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BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 1,398,860 $ 6,173,627
Restricted cash 874,059 1,206,371
Accounts receivable, net 892,888 900,865
Accrued interest income 0 2,628
Prepaid expenses and other current assets 54,625 53,899
Total current assets 3,220,432 8,337,390
Property and Equipment    
Equipment and tooling 1,203,414 1,152,702
Leasehold improvements 790,046 787,248
Computers, network and phones 270,304 237,945
Furniture and fixtures 140,726 139,521
Trade show booth 31,900 27,619
Total property and equipment 2,436,390 2,345,035
Less: accumulated depreciation 736,844 590,340
Property and equipment, net 1,699,546 1,754,695
Other Assets    
Intangible assets, net of amortization of $1,305,553 and $1,053,011, respectively 7,315,622 7,812,726
Deferred financing costs, net of amortization of $895,876 and $649,681, respectively 1,148,624 1,394,819
Recoupable royalties- Visual Connections - Wing 100,000 100,000
Total other assets 8,564,246 9,307,545
Total assets 13,484,224 19,399,630
Current Liabilities    
Accounts payable and accrued expenses 867,106 951,646
Accrued interest payable 700,000 700,000
Senior Notes - current portion 2,996,193 0
Derivative liabilities – fair value of warrants 905,577 1,293,754
Total current liabilities 5,468,876 2,945,400
Long-Term Liabilities    
Senior Notes - long term portion 27,003,807 30,000,000
Total long-term liabilities 27,003,807 30,000,000
Total liabilities 32,472,683 32,945,400
Preferred stock $.01 par value: 10,000,000 shares authorized:    
Common stock $.001 par value; 90,000,000 shares authorized; 12,887,482 and 13,042,313 issued and outstanding, respectively 12,904 13,043
Additional Paid in Capital 70,763,536 70,842,537
Accumulated deficit (89,862,233) (84,498,684)
Total shareholders’ deficiency (18,988,459) (13,545,770)
Total liabilities and shareholders’ deficiency 13,484,224 19,399,630
Series A Preferred Stock [Member]
   
Preferred stock $.01 par value: 10,000,000 shares authorized:    
Preferred stock, value issued 66,682 66,682
Series B Preferred Stock [Member]
   
Preferred stock $.01 par value: 10,000,000 shares authorized:    
Preferred stock, value issued 14,937 14,937
Series C Preferred Stock [Member]
   
Preferred stock $.01 par value: 10,000,000 shares authorized:    
Preferred stock, value issued $ 15,715 $ 15,715