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Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 197,618 $ 2,763,420
Accounts receivable 2,950,909 1,198,939
Inventory 3,209,832 2,539,190
Prepaid expenses 195,580 192,269
Total 6,553,939 6,693,818
Property, equipment and leaseholds 8,507,384 7,867,672
Patents 225,850 225,180
Long term deposits 8,127 7,895
Deferred tax asset 199,000 199,000
Total 15,494,300 14,993,565
Current Liabilities    
Accounts payable and accrued liabilities 1,034,090 512,380
Deferred revenue 304,975 250,000
Taxes payable 310,000 620,000
Short term line of credit 500,000 0
Current portion of long term debt 336,924 122,726
Total 2,278,629 1,505,106
Long Term Liabilities    
Loans 2,001,351 2,206,075
Total 4,487,340 3,711,181
Stockholders' Equity    
1,000,000 Preferred shares with a par value of $0.01 each 0 0
Capital stock Authorized 50,000,000 Common shares with a par value of $0.001 each Issued and outstanding 13,169,991 (2010: 13,962,567) common shares 13,170 13,963
Capital in excess of par value 15,680,743 16,638,227
Other comprehensive income 704,877 554,865
Deficit (5,391,830) (5,924,671)
Total Stockholders' Equity 11,006,960 11,282,384
Total Liabilities and Stockholders' Equity $ 15,494,300 $ 14,993,565