Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash $ 16,952,671 $ 28,644,004
Accounts receivable, net 8,831 15,794
Inventory, net 918,500 821,549
Prepaid expenses and other 813,920 565,174
Total current assets 18,693,922 30,046,521
Property and equipment 1,756,305 1,441,229
Less accumulated depreciation and amortization 1,005,027 977,960
Property, Plant and Equipment, Net, Total 751,278 463,269
Patents and trademarks 109,612 106,592
Less accumulated amortization 21,171 21,171
Finite-Lived Intangible Assets, Net, Total 88,441 85,421
Other assets 480,922 598,709
Total assets 20,014,563 31,193,920
Current liabilities:    
Accounts payable 979,485 681,754
Accrued liabilities and other 1,486,964 2,097,786
Note payable to investor, net of discount of $242,922 2,341,151  
Derivative liabilities, current 793,418 568,930
Total current liabilities 5,601,018 3,348,470
Note payable to investor, net of discounts of $183,536 and $543,612, respectively 4,232,391 6,456,388
Other liabilities 252,247 257,315
Total liabilities 10,085,656 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 June 30, 2012 and December 31, 2011 10 10
Common stock; $.001 par value; 200,000,000 shares authorized; 96,809,622 and 95,398,961 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 96,810 95,399
Additional paid-in capital 268,063,288 266,393,645
Accumulated deficit (258,231,201) (245,357,307)
Total stockholders' equity 9,928,907 21,131,747
Total liabilities and stockholders' equity $ 20,014,563 $ 31,193,920