Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Aug. 15, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | NOCOPI TECHNOLOGIES INC/MD/ | |
Entity Central Index Key | 888,981 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 58,599,016 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2,015 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Revenues | ||||
Licenses, royalties and fees | $ 78,800 | $ 77,500 | $ 156,900 | $ 157,500 |
Product and other sales | 237,900 | 158,600 | 348,200 | 263,500 |
Total revenues | 316,700 | 236,100 | 505,100 | 421,000 |
Cost of revenues | ||||
Licenses, royalties and fees | 23,800 | 19,300 | 42,000 | 36,500 |
Product and other sales | 88,200 | 65,200 | 143,800 | 120,500 |
Total cost of revenues | 112,000 | 84,500 | 185,800 | 157,000 |
Gross profit | 204,700 | 151,600 | 319,300 | 264,000 |
Operating expenses | ||||
Research and development | 31,100 | 30,400 | 64,000 | 61,000 |
Sales and marketing | 55,300 | 46,600 | 105,200 | 94,200 |
General and administrative | 67,900 | 59,200 | 151,400 | 113,600 |
Total operating expenses | 154,300 | 136,200 | 320,600 | 268,800 |
Net income (loss) from operations | $ 50,400 | $ 15,400 | $ (1,300) | (4,800) |
Other income (expenses) | ||||
Interest income | 300 | |||
Interest expense, bank charges and financing cost | $ (5,100) | $ (5,300) | $ (10,300) | (10,600) |
Total other income (expenses) | (5,100) | (5,300) | (10,300) | (10,300) |
Net income (loss) | $ 45,300 | $ 10,100 | $ (11,600) | $ (15,100) |
Basic and diluted net income (loss) per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average common shares outstanding | ||||
Basic | 58,599,016 | 58,599,016 | 58,599,016 | 58,599,016 |
Diluted | 58,600,367 | 58,600,830 | 58,599,016 | 58,599,016 |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Current assets | ||
Cash | $ 103,400 | $ 28,000 |
Accounts receivable less $5,000 allowance for doubtful accounts | 225,800 | 287,800 |
Inventory | 36,300 | 43,500 |
Prepaid and other | 21,700 | 18,800 |
Total current assets | 387,200 | 378,100 |
Fixed assets | ||
Leasehold improvements | 19,700 | 19,700 |
Furniture, fixtures and equipment | 177,600 | 176,800 |
Fixed assets, gross | 197,300 | 196,500 |
Less: accumulated depreciation and amortization | 180,800 | 178,400 |
Total fixed assets | 16,500 | 18,100 |
Total assets | 403,700 | 396,200 |
Current liabilities | ||
Demand loans | 46,000 | 63,000 |
Convertible debentures | 105,000 | 102,900 |
Accounts payable | 167,300 | 160,300 |
Accrued expenses | 429,400 | 383,000 |
Deferred revenue | 73,500 | 93,400 |
Total current liabilities | 821,200 | 802,600 |
Convertible debentures, net of unaccreted discount of $900 at June 30, 2015 and $1,400 at December 31, 2014 | 32,300 | 31,800 |
Stockholders' deficiency | ||
Common stock, $0.01 par value, Authorized - 75,000,000 shares, Issued and outstanding - 58,599,016 shares | 586,000 | 586,000 |
Paid-in capital | 12,408,500 | 12,408,500 |
Accumulated deficit | (13,444,300) | (13,432,700) |
Total stockholders' deficiency | (449,800) | (438,200) |
Total liabilities and stockholders' deficiency | $ 403,700 | $ 396,200 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Allowance for doubtful accounts | $ 5,000 | $ 5,000 |
Unaccreted discount on convertible debentures | $ 900 | $ 1,400 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 58,599,016 | 58,599,016 |
Common stock, shares outstanding | 58,599,016 | 58,599,016 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Operating Activities | ||
Net loss | $ (11,600) | $ (15,100) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | ||
Depreciation and amortization | 2,400 | 1,700 |
Accretion of interest - convertible debentures | 2,600 | 2,100 |
Net loss adjusted for non-cash operating activities | (6,600) | (11,300) |
(Increase) decrease in assets | ||
Accounts receivable | 62,000 | (28,400) |
Inventory | 7,200 | (1,400) |
Prepaid and other | (2,900) | 19,500 |
Increase (decrease) in liabilities | ||
Accounts payable and accrued expenses | 53,400 | 3,500 |
Deferred revenue | (19,900) | 7,000 |
Total increase in operating capital | 99,800 | 200 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 93,200 | (11,100) |
Investing Activities | ||
