US Nuclear (UCLE) 10-K 14 Apr 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2015USD ($)shares
Document And Entity Information
Entity Registrant Name	US NUCLEAR CORP.
Entity Central Index Key	1,543,623
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float | $	$ 0
Entity Common Stock, Shares Outstanding | shares	13,475,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 419,126	$ 140,253
Accounts receivable	181,084	95,700
Inventory	$ 2,320,333	2,343,729
Other current assets		1,800
TOTAL CURRENT ASSETS	$ 2,920,543	2,581,482
EQUIPMENT, net	7,900	14,454
GOODWILL	570,176	570,176
TOTAL ASSETS	3,498,619	3,166,112
CURRENT LIABILITIES
Accounts payable	$ 41,607	175,033
Accounts payable, related party		24,000
Accrued liabilities	$ 111,466	93,431
Customer Deposit	49,040	196,185
Line of credit	306,487	319,274
TOTAL CURRENT LIABILITIES	508,600	807,923
Note payable to shareholder	248,879	58,215
TOTAL LIABILITIES	$ 757,479	$ 866,138
SHAREHOLDERS' EQUITY:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized, 13,475,000 and 13,265,000 shares issued and outstanding	$ 1,348	$ 1,327
Additional paid in capital	3,178,409	3,136,680
Accumulated deficit	(438,617)	(838,033)
TOTAL SHAREHOLDERS' EQUITY	2,741,140	2,299,974
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,498,619	$ 3,166,112

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	13,475,000	13,265,000
Common stock, shares outstanding	13,475,000	13,265,000

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Sales	$ 2,652,878	$ 1,637,100
Cost of goods sold	1,246,182	904,874
Gross profit	1,406,696	732,226
Selling, general and administrative expenses	982,390	1,036,892
Loss from operations	424,306	(304,666)
Other expense
Interest expense	24,890	16,839
Total other expense	24,890	16,839
Loss before provision for income taxes	399,416	(321,505)
Net loss	$ 399,416	$ (321,505)
Weighted average shares outstanding - basic and diluted	13,294,110	11,669,438
Earnings per shares - basic and diluted	$ .03	$ (.03)

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Balance, Beginning (Shares) at Dec. 31, 2013	10,700,000
Balance, Beginning (Value) at Dec. 31, 2013	$ 1,070	$ 2,157,064	$ (516,528)	$ 1,641,606
Issuance of common stock for cash, shares	1,540,000			1,540,000
Issuance of common stock for cash, value	$ 154	108,391		$ 108,545
Issuance of common stock for services, shares	25,000			2,500
Issuance of common stock for services, value	$ 3	2,497		$ 2,500
Conversion of note payable to shareholder, shares	1,000,000
Conversion of note payable to shareholder, value	$ 100	199,900		200,000
Capital contribution from shareholder		668,828		668,828
Net loss			(321,505)	$ (321,505)
Balance, Ending (Shares) at Dec. 31, 2014	13,265,000			13,265,000
Balance, Ending (Value) at Dec. 31, 2014	$ 1,327	3,136,680	$ (838,033)	$ 2,299,974
Issuance of common stock for cash, shares
Issuance of common stock for services, shares	210,000			41,750
Issuance of common stock for services, value	$ 21	$ 41,729		$ 41,750
Conversion of note payable to shareholder, shares	1,000,000
Net loss			$ 399,416	$ 399,416
Balance, Ending (Shares) at Dec. 31, 2015	13,475,000			13,475,000
Balance, Ending (Value) at Dec. 31, 2015	$ 1,348	$ 3,178,409	$ (438,617)	$ 2,741,140

