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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS:    
Cash $ 1,187,369 $ 354,929
Accounts receivable - net 1,395,021 1,042,748
Inventory 2,471,516 1,877,282
Prepaid expenses and other current assets 176,565 21,421
Total current assets 5,230,471 3,296,380
PROPERTY AND EQUIPMENT, net 23,788 42,887
Intangibles assets, net 1,311,803 1,476,615
Deposits 3,048 6,830
TOTAL ASSETS 6,569,110 4,822,712
LIABILITIES AND STOCKHOLDERS' EQUITY:    
Accounts payable 738,773 767,171
Accrued expenses and other liabilities 121,104 162,128
Federal Tax Payable 5,500   
Litigation Reserve 40,000 250,000
Line of credit 437,089 437,089
Total current liabilities 1,342,466 1,616,388
TOTAL LIABILITIES 1,342,466 1,616,388
CONTINGENCIES AND COMMITMENTS      
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 $713,403 and $588,709 as of September 30, 2012 and December 31, 2011, respectively 713,404 588,710
Preferred stock series C, $.01 par value, 500 shares authorized; 125 and 125 issued and outstanding with a Stated Value of $10,000 per share with a cumulative dividend of $37,876 and $0 at September 30, 2012 and December 31, 2011, respectively 37,877 1
Common Stock, $.01 par value, 150,000,000 shares authorized; 74,590,670 and 74,171,996 issued and outstanding as of June 30, 2012 and December 31, 2011, respectively 745,907 741,720
Additional paid-in capital 26,908,190 27,014,893
Accumulated deficit (23,178,735) (25,138,999)
Total stockholders' equity 5,226,644 3,206,325
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,569,110 $ 4,822,712