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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 9,087,016 $ 9,650,275
Accounts receivable, net of allowance for doubtful accounts of $24,000 and $24,000 at March 31, 2014 and December 31, 2013, respectively 3,369,812 4,592,121
Inventories 3,604,603 3,188,726
Prepaid expenses and other current assets 1,118,818 1,099,379
TOTAL CURRENT ASSETS 17,180,249 18,530,501
FIXED ASSETS, net of accumulated depreciation 1,872,341 1,978,232
OTHER ASSETS:    
Deferred tax asset, net of valuation allowance 3,733,103 3,590,207
License agreements, net of current portion 300,000 326,875
Deposits on manufacturing equipment 43,388 16,410
Deposits and other assets 316,015 44,367
TOTAL ASSETS 23,445,096 24,486,592
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 3,268,469 4,309,490
Current portion of loans payable 0 0
TOTAL CURRENT LIABILITIES 3,268,469 4,309,490
TOTAL LIABILITIES 3,268,469 4,309,490
STOCKHOLDERS' EQUITY:    
Preferred stock - 10,000,000 shares authorized, none outstanding 0 0
Common stock - $.01 par value; 100,000,000 shares authorized, 9,472,700 and 9,324,783 shares issued and outstanding for March 31, 2014 and December 31, 2013, respectively 94,727 93,248
Additional paid-in capital 47,097,811 46,875,026
Accumulated deficit (27,015,911) (26,791,172)
TOTAL STOCKHOLDERS' EQUITY 20,176,627 20,177,102
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,445,096 $ 24,486,592