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Consolidated Balance Sheet (USD $)
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 926,447 $ 4,896,141
Accounts receivable 559,336 389,894
Inventories - net 926,236 729,875
Prepaid expenses and other current assets 49,155 82,832
Total current assets 2,461,174 6,098,742
PROPERTY AND EQUIPMENT – Net 107,409 115,337
DEFERRED FINANCING COSTS – Net 6,128 62,046
OTHER ASSETS 15,991 13,824
TOTAL ASSETS 2,590,702 6,289,949
CURRENT LIABILITIES:    
Current portion of long-term debt– net 379,311 3,291,166
Current portion of long-term debt- related parties, net   40,458
Accounts payable 955,514 1,393,763
Accrued expenses and other current liabilities 1,515,334 1,179,056
Current portion of deferred revenue 244,081 8,433
Total current liabilities 3,094,240 5,912,876
LONG-TERM DEBT   353,206
WARRANT LIABILITY 61,808 687,580
NOTES PAYABLE – RELATED PARTIES - net 6,698,386  
OTHER LONG-TERM LIABILITIES 443,623 1,507
TOTAL LIABILITIES 10,298,057 6,955,169
STOCKHOLDERS’ DEFICIT:    
Common Stock — par value $.01 per share; 60,000,000 authorized; 8,507,374 and 7,840,477 issued and outstanding on December 31, 2012 and 2011, respectively 85,074 78,405
Additional paid-in capital 38,679,627 35,907,806
Accumulated deficit (46,472,056) (36,651,431)
TOTAL STOCKHOLDERS’ DEFICIT (7,707,355) (665,220)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 2,590,702 $ 6,289,949