Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v2.4.1.9
Balance Sheets (USD $)
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 6,169,375us-gaap_CashAndCashEquivalentsAtCarryingValue $ 7,912,011us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 833,470us-gaap_AccountsReceivableNetCurrent 446,521us-gaap_AccountsReceivableNetCurrent
Inventories, net 233,961us-gaap_InventoryNet 251,338us-gaap_InventoryNet
Prepayments and other current assets 264,090us-gaap_PrepaidExpenseAndOtherAssetsCurrent 263,605us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 7,500,896us-gaap_AssetsCurrent 8,873,475us-gaap_AssetsCurrent
Property and equipment, net 496,473us-gaap_PropertyPlantAndEquipmentNet 374,376us-gaap_PropertyPlantAndEquipmentNet
Patents, net 1,023,768us-gaap_FiniteLivedIntangibleAssetsNet 1,012,964us-gaap_FiniteLivedIntangibleAssetsNet
Other non-current assets 17,920us-gaap_OtherAssetsNoncurrent 17,920us-gaap_OtherAssetsNoncurrent
Total Assets 9,039,057us-gaap_Assets 10,278,735us-gaap_Assets
Current liabilities:    
Accounts payable 687,404us-gaap_AccountsPayableCurrent 441,636us-gaap_AccountsPayableCurrent
Accrued expenses 1,017,229us-gaap_AccruedLiabilitiesCurrent 773,119us-gaap_AccruedLiabilitiesCurrent
Total current liabilities 1,704,633us-gaap_LiabilitiesCurrent 1,214,755us-gaap_LiabilitiesCurrent
Commitments      
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 7,066,137 and 7,048,235 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively 7,066us-gaap_CommonStockValue 7,048us-gaap_CommonStockValue
Additional paid-in capital 33,175,444us-gaap_AdditionalPaidInCapital 32,712,020us-gaap_AdditionalPaidInCapital
Treasury stock (2,657)us-gaap_TreasuryStockValue (2,657)us-gaap_TreasuryStockValue
Accumulated deficit (25,845,429)us-gaap_RetainedEarningsAccumulatedDeficit (23,652,431)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 7,334,424us-gaap_StockholdersEquity 9,063,980us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity $ 9,039,057us-gaap_LiabilitiesAndStockholdersEquity $ 10,278,735us-gaap_LiabilitiesAndStockholdersEquity