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ 399,416	$ (321,505)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	$ 6,554	$ 7,331
Common stock issued for services	41,750	2,500
Changes in:
Accounts receivable	$ (85,384)	$ 489,113
Inventory	23,396	(922,087)
Prepaid expenses and other current assets	1,800	3,000
Accounts payable	(157,426)	58,783
Accrued liabilities	18,035	32,359
Customer deposits	(147,145)	186,950
Net cash provided by (used in) operating activities	$ 100,996	(463,556)
INVESTING ACTIVITIES
Purchases of equipment		(1,242)
Net cash used in investing activities		(1,242)
FINANCING ACTIVITIES
Net borrowings (repayments) under lines of credit	$ (12,787)	(35,981)
Proceeds from sale of common stock		108,545
Proceeds from note payable to shareholder	$ 243,293	$ 266,614
Repayments for note payable to shareholder	(52,629)
Net cash provided by financing activities	177,877	$ 339,178
NET INCREASE (DECREASE) IN CASH	278,873	(125,620)
CASH - Beginning of the year	140,253	265,873
CASH - End of the year	$ 419,126	$ 140,253
Supplemental disclosures of cash flow information
Taxes paid
Interest paid	$ 24,890	$ 16,839
Non-cash investing and financing activities
Converstion of note payable to shareholder to common stock		200,000
Contribution of note payable to shareholder to additional paid-in capital		$ 668,828

Organization And Basis Of Prese

Organization And Basis Of Presentation	12 Months Ended
	Dec. 31, 2015
Organization And Basis Of Presentation
Organization and Basis of Presentation	Note 1 - Organization and Basis of Presentation Organization and Line of Business US Nuclear Corp., formerly known as APEX 3, Inc., (the “Company” or “US Nuclear”) was incorporated under the laws of the State of Delaware on February 14, 2012. Optron Scientific Company, Inc. (“Optron”) was incorporated in the State of California on December 24, 1971. On October 15, 2013, the Company entered into a share exchange agreement and plan of merger with Optron. Pursuant to the agreement, the Company acquired from Optron all of the issued and outstanding capital stock consisting of 98,372 shares of common stock in exchange for 9,150,000 shares of the Company’s common stock. Concurrently with the closing of the transactions, the Company entered into an agreement with the Company’s former majority stockholder, sole director and chief executive officer, pursuant to which he returned 9,150,000 shares of the Company’s common stock for cancellation. The Company’s former majority stockholder, sole director and chief executive officer was not compensated for the cancellation of his shares of the Company’s common stock. Upon completion of the foregoing transactions, the Company had an aggregate of 10,700,000 shares of common stock issued and outstanding. The exchange of shares with Optron was accounted for as a reverse acquisition under the purchase method of accounting since Optron obtained control of the Company. Accordingly, the merger of Optron into the Company was recorded as a recapitalization of Optron, Optron being treated as the continuing entity. The historical financial statements presented are the financial statements of Optron. The share exchange agreement has been treated as a recapitalization and not as a business combination; therefore, no pro forma information is disclosed. At the date of this transaction, the net liabilities of the legal acquirer, US Nuclear, were $12,901. The Company is engaged in developing, manufacturing and selling radiation detection and measuring equipment. The Company markets and sells its products to consumers throughout the world. Basis of Presentation The accompanying consolidated financial statements and have been prepared in conformity with accounting principles generally accepted in the United States of America.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Optron and its wholly-owned subsidiary, Overhoff Technology Corporation (“Overhoff”), and have been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions 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. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. There were no cash equivalents as of December 31, 2015 and 2014. Accounts Receivable The Company maintains reserves for potential credit losses for accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Reserves are recorded based on the Company’s historical collection history. Allowance for doubtful accounts as of December 31, 2015 and 2014 were $5,000 and $5,000, respectively. Inventories Inventories are valued at the lower of cost (determined primarily by the average cost method) or market. Management compares the cost of inventories with the market value and allowance is made for writing down their inventories to market value, if lower. Property and Equipment Property and Equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment is provided using the straight-line method for substantially all assets with estimated lives as follows: Furniture and fixtures 5 years Leasehold improvement Lesser of lease life or economic life Equipment 5 years Computers and software 5 years Long-Lived Assets The Company applies the provisions of ASC Topic 360, Property, Plant, and Equipment Goodwill Goodwill represents the excess of purchase price over the underlying net assets of businesses acquired. The entire goodwill balance in the accompanying financial statements resulted from the Company’s acquisition of Overhoff Technology Corporation in 2006. The Company complies with ASC 350, Goodwill and Other Indefinite Lived Intangible Assets Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash, accounts receivable, accounts payable, accrued liabilities, customer deposits, and line of credit, the carrying amounts approximate their fair values due to their short maturities. In addition, the Company has a note payable to shareholder that the carrying amount also approximates fair value. Revenue Recognition The Company’s revenue recognition policies comply with FASB ASC Topic 605. Revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as customer deposits. Sales returns and allowances was $0 for the year ended December 31, 2015 and 2014. The Company provides a one-year warranty on all sales. The Company does not provide unconditional right of return, price protection or any other concessions to its customers. Customer Deposits Customer deposits represent cash paid to the Company by customers before the product has been completed and shipped. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, “Income Taxes.” ASC 740 requires a company to use the asset and liability method of accounting for income taxes, whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. 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. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The adoption had no effect on the Company’s consolidated financial statements. Stock-Based Compensation The Company records stock-based compensation in accordance with FASB ASC Topic 718, “ Compensation – Stock Compensation Basic and Diluted Earnings Per Share Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share Segment Reporting FASB ASC Topic 280, Segment Reporting Reclassifications Certain prior period amounts were reclassified to conform to the manner of presentation in the current period. These reclassifications had no effect on the net loss or stockholders’ equity. Recent Accounting Pronouncements In January 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-01 (Subtopic 225-20) - Income Statement - Extraordinary and Unusual Items In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. In September, 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805). Topic 805 requires that an acquirer retrospectively adjust provisional amounts recognized in a business combination, during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in the Update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Leases (FAS 13)

