Table Trac (TBTC) 10-Q 14 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	14-May-15
Document Information [Line Items]
Entity Registrant Name	TABLE TRAC INC
Entity Central Index Key	1090396
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	TBTC
Entity Common Stock, Shares Outstanding		4,655,734
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$957,203	$1,208,201
Accounts receivable, net	2,506,938	2,224,576
Inventory	794,092	893,743
Prepaid expenses and other current assets	109,787	98,607
Income taxes receivable	52,048	16,610
TOTAL CURRENT ASSETS	4,420,068	4,441,737
LONG-TERM ASSETS
Patent, net	2,662	3,003
Property and equipment, net	4,668	2,138
Other long-term assets	301,055	344,816
Deferred tax asset	18,000	19,000
Long-term accounts receivable - financed contracts	606,974	675,683
TOTAL LONG-TERM ASSETS	933,359	1,044,640
TOTAL ASSETS	5,353,427	5,486,377
CURRENT LIABILITIES
Accounts payable and accrued expenses	302,552	217,352
Payroll liabilities	61,934	60,726
Deferred revenue - short-term	35,850	38,975
Income taxes payable	0	109,967
Deferred tax liability	789,947	766,947
TOTAL CURRENT LIABILITIES	1,190,283	1,193,967
LONG-TERM LIABILITIES
Deferred revenue - long-term	954,556	1,090,746
TOTAL LIABILITIES	2,144,839	2,284,713
STOCKHOLDERS' EQUITY
Common stock, 0.001 par value; 25,000,000 shares authorized: 4,655,734 shares issued and 4,614,517 outstanding at March 31, 2015 and 4,705,734 issued and 4,704,734 outstanding at December 31, 2014	4,656	4,706
Additional paid-in capital	1,801,248	1,845,198
Retained earnings	1,440,349	1,353,182
Stockholders' Equity before Treasury Stock	3,246,253	3,203,086
Treasury stock, 41,217 and 1,000 shares (at cost) at March 31, 2015 and December 31, 2014	-37,665	-1,422
TOTAL STOCKHOLDERS’ EQUITY	3,208,588	3,201,664
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$5,353,427	$5,486,377

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	4,655,734	4,705,734
Common stock, shares outstanding	4,614,517	4,704,734
Treasury stock, shares	41,217	1,000

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues	$1,347,484	$1,168,210
Cost of sales	400,524	322,034
Gross profit	946,960	846,176
Operating Expenses:
Selling, general and administrative	819,386	750,344
Income from operations	127,574	95,832
Interest income	7,588	24,613
Income before taxes	135,162	120,445
Income tax expense	48,000	44,000
Net income	$87,162	$76,445
Basic earnings per common share	$0.02	$0.02
Weighted-average basic shares outstanding	4,660,109	4,774,805
Diluted earnings per common share	$0.02	$0.02
Weighted-average diluted shares outstanding	4,660,109	4,774,805

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOW (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES
Net income	$87,162	$76,445
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,061	8,486
Deferred income taxes	24,000	-14,000
Changes in operating assets and liabilities:
Accounts receivable	-213,653	884,898
Inventory	99,651	-2,510
Prepaid expenses and other assets	32,581	47,009
Accounts payable and accrued expenses	93,955	-309,919
Payroll liabilities	1,208	18,222
Deferred revenue	-139,315	-272,260
Income taxes receivable / payable	-145,405	47,495
Net cash provided by (used in) operating activities	-158,755	483,866
INVESTING ACTIVITIES
Purchase of property and equipment	-3,250	-2,185
Net cash used in investing activities	-3,250	-2,185
FINANCING ACTIVITIES
Payments on note payable	0	-2,727
Repurchase of common stock	-88,993	0
Net cash used in financing activities	-88,993	-2,727
NET INCREASE (DECREASE) IN CASH	-250,998	478,954
CASH
Beginning of year	1,208,201	1,038,288
End of period	957,203	1,517,242
Cash paid for income taxes	($150,000)

