v3.26.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
   Cash and cash equivalents $ 1,710,280 $ 2,032,468
   Accounts receivable, net 2,197,349 1,711,047
   Inventories, net 3,870,200 4,220,822
   Prepaid expenses and other current assets 566,951 548,379
   Deferred cost on shipments to distributors 125,247 122,480
      Total current assets 8,470,027 8,635,196
Property and equipment:    
   Machinery and office equipment 3,125,288 3,101,647
   Computer equipment 3,816,571 3,786,880
  6,941,859 6,888,527
   Accumulated depreciation (5,023,208) (4,763,692)
      Property and equipment, net 1,918,651 2,124,835
Intangible assets, net 1,272,953 1,304,777
Other long-term assets 285,911 285,911
Operating lease right-of-use asset 1,953,015 2,086,621
      Total assets 13,900,557 14,437,340
Current liabilities:    
   Accounts payable and accrued expenses 1,299,202 1,309,675
   Accrued payroll and related expenses 543,154 713,205
   Deferred revenue on shipments to distributors 345,793 335,874
   Short term portion of deferred service revenue 17,081 18,091
   Subordinated convertible notes payable, net of discount 500,000 400,000
   Subordinated convertible notes payable, net of discount-related party 5,486,652 5,083,007
   Operating lease – current portion 586,322 575,172
      Total current liabilities 8,778,204 8,435,024
Long-term portion of deferred service revenue 8,691 10,167
Long-term portion of operating lease 1,564,571 1,713,536
   Total liabilities 10,351,466 10,158,727
Commitments and contingencies
Stockholders’ equity:    
Common Stock, Value, Issued 8,223 7,977
   Additional paid-in capital 70,031,894 69,862,086
   Treasury stock (1,037,988) (1,037,988)
   Accumulated deficit (65,453,038) (64,553,462)
      Total stockholders’ equity 3,549,091 4,278,613
         Total liabilities and stockholders’ equity $ 13,900,557 $ 14,437,340