v3.26.1
Condensed Balance Sheets (unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
      Cash and cash equivalents $ 11,913,000 $ 11,553,600
      Accounts receivable less $12,000 allowance for credit losses 1,132,000 936,700
      Inventory, net of allowance of $94,100 and $114,200, respectively 404,100 456,900
      Prepaid and other 86,800 144,100
           Total current assets 13,535,900 13,091,300
Fixed assets    
      Leasehold improvements 95,100 81,500
      Furniture, fixtures and equipment 179,700 179,700
      Fixed assets, gross 274,800 261,200
      Less: accumulated depreciation and amortization 253,600 251,200
           Total fixed assets 21,200 10,000
Other assets    
      Long-term receivables 639,600 775,000
      Operating lease right of use – building 142,300 161,300
          Total other assets 781,900 936,300
          Total assets 14,339,000 14,037,600
Current liabilities    
      Accounts payable 33,500 30,600
      Accrued expenses 114,200 153,300
      Stock compensation payable 48,300 26,700
      Operating lease liability – current 82,200 80,200
          Total current liabilities 278,200 290,800
Long-term liabilities    
      Operating lease liability – non-current 67,100 88,700
      Accrued expenses, non-current 44,700 54,300
           Total long-term liabilities 111,800 143,000
           Total liabilities 390,000 433,800
Stockholders' equity    
Preferred stock, $1.00 par value, authorized – 3,000,000 shares 0 0
Common stock, $0.01 par value, authorized – 75,000,000 shares, Issued and outstanding – March 31, 2026-11,101,789 shares; December 31, 2025-10,835,123 111,000 108,300
Paid-in capital 26,103,700 25,698,900
Accumulated deficit (12,265,700) (12,203,400)
Total stockholders' equity 13,949,000 13,603,800
Total liabilities and stockholders' equity $ 14,339,000 $ 14,037,600