Table Trac (TBTC) 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 13, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'TABLE TRAC INC	'
Entity Central Index Key	'0001090396	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'TBTC	'
Entity Common Stock, Shares Outstanding	'	4,782,305

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash	$1,538,599	$1,038,288
Accounts receivable, net of allowance for doubtful accounts of $112,054 at September 30, 2014 and December 31, 2013	2,216,921	3,240,412
Inventory	708,986	474,778
Prepaid expenses	150,994	146,102
Other current assets	0	631
Income taxes receivable	46,046	85,551
TOTAL CURRENT ASSETS	4,661,546	4,985,762
LONG-TERM ASSETS	'	'
Patent, net	3,344	4,367
Property and equipment, net	2,858	10,953
System under rental program, net	0	4,759
Other long term assets	326,019	428,500
Deferred tax asset	13,000	20,000
Long-term accounts receivable - financed contracts	687,986	904,410
TOTAL LONG-TERM ASSETS	1,033,207	1,372,989
TOTAL ASSETS	5,694,753	6,358,751
CURRENT LIABILITIES	'	'
Accounts payable and accrued expenses	162,862	567,051
Payroll liabilities	43,824	35,299
Current portion of note payable	0	8,180
Deferred revenue - short term	29,700	44,950
Income taxes payable	147,513	0
Deferred tax liability	829,947	957,747
TOTAL CURRENT LIABILITIES	1,213,846	1,613,227
LONG-TERM LIABILITIES	'	'
Deferred revenue - long term	1,088,209	1,536,862
TOTAL LIABILITIES	2,302,055	3,150,089
STOCKHOLDERS' EQUITY	'	'
Common stock, 0.001 par value; 25,000,000 shares authorized: 4,782,305 shares issued and outstanding at September 30, 2014 and 4,774,805 at December 31, 2013	4,777	4,770
Additional paid-in capital	1,892,165	1,885,422
Retained earnings	1,497,178	1,319,892
Stockholders' Equity before Treasury Stock	3,394,120	3,210,084
Treasury stock, 1,000 shares (at cost) at September 30, 2014 and December 31, 2013	-1,422	-1,422
TOTAL STOCKHOLDERS' EQUITY	3,392,698	3,208,662
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$5,694,753	$6,358,751

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Allowance for doubtful accounts (in dollars)	$112,054	$112,054
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	4,782,305	4,774,805
Common stock, shares outstanding	4,782,305	4,774,805
Treasury stock, shares	1,000	1,000

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues	$870,744	$1,221,370	$2,946,256	$3,555,736
Cost of sales	125,021	384,422	656,568	1,010,314
Gross profit	745,723	836,948	2,289,688	2,545,422
Operating Expenses:	'	'	'	'
Selling, general and administrative	689,766	659,163	2,082,751	2,092,167
Income from operations	55,957	177,785	206,937	453,255
Interest income	17,289	28,180	53,361	66,469
Income before taxes	73,246	205,965	260,298	519,724
Income tax expense	20,012	50,155	83,012	168,655
Net income	$53,234	$155,810	$177,286	$351,069
Basic earnings per common share (in dollars per share)	$0.01	$0.03	$0.04	$0.07
Weighted-average basic shares outstanding (in shares)	4,782,305	4,767,305	4,777,690	4,762,662
Diluted earnings per common share (in dollars per share)	$0.01	$0.03	$0.04	$0.07
Weighted-average diluted shares outstanding (in shares)	4,782,305	4,767,305	4,777,690	4,762,662

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOW (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES	'	'
Net Income	$177,286	$351,069
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	16,062	40,002
Deferred income taxes	-120,800	168,000
Stock issued for services	6,750	3,825
Changes in operating assets and liabilities:	'	'
Accounts receivable	1,239,915	-403,005
Inventory	-234,208	-210,120
Prepaid expenses and other assets	98,220	-97,184
Accounts payable and accrued expenses	-404,189	54,515
Payroll liabilities	8,525	8,704
Deferred revenue	-463,903	389,492
Income taxes receivable / payable	187,018	-2,385
Net cash provided by operating activities	510,676	302,913
INVESTING ACTIVITIES	'	'
Purchase of property and equipment	-2,185	0
Net cash used in financing activities	-2,185	0
FINANCING ACTIVITIES	'	'
Payments on note payable	-8,180	-8,180
Net cash used in financing activities	-8,180	-8,180
NET INCREASE IN CASH	500,311	294,733
CASH	'	'
Beginning of period	1,038,288	609,690
End of period	1,538,599	904,423
Cash paid for income taxes	$13,971	$0