Inventory

Inventory	12 Months Ended
	Dec. 31, 2015
DisclosureInventoryAbstract
Inventory	Note 3 – Inventories Inventory at December 31, 2015 and 2014 consisted of the following: December 31, December 31, 2015 2014 Raw materials $ 1,139,827 $ 782,732 Work in Progress 710,041 931,686 Finished goods 470,465 629,311 $ 2,320,333 $ 2,343,729

Equipment

Equipment	12 Months Ended
	Dec. 31, 2015
DisclosurePropertyEquipmentAndImprovementsAbstract
Equipment	Note 4 – Property and Equipment The following are the details of property and equipment at December 31, 2015 and 2014: 2015 2014 Furniture and fixtures $ 146,684 $ 146,684 Leasehold Improvements 50,091 50,091 Equipment 212,076 212,076 Computers and software 27,259 27,259 436,110 436,110 Less accumulated depreciation (428,210) (421,656) Property and equipment, net $ 7,900 $ 14,454 Depreciation expense for the years ended December 31, 2015 and 2014 was $6,554 and $7,331, respectively. At December 31, 2015, the Company has $299,429 of fully depreciated property and equipment that is still in use.

Note Payable To Shareholder

Note Payable To Shareholder	12 Months Ended
	Dec. 31, 2015
Note Payable To Shareholder
Note Payable to Shareholder	Note 5 – Note Payable to Shareholder Robert Goldstein, the CEO and majority shareholder, has loaned funds to the Company from time to time to cover general operating expenses. These loans are evidenced by unsecured, non-interest bearing notes due on December 31, 2018. As of December 31, 2013 the balance due on the notes was $660,429. During 2014, the Company received $266,614 from its majority shareholder under this note payable agreement. On September 30, 2014, Mr. Goldstein converted $200,000 of a note payable into 1,000,000 shares of the Company’s common stock. In addition, on September 30, 2014, Mr. Goldstein also forgave $668,828 of the note payable. This forgiveness of debt is being treated as a capital contribution from the Company’s majority shareholder. During the year ended December 31, 2015, the Company received $243,293 from its majority shareholder and repaid another $52,629 under this note payable agreement. The amounts due to Mr. Goldstein are $248,879 and $58,215 as of December 31, 2015 and 2014, respectively.

