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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 1,871,982 $ 10,554,464
Accounts receivable, net of allowance for doubtful accounts of $52,000 at June 30, 2017 and December 31, 2016, respectively 5,768,920 3,383,729
Inventories, net 5,235,164 3,335,188
Prepaid expenses and other current assets 842,532 840,145
TOTAL CURRENT ASSETS 13,718,598 18,113,526
FIXED ASSETS, net of accumulated depreciation 1,964,427 1,709,321
OTHER ASSETS:    
Goodwill 1,597,617 0
Intangible assets, net 1,573,518 0
Deposits on manufacturing equipment 243,755 31,900
Deposits and other assets 146,789 720,489
TOTAL ASSETS 19,244,704 20,575,236
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 3,870,161 3,013,133
Deferred revenue 0 392,517
TOTAL CURRENT LIABILITIES 3,870,161 3,405,650
OTHER LIABILITIES:    
Deferred tax liability 335,990 0
Other Notes Payable, Noncurrent 99,480 0
TOTAL LIABILITIES 4,305,631 3,405,650
STOCKHOLDERS' EQUITY:    
Preferred stock - 10,000,000 shares authorized; none outstanding 0 0
Common stock - $.01 par value; 100,000,000 shares authorized; 12,299,122 and 12,026,847 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 123,185 120,268
Additional paid-in capital 62,733,065 60,721,783
Accumulated other comprehensive loss 128,616 0
Accumulated deficit (48,045,793) (43,672,465)
TOTAL STOCKHOLDERS' EQUITY 14,939,073 17,169,586
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 19,244,704 $ 20,575,236