Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash $ 17,471,780 $ 32,939,026
Accounts receivable 487,149 1,150,626
Inventory 1,905,763 2,232,436
Prepaid expenses and other 700,561 1,009,094
Total current assets 20,565,253 37,331,182
Property and equipment 4,117,744 3,609,059
Less accumulated depreciation and amortization 1,354,816 1,483,676
Property and equipment, net 2,762,928 2,125,383
Patents and trademarks 159,848 163,302
Less accumulated amortization 33,402 26,448
Patents and trademarks, net 126,446 136,854
Deferred debt issuance costs and other 133,698 723,098
Total assets 23,588,325 40,316,517
Current liabilities:    
Accounts payable 1,674,071 2,422,349
Accrued liabilities and other 3,695,795 4,772,963
Notes payable, current, net of discounts of $809,560 and $743,062, respectively 782,512 4,095,650
Total current liabilities 6,152,378 11,290,962
Notes payable, net of discounts of $1,939,637 and $856,746, respectively 30,438,739 23,572,603
Derivative liabilities 7,689,550 7,692,087
Other liabilities 3,142,933 1,770,452
Total liabilities 47,423,600 44,326,104
Commitments and contingencies      
Stockholders’ deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 3,143 and 7,565 Series B shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 3 8
Common stock; $.001 par value; 200,000,000 shares authorized; 150,635,893 and 135,919,423 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 150,636 135,919
Additional paid-in capital 315,234,175 313,111,788
Accumulated deficit (339,220,089) (317,257,302)
Total stockholders’ deficit (23,835,275) (4,009,587)
Total liabilities and stockholders’ deficit $ 23,588,325 $ 40,316,517