Nature_of_Business_and_Summary

Nature of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
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, Inc. (the “Company,” or “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 March 31, 2015 and the statements of operations and cash flows for the three months ended March 31, 2015 and 2014 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, 2014.
	Nature of Business
	Table Trac 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. The Company uses estimates and assumptions in accounting for the following significant matters, among others: revenue recognition, realizability of accounts receivable, the valuation of deferred tax assets and liabilities, deferred revenue and costs, and other contingencies. Actual results could differ from those estimates.
	Revenue Recognition
	The Company derives revenues from the sales of systems, licenses and maintenance fees, and services, and rental agreements.
	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 is 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 costs of sales 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 the price determined by management having the relative authority when the element is not yet sold separately for the services.
	Rental revenue
	The Company may offer customers a rental contract.  Revenues are billed monthly on a per-game per-day basis. There is an option to purchase the system after the rental contract expires at a pre-determined residual value.
	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 18-48 months beginning when revenues are generated. At the end of the contract period, the customer will usually receive title to the system.
	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 table summarizes major customer information for the three months ended March 31, 2015 and 2014:
			For the Three Months Ended March 31
			2015						2014
			% Sales			% AR			% Sales			% AR
	A			51.6	%		21.3	%		9.6	%		3.7	%
	B			1.8	%		11.5	%		15.9	%		11.3	%
	C			6.6	%		0.2	%		10.4	%		0.8	%
	D			4.1	%		13.9	%		5.9	%		16	%
	All Others			35.9	%		53.1	%		58.2	%		68.2	%
	Total			100	%		100	%		100	%		100	%
	Inventory
	Inventory, consisting of finished goods, is stated at the lower of cost or market. The average cost method, which approximates the first in, first out 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 inventory value as of March 31, 2015 was $794,092, which included work-in-process of $206,943. The Company had no obsolescence reserve at March 31, 2015 and December 31, 2014.
	Research and Development
	The Company expenses all costs related to research and development as incurred. Research and development expense was $11,282 and $6,996 for the three months ended March 31, 2015 and 2014, respectively. Research and development expenses are included in selling, general and administrative expenses on the statements of operations.
	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 to 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	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Accounts Receivable [Text Block]	2.	Accounts Receivable –
	Accounts receivable consisted of the following at March 31, 2015 and December 31, 2014:
			March 31, 2015		December 31, 2014
	Accounts receivable under normal 30 day terms		$	1,233,140	$	1,406,665
	Financed contracts:
	Short-term			591,956		22,754
	Current portion of long-term			782,921		896,236
	Long-term, net of current portion			606,974		675,683
	Total accounts receivable			3,214,991		3,001,338
	Less allowance for doubtful accounts			-101,079		-101,079
	Accounts receivable, net		$	3,113,912	$	2,900,259
	Presented on the balance sheet as:
	Accounts receivable, net		$	2,506,938	$	2,224,576
	Long-term accounts receivable - financed contracts			606,974		675,683
	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 that have not been specifically identified.
	Accounts receivable includes Financed contracts at March 31, 2015 and December 31, 2014 which are $1,981,851 and $1,594,673, respectively, with an offset accounting for deferred revenues on the balance sheet of $954,556 and $1,090,746, respectively.
	A roll-forward of the Company’s allowance for doubtful accounts is as follows:
			March 31, 2015		December 31, 2014
	Accounts receivable allowance, beginning of period		$	101,079	$	112,054
	Provision adjustment during year			0		-10,975
	Write-off			0		0
	Accounts receivable allowance, end of period		$	101,079	$	101,079
	The allowance for doubtful accounts is $101,079 for the trade receivables and $0 for the financed contracts at both March 31, 2015 and December 31, 2014.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	3.	Stockholders’ Equity –
	Stock Repurchase Program
	On December 23, 2014, the Company’s Board of Directors approved up the repurchase of its outstanding shares of up to $100,000 of its common stock from private unsolicited sellers’ paper certificate blocks (non-street name) in the open market until March 31, 2015, unless extended by the Board of Directors. On March 17, 2015, the Company’s Board of Directors approved another repurchase of up to $75,000 for the same program. The remaining amount approved for repurchasing common stock is approximately $85,000 as of March 31, 2015. Company insiders are prohibited from participating in the stock repurchase program. The Company has repurchased 103,717 shares at an average price of $.87 per share through March 31, 2015.
	During the three month period ended March 31, 2015, the Company repurchased and retired 50,000 shares for approximately $44,000 at an average price of $.88 per share, and repurchased 40,217 shares for approximately $36,000 at an average price of $.90 per share for its treasury. As of March 31, 2015, the Company holds 41,217 common shares in treasury at a total cost of $37,665 for future employee issuances under the bonus program, which was part of the recent repurchase of shares.