Line Of Credit

Line Of Credit	12 Months Ended
	Dec. 31, 2015
Line Of Credit
Line of Credit	Note 6 – Line of Credit As of December 31, 2015 the Company had four lines of credit with a maximum borrowing amount of $400,000 with interest ranging from 3.25% to 9.25%. As of December 31, 2015 and 2014, the amounts outstanding under these lines of credit were $306,487 and $319,274, respectively.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2015
Shareholders Equity
Shareholders' Equity	Note 7 – Shareholders’ Equity See Note 1 for discussion of shares issued and canceled in connection with the share exchange agreement and plan of merger agreement. On September 30, 2014, the Company’s CEO and majority shareholder converted $200,000 of a note payable into 1,000,000 shares of the Company’s common stock. In addition, the Company’s CEO also forgave the remaining balance of the note payable of $668,828. This forgiveness of debt is being treated as a capital contribution from the Company’s majority shareholder. During the year ended December 31, 2014, the Company sold 1,090,000 shares of its common stock for proceeds of $108,500, net of $500 in offering costs and issued 25,000 shares of its common stock for services valued at $2,500. The value of the shares was determined based on recent sales of the Company’s common stock. On April 30, 2015, the Company issued 10,000 shares of its common stock to a director for services valued at $1,000 The value of the shares was determined based on the market price of the Company’s common stock on the date of issuance. On November 23, 2015, the Company issued 175,000 shares of its common stock for services valued at $35,000. The value of the shares was determined based on the market price of the Company’s common stock on the date of issuance. On October 31, 2015, the Company issued 25,000 shares of its common stock to its CFO for services valued at $5,750 The value of the shares was determined based on the market price of the Company’s common stock on the date of issuance.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2015
Segment Reporting
Segment Reporting	Note 8 – Segment Reporting ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. The Company has two reportable segments: Optron and Overhoff. Optron is located in Canoga Park, California and Overhoff is located in Milford, Ohio. The following tables summarize the Company’s segment information for the years ended December 31, 2015 and 2014: Year Ended December 31, 2015 2014 Sales Optron $ 643,489 $ 676,851 Overhoff 2,009,389 960,249 Corporate - - $ 2,652,878 $ 1,637,100 Gross profit Optron $ 281,052 $ 230,907 Overhoff 1,125,644 501,319 Corporate - - $ 1,406,696 $ 732,226 Income (loss) from operations Optron $ 29,454 $ (118,689) Overhoff 580,891 (96,589) Corporate (186,039) (89,388) $ 424,306 $ (304,666) Interest Expenses Optron $ 21,930 $ 16,839 Overhoff 2,960 - Corporate - - $ 24,890 $ 16,839 Net income (loss) Optron $ 7,524 $ (96,589) Overhoff 577,931 (135,528) Corporate (186,039) (89,388) $ 399,416 $ (321,505) As of As of December 31, December 31, 2015 2014 Total Assets Optron $ 1,318,749 $ 1,127,316 Overhoff 2,170,499 1,949,043 Corporate 9,371 89,753 $ 3,498,619 $ 3,166,112 Goodwill Optron $ - $ - Overhoff 570,176 570,176 Corporate - - $ 570,176 $ 570,176

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes At December 31, 2015 and 2014, the significant components of the deferred tax assets are summarized below: 2015 2014 Approximate net operating loss carry forwards $ 328,000 $ 691,000 Deferred tax assets: Federal net operating loss $ 150,576 $ 273,879 State net operating loss 64,140 51,580 Tax credit 49,740 49,740 Goodwill (152,560) (136,276) Total deferred tax assets 111,896 238,923 Less valuation allowance (111,896) (238,923) $ - $ - The valuation allowance increased (decreased) by ($127,027) and $172,100 in 2015 and 2014 as a result of the Company using net operating losses in 2015 and generating additional net operating losses in 2014. The Company’s remaining tax credit carryforwards of $49,740 begin to expire in 2027 and its net operating loss carryforward of approximately $328,000 begin to expire in 2028. Income tax expense reflected in the consolidated statements of income consist of the following for 2015 and 2014: 2015 2014 Current Federal $ - $ - State - - - - Deferred Federal - - State - - - - Income tax expense $ - $ - The reconciliation of the effective income tax rate to the federal statutory rate for the years ended December 31, 2015 and 2014 is as follows: 2015 2014 Federal income tax rate 34.0% -34.0% State tax, net of federal benefit 6.0% -6.0% Net operating losses -36.6% 40.0% Tax credits 0.0% 0.0% Amortization of goodwill -3.4% 0.0% Effective income tax rate 0.0% 0.0% The Company files income tax returns in the U.S. federal jurisdiction, and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2011. The Company periodically evaluates the likelihood of the realization of deferred tax assets, and adjusts the carrying amount of the deferred tax assets by the valuation allowance to the extent the future realization of the deferred tax assets is not judged to be more likely than not. The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including its recent cumulative earnings experience by taxing jurisdiction, expectations of future taxable income or loss, the carryforward periods available to the Company for tax reporting purposes, and other relevant factors. Future changes in the unrecognized tax benefit will have no impact on the effective tax rate due to the existence of the valuation allowance. The Company estimates that the unrecognized tax benefit will not change significantly within the next twelve months. The Company will continue to classify income tax penalties and interest as part of general and administrative expense in its consolidated statements of operations. There were no interest or penalties accrued as of December 31, 2015 and 2014.

