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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,867,080 $ 1,976,594
Accounts receivable, net 6,481,899 8,191,391
Inventories 5,680,959 4,584,844
Other 774,054 834,076
Total current assets 15,803,992 15,586,905
Property, plant, and equipment, net 2,305,452 2,554,822
Goodwill 18,749,888 18,749,888
Other intangible assets, net 10,664,294 11,846,009
Deferred tax assets and other 289,109 269,121
Total assets 47,812,735 49,006,745
Current liabilities:    
Accounts payable 2,312,809 2,209,473
Income taxes payable 33,554 20,866
Accrued liabilities:    
Compensation 4,338,519 3,281,809
Deferred revenue 517,045 307,936
Other 763,654 641,561
Total current liabilities 7,965,581 6,461,645
Convertible debt - related party, net 23,891,101 23,336,854
Interest payable 935,974 757,615
Accrued pension liability 734,541 663,071
Deferred rent 656,733 671,088
Other 154,010 157,453
Total liabilities 34,337,940 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, 26,044,299 and 26,057,327 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 260,445 260,574
Additional paid-in capital 76,653,435 76,485,650
Accumulated deficit (62,541,882) (58,910,707)
Accumulated other comprehensive loss (897,203) (876,498)
Total shareholders' equity 13,474,795 16,959,019
Total liabilities and shareholders' equity $ 47,812,735 $ 49,006,745