Condensed Consolidated Balance Sheets - USD ($)
|
Sep. 30, 2016 |
Dec. 31, 2015 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 6,708,177
|
$ 7,528,292
|
| Accounts receivable, net |
3,254,205
|
2,921,720
|
| Notes and other receivables |
681,509
|
384,673
|
| Inventories |
1,194,126
|
1,428,425
|
| Other current assets |
417,501
|
364,444
|
| Assets associated with discontinued operations |
487,264
|
906,339
|
| Total current assets |
12,742,782
|
13,533,893
|
| Property and equipment: |
|
|
| Leasehold improvements |
151,377
|
139,970
|
| Equipment at customers |
3,699,448
|
3,513,617
|
| Machinery and equipment |
4,915,874
|
4,753,062
|
| Property and equipment, gross |
8,766,699
|
8,406,649
|
| Accumulated depreciation and amortization |
(6,203,452)
|
(6,173,823)
|
| Property and equipment, net |
2,563,247
|
2,232,826
|
| Intangible and other assets, net |
783,802
|
813,017
|
| Total assets |
16,089,831
|
16,579,736
|
| Current liabilities: |
|
|
| Accounts payable |
927,247
|
1,459,798
|
| Accrued expenses |
2,029,614
|
1,833,502
|
| Notes payable |
67,796
|
82,377
|
| Current portion of long-term debt, less unamortized debt issuance cost |
381,504
|
2,616,992
|
| Liabilities associated with discontinued operations |
502,448
|
199,940
|
| Total current liabilities |
3,908,609
|
6,192,609
|
| Deferred gain on sale and leaseback of property |
125,262
|
226,240
|
| Long-term debt, less current portion and unamortized debt issuance cost |
6,968,369
|
4,207,629
|
| Other long-term liability |
320,000
|
300,000
|
| Total liabilities |
11,322,240
|
10,926,478
|
| Commitments and contingencies |
|
|
| Stockholders' equity: |
|
|
| Common stock, $.004 par value per share, 60,000,000 shares authorized, 27,428,752 and 27,391,722 shares issued at September 30, 2016 and December 31, 2015, respectively, including shares held in treasury |
109,715
|
109,567
|
| Common stock held in treasury, at cost - 86,000 shares |
(101,480)
|
(101,480)
|
| Additional paid-in capital |
30,355,029
|
29,636,087
|
| Accumulated deficit |
(39,533,313)
|
(37,928,556)
|
| Total stockholders' equity |
4,767,591
|
5,653,258
|
| Total liabilities and stockholders' equity |
16,089,831
|
16,579,736
|
| Series A Convertible Preferred Stock [Member] |
|
|
| Stockholders' equity: |
|
|
| Preferred stock, $.001 par value per share, 1,000,000 shares authorized |
8,802,000
|
8,802,000
|
| Series A Exchangeable Preferred Stock [Member] |
|
|
| Stockholders' equity: |
|
|
| Preferred stock, $.001 par value per share, 1,000,000 shares authorized |
$ 5,135,640
|
$ 5,135,640
|