Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 11,200,447 $ 13,907,401
Accounts receivable 1,179,138 1,050,089
Inventory 3,420,253 3,151,109
Prepaid expenses and other 142,033 187,256
Total current assets 15,941,871 18,295,855
Property and equipment, net 111,401 108,534
Intangible assets 590,458 573,731
Deferred financing costs 1,208,227 1,252,443
Total Assets 17,851,957 20,230,563
Current liabilities:    
Accounts payable and accrued expenses 1,418,938 1,479,752
Total current liabilities 1,418,938 1,479,752
Note Payable - Revenue Interest Purchase Agreement 22,438,404 21,580,252
Total liabilities 23,857,342 23,060,004
Commitments and contingencies      
Shareholders' equity (deficit):    
Common stock, $.01 par value; 50,000,000 shares authorized; 11,127,869 and 11,122 ,573 shares issued and outstanding 111,279 111,226
Additional paid-in capital 55,169,737 54,908,226
Accumulated deficit (61,286,401) (57,848,893)
Total shareholders' equity (deficit) (6,005,385) (2,829,441)
Total liabilities and Shareholders' equity $ 17,851,957 $ 20,230,563