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Condensed Balance Sheets - USD ($)
Sep. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 113,193 $ 258,656
Accounts receivable, net of allowance for doubtful accounts of $11,000 at September 30, 2015 and $11,500 at March 31, 2015 870,773 965,355
Inventories, net of reserve for obsolescence of $262,000 at September 30, 2015 and $240,000 at March 31, 2015 1,974,197 2,337,654
Prepaid expenses 124,407 109,678
Total current assets 3,082,570 3,671,343
Equipment, at cost:    
Furniture, fixtures and equipment 3,906,155 3,917,386
Accumulated depreciation (3,268,609) (3,140,453)
Equipment, net 637,546 776,933
Patents, net of accumulated amortization of $165,157 at September 30, 2015 and $153,494 at March 31, 2015 256,274 257,356
Other assets 15,792 20,135
TOTAL ASSETS 3,992,182 4,725,767
Current liabilities:    
Accounts payable 463,748 675,411
Accrued compensation 234,294 262,195
Other accrued liabilities 270,010 324,926
Deferred rent - short term 30,384 30,384
Total current liabilities 998,436 1,292,916
Long-term liabilities:    
Line of credit   64,000
Deferred rent - long term 86,088 101,280
Total liabilities $ 1,084,524 $ 1,458,196
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; 10,673,225 shares issued and outstanding at September 30, 2015 and March 31, 2015 $ 23,645,283 $ 23,607,688
Accumulated (deficit) (20,737,625) (20,340,117)
Total shareholders' equity 2,907,658 3,267,571
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,992,182 $ 4,725,767