XML 54 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current Assets    
Cash $ 160,919 $ 36,602
Restricted cash 46,400 46,400
Accounts receivable, net of allowance 138,596 15,036
Inventory 1,046,047 357,976
Prepaid expenses 61,695   
Deposits 56,470 15,990
Total Current Assets 1,510,127 472,004
Property and equipment, net 64,778 19,372
Intangibles 542,602 508,600
Goodwill 1,294,998 279,515
Total Assets 3,412,504 1,279,491
Current Liabilities    
Accounts payable 545,769 293,020
Accrued expenses 115,203 19,368
Credit line 39,177   
Deferred revenue 18,644 33,638
Derivative liability 250,000   
12% Senior secured convertible notes 806,134   
Note payable and accrued interest 833,669 193,180
Note payable and accrued interest, related party 25,444   
Total current liability 2,634,040 539,206
6% Senior secured convertible notes, net of discount 528,028 1,077,640
Total long-term debt 528,028 1,077,640
Total Liabilities 3,162,068 1,616,846
Stockholders' Equity (Deficit)    
Preferred stock, $0.0001 par value, 3,000,000 shares authorized and outstanding, respectively    300
Common Stock, $0.0001 par value, 1,000,000,000 shares authorized, 617,034,915 and 157,000,000 shares issued and outstanding, respectively 61,704 [1] 38,970
Additional paid-in capital 6,009,227 2,643,941
Accumulated deficit (5,820,495) (3,020,566)
Total stockholders' equity (deficit) 250,436 (337,355)
Total liabilities and stockholders' equity (deficit) $ 3,412,504 $ 1,279,491
[1] (1) The December 31, 2012 capital accounts of the Company have been retroactively restated to reflect the equivalent number of common shares based on the exchange ratio of the merger transaction. See Note 2.