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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash $ 1,532,550 $ 4,353,699
Accounts receivable, net 2,684,567 1,685,623
Security deposits 26,077 3,048
Inventory 4,790,301 $ 2,284,922
Note receivable, current portion 16,517
Prepaid income tax 152,000
Prepaid expenses and other current assets 334,483 $ 47,202
Total current assets 9,536,494 8,374,493
PROPERTY AND EQUIPMENT, net 226,804 $ 3,107
Note receivable, net of current portion 52,695
Deferred taxes 812,879 $ 689,000
Intangibles assets, net 6,929,505 1,037,369
TOTAL ASSETS 17,558,378 10,103,970
CURRENT LIABILITIES:    
Accounts payable 3,363,906 813,600
Accrued expenses and other liabilities 1,003,832 152,736
Litigation reserve 95,775  
Income tax payable 0 40,000
Line of credit 1,490,305 437,089
Term Loan Agreement, current portion 525,589 507,031
Notes payable 54,036 0
Total current liabilities 6,533,443 1,950,456
LONG-TERM DEBT 914,138 1,439,799
TOTAL LIABILITIES 7,447,581 3,390,255
STOCKHOLDERS' EQUITY:    
Common stock, $.01 par value, 150,000,000 shares authorized; 10,444,257 and 8,198,516 issued and outstanding as of December 31, 2015 and December 31, 2014, respectively 104,443 81,985
Subscribed common stock 97 $ 38
Treasury Stock (142,228)
Additional paid-in capital 30,963,122 $ 26,280,388
Accumulated deficit (20,814,637) (19,648,697)
Total stockholders' equity 10,110,797 6,713,714
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 17,558,378 $ 10,103,970