Balance Sheet

v3.6.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 138,363 $ 116,783
Accounts receivable, net of $28,169 reserve at December 31, 2016 and $0 at December 31, 2015 281,320 113,256
Inventories, net of $20,000 reserve at December 31, 2016 and $50,000 at December 31, 2015 905,284 1,038,371
Prepaid income taxes 7,405 7,381
Prepaid expenses and other current assets 258,103 213,926
Total current assets 1,590,475 1,489,717
Investment in available-for-sale equity securities 25,865 294,522
Property and equipment, net 9,413 20,149
TOTAL ASSETS 1,625,753 1,804,388
CURRENT LIABILITIES    
Accounts payable 407,249 941,389
Accrued employee compensation 249,596 176,009
Accrued professional fees and other 956,884 821,088
Deferred revenue 159,654 140,878
Revolving note payable, net of unamortized debt discounts of $637,030 and $0, respectively 612,970
Convertible debt, net of unamortized discounts of $2,235,839 and $0, respectively 4,005,702 100,000
Other debt, net of unamortized discounts of $380 and $3,041, respectively 238,157 151,628
Warrant derivative liabilities 1,685,108 3,295,976
Conversion option derivative liabilities 951,059 3,940,791
Total current liabilities 9,266,379 9,567,759
LONG TERM LIABILITIES    
Related party convertible debt, net of unamortized debt discounts of $165,611 and $0, respectively 125,523
Convertible debt, net of unamortized discounts of $740,628 and $5,223,658, respectively 529,742 177,342
Deferred revenue 87,527 36,935
TOTAL LIABILITIES 10,009,171 9,782,036
STOCKHOLDERS' DEFICIT    
Common stock, $.01 par value; 100,000,000 shares authorized; 30,999,839 and 23,004,898 shares issued and outstanding on December 31, 2016 and 2015, respectively 309,998 230,050
Warrants to acquire common stock 6,325,102 5,416,681
Additional paid-in capital 27,244,600 26,036,733
Accumulated other comprehensive loss (105,025)
Accumulated deficit (42,264,190) (39,557,206)
Total stockholders' deficit (8,383,418) (7,977,648)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 1,625,753 1,804,388
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 3 3
Series G Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 866 866
Series H Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 100 100
Series H2 Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value
Series J Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 35 36
Series K Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value $ 68 $ 114

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