Additions to fixed assets | (800) | (20,000) |
Net cash used in investing activities | $ (800) | (20,000) |
Financing Activities | ||
Repayment of borrowings under promissory note | $ (12,500) | |
Repayment of demand loans | $ (17,000) | |
Net cash used in financing activities | (17,000) | $ (12,500) |
Increase (decrease) in cash | 75,400 | (43,600) |
Cash at beginning of year | 28,000 | 52,900 |
Cash at end of period | $ 103,400 | 9,300 |
Supplemental Disclosure of Cash Flow Information | ||
Cash paid for interest | 300 | |
Write-off of fully depreciated leasehold improvements and furniture fixtures and equipment | ||
Accumulated depreciation and amortization | (82,900) | |
Leasehold improvements | 72,500 | |
Furniture, fixtures and equipment | $ 10,400 |
Financial Statements
Financial Statements | 6 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Financial Statements | Note 1. Financial Statements The accompanying unaudited condensed financial statements have been prepared by Nocopi Technologies, Inc. (the Company). These statements include all adjustments (consisting only of normal recurring adjustments) which management believes necessary for a fair presentation of the statements and have been prepared on a consistent basis using the accounting policies described in the summary of Accounting Policies included in the Company's 2014 Annual Report on Form 10-K. Certain financial information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the accompanying disclosures are adequate to make the information presented not misleading. The Notes to Financial Statements included in the 2014 Annual Report on Form 10-K should be read in conjunction with the accompanying interim financial statements. The interim operating results for the three months and six months ended June 30, 2015 may not be necessarily indicative of the operating results expected for the full year. The Company follows Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 220 in reporting comprehensive income. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. Since the Company has no items of other comprehensive income, comprehensive income (loss) is equal to net income (loss). |
Going Concern
Going Concern | 6 Months Ended |
Jun. 30, 2015 | |
Going Concern [Abstract] | |
Going Concern | Note 2. Going Concern Since its inception, the Company has incurred significant losses and, as of June 30, 2015, had accumulated losses of $13,444,300. For the six months ended June 30, 2015, the Company had a net loss from operations of $1,300. At June 30, 2015, the Company had negative working capital of $434,000 and a stockholders deficiency of $449,800. For the year ended December 31, 2014, the Companys net income from operations was $29,000. Due in part to uncertainties in the US economy, the Company, which is substantially dependent on its licensees to generate licensing revenues, may incur operating losses and experience negative cash flow in the future. Achieving profitability and positive cash flow depends on the Companys ability to generate and sustain significant increases in revenues and gross profits from its traditional business. There can be no assurances that the Company will be able to generate sufficient revenues and gross profits to return to and sustain profitability and positive cash flow in the future. During 2013 and 2014, the Company sold convertible debentures totaling $110,000 to eight investors and received an unsecured loan of $3,000 from an individual. Receipt of funds from these investors and from the demand loan holder has permitted the Company to continue in operation to the current date. Management of the Company believes that it may need additional capital in the future both to fund investments needed to increase its operating revenues to levels that will sustain its operations and to fund operating deficits that it believes may occur until revenue increases from traditional and new product lines can be realized. There can be no assurances that the Company will be successful in obtaining sufficient additional capital, or if it does, that the additional capital will enable the Company to impact its revenues so as to have a material positive effect on the Companys operations and cash flow. The Company believes that without additional capital, whether in the form of debt, equity or both, it may be forced to cease operations at an undetermined future date. |
