General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets (Unaudited)

v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 781,725 $ 251,475
Account receivable net of allowance for doubtful accounts $156,212 and $118,356, respectively 1,826,322 1,397,414
Inventories 3,387,618 2,503,598
Prepaid expenses and other current assets 60,215 43,282
Total current assets 6,055,880 4,195,769
Property and equipment, net 3,186,605 3,262,133
Non-marketable investment 61,335 61,335
Deferred financing costs, net 48,199 35,363
Goodwill 1,353,574   
Assets Noncurrent 4,649,713 3,358,831
Total Assets 10,705,593 7,554,600
Current liabilities:    
Note payable - bank    2,457,495
Account payable 2,725,375 970,913
Accrued expenses and other current liabilities 837,627 127,497
Notes payable - shareholder 1,099,715 1,102,926
Convertible notes payable 2,750,000   
Deferred income tax 98,750 98,750
Current portion of long term debt 284,576 277,299
Total current liabilities 7,796,043 5,034,880
Long Term Debt 3,087,262 3,090,385
Shareholders' deficiency    
Common stock, $.001 par value, 100,000,000 shares authorized, 67,543,310 and 37,698,396 shares issued and outstanding at September 30, 2011, and December 31, 2010, respectively 67,543 37,698
Additional paid-in capital 4,127,652 153,232
Accumulated deficit (4,372,907) (761,595)
Total shareholders' deficiency (177,712) (570,665)
Total liabilities and shareholders' deficiency $ 10,705,593 $ 7,554,600