Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash $ 25,638,305 $ 9,118,564
Accounts receivable 86,350 17,605
Inventory 1,329,752 297,500
Prepaid expenses and other 1,673,179 1,183,714
Total current assets 28,727,586 10,617,383
Property and equipment 2,694,052 2,026,895
Less accumulated depreciation and amortization 1,320,007 1,092,317
Property and equipment, net 1,374,045 934,578
Patents and trademarks 132,001 115,053
Less accumulated amortization 24,599 22,571
Patents and trademarks, net 107,402 92,482
Deferred debt issuance costs and other 909,235 327,954
Total assets 31,118,268 11,972,397
Current liabilities:    
Accounts payable 2,888,147 1,417,463
Accrued liabilities and other 1,750,518 2,016,358
Notes payable, current, net of discounts of $0 and $202,287, respectively 80,820 2,756,718
Total current liabilities 4,719,485 6,190,539
Notes payable, net of discounts of $1,936,409 and $93,038, respectively 27,225,620 6,930,112
Other liabilities 1,005,875 257,122
Total liabilities 32,950,980 13,377,773
Commitments and contingencies      
Stockholders' deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 9,303 and 6,938 Series B shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 9 7
Common stock; $.001 par value; 200,000,000 shares authorized; 119,590,109 and 113,018,772 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 119,590 113,019
Additional paid-in capital 290,246,903 273,039,442
Accumulated deficit (292,199,214) (274,557,844)
Total stockholders' deficit (1,832,712) (1,405,376)
Total liabilities and stockholders' deficit $ 31,118,268 $ 11,972,397