Nature_of_Business_and_Summary

Nature of Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	'
		1	Nature of Business and Summary of Significant Accounting Policies –
	Basis of Presentation
	The accompanying unaudited condensed financial statements of Table Trac have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. The balance sheet as of September 30, 2014 and the statements of operations and cash flows for the three and nine months ended September 30, 2014 and 2013 are unaudited but include all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial position at such date and the operating results and cash flows for those periods. Certain information normally included in financial statements and related footnotes prepared in accordance with generally accepted accounting principles has been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. The accompanying financial statements should be read in conjunction with the financial statements and notes included in the Table Trac Annual Report on Form 10-K for the year ended December 31, 2013.
	Nature of Business
	Table Trac, Inc. (“the Company”) was formed under the laws of the State of Nevada in June 1995. The Company has its offices in Minnetonka, Minnesota. The Company has developed and sells an information and management system that automates and monitors various aspects of the operations of casinos.
	Table Trac provides system sales and technical support to casinos. System sales include installation, custom casino system configuration, and training. In addition, license and technical support are provided under separate license and service contracts.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Revenue Recognition
	The Company derives revenues from the sales of systems, licenses and maintenance fees, rental agreements and services.
	System Sales
	Revenue from systems that have been demonstrated to meet customer specifications during installation is recognized when evidence of an arrangement exists, the product has been installed, title and risk of loss have transferred to the customer and collection of the resulting receivable is reasonably assured. System sales, which are accounted for as multiple-element arrangements, include multiple products and/or services. For multiple-element arrangements, the Company allocates the revenue to each element based on their relative fair estimated value based on vendor specific objective evidence (VSOE) and recognizes the associated revenue when all revenue recognition criteria have been met for each element. If there are contracts the Company does not have VSOE of fair value of all elements, revenue is deferred until the earlier of VSOE being determined or when all elements have been delivered.
	The Company does offer its customers contracts with extended payment terms.  The Company must evaluate if any extended payment terms in the contract are an indicator of the revenue not being fixed or determinable.  Provided all other revenue recognition criteria have been satisfied, the Company recognizes the revenue if payment of a significant portion of the systems sales is due within 12 months of the delivery of the product.  The Company also analyzes its standard business practice of using long-term contracts and the history of collecting on extended payment term contracts without making concessions for determining if revenue should be recognized.  Revenue and associated set-up costs are deferred if contract terms exceed historical collection results or if a substantial portion of the contract is not due within 12 months after delivery of the product.  The Company analyzes each contract for proper revenue recognition based on that contract’s facts and circumstances.  Interest is recorded upon receipt to “other income” on the statements of operations.
	Maintenance revenue
	Maintenance revenue is recognized ratably over the contract period. The VSOE for maintenance is based upon the renewal rate for contracted services.
	Service revenue
	Service revenue is recognized after the services are performed and collection of the resulting receivable is reasonably assured. The VSOE for service revenue is established based upon prices for the services.
	Rental revenue
	The Company offers certain new customers a rental contract.  Revenues are billed monthly based on a per-game per-day basis.  There is an option to purchase the system after the rental agreement expires at a pre-determined residual value.
	Accounts Receivable / Allowance for Doubtful Accounts
	Accounts receivable are recorded at the invoiced amount. Accounts receivable include regular customer receivables and amounts from financed contracts coming due within 12 months. Amounts from financed contracts due beyond 12 months are recorded as "long-term accounts receivable – financed contracts."  Interest is recorded upon receipt to other income on the statements of operations. An allowance for doubtful accounts is recorded when the Company believes the amounts may not be collected. Management believes that receivables, net of the allowance for doubtful accounts, are fully collectible. While the ultimate result may differ, management believes that any write-off not allowed for will not have a material impact on the Company's financial position.
	Major Customers
	The following tables summarize significant customer information for the three and nine months ended September 30, 2014 and 2013:
			For the Nine Months Ended September 30
			2014						2013
			% Sales			% AR			% Sales			% AR
	A			8.4	%		5.4	%		35.6	%		26.7	%
	B			6.3	%		6.3	%		10.2	%		7.2	%
	C			0	%		0	%		0	%		13.1	%
	D			4.6	%		16.2	%		2.2	%		14.3	%
	E			17.7	%		11.7	%		0	%		0	%
	F			10.9	%		0	%		11.5	%		8.9	%
	G			5.3	%		5.5	%		1.2	%		4.3	%
	H			4.5	%		2.2	%		2.3	%		0.3	%
	All Others			42.3	%		52.7	%		37	%		25.2	%
	Total			100	%		100	%		100	%		100	%
			For the Three Months Ended September 30
				2014		2013
				% Sales		% Sales
	A			9.8	%		11.4	%
	B			18.4	%		29.5	%
	C			0	%		0	%
	D			6.4	%		6.2	%
	E			2.4	%		0	%
	F			6.7	%		11.5	%
	G			10.7	%		1.4	%
	H			10.2	%		1.9	%
	All Others			35.4	%		38.1	%
	Total			100	%		100	%
	Inventory
	Inventory, consisting of finished goods, is stated at the lower of cost or market. The average cost method is used to value inventory. Inventory is reviewed annually for the lower of cost or market and obsolescence. Any material cost found to be above market value or considered obsolete is written down accordingly. The Company had no obsolescence reserve as of September 30, 2014 and December 31, 2013.
	Research and Development
	The Company expenses all costs related to research and development as incurred. Research and development expense was $6,536 and $7,076 for the three months ended September 30, 2014 and 2013, and $17,117 and $15,837 for the nine months ended September 30, 2014 and 2013. Research and development expenses are included in selling, general and administrative expenses on the statements of operations.
	Deferred System Sales Costs
	Deferred system sales costs consist of installed system costs incurred on participation-based contracts. These costs are recognized on a straight-line basis over the term of the contract which is generally 18-105 months beginning when revenues are generated. At the end of the contract period, the customer will typically receive title to the system.
	Accounting Pronouncement
	In May 2014, the Financial Accounting Standards Board (FASB) issued guidance creating Accounting Standards Codification (“ASC”) Section 606, “Revenue from Contracts with Customers”. The new section will replace Section 605, “Revenue Recognition” and creates modifications to various other revenue accounting standards for specialized transactions and industries. The section is intended to conform revenue accounting principles with a concurrently issued International Financial Reporting Standards with previously differing treatment between United States practice and those of much of the rest of the world, as well as, to enhance disclosures related to disaggregated revenue information. The updated guidance is effective for annual reporting periods beginning on or after December 15, 2016, and interim periods within those annual periods. The Company will adopt the new provisions of this accounting standard at the beginning of 2017, since early adoption is not an option. The Company will further study the implications of this statement in order to evaluate the expected impact on the consolidated financial statements.

