| Cash and cash equivalents of which $13,256,241 in 2011 and $8,245,818 in 2010 is interest bearing |
14.97M |
| Accounts receivable, net of allowances for doubtful accounts of $100,000 in 2011 and 2010 (including amounts from related parties: 2011 - $6,540,972; 2010 - $0) |
5.26M |
| Inventories |
4.84M |
| Prepaid expenses and other current assets |
1.35M |
| Total current assets |
26.41M |
| Property and equipment, net |
12.56M |
| Other assets |
| Total Assets |
49.01M |
| Accounts payable |
4.78M |
| Accrued expenses |
| Deferred revenue (amounts from related parties) |
5.81M |
| Total current liabilities |
15.25M |
| Deferred revenue |
0 |
| Redeemable warrants |
| Common stock warrant liability |
| TOTAL LIABILITIES |
17.69M |
| Commitments and Contingencies |
0 |
| Contingently redeemable series C preferred stock, 600 shares issued and outstanding (liquidation preference of $600,000) |
| Series B convertible preferred stock, 130 shares issued and outstanding (liquidation preference of $13,000) |
0 |
| Series E convertible preferred stock, 24,000 shares issued and outstanding (liquidation preference of $2,400,000) in 2011 and 59,000 shares issued and outstanding (liquidation preference of $5,900,000) in 2010 |
| Common stock $.01 par value; 150,000,000 authorized; 87,304,313 and 84,434,611 shares issued in 2011 and 2010, respectively |
123K |
| Capital in excess of par value |
290.25M |
| Less cost of 36,448 and 3,462,124 treasury shares in 2011 and 2010, respectively |
-8.6M |
| Accumulated deficit |
-246.97M |
| Accumulated other comprehensive income |
-4.03M |
| Shareholders' equity (deficiency) |
30.77M |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIENCY) |
49.01M |
