| Cash |
3.97M |
| Certificates of Deposit |
| Accounts receivable less allowance for doubtful accounts of $14,748 and $12,128 for August 31, 2011 and February 28, 2011 respectively |
1.35M |
| Inventory |
1.07M |
| Prepaid expenses |
365.72K |
| Deferred Tax Asset |
| Total Current Assets |
7.01M |
| PROPERTY & EQUIPMENT, less accumulated depreciation of $1,360,342 and $1,316,822 at August 31, 2011 and February 28, 2011 respectively |
968.46K |
| Patents, net of accumulated amortization of $105,072 .and $102,314 at August 31, 2011 and February 28, 2011, respectively |
| Security deposit |
| Total Other Assets |
31.49K |
| TOTAL ASSETS |
8.34M |
| Note payable - current portion |
| Notes payable to related parties - current portion |
| Deferred capital gain - current portion |
| Accounts payable |
710.03K |
| Accrued expenses |
571.92K |
| Accrued payroll and related taxes |
109.22K |
| Total Current Liabilities |
1.41M |
| Note payable - less current portion |
| Notes payable to related parties - less current portion |
| Deferred capital gain less current portion |
| Total Other Liabilities |
| Total Liabilities |
1.54M |
| Common Stock, $0.01 par value, 50,000,000 shares authorized, 38,602,667 and 36,577,667 issued and outstanding at August 31, 2011 and February 28, 2011 respectively |
404.88K |
| Additional paid-in Capital |
4.08M |
| Accumulated deficit |
2.7M |
| Total Stockholders' Equity before Treasury Stock |
| Less: Treasury Stock, 2,275,000 shares at cost at August 31, 2011 and February 28, 2011 |
-367.44K |
| Total Stockholders' Equity |
6.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
8.34M |
