XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 20,829,033 $ 13,856,893
Accounts receivable, less allowance of $0 at March 31, 2012 and December 31, 2011 12,969,623 13,388,909
Inventory 8,109,179 10,354,707
Prepaid expenses and other current assets 1,176,980 1,894,014
Total current assets 43,084,815 39,494,523
Property, plant and equipment, net 8,084,985 8,686,840
Intangible assets, net 7,001,738 7,474,636
Total assets 58,171,538 55,655,999
Current liabilities:    
Accounts payable 2,903,785 4,668,721
Accrued expenses 2,378,956 3,172,998
Product warranty reserve 1,091,147 1,210,909
Borrowings under line of credit   5,405,110
Deferred revenue 6,983,501 5,542,004
Other current liabilities 650,300 80,000
Total current liabilities 14,007,689 20,079,742
Common stock warrant liability 4,082,240 5,320,990
Other liabilities 1,247,335 1,219,602
Total liabilities 19,337,264 26,620,334
Stockholders' equity:    
Common stock, $0.01 par value per share; 245,000,000 shares authorized; Issued (including shares in treasury): 37,933,447 at March 31, 2012 and 22,924,411 at December 31, 2011 379,335 229,244
Additional paid-in capital 800,368,988 784,213,871
Accumulated other comprehensive income 1,005,247 928,744
Accumulated deficit (761,366,914) (754,783,812)
Less common stock in treasury: 165,906 shares at March 31, 2012 and December 31, 2011 (1,552,382) (1,552,382)
Total stockholders' equity 38,834,274 29,035,665
Total liabilities and stockholders' equity $ 58,171,538 $ 55,655,999