Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash $ 9,845,773 $ 9,118,564
Accounts receivable 17,500 17,605
Inventory 867,267 297,500
Prepaid expenses and other 1,302,982 1,183,714
Total current assets 12,033,522 10,617,383
Property and equipment 2,380,230 2,026,895
Less accumulated depreciation and amortization 1,165,589 1,092,317
Property and equipment, net 1,214,641 934,578
Patents and trademarks 116,604 115,053
Less accumulated amortization 23,373 22,571
Patents and trademarks, net 93,231 92,482
Deferred debt issuance costs and other 263,670 327,954
Total assets 13,605,064 11,972,397
Current liabilities:    
Accounts payable 1,865,335 1,417,463
Accrued liabilities and other 1,193,007 2,016,358
Notes payable, current, net of discounts of $178,759 and $202,287, respectively 2,769,080 2,756,718
Total current liabilities 5,827,422 6,190,539
Notes payable, net of discounts of $58,293 and $93,038, respectively 10,240,613 6,930,112
Other liabilities 256,422 257,122
Total liabilities 16,324,457 13,377,773
Commitments and contingencies      
Stockholders' deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 6,938 Series B shares issued and outstanding at March 31, 2013 and December 31, 2012 7 7
Common stock; $.001 par value; 200,000,000 shares authorized; 117,490,109 and 113,018,772 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively 117,490 113,019
Additional paid-in capital 279,061,973 273,039,442
Accumulated deficit (281,898,863) (274,557,844)
Total stockholders' deficit (2,719,393) (1,405,376)
Total liabilities and stockholders' deficit $ 13,605,064 $ 11,972,397