Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 5,641,947 $ 8,190,781
Accounts receivable 893,983 797,654
Inventory 2,126,336 1,760,540
Prepaid expenses and other 142,257 133,500
Total current assets 8,804,523 10,882,475
Property and equipment, net 221,446 247,824
Goodwill 169,987 169,987
Intangible assets 911,297 899,480
Deferred financing costs 272,563 295,276
Other assets 97,276 0
Total Assets 10,477,092 12,495,042
Current liabilities:    
Accounts payable and accrued expenses 1,506,373 1,585,100
Current portion of long-term debt 918,480 434,734
Total current liabilities 2,424,853 2,019,834
Long-term debt 3,932,229 4,403,737
Total liabilities 6,357,082 6,423,571
Commitments and contingencies      
Stockholders' equity:    
Common stock, $.01 par value; 50,000,000 shares authorized; 11,062,421 and 11,062,188 shares issued and outstanding 110,624 110,622
Additional paid-in capital 54,549,646 54,391,784
Accumulated deficit (50,540,260) (48,430,935)
Total stockholders' equity 4,120,010 6,071,471
Total liabilities and stockholders' equity $ 10,477,092 $ 12,495,042