Income_Tax

Income Tax	3 Months Ended
	Mar. 31, 2015
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, 2010 through 2014, the tax years that remain subject to examination by major tax jurisdictions as of March 31, 2015. 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_Loss_Per_Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	5.	Earnings (Loss) Per Share –
	The Company computes earnings (loss) 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 (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding. Diluted earnings (loss) per share is computed by dividing net income (loss) 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 months ended March 31, 2015 and 2014:
			For the Three Months Ended
			March 31,
			2015		2014
	Basic earnings per share calculation:
	Net income to common stockholders		$	87,162	$	76,445
	Weighted average number of common shares outstanding			4,660,109		4,774,805
	Basic net income per share		$	0.02	$	0.02
	Diluted earnings per share calculation:
	Net income		$	87,162	$	76,445
	Weighted average number of common shares outstanding			4,660,109		4,774,805
	Common stock equivalents:
	Stock options			-1		-2
	Weighted average diluted shares outstanding			4,660,109		4,774,805
	Diluted net income per share		$	0.02	$	0.02
	Stock options outstanding of (1) 10,000 and (2) 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)	3 Months Ended
	Mar. 31, 2015
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. The Company uses estimates and assumptions in accounting for the following significant matters, among others: revenue recognition, realizability of accounts receivable, the valuation of deferred tax assets and liabilities, deferred revenue and costs, and other contingencies. 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, and services, and rental agreements.
	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 is 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 costs of sales 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 the price determined by management having the relative authority when the element is not yet sold separately for the services.
	Rental revenue
	The Company may offer customers a rental contract.  Revenues are billed monthly on a per-game per-day basis. There is an option to purchase the system after the rental contract expires at a pre-determined residual value.
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 18-48 months beginning when revenues are generated. At the end of the contract period, the customer will usually receive title to the system.
Trade and Other Accounts Receivable, 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, Policy [Policy Text Block]	Major Customers
	The following table summarizes major customer information for the three months ended March 31, 2015 and 2014:
		For the Three Months Ended March 31
		2015						2014
		% Sales			% AR			% Sales			% AR
	A		51.6	%		21.3	%		9.6	%		3.7	%
	B		1.8	%		11.5	%		15.9	%		11.3	%
	C		6.6	%		0.2	%		10.4	%		0.8	%
	D		4.1	%		13.9	%		5.9	%		16	%
	All Others		35.9	%		53.1	%		58.2	%		68.2	%
	Total		100	%		100	%		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, which approximates the first in, first out 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 inventory value as of March 31, 2015 was $794,092, which included work-in-process of $206,943. The Company had no obsolescence reserve at March 31, 2015 and December 31, 2014.
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 $11,282 and $6,996 for the three months ended March 31, 2015 and 2014, respectively. Research and development expenses are included in selling, general and administrative expenses on the statements of operations.
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 to 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)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]	The following table summarizes major customer information for the three months ended March 31, 2015 and 2014:
		For the Three Months Ended March 31
		2015						2014
		% Sales			% AR			% Sales			% AR
	A		51.6	%		21.3	%		9.6	%		3.7	%
	B		1.8	%		11.5	%		15.9	%		11.3	%
	C		6.6	%		0.2	%		10.4	%		0.8	%
	D		4.1	%		13.9	%		5.9	%		16	%
	All Others		35.9	%		53.1	%		58.2	%		68.2	%
	Total		100	%		100	%		100	%		100	%

Accounts_Receivable_Tables

Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Accounts receivable consisted of the following at March 31, 2015 and December 31, 2014:
		March 31, 2015		December 31, 2014
	Accounts receivable under normal 30 day terms	$	1,233,140	$	1,406,665
	Financed contracts:
	Short-term		591,956		22,754
	Current portion of long-term		782,921		896,236
	Long-term, net of current portion		606,974		675,683
	Total accounts receivable		3,214,991		3,001,338
	Less allowance for doubtful accounts		-101,079		-101,079
	Accounts receivable, net	$	3,113,912	$	2,900,259
	Presented on the balance sheet as:
	Accounts receivable, net	$	2,506,938	$	2,224,576
	Long-term accounts receivable - financed contracts		606,974		675,683
Schedule of Allowance Accounts Receivable [Table Text Block]	A roll-forward of the Company’s allowance for doubtful accounts is as follows:
		March 31, 2015		December 31, 2014
	Accounts receivable allowance, beginning of period	$	101,079	$	112,054
	Provision adjustment during year		0		-10,975
	Write-off		0		0
	Accounts receivable allowance, end of period	$	101,079	$	101,079

