Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 5,479,006us-gaap_CashAndCashEquivalentsAtCarryingValue $ 32,939,026us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 816,544us-gaap_AccountsReceivableNet 1,150,626us-gaap_AccountsReceivableNet
Inventory, net 932,385us-gaap_InventoryNet 2,232,436us-gaap_InventoryNet
Prepaid expenses and other 1,371,210us-gaap_PrepaidExpenseAndOtherAssetsCurrent 1,009,094us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 8,599,145us-gaap_AssetsCurrent 37,331,182us-gaap_AssetsCurrent
Property and equipment 4,124,028us-gaap_PropertyPlantAndEquipmentGross 3,609,059us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation and amortization 1,614,320us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 1,483,676us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property and equipment, net 2,509,708us-gaap_PropertyPlantAndEquipmentNet 2,125,383us-gaap_PropertyPlantAndEquipmentNet
Patents and trademarks 219,558us-gaap_FiniteLivedIntangibleAssetsGross 163,302us-gaap_FiniteLivedIntangibleAssetsGross
Less accumulated amortization 38,725us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization 26,448us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization
Patents and trademarks, net 180,833us-gaap_FiniteLivedIntangibleAssetsNet 136,854us-gaap_FiniteLivedIntangibleAssetsNet
Investment in R-NAV, LLC 241,575us-gaap_InvestmentsAndOtherNoncurrentAssets 0us-gaap_InvestmentsAndOtherNoncurrentAssets
Other assets 388,919us-gaap_OtherAssetsNoncurrent 723,098us-gaap_OtherAssetsNoncurrent
Total assets 11,920,180us-gaap_Assets 40,316,517us-gaap_Assets
Current liabilities:    
Accounts payable 1,477,499us-gaap_AccountsPayableCurrent 2,422,349us-gaap_AccountsPayableCurrent
Accrued liabilities and other 3,234,120us-gaap_AccruedLiabilitiesAndOtherLiabilities 4,772,963us-gaap_AccruedLiabilitiesAndOtherLiabilities
Notes payable, current, net of discounts of $829,019 and $743,062, respectively 4,383,472us-gaap_NotesPayableCurrent 4,095,650us-gaap_NotesPayableCurrent
Total current liabilities 9,095,091us-gaap_LiabilitiesCurrent 11,290,962us-gaap_LiabilitiesCurrent
Notes payable, net of discounts of $1,530,804 and $856,746, respectively 29,539,135us-gaap_LongTermNotesPayable 23,572,603us-gaap_LongTermNotesPayable
Derivative liabilities 0us-gaap_DerivativeLiabilities 7,692,087us-gaap_DerivativeLiabilities
Other liabilities 3,089,420us-gaap_OtherLiabilitiesNoncurrent 1,770,452us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 41,723,646us-gaap_Liabilities 44,326,104us-gaap_Liabilities
Stockholders' deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 4,519 and 7,565 Series B shares issued and outstanding at December 31, 2014 and 2013, respectively 4us-gaap_PreferredStockValue 8us-gaap_PreferredStockValue
Common stock; $.001 par value; 200,000,000 shares authorized; 150,200,259 and 135,919,423 shares issued and outstanding at December 31, 2014 and 2013, respectively 150,200us-gaap_CommonStockValue 135,919us-gaap_CommonStockValue
Additional paid-in capital 323,030,301us-gaap_AdditionalPaidInCapital 313,111,788us-gaap_AdditionalPaidInCapital
Accumulated deficit (352,983,971)us-gaap_RetainedEarningsAccumulatedDeficit (317,257,302)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders’ deficit (29,803,466)us-gaap_StockholdersEquity (4,009,587)us-gaap_StockholdersEquity
Total liabilities and stockholders’ deficit $ 11,920,180us-gaap_LiabilitiesAndStockholdersEquity $ 40,316,517us-gaap_LiabilitiesAndStockholdersEquity