Stock Based Compensation
Stock Based Compensation | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock Based Compensation | Note 3. Stock Based Compensation The Company follows FASB ASC 718, Compensation Stock Compensation At June 30, 2015, the Company had no exercisable or non-exercisable options to purchase the Companys common stock outstanding. The Companys stock option plan terminated in 2009 and no further stock options could be granted under the plan; however, stock options granted before the termination date could have been exercised through their expiration dates. All remaining options granted under the plan expired in February 2014. There was no unrecognized portion of expense related to stock option grants at June 30, 2015. |
Promissory Note
Promissory Note | 6 Months Ended |
Jun. 30, 2015 | |
Line of Credit Facility [Abstract] | |
Promissory Note | Note 4. Promissory Note In 2008, the Company negotiated a $100,000 revolving line of credit with a bank to provide a source of working capital. The line of credit was secured by all the assets of the Company and bore interest at the banks prime rate plus 0.5%. During the term of the line of credit, the interest rate applicable to the Companys line of credit was 3.75%. During the year ended December 31, 2009, the Company borrowed the entire $100,000 available under the line of credit. Until the third quarter of 2010, the Company had been required to pay interest only on borrowings under the line of credit. During the third quarter of 2010, the Company was notified by the bank that the line of credit was not being renewed and was offered repayment terms, which the Company accepted, to repay the outstanding loan balance in forty-eight equal monthly installments of $2,083, plus interest at the banks prime rate plus 0.5%, which was 3.75% throughout the repayment term, beginning in October 2010. In early July 2014, the Company repaid $6,250, the then remaining outstanding balance of the note. |
Demand Loans
Demand Loans | 6 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Demand Loans | Note 5. Demand Loans At June 30, 2015, the Company had unsecured loans totaling $46,000 from three individuals outstanding. The loans bear interest at 8%. During the first six months of 2015, the Company repaid $17,000 of the unsecured loans. |
Convertible Debentures
Convertible Debentures | 6 Months Ended |
Jun. 30, 2015 | |
Convertible Debt [Abstract] | |
Convertible Debentures | Note 6. Convertible Debentures At June 30, 2015, the Company had convertible debentures totaling $138,300 outstanding, of which $105,000 are due during the third quarter of 2015 and $33,300 are due during the third quarter of 2016. The convertible debentures bear interest at 7%. At option of the lender, the debentures and accrued interest are convertible in whole or part into common stock of the Company at $0.05 per share. The Company also granted warrants to purchase 691,365 shares of the Companys common stock at $0.02 per share to the holders of the debentures. The warrants are exercisable two years after issuance and expire seven years after issuance. The fair value of the warrants was determined using the Black-Scholes pricing model. The relative fair value of the warrants was recorded as a discount to the notes payable with an offsetting credit to additional paid-in capital since the Company determined that the warrants were an equity instrument in accordance with FASB ASC 815. The debt discount related to the warrant issuances is being accreted through interest expense over the term of the notes payable. For the three months and six months ended June 30, 2015, approximately $1,200 and $2,600, respectively, was accreted through interest expense. For the three months and six months ended June 30, 2014, approximately $1,100 and $2,100, respectively, was accreted through interest expense. The following table summarizes the Companys warrant position at June 30, 2015 and December 31, 2014: Weighted Average Number Exercise Exercise of Shares Price Price Outstanding warrants - December 31, 2014 802,365 $0.01 to $0.07 $ 0.025 Warrants expired 46,000 $0.06 and $0.07 $ 0.068 Outstanding warrants June 30, 2015 756,365 $0.01 to $0.07 $ 0.022 Weighted average remaining contractual life (years) 5.01 Exercisable warrants June 30, 2015 65,000 $0.01 to $0.07 $ 0.045 Weighted average remaining contractual life (years) 1.58 |
