Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details 1)

v2.4.0.6
Income Taxes (Details 1) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Deferred tax assets:    
Net operating loss carryforward $ 18,570,820 $ 13,681,361
Bad debt reserve 48,725 58,765
Inventory reserve 95,229 24,540
Sales return allowance 69,848 74,478
Accrued vacation 20,338 32,232
Deferrals of compensation to Directors & Officers 9,596 9,596
Deferred grant revenue 8,729 13,194
Uniform capitalization (UNICAP) 6,481 6,418
Non-qualified stock compensation 457,058 414,630
Restricted stock 42,590  
Accrued Interest (134,222)  
Total deferred tax assets 19,195,192 14,315,214
Less valuation allowance (19,195,192) (14,315,214)
Total net deferred taxes