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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) $ (2,801,278) $ (943,113) $ (2,526,321)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Stock, options and notes issued for compensation and services 1,686,585 541,691 1,190,081
Unrealized loss on derivative 171,880 427,818 0
Non-cash interest expense, including amortization of debt offering costs 0 42,777 73,333
Non-cash (profit) loss on equity method investment (49,418) (24,766) (59,623)
Allowance for bad debt expense and returns allowance     65,763
Allowance for bad debt expense and returns allowance (91,050) 301,546  
Amortization of investment premiums and discounts 75,118 22,732 0
Amortization of intangibles 3,438,522 2,522,203 150,432
Deferred income taxes (674,177) (815,562) 0
Inventory reserve (147,473) (27,979) 10,000
Asset Impairment Charges 0 502,194 0
Loss on disposal of assets 26,488 9,648 0
Depreciation 1,003,291 756,871 579,861
(Increase) decrease in assets:      
Trade accounts receivable (3,277,448) 1,628,135 (1,337,048)
Inventory 209,657 (1,733,273) (1,290,794)
Costs in excess of billings 551,660 (176,640) 0
Prepaid expenses and other current assets (970,711) (228,672) 285,690
Deposits and other assets 18,760 (14,004) 80,856
Increase (decrease) in liabilities:      
Accounts payable (257,096) (7,027) 382,852
Accrued expenses 353,539 (2,543,969) 12,045
Unearned revenue 504,808 837,334 300,786
Billings in excess of costs (2,938,400) 598,279 0
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (3,134,388) 1,676,223 (1,803,659)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash paid upon acquisition, net of cash received 0 (17,709,507) 0
Investments in other intangible assets, net (3,667) (414,700) (80,343)
Purchase of short term investments held to maturity (12,766,667) (15,390,437) 0
Maturities of short term investments held to maturity 12,400,744 4,498,744 0
Proceeds from notes receivable 0 33,451 46,808
Deposits for property and equipment (61,988) 0 0
Purchase of property and equipment (1,095,820) (2,523,418) (685,269)
NET CASH USED IN INVESTING ACTIVITIES (1,527,398) (31,505,867) (718,804)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from (payments to) demand notes payable 0 (459,448) (1,069,452)
Proceeds from (payments to) leases payable (107,956) (68,050) 0
Proceeds from (payments to) notes and loans payable (76,814) (12,694) (4,000,000)
Payments on convertible notes payable, related party 0 0 (35,000)
Payments on notes payable, related party 0 (2,000,000) (3,000,000)
Proceeds from sales of common stock and exercise of options, net of offering costs 0 45,135,280 13,532,285
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (184,770) 42,595,088 5,427,833
EFFECT OF EXCHANGE RATE CHANGE ON CASH (24,591) 770,224 (42,305)
Cash and cash equivalents at beginning of year 16,575,508 3,039,840 176,775
Cash and cash equivalents at end of year 11,704,361 16,575,508 3,039,840
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (4,871,147) 13,535,668 2,863,065
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Income taxes paid 373,798 426,054 72,630
Interest paid 508,712 424,577 597,814
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Deposit for property and equipment purchases in accounts payable 61,988 0 0
Mortgage note payable assumed for the acquisition of real estate 0 3,693,750 0
Common stock issued for royalties payable pursuant to product agreements, related party 13,201 24,813 6,638
Capital leases 74,537 76,035 0
Conversion of accrued liabilities to common stock 39,079 0 5,054
Conversion of preferred stock to common stock 0 0 51
Common stock issued for consulting services and compensation in common stock 1,018,851 106,747 957,295
Technology rights      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment of intangible assets 32,355 0 0
Trademark and trade name V-Infinity      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment of intangible assets $ 0 $ 0 $ 278,428