Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 16,807,753 $ 20,069,750
Accounts receivable, net of allowance for doubtful accounts of approximately $54,000 and $58,000, respectively 1,965,157 1,893,699
Inventory 3,466,099 3,398,438
Prepaid expenses and other 195,489 296,719
Total current assets 22,434,498 25,658,606
Property and equipment, net 543,227 381,689
Intangible assets 567,787 570,396
Deferred financing costs 1,022,363 1,073,579
Total Assets 24,567,875 27,684,270
Current liabilities:    
Accounts payable and accrued expenses 1,908,743 2,083,942
Current Deferred Revenue 14,118 14,118
Total current liabilities 1,922,861 2,098,060
Note Payable - Revenue Interest Purchase Agreement 26,255,540 25,363,695
Long Term Deferred Revenue 82,311 85,882
Total liabilities 28,260,712 27,547,637
Commitments and contingencies      
Shareholders' equity (deficit):    
Common stock, $.01 par value; 50,000,000 shares authorized; 17,445,968 and 17,339,561 shares issued and outstanding 174,459 173,395
Additional paid-in capital 72,778,043 72,369,016
Accumulated deficit (76,645,339) (72,405,778)
Total shareholders' equity (deficit) (3,692,837) 136,633
Total Liabilities and Shareholders' equity $ 24,567,875 $ 27,684,270