Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 21,904,068 $ 28,644,004
Accounts receivable, net 25,818 15,794
Inventory 918,500 821,549
Prepaid expenses and other 662,534 565,174
Total current assets 23,510,920 30,046,521
Property and equipment 1,539,572 1,441,229
Less accumulated depreciation and amortization 968,795 977,960
Property, Plant and Equipment, Net, Total 570,777 463,269
Patents and trademarks 106,592 106,592
Less accumulated amortization 21,171 21,171
Finite-Lived Intangible Assets, Net, Total 85,421 85,421
Other assets 561,783 598,709
Total assets 24,728,901 31,193,920
Current liabilities:    
Accounts payable 791,989 681,754
Accrued liabilities and other 1,710,901 2,097,786
Note payable to investor, net of discount of $252,646, current 1,661,681  
Derivative liabilities, current 753,014 568,930
Total current liabilities 4,917,585 3,348,470
Note payable to investor, net of discounts of $237,052 and $543,612, respectively 4,848,621 6,456,388
Other liabilities 253,842 257,315
Total liabilities 10,020,048 10,062,173
Commitments and contingencies      
Stockholders' equity:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 9,083 Series B shares and 1,000 Series C shares issued and outstanding at March 31, 2012 and December 31, 2011 10 10
Common stock; $.001 par value; 200,000,000 shares authorized; 96,172,330 and 95,398,961 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 96,172 95,399
Additional paid-in capital 266,984,050 266,393,645
Accumulated deficit (252,371,379) (245,357,307)
Total stockholders' equity 14,708,853 21,131,747
Total liabilities and stockholders' equity $ 24,728,901 $ 31,193,920