June 30, 2012 and $117,000 at March 31, 2012 2,377,589 2,489,008
Prepaid expenses 152,660 28,568
Total current assets 4,280,680 4,510,213
Equipment, at cost:    
Furniture, fixtures and equipment 2,546,687 2,497,471
Customer-site equipment 819,403 819,403
Equipment-in-progress 794,391 777,839
Accumulated depreciation (2,545,988) (2,476,004)
Equipment, net 1,614,493 1,618,709
Patents, net of accumulated amortization of $171,714 at June 30, 2012 and $169,084 at March 31, 2012 275,989 272,714
Other assets 7,415 7,415
TOTAL ASSETS 6,178,577 6,409,051
Current liabilities:    
Accounts payable 452,135 1,039,923
Accrued compensation 329,023 283,366
Other accrued liabilities 403,108 349,136
Total current liabilities 1,184,266 1,672,425
Commitments and contingencies      
Shareholders' equity:    
Preferred stock, no par value: 10,000,000 shares authorized; none issued and outstanding      
Common stock and additional paid-in capital, no par value: 100,000,000 shares authorized; 8,210,100 shares issued and outstanding at June 30, 2012 and 7,955,100 at March 31, 2012 21,544,021 21,296,646
Accumulated (deficit) (16,549,710) (16,560,020)
Total shareholders' equity 4,994,311 4,736,626
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 6,178,577 $ 6,409,051