Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 29,935,467 $ 8,215,791
Accounts receivable, net of allowance for doubtful accounts of approximately $166,000 and $94,000, respectively 4,642,802 2,872,308
Inventory 3,701,755 3,213,620
Prepaid expenses and other 290,231 109,369
Total current assets 38,570,255 14,411,088
Property and equipment, net 830,083 619,028
Intangible assets 635,349 577,174
Deferred financing costs 877,265 793,499
Total Assets 40,912,952 16,400,789
Current liabilities:    
Accounts payable and accrued expenses 4,086,307 2,431,194
Current Deferred Revenue 14,118 14,118
Total current liabilities 4,100,425 2,445,312
Note Payable - Revenue Interest Purchase Agreement 25,537,367 25,085,777
Long Term Deferred Revenue 99,193 115,380
Total liabilities 29,736,985 27,646,469
Shareholders' equity (deficit):    
Common stock, $.01 par value; 50,000,000 shares authorized; 29,844,503 and 19,488,814 shares issued and outstanding 298,445 194,888
Additional paid-in capital 110,738,708 78,675,686
Accumulated deficit (99,861,186) (90,116,254)
Total shareholders' equity (deficit) 11,175,967 (11,245,680)
Total Liabilities and Shareholders' equity $ 40,912,952 $ 16,400,789