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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 675,188 $ 744,313
Accounts receivable, net 5,436,006 1,482,510
Accounts receivable- related party 2,459   
Inventory 6,408,780 3,901,781
Prepaid expenses and other current assets 151,821 100,485
Total current assets 12,674,254 6,229,089
Noncurrent assets    
Licensing agreement, net 1,929,549 1,833,966
Fixed assets, net 124,168 76,290
Deferred federal income tax 2,006,000   
Total noncurrent assets 4,059,717 1,910,256
TOTAL ASSETS 16,733,971 8,139,345
Current liabilities    
Accounts payable and accrued expenses 6,464,193 4,593,199
Accounts payable-related party 620,724 407,273
Deposits 235,557   
Total current liabilities 7,320,474 5,000,472
Long-term liabilities    
Mandatorily redeemable preferred stock, Series B, $0.001 par value, 2,000,000 shares authorized, 0 and 600,000 issued and outstanding as of December 31, 2011 and 2010 (includes $150,000 to a related party), respectively    600,000
Deferred federal income tax 76,000   
Total liabilities 7,396,474 5,600,472
Commitments and contingencies      
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value per share: 50,000,000 shares authorized; Series A Convertible Preferred stock, $0.001 par value, 5,000,000 authorized and 4,426,639 and 4,675,716 issued and outstanding at December 31, 2011 and 2010, respectively 4,427 4,676
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 9,414,926 and 8,370,849 issued and outstanding at December 31, 2011 and 2010, respectively 9,415 8,371
Additional paid-in capital 3,319,388 2,275,074
Retained earnings 6,004,267 250,752
Total stockholders' equity 9,337,497 2,538,873
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 16,733,971 $ 8,139,345