Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash $ 10,388,618 $ 32,939,026
Accounts receivable 1,465,426 1,150,626
Inventory 1,120,218 2,232,436
Prepaid expenses and other 1,003,466 1,009,094
Total current assets 13,977,728 37,331,182
Property and equipment 4,120,998 3,609,059
Less accumulated depreciation and amortization 1,477,501 1,483,676
Property and equipment, net 2,643,497 2,125,383
Patents and trademarks 194,250 163,302
Less accumulated amortization 36,063 26,448
Patents and trademarks, net 158,187 136,854
Investment in R-NAV, LLC 464,529 0
Other assets 397,977 723,098
Total assets 17,641,918 40,316,517
Current liabilities:    
Accounts payable 2,376,939 2,422,349
Accrued liabilities and other 3,231,696 4,772,963
Notes payable, current, net of discounts of $826,440 and $743,062, respectively 2,725,107 4,095,650
Total current liabilities 8,333,742 11,290,962
Notes payable, net of discounts of $1,731,010 and $856,746, respectively 29,756,627 23,572,603
Derivative liabilities 7,697,130 7,692,087
Other liabilities 3,116,188 1,770,452
Total liabilities 48,903,687 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 September 30, 2014 and December 31, 2013, respectively 3 8
Common stock; $.001 par value; 200,000,000 shares authorized; 150,735,382 and 135,919,423 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively 150,735 135,919
Additional paid-in capital 314,706,478 313,111,788
Accumulated deficit (346,118,985) (317,257,302)
Total stockholders’ deficit (31,261,769) (4,009,587)
Total liabilities and stockholders’ deficit $ 17,641,918 $ 40,316,517