CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
|
Jun. 30, 2017 |
Dec. 31, 2016 |
| CURRENT ASSETS |
|
|
| Cash |
$ 1,430,372
|
$ 1,293,041
|
| Accounts receivable, net |
3,676,624
|
2,792,649
|
| Security deposits |
24,956
|
24,956
|
| Inventory |
2,564,682
|
3,756,716
|
| Note receivable, current portion |
2,782
|
2,782
|
| Prepaid income tax |
120,000
|
120,000
|
| Prepaid expenses and other current assets |
121,674
|
136,014
|
| Total current assets |
7,941,090
|
8,126,157
|
| PROPERTY AND EQUIPMENT, net |
148,805
|
171,004
|
| Note receivable, net of current portion |
48,195
|
52,696
|
| Deferred Taxes |
689,000
|
689,000
|
| Intangibles assets, net |
6,297,943
|
6,507,505
|
| TOTAL ASSETS |
15,125,033
|
15,546,362
|
| CURRENT LIABILITIES: |
|
|
| Accounts payable |
2,148,313
|
1,596,748
|
| Accrued expenses and other liabilities |
669,063
|
539,765
|
| Line of credit |
1,950,000
|
1,950,000
|
| Term loan agreement, current portion |
554,706
|
544,825
|
| Notes payable |
7,004
|
12,700
|
| Total current liabilities |
5,329,086
|
4,644,038
|
| LONG-TERM DEBT, net of current portion |
89,113
|
369,177
|
| TOTAL LIABILITIES |
5,418,199
|
5,013,215
|
| CONTINGENCIES AND COMMITMENTS |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Common stock, $.01 par value, 150,000,000 shares authorized; 10,504,472 and 10,483,389 issued and outstanding as of June 30, 2017 and December 31, 2016, respectively |
105,045
|
104,495
|
| Subscribed common stock |
|
339
|
| Treasury stock |
|
(44,416)
|
| Additional paid-in capital |
30,932,797
|
30,919,289
|
| Accumulated deficit |
(21,331,008)
|
(20,446,559)
|
| Total stockholders' equity |
9,706,834
|
10,533,148
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
15,125,033
|
15,546,363
|
| Preferred Class A [Member] |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Preferred stock |
0
|
0
|
| Preferred Class B [Member] |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Preferred stock |
0
|
0
|
| Preferred Class C [Member] |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Preferred stock |
$ 0
|
$ 0
|