XML 29 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash$ 1,070,510$ 4,086,574
Accounts receivable, net of allowance of $66,000 ($66,000- 2010)1,805,7352,227,877
Inventory1,043,780601,359
Prepaid expenses and other current assets98,102231,190
Total current assets4,018,1277,147,000
Property, plant and equipment, net4,147,3272,543,494
Other assets244,356325,953
Goodwill3,322,7993,084,121
Other intangible assets, net2,076,5081,847,859
Total assets13,809,11714,948,427
Current liabilities:  
Accounts payable1,595,9521,828,138
Accrued expenses and other current liabilities1,181,7671,312,363
Revolving lines of credit842,109614,833
Short-term loan from related party150,000 
Current portion of long-term debt447,645300,000
Current portion of capital lease obligations97,68388,776
Total current liabilities4,315,1564,144,110
Revolving note from related party 583,000
Long-term debt3,035,4141,578,242
Capital lease obligations16,69898,532
Deferred tax liability103,99089,779
Derivative liabilities 3,866,836
Commitments and contingencies (see Note 7)  
Stockholders' equity  
Common stock, $.02 par value; 200,000,000 shares authorized, 19,503,132 shares issued and outstanding (19,391,319 in 2010)390,062387,825
Additional paid-in capital48,189,93644,178,569
Accumulated other comprehensive loss(22,156)(25,834)
Accumulated deficit(42,219,983)(39,952,632)
Total stockholders' equity6,337,8594,587,928
Total liabilities and stockholders' equity$ 13,809,117$ 14,948,427