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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 8,645,392 $ 2,951,859
Accounts receivable, net of allowance for doubtful accounts of $24,000 and $58,000 at March 31, 2013 and December 31, 2012, respectively 3,894,207 4,821,357
Inventories 3,848,295 2,488,071
Prepaid expenses and other current assets 730,383 747,463
TOTAL CURRENT ASSETS 17,118,277 11,008,750
FIXED ASSETS, net of accumulated depreciation 1,832,570 1,427,646
OTHER ASSETS:    
Deferred tax asset, net of valuation allowance 4,197,113 4,233,194
License agreements, net of current portion 350,000 400,000
Deposits on manufacturing equipment 1,975 223,584
Deposits and other assets 41,976 41,976
TOTAL ASSETS 23,541,911 17,335,150
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 3,929,431 3,303,923
Current portion of loans payable 0 51,236
Customer deposits 0 23,224
TOTAL CURRENT LIABILITIES 3,929,431 3,378,383
OTHER LIABILITIES:    
Loans payable - net of current portion 0 82,247
TOTAL LIABILITIES 3,929,431 3,460,630
STOCKHOLDERS' EQUITY:    
Preferred stock - 10,000,000 shares authorized, none outstanding 0 0
Common stock - $.01 par value; 100,000,000 shares authorized, 8,086,114 and 8,036,232 shares issued and outstanding for March 31, 2013 and December 31, 2012, respectively 93,248 80,362
Additional paid-in capital 46,765,088 41,116,149
Accumulated deficit (27,245,856) (27,321,991)
TOTAL STOCKHOLDERS' EQUITY 19,612,480 13,874,520
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,541,911 $ 17,335,150