• Filing Date: 2017-08-21
  • Form Type: 10-Q
  • Description: Quarterly report
v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2017
Mar. 31, 2017
ASSETS    
Cash and cash equivalents $ 1,750,323 $ 1,982,276
Accounts receivable, net of allowance for doubtful accounts of $25,000 1,028,234 862,619
Inventories 486,649 369,796
Prepaid expenses and other current assets 18,505 35,752
Total current assets 3,283,711 3,250,443
Property and equipment, net of accumulated depreciation of $43,436 and $32,562, respectively 160,124 170,998
Inventories - long-term portion 20,331 56,611
Intangible assets, net of accumulated amortization of $9,593 and $9,244, respectively 11,341 11,690
Other assets 92,644 104,907
Deferred tax asset 851,000 926,000
Total other assets 1,135,440 1,270,206
Total assets 4,419,151 4,520,649
LIABILITIES AND STOCKHOLDERS' EQUITY    
Capital lease payable 31,196 30,895
Accounts payable 175,183 269,007
Accrued expenses and other current liabilities 141,770 148,731
Customer deposits 125,142 125,142
Due to stockholder 107,699 195,562
Total current liabilities 580,990 769,337
Capital lease payable, net of current portion 78,778 83,812
Total liabilities 659,768 853,149
Stockholders' equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0005 par value; 150,000,000 shares authorized, 67,588,492 shares issued and outstanding 33,794 33,794
Additional paid-in capital 33,294,069 33,294,069
Accumulated deficit (29,568,480) (29,660,363)
Total stockholders' equity 3,759,383 3,667,500
Total liabilities and stockholders' equity $ 4,419,151 $ 4,520,649