v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash $ 3,533,491 $ 3,727,228
Short-term investments 3,065,745 3,168,445
Accounts receivable 1,110,023 482,846
Inventory 1,182,925 807,730
Deferred tax asset 608,454 622,052
Inventory finance notes receivable 2,791,375 1,675,856
Prepaid expenses and other current assets 139,673 94,744
Total Current Assets 12,431,686 10,578,901
Fixed Assets:    
Property, plant and equipment, net 2,391,497 2,463,151
Other Assets:    
Inventory finance notes receivable - net 3,373,090 2,912,467
Deferred tax asset 1,913,075 2,034,931
Other assets 17,530 256,410
Total Other Assets: 5,303,695 5,203,808
Total Assets 20,126,878 18,245,860
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current maturities on long term debt 1,582,788 1,624,088
Notes payable 4,200,000 2,725,000
Accounts payable 375,310 163,578
Accrued expenses 1,559,910 1,290,562
Accrued warranties 1,245,000 1,290,000
Warrant liability 73,710 418,682
Income tax payable 107,543 131,453
Total Current Liabilities 9,144,261 7,643,363
Long Term Liabilities:    
Deferred tax liability 68,913 88,028
Total Long Term Liabilities 68,913 88,028
Total Liabilities 9,213,174 7,731,391
Stockholders' Equity:    
Common stock, $0.001 par value, 100,000,000 shares authorized, 17,499,517 and 17,499,517 shares issued and 17,183,098 and 17,271,997 outstanding, respectively. 17,501 17,501
Additional paid-in capital 35,783,780 35,783,780
Treasury Stock, at cost; 316,419 and 227,520 shares, respectively (163,036) (100,024)
Accumulated deficit (24,949,760) (25,412,007)
Total Stockholders Equity 10,913,704 10,514,469
Total Liabilities and Stockholders Equity 20,126,878 18,245,860
Series A Preferred Stock [Member]
    
Stockholders' Equity:    
Preferred stock, value 214,995 214,995
Series C Preferred Stock [Member]
    
Stockholders' Equity:    
Preferred stock, value 224 224
Series E Preferred Stock [Member]
    
Stockholders' Equity:    
Preferred stock, value $ 10,000 $ 10,000