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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 11,747,138 $ 10,128,320
Accounts receivable, net 2,787,732 2,127,060
Inventories, net 2,211,370 2,322,904
Prepaid expenses and other current assets 937,349 666,267
Total current assets 17,683,589 15,244,551
Property and equipment, net 33,533 21,319
Total Assets 17,717,122 15,265,870
Current liabilities:    
Accounts payable and accrued expenses 1,754,207 1,805,931
Accrued preferred dividend 353,666 190,847
Deferred revenue and other current liabilities 214,612 25,057
Total current liabilities 2,322,485 2,021,835
Long-term liabilities:    
Line of credit note payable-related party 4,500,000 4,500,000
Total Liabilities 6,822,485 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 December 31, 2016 and December 31, 2015, respectively 6 6
Common stock, $0.001 par value; 75,000,000 shares authorized, 39,999,784 and 38,380,380 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively 40,000 38,380
Additional paid-in capital 64,208,963 58,626,212
Accumulated deficit (53,354,332) (49,920,563)
Total Stockholders' Equity 10,894,637 8,744,035
Total Liabilities and Stockholders' Equity $ 17,717,122 $ 15,265,870