Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.3.0.15
Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash $ 31,764,460 $ 6,420,506
Accounts receivable, net 179,902 137,958
Inventory, net 844,203 632,000
Prepaid expenses and other 86,652 257,899
Assets associated with discontinued operations 5,215 2,784,640
Total current assets 32,880,432 10,233,003
Property and equipment 1,366,330 1,366,105
Less accumulated depreciation and amortization 965,535 960,726
Property, Plant and Equipment, Net, Total 400,795 405,379
Patents and trademarks 104,569 63,643
Less accumulated amortization 21,171 21,171
Finite-Lived Intangible Assets, Net, Total 83,398 42,472
Other assets 7,421 7,421
Assets associated with discontinued operations   174,463
Total assets 33,372,046 10,862,738
Current liabilities:    
Accounts payable 1,039,768 1,357,796
Accrued liabilities and other 2,525,067 1,014,130
Notes payable to finance companies   62,411
Derivative liabilities, current   405,524
Liabilities associated with discontinued operations, current 613,151 1,104,578
Total current liabilities 4,177,986 3,944,439
Derivative liabilities 53,010 2,077,799
Liabilities associated with discontinued operations 648,801 672,924
Other liabilities 14,607 35,831
Total liabilities 4,894,404 6,730,993
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 September 30, 2011, and 10,000 Series Series B shares and 1,000 Series C shares issued and outstanding at December 31, 2010 10 11
Common stock; $.001 par value; 200,000,000 shares authorized; 95,110,527 and 86,319,913 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively 95,111 86,320
Additional paid-in capital 266,106,906 254,915,713
Accumulated deficit (237,724,385) (250,870,299)
Total stockholders' equity 28,477,642 4,131,745
Total liabilities and stockholders' equity $ 33,372,046 $ 10,862,738