Accounts_Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Accounts Receivable [Text Block]	'
		2	Accounts Receivable –
	Accounts receivable consisted of the following as of September 30, 2014 and December 31, 2013:
			September 30, 2014		December 31, 2013
	Accounts receivable under normal 30 day terms		$	1,325,796	$	1,322,680
	Financed contracts:
	Short-term			22,754		332,209
	Current portion of long-term			980,425		1,697,577
	Long-term, net of current portion			687,986		904,410
	Total accounts receivable			3,016,961		4,256,876
	Less allowance for doubtful accounts			-112,054		-112,054
	Accounts receivable, net		$	2,904,907	$	4,144,822
	The allowance for financed and trade receivable represents management’s estimate of probable losses in our trade and financed receivables as of the date of the financial statements. The allowance provides for probable losses that have been identified with specific customer relationships and for probable losses believed to be inherent of the trade and financed receivables but have not been specifically identified.
	Included in Accounts receivable – Financed contracts as of September 30, 2014 and December 31, 2013 is $1,691,165 and $2,934,196 with an offset to deferred revenues on the balance sheet of $1,088,209 and $1,536,862 as of September 30, 2014 and December 31, 2013.
	A roll-forward of the Company’s allowance for doubtful accounts is as follows:
			September 30,		December 31,
			2014		2013
	Accounts receivable allowance, beginning of period		$	112,054	$	663,511
	Provision adjustment during period			0		-18,315
	Write-off			0		-533,142
	Accounts receivable allowance, end of period		$	112,054	$	112,054
	The allowance for doubtful accounts is $112,054 for the trade receivables and $0 for the financed contracts at both September 30, 2014 and December 31, 2013.

