XML 60 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 9,380,059 $ 13,856,893
Accounts receivable, net 4,021,725 13,388,909
Inventory 8,550,457 10,354,707
Prepaid expenses and other current assets 1,988,457 1,894,014
Total current assets 23,940,698 39,494,523
Property, plant, and equipment, net 6,708,237 8,686,840
Leased property under capital lease, net 2,969,799  
Note receivable 570,697  
Intangible assets, net 5,270,571 7,474,636
Total assets 39,460,002 55,655,999
Current liabilities:    
Borrowings under line of credit 3,380,835 5,405,110
Accounts payable 3,558,157 4,668,721
Accrued expenses 3,828,045 3,172,998
Product warranty reserve 2,671,409 1,210,909
Deferred revenue 2,950,375 2,505,175
Obligations under capital lease 650,379  
Other current liabilities   80,000
Total current liabilities 17,039,200 17,042,913
Obligations under capital lease 1,304,749  
Deferred revenue 4,362,092 3,036,829
Common stock warrant liability 475,825 5,320,990
Other liabilities 1,247,833 1,219,602
Total liabilities 24,429,699 26,620,334
Stockholders' equity:    
Common stock, $0.01 par value per share; 245,000,000 shares authorized; Issued (including shares in treasury): 38,404,764 at December 31, 2012 and 22,924,411 at December 31, 2011 384,048 229,244
Additional paid-in capital 801,840,491 784,213,871
Accumulated other comprehensive income 1,004,412 928,744
Accumulated deficit (786,646,266) (754,783,812)
Less common stock in treasury: 165,906 shares at December 31, 2012 and December 31, 2011 (1,552,382) (1,552,382)
Total stockholders' equity 15,030,303 29,035,665
Total liabilities and stockholders' equity $ 39,460,002 $ 55,655,999