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CONSOLIDATED BALANCE SHEETS - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014
--- | --- | --- | ---
Current assets |  |  |
Cash and cash equivalents | $ 175,308 | $ 1,846,704 | $ 137,637
Accounts receivable, net of allowances of $460,155, $483,349 and $381,234 at September 30 2016, December 31, 2015 and 2014, respectively | 2,871,603 | 1,079,145 | 1,811,006
Inventories, net | 4,229,070 | 2,784,610 | 1,724,507
Prepaid expenses and other current assets | 574,450 | 381,205 | 270,263
Total current assets | 7,850,431 | 6,091,664 | 3,943,413
Equipment, net | 173,804 | 205,132 | 67,142
Other assets | 542,193 | 573,049 | 0
Total assets | 8,566,428 | 6,869,845 | 4,010,555
Current liabilities |  |  |
Bank credit line | 2,141,799 | 0 | 840,585
Accounts payable | 1,851,778 | 1,423,503 | 726,627
Accrued expenses | 948,709 | 292,756 | 284,736
Total current liabilities | 4,942,286 | 1,716,259 | 1,851,948
Total liabilities | 4,942,286 | 1,716,259 | 1,851,948
Commitments and contingencies (Note 6) |  |  |
Stockholders' equity |  |  |
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 13,976,059, 13,477,803 shares and 7,982,704 shares at September 30, 2016, December 31, 2015 and 2014, respectively | 139,761 | 134,778 | 79,827
Additional paid-in capital | 38,374,431 | 37,965,230 | 34,192,066
Accumulated deficit | (34,890,050) | (32,946,422) | (32,113,286)
Total stockholders' equity | 3,624,142 | 5,153,586 | 2,158,607
Total liabilities and stockholders' equity | $ 8,566,428 | $ 6,869,845 | $ 4,010,555

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