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Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 38,453,049 $ 41,616,657
Short-term investments 3,720,000 3,730,000
Accounts receivable, net 6,933,383 7,085,713
Inventories 13,252,222 13,670,588
Prepaid expenses and other current assets 3,118,539 3,209,031
Total current assets 65,477,193 69,311,989
Long-term investments 1,494,000 498,000
Equipment and improvements, net 3,147,091 3,304,852
Identifiable intangible assets, net 16,486,847 17,128,883
Goodwill 13,457,693 13,457,693
Other assets 140,154 141,213
Total Assets 100,202,978 103,842,630
Current Liabilities    
Accounts payable 4,596,319 3,993,687
Accrued expenses and other current liabilities 3,196,972 4,132,934
Total current liabilities 7,793,291 8,126,621
Long-term liabilities 293,113 268,517
Deferred tax liability 1,678,093 1,736,299
Total Liabilities 9,764,497 10,131,437
Stockholders' Equity    
Convertible preferred stock, $.01 par value; 1,468,750 shares authorized;issued and outstanding 73,332 at March 31, 2013 and December 31, 2012 (liquidation preference of $3,222,368 at March 31, 2013) 733 733
Common stock, $.01 par value; shares authorized 25,000,000; issued and outstanding 16,765,347 at March 31, 2013 and 16,524,723 at December 31, 2012 167,653 165,247
Additional paid-in capital 135,182,428 132,163,083
Accumulated other comprehensive income - cumulative translation adjustments 1,539,203 1,588,888
Accumulated deficit (46,451,536) (40,206,758)
Total Stockholders' Equity 90,438,481 93,711,193
Total Liabilities and Stockholders' Equity $ 100,202,978 $ 103,842,630