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, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 82,621 $ 416,333
Account receivable net of allowance for doubtful accounts $163,339 and $449,524, respectively 919,503 523,039
Inventories 2,151,779 1,819,751
Prepaid expenses and other current assets 489,663 145,313
Total current assets 3,643,566 2,904,436
Property and equipment, net 3,344,426 3,342,447
Deferred financing costs, net 39,900 25,319
Goodwill 1,026,984 1,026,984
Intangibles, net 205,033 247,450
Total non-current assets 4,616,343 4,642,200
Total Assets 8,259,909 7,546,636
Current liabilities:    
Accounts payable 1,019,189 1,616,673
Accrued expenses and other current liabilities 991,596 1,181,852
Accrued interest 191,728 83,548
Notes payable - shareholder 1,099,715 1,099,715
Convertible note payable 1,227,743 2,050,000
Deferred income tax 102,022 102,022
Derivative instruments 595,104 883,619
Current portion of long term debt 194,247 260,741
Total current liabilities 5,421,344 7,278,170
Long Term Debt 2,913,492 3,037,591
Shareholders' deficiency    
Common stock, $.001 par value, 100,000,000 shares authorized, 63,142,969 and 55,181,165 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively 63,143 55,181
Additional paid-in capital 10,484,611 3,339,171
Accumulated deficit (10,622,681) (6,163,477)
Total shareholders' deficiency (74,927) (2,769,125)
Total liabilities and shareholders' deficiency $ 8,259,909 $ 7,546,636