XML 42 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash $ 42,155 $ 19,188
Accounts receivable, net of $22,000 and $47,000 allowance for doubtful accounts, respectively 31,737 41,693
Accounts receivable - related parties 64,051 71,325
Inventory 613,500 606,213
Prepaid expenses and other current assets 145,889 30,195
Other current assets - related parties 3,044 5,444
Deferred tax asset, net - current 190 233
Total current assets 900,566 774,291
Property and equipment, net 98,046 108,506
Deferred tax asset, net - non-current 2,330 2,330
Other assets 6,648 31,049
Total assets 1,007,590 916,176
Current liabilities    
Accounts payable and accrued liabilities 554,604 462,776
Customer deposits and unearned revenue 18,558 40,385
Royalties payable - related parties 154,779 127,661
Other liabilities 231,371 232,738
Other liabilities and accrued interest - related parties 92,019 93,521
Convertible debentures, net 371,965 376,645
Notes payable - current portion 6,041 8,749
Notes payable - related parties - current portion 31,682 14,167
Total current liabilities 1,461,019 1,356,642
Long-term liabilities    
Notes payable - long-term portion 9,197 12,231
Total liabilities $ 1,470,216 $ 1,368,873
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; and 76,261,888 and 83,772,236 shares issued, respectively; 76,261,394 and 60,471,929 shares outstanding, respectively 7,626 6,047
Common stock payable; $0.0001 par value; 195,610 and 195,610 shares, respectively 20 20
Additional paid-in capital 8,638,808 8,631,496
Accumulated deficit (9,109,505) (9,090,685)
Total stockholders' deficit (462,626) (452,697)
Total liabilities and stockholders' deficit $ 1,007,590 $ 916,176