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Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 21,402,603 $ 41,616,657
Short-term investments 16,472,000 3,730,000
Accounts receivable, net 7,425,109 7,085,713
Inventories 14,051,601 13,670,588
Prepaid expenses and other current assets 3,068,825 3,209,031
Total current assets 62,420,138 69,311,989
Long-term investments 1,494,000 498,000
Equipment and improvements, net 2,986,501 3,304,852
Identifiable intangible assets, net 15,781,556 17,128,883
Goodwill 13,457,693 13,457,693
Other assets 138,858 141,213
Total Assets 96,278,746 103,842,630
Current Liabilities    
Accounts payable 4,817,561 3,993,687
Accrued expenses and other current liabilities 4,058,851 4,132,934
Total current liabilities 8,876,412 8,126,621
Long-term liabilities 274,661 268,517
Deferred tax liability 1,744,792 1,736,299
Total Liabilities 10,895,865 10,131,437
Stockholders' Equity    
Convertible preferred stock, $.01 par value; 1,468,750 shares authorized;issued and outstanding 73,332 at June 30, 2013 and December 31, 2012 (liquidation preference of $3,222,368 at June 30, 2013) 733 733
Common stock, $.01 par value; shares authorized 35,000,000; issued and outstanding 17,241,248 at June 30, 2013 and 16,524,723 at December 31, 2012 172,412 165,247
Additional paid-in capital 137,636,158 132,163,083
Accumulated other comprehensive income - cumulative translation adjustments 1,369,788 1,588,888
Accumulated deficit (53,796,210) (40,206,758)
Total Stockholders' Equity 85,382,881 93,711,193
Total Liabilities and Stockholders' Equity $ 96,278,746 $ 103,842,630