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v3.3.0.814

Condensed Consolidated Balance Sheets - USD ($) | Sep. 30, 2015 | Dec. 31, 2014
--- | --- | ---
Current assets: |  |
Cash and cash equivalents | $ 29,935,467 | $ 8,215,791
Accounts receivable, net of allowance for doubtful accounts of approximately $166,000 and $94,000, respectively | 4,642,802 | 2,872,308
Inventory | 3,701,755 | 3,213,620
Prepaid expenses and other | 290,231 | 109,369
Total current assets | 38,570,255 | 14,411,088
Property and equipment, net | 830,083 | 619,028
Intangible assets | 635,349 | 577,174
Deferred financing costs | 877,265 | 793,499
Total Assets | 40,912,952 | 16,400,789
Current liabilities: |  |
Accounts payable and accrued expenses | 4,086,307 | 2,431,194
Current Deferred Revenue | 14,118 | 14,118
Total current liabilities | 4,100,425 | 2,445,312
Note Payable - Revenue Interest Purchase Agreement | 25,537,367 | 25,085,777
Long Term Deferred Revenue | 99,193 | 115,380
Total liabilities | 29,736,985 | 27,646,469
Shareholders' equity (deficit): |  |
Common stock, $.01 par value; 50,000,000 shares authorized; 29,844,503 and 19,488,814 shares issued and outstanding | 298,445 | 194,888
Additional paid-in capital | 110,738,708 | 78,675,686
Accumulated deficit | (99,861,186) | (90,116,254)
Total shareholders' equity (deficit) | 11,175,967 | (11,245,680)
Total Liabilities and Shareholders' equity | $ 40,912,952 | $ 16,400,789

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