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Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 27,981,224 $ 404,216
Accounts receivable, net 5,795,587 5,441,511
Inventories 11,515,818 12,498,519
Prepaid expenses and other current assets 1,509,086 609,164
Total current assets 46,801,715 18,953,410
Equipment and improvements, net 3,859,796 3,608,242
Identifiable intangible assets, net 6,124,626 6,971,626
Goodwill 7,119,726 7,119,726
Other assets 266,741 316,859
Total Assets 64,172,604 36,969,863
Current Liabilities    
Line of credit borrowings 3,340,176 3,075,555
Current maturities of long-term debt   5,851
Accounts payable 4,306,405 3,777,454
Accrued expenses and other current liabilities 1,910,294 2,150,621
Total current liabilities 9,556,875 9,009,481
Long-term liabilities 305,915 211,581
Deferred tax liability 1,105,135 1,068,088
Total Liabilities 10,967,925 10,289,150
Shareholders' Equity    
Convertible preferred stock, $.01 par value; 1,468,750 shares authorized; issued and outstanding: 284,635 at June 30, 2011 and 284,844 at December 31, 2010 (liquidation preference of $4,191,394 at June 30, 2011) 2,846 2,848
Common stock, $.01 par value; 18,750,000 shares authorized; issued and outstanding: 10,302,421 at June 30, 2011 and 6,563,076 at December 31, 2010 103,024 65,631
Additional paid-in capital 76,228,805 48,803,210
Accumulated other comprehensive income - cumulative translation adjustments 1,764,278 1,604,940
Accumulated deficit (24,894,274) (23,795,916)
Total Shareholders' Equity 53,204,679 26,680,713
Total Liabilities and Shareholders' Equity $ 64,172,604 $ 36,969,863