Stockholders_Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
		3	Stockholders’ Equity –
	As of September 30, 2014, the Company holds 1,000 common shares in treasury at a total cost of $1,422 for future employee issuances under the bonus program which was part of a 2009 repurchase of shares.

Income_Tax

Income Tax	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
		4	Income Tax –
	The Company accounts for income taxes by following the asset and liability approach to accounting for income taxes. Deferred tax assets and liabilities represent the future tax consequences of the differences between the financial statement carrying amounts of assets and liabilities versus the tax basis of assets and liabilities. Under this method, deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The impact of the tax rate changes on deferred tax assets and liabilities is recognized in the year that the change is enacted. Management believes that any write-off not allowed for will not have a material impact on the Company's financial position.
	The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. Based on its evaluation, it has concluded that there are no significant unrecognized tax positions. The Company’s evaluation was performed for the tax years ended December 31, 2011 through 2013, the tax years that remain subject to examination by major tax jurisdictions as of September 30, 2014. The Company does not believe there will be any material changes in its unrecognized tax positions over the next twelve months.
	The Company may from time to time be assessed interest or penalties by major tax jurisdictions, although any such assessments historically have been minimal and immaterial to its financial results. In accordance with current guidance, the Company classifies interest and penalties as income tax expense is incurred.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
		5	Earnings Per Share –
	The Company computes earnings per share under two different methods, basic and diluted, and presents per-share data for all periods in which statements of operations are presented. Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding.
	The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted loss per share for the three and nine months ended September 30, 2014 and 2013:
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2014		2013		2014		2013
	Basic earnings per share calculation:
	Net income to common stockholders		$	53,234	$	155,810	$	177,286	$	351,069
	Weighted average number of common shares outstanding			4,782,305		4,767,305		4,777,690		4,762,662
	Basic net income per share		$	0.01	$	0.03	$	0.04	$	0.07
	Diluted earnings per share calculation:
	Net income		$	53,234	$	155,810	$	177,286	$	351,069
	Weighted average number of common shares outstanding			4,782,305		4,767,305		4,777,690		4,762,662
	Common stock equivalents:
	Stock options		-1		-1		-1		-1
	Weighted average diluted shares outstanding			4,782,305		4,767,305		4,777,690		4,762,662
	Diluted net income per share		$	0.01	$	0.03	$	0.04	$	0.07
	(1)   Stock options outstanding of 60,000 were not included in the calculation as they would have been anti-dilutive.

