Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 4,445,099 $ 8,190,781
Accounts receivable 925,544 797,654
Inventory 2,722,670 1,760,540
Prepaid expenses and other 89,835 133,500
Total current assets 8,183,148 10,882,475
Property and equipment, net 139,362 247,824
Goodwill 169,987 169,987
Intangible assets 736,772 899,480
Deferred Financing Costs 345,611 295,276
Other assets 118,891  
Total Assets 9,693,771 12,495,042
Current liabilities:    
Accounts payable and accrued expenses 1,863,494 1,585,100
Current portion of long-term debt 1,885,972 434,734
Total current liabilities 3,749,466 2,019,834
Long-term debt 4,739,305 4,403,737
Total liabilities 8,488,771 6,423,571
Commitments and contingencies      
Stockholders' equity:    
Common stock, $.01 par value; 50,000,000 shares authorized; 11,104,596 and 11,062,188 shares issued and outstanding 111,046 110,622
Additional paid-in capital 54,900,742 54,391,784
Accumulated deficit (53,806,788) (48,430,935)
Total stockholders' equity 1,205,000 6,071,471
Total Liabilities and Stockholders' Equity $ 9,693,771 $ 12,495,042