Geographical Sales

Geographical Sales	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Geographical Sales	Note 9 - Geographical Sales The geographical distribution of the Company’s sales for the years ended December 31, 2015 and 2014 is as follows: Years Ended December 31, 2015 2014 Geographical sales North America $ 1,227,772 $ 703,953 Asia 915,429 245,565 South America 310,961 11,050 Other 198,716 676,532 $ 2,652,878 $ 1,637,100

Summary Of Significant Accoun17

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Optron and its wholly-owned subsidiary, Overhoff Technology Corporation (“Overhoff”), and have been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions 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. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. There were no cash equivalents as of December 31, 2015 and 2014.
Accounts Receivable	Accounts Receivable The Company maintains reserves for potential credit losses for accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Reserves are recorded based on the Company’s historical collection history. Allowance for doubtful accounts as of December 31, 2015 and 2014 were $5,000 and $5,000, respectively.
Inventories	Inventories Inventories are valued at the lower of cost (determined primarily by the average cost method) or market. Management compares the cost of inventories with the market value and allowance is made for writing down their inventories to market value, if lower.
Equipment	Property and Equipment Property and Equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment is provided using the straight-line method for substantially all assets with estimated lives as follows: Furniture and fixtures 5 years Leasehold improvement Lesser of lease life or economic life Equipment 5 years Computers and software 5 years
Long-Lived Assets	Long-Lived Assets The Company applies the provisions of ASC Topic 360, Property, Plant, and Equipment
Goodwill	Goodwill Goodwill represents the excess of purchase price over the underlying net assets of businesses acquired. The entire goodwill balance in the accompanying financial statements resulted from the Company’s acquisition of Overhoff Technology Corporation in 2006. The Company complies with ASC 350, Goodwill and Other Indefinite Lived Intangible Assets
Fair Value of Financial Instruments	Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash, accounts receivable, accounts payable, accrued liabilities, customer deposits, and line of credit, the carrying amounts approximate their fair values due to their short maturities. In addition, the Company has a note payable to shareholder that the carrying amount also approximates fair value.
Revenue Recognition	Revenue Recognition The Company’s revenue recognition policies comply with FASB ASC Topic 605. Revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as customer deposits. Sales returns and allowances was $0 for the year ended December 31, 2015 and 2014. The Company provides a one-year warranty on all sales. The Company does not provide unconditional right of return, price protection or any other concessions to its customers.
Customer Deposits	Customer Deposits Customer deposits represent cash paid to the Company by customers before the product has been completed and shipped.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, “Income Taxes.” ASC 740 requires a company to use the asset and liability method of accounting for income taxes, whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. 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. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The adoption had no effect on the Company’s consolidated financial statements.
Stock-Based Compensation	Stock-Based Compensation The Company records stock-based compensation in accordance with FASB ASC Topic 718, “ Compensation – Stock Compensation
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share
Segment Reporting	Segment Reporting FASB ASC Topic 280, Segment Reporting
Reclassifications	Reclassifications Certain prior period amounts were reclassified to conform to the manner of presentation in the current period. These reclassifications had no effect on the net loss or stockholders’ equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-01 (Subtopic 225-20) - Income Statement - Extraordinary and Unusual Items In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. In September, 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805). Topic 805 requires that an acquirer retrospectively adjust provisional amounts recognized in a business combination, during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in the Update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Leases (FAS 13)

Summary Of Significant Accoun18

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of Estimated Lives of Property and Equipment	Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives as follows: Furniture and fixtures 5 years Leasehold improvement Lesser of lease life or economic life Equipment 5 years Computers and software 5 years

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory Tables
Schedule of Inventory	Inventory at December 31, 2015 and 2014 consisted of the following: December 31, December 31, 2015 2014 Raw materials $ 1,139,827 $ 782,732 Work in Progress 710,041 931,686 Finished goods 470,465 629,311 $ 2,320,333 $ 2,343,729

