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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
ASSETS:    
Cash $ 936,911 $ 354,929
Accounts receivable - net 969,111 1,042,748
Inventory 3,684,991 1,877,282
Deferred tax asset 689,000   
Prepaid expenses and other current assets 117,059 21,421
Total current assets 6,397,072 3,296,380
PROPERTY AND EQUIPMENT, net 18,577 42,887
Intangibles assets, net 1,256,866 1,476,615
Deposits 3,048 6,830
TOTAL ASSETS 7,675,563 4,822,712
LIABILITIES AND STOCKHOLDERS' EQUITY:    
Accounts payable 1,209,380 767,171
Accrued expenses and other liabilities 191,787 162,128
Income tax payable 32,000   
Litigation Reserve    250,000
Line of credit 437,089 437,089
Total current liabilities 1,870,256 1,616,388
TOTAL LIABILITIES 1,870,256 1,616,388
CONTINGENCIES AND COMMITMENTS      
STOCKHOLDERS' EQUITY:    
Series B Preferred Stock, $.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 $757,063 and $588,709 as of December 31, 2012 and December 31, 2011, respectively 757,064 588,710
Series C Preferred Stock, $.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 $50,755 and $0 as of December 31, 2012 and December 31, 2011, respectively 50,756 1
Common Stock, $.01 par value, 150,000,000 shares authorized; 74,753,482 and 74,171,996 issued and outstanding as of December 31, 2012 and December 31, 2011, respectively 747,535 741,720
Additional paid-in capital 26,864,676 27,014,893
Accumulated deficit (22,614,724) (25,138,999)
Total stockholders' equity 5,805,307 3,206,324
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,675,563 $ 4,822,712