| Cash and cash equivalents |
102.23K |
| Accounts receivable - trade, less allowance for doubtful accounts of $ 64,475 and $ 47,475 |
4.56M |
| Inventories |
7.75M |
| Prepaid expenses |
738.49K |
| Deferred Tax Asset less Valuation Allowance of $ -0- and $-0- |
| Total current assets |
13.15M |
| Computers and office equipment |
| Warehouse equipment |
581.12K |
| Leasehold improvements |
301.58K |
| Tooling |
4.64M |
| Construction in progress |
376.76K |
| Total |
6.92M |
| Less accumulated depreciation |
4.92M |
| Net property and equipment |
2M |
| Patents, less amortization of $224,571 and $205,877 |
391.86K |
| Intangible Assets |
477.33K |
| Goodwill |
67.51K |
| Deposits and other assets |
52.65K |
| Total other assets |
989.35K |
| Total assets |
16.14M |
| Notes payable |
| Line of credit |
| Current maturities of long-term debt |
234.15K |
| Accounts payable - trade |
1.56M |
| Accrued expenses |
813.08K |
| Deferred income taxes-current portion |
| Total current liabilities |
2.61M |
| Long-term debt - less current portion above |
702.51K |
| Revolving Line of Credit |
2.76M |
| Deferred income taxes |
337.77K |
| Total long term liabilities |
3.81M |
| Total liabilities |
6.41M |
| STOCKHOLDERS' EQUITY |
| COMMON STOCK, no par value; 50,000,000 shares authorized, 15,737,196 and 15,726,196 shares issued and outstanding at June 30, 2011 and December 31, 2010 respectively |
5.11M |
| PAID-IN CAPITAL |
85.52K |
| ACCUMULATED DEFICIT |
3.08M |
| Total stockholders' equity |
9.73M |
| Total liabilities and stockholders' equity |
16.14M |
| STOCKHOLDERS' EQUITY |
| CONVERTIBLE PREFERRED STOCK |
579.85K |
| STOCKHOLDERS' EQUITY |
| CONVERTIBLE PREFERRED STOCK |
865.31K |
