XML 21 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and Cash Equivalents $ 4,623,543 $ 5,916,068
Accounts Receivable - net 1,617,462 1,414,576
Inventories (Note 3) 3,156,521 1,395,175
Deposits on Merchandise (Note 11) 237,345 442,358
Prepaid Expenses 114,292 76,730
Other Assets 36,613 36,613
Total Current Assets 9,785,777 9,281,519
Property and Equipment - net (Note 4) 506,523 250,264
Other Assets:    
Intangible Assets - net (Note 5) 2,195,171 2,287,548
Security Deposits 4,700 4,700
Total Other Assets 2,199,871 2,292,248
Total Assets 12,492,171 11,824,031
Current Liabilities:    
Accounts Payable and Accrued Expenses 2,232,152 $ 1,087,978
Accrued Officers Compensation (Note 9) 36,542
Common Stock and Warrants to be Issued (Note 12) 178,737 $ 52,721
Customer Deposits 33,473 35,111
Deferred Rent 13,194 14,745
Advances on Grant (Note 11) 186,720 210,503
Total Current Liabilities 2,680,819 1,401,057
Total Liabilities $ 2,680,819 $ 1,401,057
Commitments and Contingencies
Stockholders' Equity:    
Cumulative Convertible Series A Preferred Stock; par value $0.01, 1,000,000 shares authorized; 510,000 shares issued and outstanding at March 31, 2016 and December 31, 2015 $ 5,100 $ 5,100
Cumulative Convertible Series B Preferred Stock; $1,000 stated value; 7.5% Cumulative dividend; 4,000 shares authorized; none issued and outstanding at March 31, 2016 and December 31, 2015
Common stock; par value $0.01, 200,000,000 shares authorized; 120,338,596 and 120,063,180 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively. $ 1,203,386 $ 1,200,632
Additional Paid-in Capital 40,815,284 40,391,216
Accumulated Deficit (32,212,418) (31,173,973)
Total Stockholders' Equity 9,811,352 10,422,974
Total Liabilities and Stockholders' Equity $ 12,492,171 $ 11,824,031