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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 718,135 $ 180,000
Accounts receivable, net 53,103 89,378
Accounts receivable - related party, net 0 2,805
Inventory 582,039 531,421
Prepaid expenses and deferred charges 51,120 123,201
Total Current Assets 1,404,397 926,805
Property, Equipment and Leasehold Improvements, net 191,087 257,417
Other Assets    
Intangible asset - patents, net 2,483,617 2,720,541
Intangible asset - licensing rights, net 3,344,997 3,506,235
Investment in unconsolidated subsidiary 0 0
Deposits 20,964 18,069
Total Other Assets 5,849,578 6,244,845
TOTAL ASSETS 7,445,062 7,429,067
Current Liabilities    
Accounts payable 1,811,387 1,780,197
Accrued liabilities 250,757 402,214
Accrued interest 625 0
Promissory notes payable, net of unamortized debt discount and debt issuance costs, current portion 114,728 315,058
Deferred revenue, current portion 5,764 42,934
Total Current Liabilities 2,183,261 2,540,403
Long Term Liabilities    
Deferred revenue, net of current portion 401,368 685,287
Total Long Term Liabilities 401,368 685,287
TOTAL LIABILITIES 2,584,629 3,225,690
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock - $0.001 par value; 20,000 shares authorized; Preferred Stock Series A, 1,000 shares designated; no shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 0 0
Common Stock - $0.001 par value; 200,000,000 shares authorized; 62,974,431 and 36,834,933 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 62,975 36,835
Additional paid-in capital 62,240,416 60,426,915
Accumulated (deficit) (57,442,958) (56,260,373)
TOTAL STOCKHOLDERS' EQUITY 4,860,433 4,203,377
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,445,062 $ 7,429,067