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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 185,718 $ 180,000
Accounts receivable, net 47,428 89,378
Accounts receivable - related party, net 0 2,805
Inventory 581,453 531,421
Prepaid expenses and deferred charges 93,403 123,201
Total Current Assets 908,002 926,805
Property, Equipment and Leasehold Improvements, net 160,014 257,417
Other Assets    
Intangible asset - patents, net 2,363,854 2,720,541
Intangible asset - licensing rights, net 3,263,042 3,506,235
Investment in unconsolidated subsidiary 0 0
Deposits 18,069 18,069
Total Other Assets 5,644,965 6,244,845
TOTAL ASSETS 6,712,981 7,429,067
Current Liabilities    
Accounts payable 1,798,834 1,780,197
Accrued liabilities 268,473 402,214
Promissory note payable, net of unamortized debt discount and debt issuance costs, current portion 0 315,058
Deferred revenue, current portion 90,723 42,934
Total Current Liabilities 2,158,030 2,540,403
Long Term Liabilities    
Deferred revenue, net of current portion 359,915 685,287
Total Long Term Liabilities 359,915 685,287
TOTAL LIABILITIES 2,517,945 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 September 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 September 30, 2016 and December 31, 2015, respectively 62,974 36,835
Additional paid-in capital 62,261,002 60,426,915
Accumulated (deficit) (58,128,940) (56,260,373)
TOTAL STOCKHOLDERS' EQUITY 4,195,036 4,203,377
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,712,981 $ 7,429,067