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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents of which $1,713,371 in 2012 and $5,215,349 in 2011 is interest bearing $ 7,716,818 $ 10,114,163
Short term investments 15,241,961 15,023,999
Accounts receivable, net of allowances for doubtful accounts of $100,000 in 2012 and 2011 (including amounts from related party: 2012 - $1,862,967; 2011 - $1,760,304), 4,483,910 4,695,410
Inventories 4,438,658 3,635,730
Prepaid expenses and other current assets 990,016 667,927
Total current assets 32,871,363 34,137,229
Property and equipment, net 2,205,822 1,481,071
Other assets 38,875 464,286
TOTAL ASSETS 35,116,060 36,082,586
LIABILITIES AND SHAREHOLDERS'S EQUITY:    
Accounts payable (including amounts due to related party; 2012 - $43,504; 2011 - $503,763) 2,182,460 3,526,171
Accrued expenses 2,465,245 3,016,596
Deferred revenue 31,250 93,750
Total current liabilities 4,678,955 6,636,517
Deferred revenue 39,889 46,416
Common stock warrant liability 1,703,779 8,168,846
TOTAL LIABILITIES 6,422,623 14,851,779
COMMITMENTS AND CONTINGENCIES      
Contingently redeemable series C preferred stock, 600 shares issued and outstanding (liquidation preference of $600,000) 600,000 600,000
Preferred stock, $.01 par value;1,000,000 shares authorized    
Series B convertible preferred stock, 130 shares issued and outstanding (liquidation preference of $13,000) 1 1
Series E convertible preferred stock, 22,740 shares issued and outstanding (liquidation preference of $2,274,000) in 2012 and 2011 227 227
Common stock $.01 par value; 150,000,000 authorized; 87,543,781 and 87,367,313 shares issued in 2012 and 2011, respectively 875,437 873,673
Capital in excess of par value 278,531,355 278,060,138
Less cost of 36,448 treasury shares (125,381) (125,381)
Accumulated deficit (251,385,550) (258,282,753)
Accumulated other comprehensive income 197,348 104,902
Shareholders' equity 28,093,437 20,630,807
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 35,116,060 $ 36,082,586