Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.3.0.15
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 10,525,537 $ 1,799,048
Accounts receivable 538,109 407,350
Inventory 1,662,343 1,902,789
Prepaid expenses and other 159,846 74,437
Deferred financing costs 184,995 1,083,630
Total current assets 13,070,830 5,267,254
Property and equipment, net 293,681 500,742
Goodwill 169,987 0
Intangible assets 906,960 637,771
Total Assets 14,441,458 6,405,767
Current liabilities:    
Accounts payable and accrued expenses 1,657,113 967,896
Current portion of long-term debt, related party 0 1,338,455
Current portion of long-term debt 0 7,080,512
Total current liabilities 1,657,113 9,386,863
Long-term debt 4,826,264 0
Preferred stock dividends payable 0 6,048,378
Warrant liability 0 2,669,815
Total liabilities 6,483,377 18,105,056
Commitments and contingencies    
Temporary equity:    
Convertible preferred stock   15,412,039
Stockholders' equity (deficit):    
Common stock, value 109,498 12,056
Additional paid-in capital 54,142,532 9,934,980
Accumulated deficit (46,293,949) (38,183,364)
Total stockholders' equity (deficit) 7,958,081 (27,111,328)
Total liabilities and stockholders' equity (deficit) 14,441,458 6,405,767
Series B preferred stock
    
Temporary equity:    
Convertible preferred stock   4,243,948
Series C preferred stock
    
Temporary equity:    
Convertible preferred stock   8,092,568
Series D preferred stock
    
Temporary equity:    
Convertible preferred stock   3,075,523
Series A preferred stock
    
Stockholders' equity (deficit):    
Convertible preferred stock   $ 1,125,000