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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash $ 4,335,640 $ 4,353,699
Accounts receivable, net 2,973,249 1,685,623
Inventory 1,842,068 2,284,922
Deferred tax asset 689,000 689,000
Prepaid expenses and other current assets 141,981 47,202
Total current assets 9,981,937 9,060,446
PROPERTY AND EQUIPMENT, net 4,530 3,107
Intangible assets, net 957,967 1,037,369
Deposits 3,048 3,048
TOTAL ASSETS 10,947,483 10,103,970
CURRENT LIABILITIES:    
Accounts payable 1,582,614 813,600
Accrued expenses and other liabilities 309,550 152,736
Income tax payable (6,000) 40,000
Line of credit 437,089 437,089
Current Portion of Term Loan Agreement 516,227 507,031
Total current liabilities 2,839,480 1,950,456
LONG-TERM DEBT 1,179,292 1,439,799
TOTAL LIABILITIES $ 4,018,772 $ 3,390,255
CONTINGENCIES AND COMMITMENTS    
STOCKHOLDERS' EQUITY:    
Common stock, $.01 par value, 150,000,000 shares authorized; 8,043,525 and 8,198,516 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively $ 80,435 $ 81,985
Subscribed common stock 58 38
Additional paid-in capital 26,295,640 26,280,388
Accumulated deficit (19,447,423) (19,648,697)
Total stockholders' equity 6,928,711 6,713,714
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,947,483 $ 10,103,970