Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 26,006,463 $ 32,939,026
Accounts receivable 586,738 1,150,626
Inventory 2,113,915 2,232,436
Prepaid expenses and other 815,816 1,009,094
Total current assets 29,522,932 37,331,182
Property and equipment 4,068,692 3,609,059
Less accumulated depreciation and amortization 1,236,779 1,483,676
Property and equipment, net 2,831,913 2,125,383
Patents and trademarks 170,357 163,302
Less accumulated amortization 27,353 26,448
Patents and trademarks, net 143,004 136,854
Deferred debt issuance costs and other 141,627 723,098
Total assets 32,639,476 40,316,517
Current liabilities:    
Accounts payable 2,426,250 2,422,349
Accrued liabilities and other 3,019,329 4,772,963
Notes payable, current, net of discounts of $0 and $743,062, respectively 0 4,095,650
Total current liabilities 5,445,579 11,290,962
Notes payable, net of discounts of $2,935,238 and $856,746, respectively 30,939,076 23,572,603
Derivative liabilities 7,693,351 7,692,087
Other liabilities 3,169,656 1,770,452
Total liabilities 47,247,662 44,326,104
Commitments and contingencies      
Stockholders’ deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 3,403 and 7,565 Series B shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 3 8
Common stock; $.001 par value; 200,000,000 shares authorized; 149,837,919 and 135,919,423 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 149,838 135,919
Additional paid-in capital 314,239,828 313,111,788
Accumulated deficit (328,997,855) (317,257,302)
Total stockholders’ deficit (14,608,186) (4,009,587)
Total liabilities and stockholders’ deficit $ 32,639,476 $ 40,316,517