Other Income (Expenses)
Other Income (Expenses) | 6 Months Ended |
Jun. 30, 2015 | |
Other Income and Expenses [Abstract] | |
Other Income (Expenses) | Note 7. Other Income (Expenses) Other income (expenses) in the three months and six months ended June 30, 2015 and 2014 includes interest on unsecured loans from five individuals, on convertible debentures held by ten investors and, in 2014, on funds borrowed under the Companys promissory note with a bank. |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 8. Income Taxes There is no provision for income taxes for the three months ended June 30, 2015 and 2014 due to the availability of net operating loss carryforwards. There is no income tax benefit for the losses for the six months ended June 30, 2015 and 2014 because the Company has determined that the realization of the net deferred tax asset is not assured. The Company has created a valuation allowance for the entire amount of such benefits. There was no change in unrecognized tax benefits during the period ended June 30, 2015 and there was no accrual for uncertain tax positions as of June 30, 2015. Tax years from 2011 through 2014 remain subject to examination by U.S. federal and state jurisdictions. |
Earnings (Loss) per Share
Earnings (Loss) per Share | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings (Loss) per Share | Note 9. Earnings (Loss) per Share In accordance with Earnings per Share |
Major Customer and Geographic I
Major Customer and Geographic Information | 6 Months Ended |
Jun. 30, 2015 | |
Major Customer and Geographic Information [Abstract] | |
Major Customer and Geographic Information | Note 10. Major Customer and Geographic Information The Companys revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of the Companys total revenues were: Three Months ended June 30 Six Months ended June 30 2015 2014 2015 2014 Customer A 64 % 57 % 59 % 50 % Customer B 16 % 16 % 20 % 18 % The Companys non-affiliate customers, whose individual balances amounted to more than 10% of the Companys net accounts receivable, expressed as a percentage of net accounts receivable, were: June 30 December 31 2015 2014 Customer A 80 % 46 % Customer B 35 % The Company performs ongoing credit evaluations of its customers and generally does not require collateral. The Company also maintains allowances for potential credit losses. The loss of a major customer could have a material adverse effect on the Companys business operations and financial condition. The Companys revenues by geographic region are as follows: Three Months ended June 30 Six Months ended June 30 2015 2014 2015 2014 North America $ 109,000 $ 99,800 $ 198,600 $ 201,800 Asia 207,700 136,300 306,500 219,200 $ 316,700 $ 236,100 $ 505,100 $ 421,000 |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Event | Note 11. Subsequent Events In July 2015, the Company repaid, with interest, a $10,000 convertible debenture that had matured. In July 2015, the Company repaid $13,000 of the principal of the outstanding demand loans. In July 2015, the Companys common stock private placement was extended to December 31, 2016 by its Board of Directors. During the third quarter of 2015, the Companys Board of Directors approved and the holders of $95,000 of convertible debentures maturing during the third quarter of 2015 accepted an offer of extension whereby the maturity dates of the convertible debentures are extended for two years and the conversion rate of the debentures and accrued interest into Common Stock of the Company is reduced from $0.05 to $0.025. |
Convertible Debentures (Tables)
Convertible Debentures (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Convertible Debt [Abstract] | |
