XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash $ 70,084 $ 69,292
Accounts receivable, net of $39,000 and $36,000 allowance for doubtful accounts, respectively 30,298 20,556
Accounts receivable - related parties 105,942 51,703
Inventory 735,926 603,867
Prepaid expenses and other current assets 109,523 148,851
Other current assets - related parties 5,917 0
Deferred tax asset, net - current 277 304
Total current assets 1,057,967 894,573
Furniture, fixtures and equipment, net 76,265 72,281
Deferred tax asset, net - non-current 2,330 9,781
Other assets 27,635 31,635
Total assets 1,164,197 1,008,270
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable and accrued liabilities 534,558 508,715
Customer deposits and unearned revenue 99,610 53,678
Royalties payable - related parties 137,129 137,563
Other liabilities 252,009 170,827
Other liabilities and accrued interest - related parties 73,017 80,517
Convertible debentures, net 523,576 638,667
Notes payable - current portion 12,540 12,152
Notes payable - related parties - current portion 127,619 168,384
Total current liabilities 1,760,058 1,770,503
Long-term liabilities    
Notes payable - long-term portion 2,765 15,412
Notes payable - related parties - long-term portion 0 0
Total liabilities 1,762,823 1,785,915
Commitments and contingencies      
Stockholders' deficit    
Preferred stock; $0.001 par value: 10,000,000 shares authorized; 425,000 issued and outstanding 425 425
Common stock; $0.0001 par value; 5,000,000,000 shares authorized; 10,049,140 and 2,357,589 shares issued, respectively; 5,672,051 and 401,424 shares outstanding, respectively 567 40
Common stock payable; $0.0001 par value; 200,795 and 962,940 shares, respectively 20 96
Prepaid equity based compensation 0 (137,494)
Additional paid-in capital 8,478,092 7,648,732
Accumulated deficit (9,077,730) (8,289,444)
Total stockholders' deficit (598,626) (777,645)
Total liabilities and stockholders' deficit $ 1,164,197 $ 1,008,270