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
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 months ended March 31, 2015 and 2014:
		For the Three Months Ended
		March 31,
		2015		2014
	Basic earnings per share calculation:
	Net income to common stockholders	$	87,162	$	76,445
	Weighted average number of common shares outstanding		4,660,109		4,774,805
	Basic net income per share	$	0.02	$	0.02
	Diluted earnings per share calculation:
	Net income	$	87,162	$	76,445
	Weighted average number of common shares outstanding		4,660,109		4,774,805
	Common stock equivalents:
	Stock options		-1		-2
	Weighted average diluted shares outstanding		4,660,109		4,774,805
	Diluted net income per share	$	0.02	$	0.02
	Stock options outstanding of (1) 10,000 and (2) 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
	Mar. 31, 2015	Mar. 31, 2014
Sales Revenue, Net [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	100.00%	100.00%
Sales Revenue, Net [Member] | Customer A [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	51.60%	9.60%
Sales Revenue, Net [Member] | Customer B [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	1.80%	15.90%
Sales Revenue, Net [Member] | Customer C [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	6.60%	10.40%
Sales Revenue, Net [Member] | Customer D [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	4.10%	5.90%
Sales Revenue, Net [Member] | All Others [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	35.90%	58.20%
Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	100.00%	100.00%
Accounts Receivable [Member] | Customer A [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	21.30%	3.70%
Accounts Receivable [Member] | Customer B [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	11.50%	11.30%
Accounts Receivable [Member] | Customer C [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	0.20%	0.80%
Accounts Receivable [Member] | Customer D [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	13.90%	16.00%
Accounts Receivable [Member] | All Others [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	53.10%	68.20%

Nature_of_Business_and_Summary4

Nature of Business and Summary of Significant Accounting Policies (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Research and Development Expense	$11,282	$6,996
Inventory, Net, Total	794,092		893,743
Inventory, Work in Process, Gross	$206,943

Accounts_Receivable_Details

Accounts Receivable (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable under normal 30 day terms	$1,233,140	$1,406,665
Financed contracts:
Short-term	591,956	22,754
Current portion of long-term	782,921	896,236
Long-term, net of current portion	606,974	675,683
Total accounts receivable	3,214,991	3,001,338
Less allowance for doubtful accounts	-101,079	-101,079
Accounts receivable, net	3,113,912	2,900,259
Presented on the balance sheet as:
Accounts receivable, net	2,506,938	2,224,576
Long-term accounts receivable - financed contracts	$606,974	$675,683

Accounts_Receivable_Details_1

Accounts Receivable (Details 1) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable allowance, beginning of period	$101,079	$112,054
Provision adjustment during year	0	-10,975
Write-off	0	0
Accounts receivable allowance, end of period	$101,079	$101,079

Accounts_Receivable_Details_Te

Accounts Receivable (Details Textual) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable, Current	$101,079	$101,079
Accounts Receivable, Net, Current, Total	2,506,938	2,224,576
Deferred Revenue, Noncurrent	954,556	1,090,746
Trade Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable, Current	101,079	101,079
Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable, Current	0	0
Accounts Receivable, Net, Current, Total	$1,981,851	$1,594,673

Stockholders_Equity_Details_Te

Stockholders' Equity (Details Textual) (USD $)	1 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Mar. 17, 2015	Dec. 31, 2014	Dec. 23, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares	41,217	41,217		1,000
Treasury Stock, Value	$37,665	$37,665		$1,422
Stock Repurchase Program, Authorized Amount			75,000		100,000
Stock Repurchased During Period, Shares	103,717
Stock Repurchase Program, Remaining Authorized Repurchase Amount	85,000	85,000
Stock Repurchased and Retired During Period, Shares		50,000
Stock Repurchased and Retired During Period, Value		44,000
Share Repurchases, Price Paid Per Share (in dollars per share)	$0.87	$0.88
Treasury Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares		40,217
Stock Repurchased During Period, Value		$36,000
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)		$0.90

Earnings_Loss_Per_Share_Detail

Earnings (Loss) Per Share (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Basic earnings per share calculation:
Net income to common stockholders	$87,162		$76,445
Weighted average number of common shares outstanding (in shares)	4,660,109		4,774,805
Basic net income per share (in dollars per share)	$0.02		$0.02
Diluted earnings per share calculation:
Net income	$87,162		$76,445
Weighted average number of common shares outstanding (in shares)	4,660,109		4,774,805
Common stock equivalents:
Stock options		[1]		[1]
Weighted average diluted shares outstanding (in shares)	4,660,109		4,774,805
Diluted net income per share (in dollars per share)	$0.02		$0.02
[1]	Stock options outstanding of (1) 10,000 and (2) 60,000 were not included in the calculation as they would have been anti-dilutive.

Earnings_Loss_Per_Share_Detail1

Earnings (Loss) Per Share (Details Textual)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,000	60,000