Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 4,638,793 $ 8,190,781
Accounts receivable 862,228 797,654
Inventory 2,467,787 1,760,540
Prepaid expenses and other 240,678 133,500
Total current assets 8,209,486 10,882,475
Property and equipment, net 176,995 247,824
Goodwill 169,987 169,987
Intangible assets 884,935 899,480
Deferred Financing Costs 266,550 295,276
Other Assets 129,702  
Total Assets 9,837,655 12,495,042
Current liabilities:    
Accounts payable and accrued expenses 1,704,033 1,585,100
Current portion of long-term debt 1,402,226 434,734
Total current liabilities 3,106,259 2,019,834
Long-term debt 3,460,751 4,403,737
Total liabilities 6,567,010 6,423,571
Commitments and contingencies      
Stockholders' equity:    
Common stock, $.01 par value; 50,000,000 shares authorized; 11,104,037 and 11,062,188 shares issued and outstanding 111,040 110,622
Additional paid-in capital 54,729,584 54,391,784
Accumulated deficit (51,569,979) (48,430,935)
Total stockholders' equity 3,270,645 6,071,471
Total liabilities and stockholders' equity (deficit) $ 9,837,655 $ 12,495,042