XML 33 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Balance Sheets (USD $)
9 Months Ended12 Months Ended
Sep. 30, 2011
Dec. 31, 2010
Current Assets:  
Cash and cash equivalents$ 370,669$ 627,082
Accounts receivable, net of allowance for doubtful accounts of $202,160 in 2011 and 20101,043,141796,221
Inventories, net733,911986,947
Advances to contract manufacturer728,508730,491
Prepaid expenses and other current assets236,350247,465
Total current assets3,112,5793,388,206
Accounts receivable-long term, net of allowance for doubtful accounts of $354,840 as of September 30, 2011 and $438,840 as of December 31, 2010257,160361,160
Advances to contract manufacturer, non current2,606,5121,713,794
Investment in distributor, at cost76,31976,319
Investment in Joint Venture185,5510
Furniture, Fixtures & Equipment net of accumulated depreciation of $440,655 as of September 30, 2011 and $426,482 as of December 31, 201056,93666,936
Patents, net of accumulated amortization of $325,400 as of September 30, 2011 and $294,934 as of December 31, 2010713,048944,858
Other assets38,31757,750
Total assets7,046,4226,609,023
Current Liabilities:  
Accounts payable - short term2,704,4362,883,587
Accrued expenses and other payable883,907511,304
Total current liabilities3,588,3433,394,891
Long-term Liabilities:  
Accounts payable - long term877,298440,376
Notes Payable-net of discount of $4,597 and $8,361 respectively445,403441,639
Total long-term liabilities1,322,701882,015
Commitments and Contingencies  
Stockholders' Equity  
Common stock, par value $.001; authorized 50,000,000 shares; 15,294,954 shares issued 1,462,913 shares to be issued and 15,261,621 shares outstanding as of September 30, 2011; 14,915,959 shares issued, 637,013 shares to be issued, and 14,882,626 shares outstanding as of December 31, 201016,75715,552
Additional paid-in capital63,485,14862,606,043
Accumulated deficit(60,455,011)(59,377,962)
Treasury stock, at cost, 33,333 shares(911,516)(911,516)
Total stockholders' equity2,135,3782,332,117
Total liabilities and stockholders' equity$ 7,046,422$ 6,609,023