Schedule of Warrants Outstanding | The following table summarizes the Companys warrant position at June 30, 2015 and December 31, 2014: Weighted Average Number Exercise Exercise of Shares Price Price Outstanding warrants - December 31, 2014 802,365 $0.01 to $0.07 $ 0.025 Warrants expired 46,000 $0.06 and $0.07 $ 0.068 Outstanding warrants June 30, 2015 756,365 $0.01 to $0.07 $ 0.022 Weighted average remaining contractual life (years) 5.01 Exercisable warrants June 30, 2015 65,000 $0.01 to $0.07 $ 0.045 Weighted average remaining contractual life (years) 1.58 |
Major Customer and Geographic18
Major Customer and Geographic Information (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Segment Reporting [Abstract] | |
Schedule of Revenues from Non-affiliated Customers | The Companys revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of the Companys total revenues were: Three Months ended June 30 Six Months ended June 30 2015 2014 2015 2014 Customer A 64 % 57 % 59 % 50 % Customer B 16 % 16 % 20 % 18 % |
Schedule of Non-affiliated Customers with Accounts Receivable More Than 10% | The Companys non-affiliate customers, whose individual balances amounted to more than 10% of the Companys net accounts receivable, expressed as a percentage of net accounts receivable, were: June 30 December 31 2015 2014 Customer A 80 % 46 % Customer B 35 % |
Schedule of Revenue by Geographic Region | The Companys revenues by geographic region are as follows: Three Months ended June 30 Six Months ended June 30 2015 2014 2015 2014 North America $ 109,000 $ 99,800 $ 198,600 $ 201,800 Asia 207,700 136,300 306,500 219,200 $ 316,700 $ 236,100 $ 505,100 $ 421,000 |
Going Concern (Details)
Going Concern (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 24 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | |
Going Concern [Abstract] | ||||||
Accumulated deficit | $ 13,444,300 | $ 13,444,300 | $ 13,432,700 | $ 13,432,700 | ||
Working capital deficit | 434,000 | 434,000 | ||||
Operating loss (income) | (50,400) | $ (15,400) | 1,300 | $ 4,800 | (29,000) | |
Stockholders' deficiency | $ 449,800 | $ 449,800 | $ 438,200 | 438,200 | ||
Proceeds from convertible debentures | 110,000 | |||||
Proceeds from demand loans | $ 3,000 |
Stock Based Compensation (Detai
Stock Based Compensation (Details) None in scaling factor is -9223372036854775296 | Jun. 30, 2015USD ($) |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Unrecognized portion of expense related to stock option grants |
Promissory Note (Details)
Promissory Note (Details) - Revolving Line of Credit [Member] - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |
Jul. 31, 2014 | Sep. 30, 2010 | Dec. 31, 2008 | Dec. 31, 2009 | |
Line of Credit Facility [Line Items] | ||||
Revolving line of credit, maximum borrowing capacity | $ 100,000 | |||
Revolving line of credit, interest rate | 3.75% | |||
Revolving line of credit, basis spread over prime rate | 0.50% | |||
Revolving line of credit, amount outstanding | $ 100,000 | |||
Amount of monthly installment payments of principal, plus interest to repay line of credit facility | $ 2,083 | |||
Re-payment terms of line of credit facility | Forty-eight equal monthly installments | |||
Revolving line of credit, required first payment date | Oct. 1, 2010 | |||
Repayment of line of credit | $ 6,250 |
Demand Loans (Details)
Demand Loans (Details) - USD ($) | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | |||
Demand loans | $ 46,000 | $ 63,000 | |
Repayment of demand loans | 17,000 | ||
Unsecured Debt [Member] | |||
Debt Instrument [Line Items] | |||
Demand loans | $ 46,000 | ||
Debt instrument, interest rate | 8.00% | ||
Repayment of demand loans | $ 17,000 |
Convertible Debentures (Narrati
Convertible Debentures (Narrative) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Debt Instrument [Line Items] | ||||
Interest expense | $ 5,100 | $ 5,300 | $ 10,300 | $ 10,600 |
Convertible Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Convertible debt, amount outstanding | 138,300 | 138,300 | ||
Convertible debt due during the third quarter of 2015 | 105,000 | 105,000 | ||
Convertible debt due during the third quarter of 2016 | $ 33,300 | $ 33,300 | ||
Debt instrument, interest rate | 7.00% | 7.00% | ||
Debt instrument, conversion price per share | $ 0.05 | $ 0.05 | ||
Number of shares of common stock that can be purchased through warrants | 691,365 | 691,365 | ||
Price per share of warrants | $ 0.02 | $ 0.02 | ||
Warrant exercisable term | 2 years | |||
