Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 16,003,245 $ 25,909,500
Accounts receivable, net of allowance for doubtful accounts of approximately $249,000 and $192,000 respectively 7,004,756 4,782,989
Inventory 4,970,819 3,933,960
Prepaid expenses and other 685,711 424,925
Total current assets 28,664,531 35,051,374
Property and equipment, net 1,320,711 970,870
Intangible assets 787,523 678,082
Total Assets 30,772,765 36,700,326
Current liabilities:    
Accounts payable and accrued expenses 4,559,394 3,695,127
Current deferred revenue 36,032 14,118
Total current liabilities 4,595,426 3,709,245
Note Payable - Revenue Interest Purchase Agreement 24,996,070 24,701,693
Long Term Deferred Revenue 77,610 93,797
Total liabilities 29,669,106 28,504,735
Shareholders' equity:    
Common stock, $0.01 par value per share; 50,000,000 shares authorized; 30,209,036 and 29,984,591 shares issued and outstanding 302,090 299,846
Additional paid-in capital 113,058,408 111,368,424
Accumulated deficit (112,256,839) (103,472,679)
Total shareholders' equity (deficit) 1,103,659 8,195,591
Total Liabilities and Shareholders' equity $ 30,772,765 $ 36,700,326