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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets      
Cash and cash equivalents $ 175,308 $ 1,846,704 $ 137,637
Accounts receivable, net of allowances of $460,155, $483,349 and $381,234 at September 30 2016, December 31, 2015 and 2014, respectively 2,871,603 1,079,145 1,811,006
Inventories, net 4,229,070 2,784,610 1,724,507
Prepaid expenses and other current assets 574,450 381,205 270,263
Total current assets 7,850,431 6,091,664 3,943,413
Equipment, net 173,804 205,132 67,142
Other assets 542,193 573,049 0
Total assets 8,566,428 6,869,845 4,010,555
Current liabilities      
Bank credit line 2,141,799 0 840,585
Accounts payable 1,851,778 1,423,503 726,627
Accrued expenses 948,709 292,756 284,736
Total current liabilities 4,942,286 1,716,259 1,851,948
Total liabilities 4,942,286 1,716,259 1,851,948
Commitments and contingencies (Note 6)
Stockholders' equity      
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 13,976,059, 13,477,803 shares and 7,982,704 shares at September 30, 2016, December 31, 2015 and 2014, respectively 139,761 134,778 79,827
Additional paid-in capital 38,374,431 37,965,230 34,192,066
Accumulated deficit (34,890,050) (32,946,422) (32,113,286)
Total stockholders' equity 3,624,142 5,153,586 2,158,607
Total liabilities and stockholders' equity $ 8,566,428 $ 6,869,845 $ 4,010,555