Warrant expiration term | 7 years | |||
Pricing model used to value warrants | Black-Scholes pricing model | |||
Interest expense | $ 1,200 | $ 1,100 | $ 2,600 | $ 2,100 |
Convertible Debentures (Summary
Convertible Debentures (Summary of Warrants Activity) (Details) - 6 months ended Jun. 30, 2015 - Warrant [Member] - $ / shares | Total |
Warrants | |
Warrants outstanding at beginning of period | 802,365 |
Warrants expired | 46,000 |
Warrants outstanding at end of period | 756,365 |
Price | |
Warrants outstanding at beginning of period | $ 0.025 |
Warrants expired | 0.068 |
Warrants outstanding at end of period | $ 0.022 |
Convertible Debentures (Summa25
Convertible Debentures (Summary of Warrants Outstanding by Price Range) (Details) - Warrant [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Share Based Compensation Shares Authorized Under Equity Instruments Other Than Options Exercise Price Range [Line Items] | ||
Warrants outstanding exercise price range, lower limit | $ .01 | $ 0.01 |
Warrants outstanding exercise price range, upper limit | .07 | $ 0.07 |
Warrants expired exercise price range, lower limit | 0.06 | |
Warrants expired exercise price range, upper limit | 0.07 | |
Warrants exercisable exercise price range, lower limit | 0.01 | |
Warrants exercisable exercise price range, upper limit | $ 0.07 | |
Weighted average remaining contractual life | 5 years 4 days | |
Warrants exercisable, number | 65,000 | |
Warrants exercisable, weighted average exercise price | $ 0.045 | |
Warrants exercisable, weighted average remaining contractual life | 1 year 6 months 29 days |
Income Taxes (Details)
Income Taxes (Details) - USD ($) None in scaling factor is -9223372036854775296 | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Income Tax Contingency [Line Items] | ||||
Income tax provision | ||||
Change in unrecognized tax benefits during the period | ||||
Accrual for uncertain tax positions | ||||
Minimum [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Tax years open for examination | 2,011 | |||
Maximum [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Tax years open for examination | 2,014 |
Earnings (Loss) per Share (Deta
Earnings (Loss) per Share (Details) - shares | 3 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Earnings Per Share [Abstract] | ||
Number of incremental common shares resulting from the assumed conversion of warrants | 1,351 | 1,814 |
Major Customer and Geographic28
Major Customer and Geographic Information (Schedule of Revenues from Non-affiliated Customers) (Details) - Revenue [Member] | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Customer A [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Risk percentage | 64.00% | 57.00% | 59.00% | 50.00% |
Customer B [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Risk percentage | 16.00% | 16.00% | 20.00% | 18.00% |
Major Customer and Geographic29
Major Customer and Geographic Information (Schedule of Non-affiliated Customers with Accounts Receivable) (Details) - Accounts Receivable [Member] | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Customer A [Member] | ||
Concentration Risk [Line Items] | ||
Risk percentage | 80.00% | 46.00% |
Customer B [Member] | ||
Concentration Risk [Line Items] | ||
Risk percentage | 0.00% | 35.00% |
Major Customer and Geographic30
Major Customer and Geographic Information (Schedule of Revenue by Geographic Region) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenues | $ 316,700 | $ 236,100 | $ 505,100 | $ 421,000 |
North America [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenues | 109,000 | 99,800 | 198,600 | 201,800 |
Asia [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenues | $ 207,700 | $ 136,300 | $ 306,500 | $ 219,200 |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) | 1 Months Ended | 6 Months Ended | |
Jul. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2014 | |
Subsequent Event [Line Items] | |||
Repayments of outstanding demand loans | $ 17,000 | ||
Subsequent Event [Member] | |||
Subsequent Event [Line Items] | |||
Repayments of outstanding demand loans | $ 13,000 | ||
Repayments of convertible debenture | $ 10,000 | ||
Revised conversion price on $95,000 of convertible debentures | $ 0.025 |