Equipment (Tables)

Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Equipment Tables
Schedule of Property and Equipment	The following are the details of property and equipment at December 31, 2015 and 2014: 2015 2014 Furniture and fixtures $ 146,684 $ 146,684 Leasehold Improvements 50,091 50,091 Equipment 212,076 212,076 Computers and software 27,259 27,259 436,110 436,110 Less accumulated depreciation (428,210) (421,656) Property and equipment, net $ 7,900 $ 14,454

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting Tables
Schedule of Company's Segment Reporting Information	The following tables summarize the Company’s segment information for the years ended December 31, 2015 and 2014: Year Ended December 31, 2015 2014 Sales Optron $ 643,489 $ 676,851 Overhoff 2,009,389 960,249 Corporate - - $ 2,652,878 $ 1,637,100 Gross profit Optron $ 281,052 $ 230,907 Overhoff 1,125,644 501,319 Corporate - - $ 1,406,696 $ 732,226 Income (loss) from operations Optron $ 29,454 $ (118,689) Overhoff 580,891 (96,589) Corporate (186,039) (89,388) $ 424,306 $ (304,666) Interest Expenses Optron $ 21,930 $ 16,839 Overhoff 2,960 - Corporate - - $ 24,890 $ 16,839 Net income (loss) Optron $ 7,524 $ (96,589) Overhoff 577,931 (135,528) Corporate (186,039) (89,388) $ 399,416 $ (321,505) As of As of December 31, December 31, 2015 2014 Total Assets Optron $ 1,318,749 $ 1,127,316 Overhoff 2,170,499 1,949,043 Corporate 9,371 89,753 $ 3,498,619 $ 3,166,112 Goodwill Optron $ - $ - Overhoff 570,176 570,176 Corporate - - $ 570,176 $ 570,176

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes Tables
Schedule of Deferred Tax Assets	At December 31, 2014 and 2013, the significant components of the deferred tax assets are summarized below: 2014 2013 Deferred tax assets: Federal net operating loss $ 273,879 $ 9,697 State net operating loss 51,580 7,385 Tax credit 49,740 49,740 Goodwill (136,276 ) — Total deferred tax assets 238,923 66,823 Less valuation allowance (238,923 ) (66,823 ) $ — $ —
Schedule of Income Tax Expense Benefit Reflected in Income Statement	Income tax expense reflected in the consolidated statements of income consist of the following for 2014 and 2013: 2014 2013 Current Federal $ — $ — State — — — — Deferred Federal — — State — — — — Income tax expense $ — $ —
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation of the effective income tax rate to the federal statutory rate for the years ended December 31, 2014 and 2013 is as follows: 2014 2013 Federal income tax rate -34.0 % -34.0 % State tax, net of federal benefit -6.0 % -6.0 % Net operating losses 40.0 % 40.0 % Tax credits 0.0 % 0.0 % Other 0.0 % 0.0 % Effective income tax rate 0.0 % 0.0 %

Geographical Sales (Tables)

Geographical Sales (Tables)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Geographical Sales	Years Ended December 31, 2015 2014 Geographical sales North America $ 1,227,772 $ 703,953 Asia 915,429 245,565 South America 310,961 11,050 Other 198,716 676,532 $ 2,652,878 $ 1,637,100

Summary Of Significant Accoun24

Summary Of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2015
Computers And Software
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives in years	5 years
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives in years	5 years
Leasehold Improvement
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives description	Lesser of lease life or economic life
Furniture And Fixtures
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives in years	5 years

Inventory (Details)

Inventory (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Inventory Details
Raw materials	$ 1,139,827	$ 782,732
Work in Progress	710,041	931,686
Finished goods	470,465	629,311
Inventory, net	$ 2,320,333	$ 2,343,729

Equipment (Details)

Equipment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Less accumulated depreciation	$ 428,210	$ 421,656
Property and equipment, net	7,900	14,454
Leasehold Improvement
Property, Plant and Equipment [Line Items]
Property and equipment, gross	50,091	50,091
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	212,076	212,076
Computers And Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	27,259	27,259
Furniture And Fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 146,684	$ 146,073

