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Condensed Consolidated Balance Sheets (USD $)
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Mar. 31, 2015
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Dec. 31, 2014
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| Current assets: | ||
| Cash and cash equivalents | $ 19,255,725us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 8,215,791us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Accounts receivable, net of allowance for doubtful accounts of approximately $101,000 and $94,000, respectively | 3,161,588us-gaap_AccountsReceivableNetCurrent | 2,872,308us-gaap_AccountsReceivableNetCurrent |
| Inventory | 3,337,898us-gaap_InventoryNet | 3,213,620us-gaap_InventoryNet |
| Prepaid expenses and other | 259,948us-gaap_PrepaidExpenseAndOtherAssetsCurrent | 109,369us-gaap_PrepaidExpenseAndOtherAssetsCurrent |
| Total current assets | 26,015,159us-gaap_AssetsCurrent | 14,411,088us-gaap_AssetsCurrent |
| Property and equipment, net | 583,420us-gaap_PropertyPlantAndEquipmentNet | 619,028us-gaap_PropertyPlantAndEquipmentNet |
| Intangible assets | 597,453us-gaap_FiniteLivedIntangibleAssetsNet | 577,174us-gaap_FiniteLivedIntangibleAssetsNet |
| Deferred financing costs | 939,894us-gaap_DeferredFinanceCostsNoncurrentNet | 793,499us-gaap_DeferredFinanceCostsNoncurrentNet |
| Total Assets | 28,135,926us-gaap_Assets | 16,400,789us-gaap_Assets |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 3,423,272us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent | 2,431,194us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
| Current deferred Revenue | 14,118us-gaap_DeferredRevenueCurrent | 14,118us-gaap_DeferredRevenueCurrent |
| Total current liabilities | 3,437,390us-gaap_LiabilitiesCurrent | 2,445,312us-gaap_LiabilitiesCurrent |
| Note Payable - Revenue Interest Purchase Agreement | 25,269,050us-gaap_LongTermNotesPayable | 25,085,777us-gaap_LongTermNotesPayable |
| Long Term Deferred Revenue | 109,984us-gaap_DeferredRevenueNoncurrent | 115,380us-gaap_DeferredRevenueNoncurrent |
| Total liabilities | 28,816,424us-gaap_Liabilities | 27,646,469us-gaap_Liabilities |
| Commitments and contingencies | ||
| Shareholders' equity (deficit): | ||
| Common stock, $.01 par value; 50,000,000 shares authorized; 24,926,014 and 19,488,814 shares issued and outstanding | 249,260us-gaap_CommonStockValue | 194,888us-gaap_CommonStockValue |
| Additional paid-in capital | 92,761,697us-gaap_AdditionalPaidInCapitalCommonStock | 78,675,686us-gaap_AdditionalPaidInCapitalCommonStock |
| Accumulated deficit | (93,691,455)us-gaap_RetainedEarningsAccumulatedDeficit | (90,116,254)us-gaap_RetainedEarningsAccumulatedDeficit |
| Total shareholders' equity (deficit) | (680,498)us-gaap_StockholdersEquity | (11,245,680)us-gaap_StockholdersEquity |
| Total Liabilities and Shareholders' equity | $ 28,135,926us-gaap_LiabilitiesAndStockholdersEquity | $ 16,400,789us-gaap_LiabilitiesAndStockholdersEquity |
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net amount of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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