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Statement of Financial Position (USD $)
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash $ 354,929 $ 445,662
Accounts receivable, net 1,042,748 574,616
Inventory 1,877,282 1,473,605
Prepaid expenses and other current assets 21,421 54,045
Total current assets 3,296,380 2,547,928
PROPERTY AND EQUIPMENT, net 42,887 87,208
Intangibles assets, net 1,476,615 1,696,363
Deposits 6,830 3,783
TOTAL ASSETS 4,822,712 4,335,282
CURRENT LIABILITIES:    
Accounts payable 767,171 508,146
Disputed accounts payables 0 113,299
Accrued expenses and other liabilities 162,128 101,467
Litigation reserve 250,000 0
Note payable 0 194,718
Line of credit 437,089 437,089
Total current liabilities 1,616,388 1,354,719
TOTAL LIABILITIES 1,616,388 1,354,719
CONTINGENCIES AND COMMITMENTS 0 0
STOCKHOLDERS' EQUITY:    
Preferred stock series B, $.01 par value, 1,000 shares authorized; 103.3 and 103.3 issued and outstanding of its 10% Perpetual Preferred with a Stated Value of $10,000 per share with a cumulative dividend of $588,709 and $436,188 as of December 31, 2011 and December 31, 2010, respectively 588,710 436,189
Preferred stock series C, $.01 par value, 500 shares authorized; 125 and 125 issued and outstanding as of December 31, 2011 and December 31, 2010, respectively 1 1
Common stock, $.01 par value, 150,000,000 shares authorized; 74,171,996 and 72,198,246 issued and outstanding as of December 31, 2010 and December 31, 2009, respectively 741,720 721,982
Additional paid-in capital 27,014,893 27,404,592
Accumulated deficit (25,138,999) (25,582,201)
Total stockholders' equity 3,206,325 2,980,562
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,822,712 $ 4,335,282