XML 41 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 3,468,000 $ 4,225,000
Accounts receivable, net of allowance for doubtful accounts of $3 at September 30, 2013 and December 31, 2012 314,000 328,000
Inventory, net 488,000 262,000
Other current assets 52,000 86,000
Total Current Assets 4,322,000 4,901,000
Property and equipment, net 187,000 150,000
Other assets 473,000 44,000
Intangible assets, net of accumulated amortization 179,000 200,000
Goodwill 3,416,000 3,416,000
Total Assets 8,577,000 8,711,000
Current Liabilities:    
Accounts payable 460,000 759,000
Deferred revenue 2,110,000 1,561,000
Accrued expenses 1,239,000 1,266,000
Derivative liabilities 406,000   
Notes payable to related parties 65,000 65,000
Total Current Liabilities 4,280,000 3,651,000
Derivative liabilities    2,244,000
Pension obligation 442,000 401,000
Other long-term liabilities    72,000
Total Liabilities 4,722,000 6,368,000
Shareholders' equity:    
Preferred stock, authorized 4,000,000 shares: 2,000 2,000
Series B Convertible Redeemable Preferred Stock, $0.01 par value; designated 750,000 shares, 389,400 shares issued, and 239,400 shares outstanding at September 30, 2013 and December 31, 2012, respectively; liquidation preference $620 and $607 at September 30, 2013 and December 31, 2012, respectively. 846,000 765,000
Common stock, $0.01 par value, 150,000,000 shares authorized; 84,713,786 and 76,646,553 shares issued at September 30, 2013 and December 31, 2012, respectively, and 84,707,082 and 76,639,849 shares outstanding at September 30, 2013 and December 31, 2012, respectively. 129,740,000 120,182,000
Additional paid in capital (64,000) (64,000)
Treasury stock, at cost 6,704 shares (186,000) (139,000)
Accumulated other comprehensive loss (126,483,000) (118,403,000)
Accumulated deficit 3,855,000 2,343,000
Total Shareholders' Equity $ 8,577,000 $ 8,711,000