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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents of which $5,715,302 in 2012 and $5,215,349 in 2011 is interest bearing $ 10,185,582 $ 10,114,163
Short term investments 15,379,011 15,023,999
Accounts receivable, net of allowances for doubtful accounts of $100,000 in 2012 and 2011 (including amounts from related party: 2012 - $1,622,278; 2011 - $1,760,304), 4,866,249 4,695,410
Inventories 3,706,702 3,635,730
Prepaid expenses and other current assets 503,731 667,927
Total current assets 34,641,275 34,137,229
Property and equipment, net 2,019,996 1,481,071
Other assets 38,878 464,286
TOTAL ASSETS 36,700,149 36,082,586
LIABILITIES AND SHAREHOLDERS'S EQUITY:    
Accounts payable (including amounts due to related party; 2012 - $17,313; 2011 - $503,763) 2,183,304 3,526,171
Accrued expenses 2,431,629 3,016,596
Mandatorily Redeemable Preferred Stock, Fair Value Disclosure 550,000 600,000
Deferred revenue 0 93,750
Total current liabilities 5,164,933 7,236,517
Deferred revenue 36,760 46,416
Common stock warrant liability 2,769,277 8,168,846
TOTAL LIABILITIES 7,970,970 15,451,779
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) 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 278,695,861 278,060,138
Less cost of 36,448 treasury shares (125,381) (125,381)
Accumulated deficit (250,996,822) (258,282,753)
Accumulated other comprehensive income 279,856 104,902
Shareholders' equity 28,729,179 20,630,807
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 36,700,149 $ 36,082,586