Nature_of_Business_and_Summary1

Nature of Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue Recognition
	The Company derives revenues from the sales of systems, licenses and maintenance fees, rental agreements and services.
	System Sales
	Revenue from systems that have been demonstrated to meet customer specifications during installation is recognized when evidence of an arrangement exists, the product has been installed, title and risk of loss have transferred to the customer and collection of the resulting receivable is reasonably assured. System sales, which are accounted for as multiple-element arrangements, include multiple products and/or services. For multiple-element arrangements, the Company allocates the revenue to each element based on their relative fair estimated value based on vendor specific objective evidence (VSOE) and recognizes the associated revenue when all revenue recognition criteria have been met for each element. If there are contracts the Company does not have VSOE of fair value of all elements, revenue is deferred until the earlier of VSOE being determined or when all elements have been delivered.
	The Company does offer its customers contracts with extended payment terms.  The Company must evaluate if any extended payment terms in the contract are an indicator of the revenue not being fixed or determinable.  Provided all other revenue recognition criteria have been satisfied, the Company recognizes the revenue if payment of a significant portion of the systems sales is due within 12 months of the delivery of the product.  The Company also analyzes its standard business practice of using long-term contracts and the history of collecting on extended payment term contracts without making concessions for determining if revenue should be recognized.  Revenue and associated set-up costs are deferred if contract terms exceed historical collection results or if a substantial portion of the contract is not due within 12 months after delivery of the product.  The Company analyzes each contract for proper revenue recognition based on that contract’s facts and circumstances.  Interest is recorded upon receipt to “other income” on the statements of operations.
	Maintenance revenue
	Maintenance revenue is recognized ratably over the contract period. The VSOE for maintenance is based upon the renewal rate for contracted services.
	Service revenue
	Service revenue is recognized after the services are performed and collection of the resulting receivable is reasonably assured. The VSOE for service revenue is established based upon prices for the services.
	Rental revenue
	The Company offers certain new customers a rental contract.  Revenues are billed monthly based on a per-game per-day basis.  There is an option to purchase the system after the rental agreement expires at a pre-determined residual value.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	'
	Accounts Receivable / Allowance for Doubtful Accounts
	Accounts receivable are recorded at the invoiced amount. Accounts receivable include regular customer receivables and amounts from financed contracts coming due within 12 months. Amounts from financed contracts due beyond 12 months are recorded as "long-term accounts receivable – financed contracts."  Interest is recorded upon receipt to other income on the statements of operations. An allowance for doubtful accounts is recorded when the Company believes the amounts may not be collected. Management believes that receivables, net of the allowance for doubtful accounts, are fully collectible. While the ultimate result may differ, management believes that any write-off not allowed for will not have a material impact on the Company's financial position.
	Major Customers
	The following tables summarize significant customer information for the three and nine months ended September 30, 2014 and 2013:
		For the Nine Months Ended September 30
		2014						2013
		% Sales			% AR			% Sales			% AR
	A		8.4	%		5.4	%		35.6	%		26.7	%
	B		6.3	%		6.3	%		10.2	%		7.2	%
	C		0	%		0	%		0	%		13.1	%
	D		4.6	%		16.2	%		2.2	%		14.3	%
	E		17.7	%		11.7	%		0	%		0	%
	F		10.9	%		0	%		11.5	%		8.9	%
	G		5.3	%		5.5	%		1.2	%		4.3	%
	H		4.5	%		2.2	%		2.3	%		0.3	%
	All Others		42.3	%		52.7	%		37	%		25.2	%
	Total		100	%		100	%		100	%		100	%
		For the Three Months Ended September 30
			2014		2013
			% Sales		% Sales
	A		9.8	%		11.4	%
	B		18.4	%		29.5	%
	C		0	%		0	%
	D		6.4	%		6.2	%
	E		2.4	%		0	%
	F		6.7	%		11.5	%
	G		10.7	%		1.4	%
	H		10.2	%		1.9	%
	All Others		35.4	%		38.1	%
	Total		100	%		100	%
Inventory, Policy [Policy Text Block]	'
	Inventory
	Inventory, consisting of finished goods, is stated at the lower of cost or market. The average cost method is used to value inventory. Inventory is reviewed annually for the lower of cost or market and obsolescence. Any material cost found to be above market value or considered obsolete is written down accordingly. The Company had no obsolescence reserve as of September 30, 2014 and December 31, 2013.
Research and Development Expense, Policy [Policy Text Block]	'
	Research and Development
	The Company expenses all costs related to research and development as incurred. Research and development expense was $6,536 and $7,076 for the three months ended September 30, 2014 and 2013, and $17,117 and $15,837 for the nine months ended September 30, 2014 and 2013. Research and development expenses are included in selling, general and administrative expenses on the statements of operations.
Deferred System Sales Costs [Policy Text Block]	'
	Deferred System Sales Costs
	Deferred system sales costs consist of installed system costs incurred on participation-based contracts. These costs are recognized on a straight-line basis over the term of the contract which is generally 18-105 months beginning when revenues are generated. At the end of the contract period, the customer will typically receive title to the system.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Accounting Pronouncement
	In May 2014, the Financial Accounting Standards Board (FASB) issued guidance creating Accounting Standards Codification (“ASC”) Section 606, “Revenue from Contracts with Customers”. The new section will replace Section 605, “Revenue Recognition” and creates modifications to various other revenue accounting standards for specialized transactions and industries. The section is intended to conform revenue accounting principles with a concurrently issued International Financial Reporting Standards with previously differing treatment between United States practice and those of much of the rest of the world, as well as, to enhance disclosures related to disaggregated revenue information. The updated guidance is effective for annual reporting periods beginning on or after December 15, 2016, and interim periods within those annual periods. The Company will adopt the new provisions of this accounting standard at the beginning of 2017, since early adoption is not an option. The Company will further study the implications of this statement in order to evaluate the expected impact on the consolidated financial statements.

