Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 14,170,332 $ 20,069,750
Accounts receivable, net of allowance for doubtful accounts of approximately $61,000 and $58,000, respectively 2,526,953 1,893,699
Inventory 3,410,442 3,398,438
Prepaid expenses and other 144,975 296,719
Total current assets 20,252,702 25,658,606
Property and equipment, net 597,278 381,689
Intangible assets 578,602 570,396
Deferred financing costs 970,147 1,073,579
Total Assets 22,398,729 27,684,270
Current liabilities:    
Accounts payable and accrued expenses 2,239,055 2,083,942
Current Deferred Revenue 14,118 14,118
Total current liabilities 2,253,173 2,098,060
Note Payable - Revenue Interest Purchase Agreement 27,242,589 25,363,695
Long Term Deferred Revenue 78,739 85,882
Total liabilities 29,574,501 27,547,637
Commitments and contingencies      
Shareholders' equity (deficit):    
Common stock, $.01 par value; 50,000,000 shares authorized; 17,466,091 and 17,339,561 shares issued and outstanding 174,661 173,395
Additional paid-in capital 73,036,381 72,369,016
Accumulated deficit (80,386,814) (72,405,778)
Total shareholders' equity (deficit) (7,175,772) 136,633
Total Liabilities and Shareholders' equity $ 22,398,729 $ 27,684,270