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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,156,530 $ 1,976,594
Accounts receivable, net 6,863,488 8,191,391
Inventories 5,034,201 4,584,844
Other 854,269 834,076
Total current assets 14,908,488 15,586,905
Property, plant, and equipment, net 2,488,202 2,554,822
Goodwill 18,749,888 18,749,888
Other intangible assets, net 11,255,151 11,846,009
Deferred tax assets and other 282,252 269,121
Total assets 47,683,981 49,006,745
Current liabilities:    
Accounts payable 2,224,481 2,209,473
Income taxes payable 21,750 20,866
Accrued liabilities:    
Compensation 2,108,830 3,281,809
Deferred revenue 359,107 307,936
Other 833,818 641,561
Total current liabilities 5,547,986 6,461,645
Convertible debt - related party, net 23,612,351 23,336,854
Interest payable 853,062 757,615
Accrued pension liability 720,780 663,071
Deferred rent 665,324 671,088
Other 190,393 157,453
Total liabilities 31,589,896 32,047,726
Shareholders' equity:    
Preferred stock, $0.01 par value 5,000,000 Shares authorized; none issued or outstanding 0 0
Common stock $.01 par value; 100,000,000 shares authorized, 25,953,317 and 26,057,327 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 259,535 260,574
Additional paid-in capital 76,571,081 76,485,650
Accumulated deficit (59,877,115) (58,910,707)
Accumulated other comprehensive loss (859,416) (876,498)
Total shareholders' equity 16,094,085 16,959,019
Total liabilities and shareholders' equity $ 47,683,981 $ 49,006,745