Nature_of_Business_and_Summary2

Nature of Business and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Revenue from External Customers by Geographic Areas [Table Text Block]	'
	The following tables summarize significant customer information for the three and nine months ended September 30, 2014 and 2013:
		For the Nine Months Ended September 30
		2014						2013
		% Sales			% AR			% Sales			% AR
	A		8.4	%		5.4	%		35.6	%		26.7	%
	B		6.3	%		6.3	%		10.2	%		7.2	%
	C		0	%		0	%		0	%		13.1	%
	D		4.6	%		16.2	%		2.2	%		14.3	%
	E		17.7	%		11.7	%		0	%		0	%
	F		10.9	%		0	%		11.5	%		8.9	%
	G		5.3	%		5.5	%		1.2	%		4.3	%
	H		4.5	%		2.2	%		2.3	%		0.3	%
	All Others		42.3	%		52.7	%		37	%		25.2	%
	Total		100	%		100	%		100	%		100	%
		For the Three Months Ended September 30
			2014		2013
			% Sales		% Sales
	A		9.8	%		11.4	%
	B		18.4	%		29.5	%
	C		0	%		0	%
	D		6.4	%		6.2	%
	E		2.4	%		0	%
	F		6.7	%		11.5	%
	G		10.7	%		1.4	%
	H		10.2	%		1.9	%
	All Others		35.4	%		38.1	%
	Total		100	%		100	%

Accounts_Receivable_Tables

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	Accounts receivable consisted of the following as of September 30, 2014 and December 31, 2013:
		September 30, 2014		December 31, 2013
	Accounts receivable under normal 30 day terms	$	1,325,796	$	1,322,680
	Financed contracts:
	Short-term		22,754		332,209
	Current portion of long-term		980,425		1,697,577
	Long-term, net of current portion		687,986		904,410
	Total accounts receivable		3,016,961		4,256,876
	Less allowance for doubtful accounts		-112,054		-112,054
	Accounts receivable, net	$	2,904,907	$	4,144,822
Schedule of Allowance Accounts Receivable [Table Text Block]	'
	A roll-forward of the Company’s allowance for doubtful accounts is as follows:
		September 30,		December 31,
		2014		2013
	Accounts receivable allowance, beginning of period	$	112,054	$	663,511
	Provision adjustment during period		0		-18,315
	Write-off		0		-533,142
	Accounts receivable allowance, end of period	$	112,054	$	112,054

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted loss per share for the three and nine months ended September 30, 2014 and 2013:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Basic earnings per share calculation:
	Net income to common stockholders	$	53,234	$	155,810	$	177,286	$	351,069
	Weighted average number of common shares outstanding		4,782,305		4,767,305		4,777,690		4,762,662
	Basic net income per share	$	0.01	$	0.03	$	0.04	$	0.07
	Diluted earnings per share calculation:
	Net income	$	53,234	$	155,810	$	177,286	$	351,069
	Weighted average number of common shares outstanding		4,782,305		4,767,305		4,777,690		4,762,662
	Common stock equivalents:
	Stock options	-1		-1		-1		-1
	Weighted average diluted shares outstanding		4,782,305		4,767,305		4,777,690		4,762,662
	Diluted net income per share	$	0.01	$	0.03	$	0.04	$	0.07
	(1)   Stock options outstanding of 60,000 were not included in the calculation as they would have been anti-dilutive.

