CONSOLIDATED BALANCE SHEETS € in Thousands, $ in Thousands	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Current Assets:
Cash	$ 587	$ 230
Accounts receivable, net of allowance for doubtful accounts of $83 and $200	1,798	1,991
Inventories	3,075	3,415
Prepaid expenses and other current assets	186	154
Total current assets	5,646	5,790
Property and equipment, net	1,941	2,091
In-process Research and Development	4,620	4,620
Trademarks, trade names	1,240	1,240
Goodwill	4,658	4,658
Other Assets	273	245
Total assets	18,378	18,644
Current Liabilities:
Secured lines of credit and current portion of long-term debt	2,857	2,555
Notes due to employees, current portion	202
Account payable and accrued expenses	3,032	4,134
Advance - Related Parties	70	110
Total current liabilities	6,161	6,799
Long term debt, net of current portion	121	1,209
Notes due to employees, net of current portion	725	0
Deferred tax liability – long-term	2,205	2,205
Total Liabilities	9,212	$ 10,213
Commitments and Contingencies
Stockholders' Equity :
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 198,355 and 373,355 shares issued and outstanding as of December 31, 2015 and 2014, respectively (liquidation value of all classes of preferred stock $2,442 and $2,871 as of December 31, 2015 and 2014, respectively)	962	$ 1,487
Common stock, $0.001 par value; 35 million shares authorized, 21,055,990 and 19,427,331 issued and outstanding as of December 31, 2015 and 2014, respectively	21	19
Additional paid-in capital	8,340	5,763
Treasury Stock	(327)	(327)
Accumulated other comprehensive income (loss)	(609)	(149)
Retained Earnings	779	1,638
Total stockholders' equity	9,166	8,431
Total liabilities and stockholders' equity	$ 18,378	$ 18,644