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CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and Cash Equivalents $ 948,324 $ 5,916,068
Accounts Receivable, net 1,521,378 1,414,576
Inventories (Note 3) 4,047,310 1,395,175
Deposits on Merchandise (Note 11) 147,010 442,358
Prepaid Expenses 104,448 76,730
Other Assets 0 36,613
Total Current Assets 6,768,469 9,281,519
Property & Equipment - net (Note 4) 611,807 250,264
Other Assets:    
Intangible Assets - net (Note 5) 1,918,040 2,287,548
Security Deposits 4,700 4,700
Total Other Assets 1,922,740 2,292,248
Total Assets 9,303,016 11,824,031
Current Liabilities:    
Accounts Payable 735,879 1,021,883
Accrued Expenses and Other Current Liabilities (Note 13) 278,413 118,815
Customer Deposits 30,120 35,111
Deferred Rent 8,541 14,745
Advances on Grant (Note 11) 0 210,503
Total Current Liabilities 1,052,954 1,401,057
Total Liabilities 1,052,954 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 December 31, 2016 and 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 December 31, 2016 and 2015 0 0
Common stock; par value $0.01, 200,000,000 shares authorized; 120,825,134 and 120,063,180 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively. 1,208,251 1,200,632
Additional Paid-in Capital 41,367,946 40,391,216
Accumulated Deficit (34,331,234) (31,173,973)
Total Stockholders' Equity 8,250,063 10,422,974
Total Liabilities and Stockholders' Equity $ 9,303,016 $ 11,824,031