Nature_of_Business_and_Summary3

Nature of Business and Summary of Significant Accounting Policies (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Accounts Receivable [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	100.00%	100.00%
Accounts Receivable [Member] | Customer A [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	5.40%	26.70%
Accounts Receivable [Member] | Customer B [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	6.30%	7.20%
Accounts Receivable [Member] | Customer C [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	0.00%	13.10%
Accounts Receivable [Member] | Customer D [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	16.20%	14.30%
Accounts Receivable [Member] | Customer E [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	11.70%	0.00%
Accounts Receivable [Member] | Customer F [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	0.00%	8.90%
Accounts Receivable [Member] | Customer G [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	5.50%	4.30%
Accounts Receivable [Member] | Customer H [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	2.20%	0.30%
Accounts Receivable [Member] | All Others [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% AR	'	'	52.70%	25.20%
Sales [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	100.00%	100.00%	100.00%	100.00%
Sales [Member] | Customer A [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	9.80%	11.40%	8.40%	35.60%
Sales [Member] | Customer B [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	18.40%	29.50%	6.30%	10.20%
Sales [Member] | Customer C [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	0.00%	0.00%	0.00%	0.00%
Sales [Member] | Customer D [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	6.40%	6.20%	4.60%	2.20%
Sales [Member] | Customer E [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	2.40%	0.00%	17.70%	0.00%
Sales [Member] | Customer F [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	6.70%	11.50%	10.90%	11.50%
Sales [Member] | Customer G [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	10.70%	1.40%	5.30%	1.20%
Sales [Member] | Customer H [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	10.20%	1.90%	4.50%	2.30%
Sales [Member] | All Others [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
% Sales	35.40%	38.10%	42.30%	37.00%

Nature_of_Business_and_Summary4

Nature of Business and Summary of Significant Accounting Policies (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Summary Of Significant Accounting Policies [Line Items]	'	'	'	'
Research and Development Expense	$6,536	$7,076	$17,117	$15,837

Accounts_Receivable_Details

Accounts Receivable (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts receivable under normal 30 day terms	$1,325,796	$1,322,680
Financed contracts:	'	'
Short-term	22,754	332,209
Current portion of long-term	980,425	1,697,577
Long-term, net of current portion	687,986	904,410
Total accounts receivable	3,016,961	4,256,876
Less allowance for doubtful accounts	-112,054	-112,054
Accounts receivable, net	$2,904,907	$4,144,822

Accounts_Receivable_Details_1

Accounts Receivable (Details 1) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Schedule Of Allowance Accounts Receivable [Line Items]	'	'
Accounts receivable allowance, beginning of period	$112,054	$663,511
Provision adjustment during period	0	-18,315
Write-off	0	-533,142
Accounts receivable allowance, end of period	$112,054	$112,054

Accounts_Receivable_Details_Te

Accounts Receivable (Details Textual) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Deferred Revenue	$1,088,209	$1,536,862
Allowance for Doubtful Accounts Receivable, Current	112,054	112,054
Financed Contracts [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Financed Contracts	1,691,165	2,934,196
Allowance for Doubtful Accounts Receivable, Current	$0	$0

Stockholders_Equity_Details_Te

Stockholders' Equity (Details Textual) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Treasury Stock, Shares	1,000	1,000
Treasury Stock, Value	$1,422	$1,422

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Basic earnings per share calculation:	'		'		'		'
Net income to common stockholders	$53,234		$155,810		$177,286		$351,069
Weighted average number of common shares outstanding (in shares)	4,782,305		4,767,305		4,777,690		4,762,662
Basic net income per share (in dollars per share)	$0.01		$0.03		$0.04		$0.07
Diluted earnings per share calculation:	'		'		'		'
Net income	$53,234		$155,810		$177,286		$351,069
Weighted average number of common shares outstanding (in shares)	4,782,305		4,767,305		4,777,690		4,762,662
Common stock equivalents:	'		'		'		'
Stock options	'	[1]	'	[1]	'	[1]	'	[1]
Weighted average diluted shares outstanding (in shares)	4,782,305		4,767,305		4,777,690		4,762,662
Diluted net income per share (in dollars per share)	$0.01		$0.03		$0.04		$0.07
[1]	Stock options outstanding of 60,000 were not included in the calculation as they would have been anti-dilutive.

Earnings_Per_Share_Details_Tex

Earnings Per Share (Details Textual)	9 Months Ended
	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	60,000