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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
 [1]
Current assets:    
Cash $ 7,765,707 $ 10,128,320
Accounts receivable, net 3,402,272 2,127,060
Inventories, net 2,106,329 2,322,904
Prepaid expenses and other current assets 937,534 666,267
Total current assets 14,211,842 15,244,551
Property and equipment, net 36,508 21,319
Total Assets 14,248,350 15,265,870
Current liabilities:    
Accounts payable and accrued expenses 1,710,504 1,805,931
Accrued preferred dividend 314,888 190,847
Deferred revenue and other current liabilities 536,536 25,057
Total current liabilities 2,561,928 2,021,835
Long-term liabilities:    
Line of credit note payable-related party 4,500,000 4,500,000
Total Liabilities 7,061,928 6,521,835
Stockholders' Equity:    
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 6,380 and 6,380 shares issued and outstanding at September 30, 2016 and December 31, 2015 6 6
Common stock, $0.001 par value; 75,000,000 shares authorized, 38,666,451 and 38,380,380 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 38,666 38,380
Additional paid-in capital 59,992,650 58,626,212
Accumulated deficit (52,844,900) (49,920,563)
Total Stockholders' Equity 7,186,422 8,744,035
Total Liabilities and Stockholders' Equity $ 14,248,350 $ 15,265,870
[1] Derived from Audited Financial Statements