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Sales	$ 2,652,878	$ 1,637,100
Gross profit	1,406,696	732,226
Loss from operations	424,306	(304,666)
Interest Expenses	24,890	16,839
Net loss	399,416	(321,505)
Total Assets	3,498,619	3,166,112
Goodwill	570,176	570,176
Operating Segments | Overhoff
Sales	2,009,389	960,249
Gross profit	281,052	638,256
Loss from operations	$ 580,891	$ 97,103
Other Income
Interest Expenses	$ 2,960
Net loss	577,931	$ 96,069
Total Assets	2,170,499	1,915,755
Goodwill	570,176	570,176
Operating Segments | Optron
Sales	643,489	896,784
Gross profit	281,052	494,178
Loss from operations	29,454	(395,942)
Other Income		274,000
Interest Expenses	21,930	4,656
Net loss	7,524	(125,114)
Total Assets	$ 1,318,749	$ 952,092
Goodwill

Geographical Sales - Geographic

Geographical Sales - Geographical Sales (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
North America [Member]
Geographical sales	$ 1,227,772	$ 703,953
Asia [Member]
Geographical sales	915,429	245,565
South America [Member]
Geographical sales	310,961	11,050
Other
Geographical sales	$ 198,716	$ 676,532

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Assets) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Federal net operating loss	$ 150,576	$ 273,879
State net operating loss	64,140	51,580
Tax credit	49,740	49,740
Goodwill	(152,560)	(136,276)
Total deferred tax assets	111,896	238,923
Less valuation allowance	111,896	238,923
Deferred tax assets, net	$ 0	$ 0

Income Taxes (Schedule Of Effec

Income Taxes (Schedule Of Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation Details
Federal income tax rate	34.00%	34.00%
State tax, net of federal benefit	6.00%	(6.00%)
Net operating losses	(36.60%)	40.00%
Tax credits	0.00%	0.00%
Ammortization of Goodwill	(3.40%)	0.00%
Effective income tax rate	0.00%	0.00%

Organization And Basis Of Pre31

Organization And Basis Of Presentation (Narrative) (Details) - shares	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Common stock, shares issued	13,475,000	13,265,000
Common stock, shares outstanding	13,475,000	13,265,000
Common Stock
Common stock, shares outstanding	13,475,000	13,265,000	10,700,000

Summary Of Significant Accoun32

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary Of Significant Accounting Policies Narrative Details
Allowances for doubtful accounts receivable	$ 5,000	$ 0
Sales returns and allowances	$ 0	$ 0

Note Payable Shareholder (Narra

Note Payable Shareholder (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Note payable - shareholder	$ 248,879	$ 58,215
Debt conversion orginal debt amount		200,000
Forgiveness of debt		668,828
Proceeds from note payable to shareholder	$ 243,293	$ 266,614
Common Stock
Debt Instrument [Line Items]
Debt conversion converted instrument, shares	1,000,000	1,000,000
Note Payable | Robert Goldstein - President, CEO, Majority Shareholder
Debt Instrument [Line Items]
Note payable - shareholder	$ 58,215	$ 660,429
Debt instrument due date	Dec. 31, 2016
Notes payable terms	These loans are evidenced by unsecured, non-interest bearing notes
Proceeds from note payable to shareholder	$ 266,614	$ 320,680

Line Of Credit (Narrative) (Det

Line Of Credit (Narrative) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Line of Credit Facility [Line Items]
Line of credit	$ 306,487	$ 319,274
Three Lines Of Credit
Line of Credit Facility [Line Items]
Line of credit maximum borrowing amount	400,000
Line of credit	$ 319,274	$ 355,255
Three Lines Of Credit | Minimum
Line of Credit Facility [Line Items]
Interest rate on line of credit	3.25%
Three Lines Of Credit | Maximum
Line of Credit Facility [Line Items]
Interest rate on line of credit	9.25%

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Shareholders Equity Narrative Details
Stock issued during the period shares issued for cash		1,540,000
Proceeds from issuance of common stock		$ 108,545
Share issued for services, shares	41,750	2,500
Shares issued for services, value	$ 41,750	$ 2,500

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Narrative Details
Valuation allowance increased	$ 172,100	$ 17,083
Tax credit carryforward expiration term	Begin to expire in 2027
Net operating loss carryforward expiration term	Begin to expire in 2028.