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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 18,159 $ 89,618
Trade receivables, net of allowance of $45,664 and $48,201, respectively 165,160 6,658
Inventories, net 660,791 1,037,854
Prepaid expenses and other current assets 138,369 494,425
Total current assets 982,479 1,628,555
Property, Plant and Equipment: 36,621,187 36,645,862
Less accumulated depreciation and amortization (32,207,829) (32,013,686)
Net property, plant and equipment 4,413,358 4,632,176
Other Assets:    
Patents, net of accumulated amortization of $363,533 and $430,071, respectively 862,429 1,470,796
Other non-current assets 34,061 49,813
Total other assets 896,490 1,520,609
Total Assets 6,292,327 7,781,340
Current Liabilities:    
Accounts payable 2,318,655 1,600,455
Related party payables 270,740 202,827
Accrued expenses 1,562,435 1,180,161
Accrued interest 1,198,279 443,587
Notes payable 1,516,530 1,570,231
Current portion of long-term debt 349,093 343,395
Secured promissory notes, net of discount of $2,824,365 and $3,618,571, respectively 3,447,380 938,656
Promissory notes, net of discount of $104,583 and $20,626, respectively 1,239,854 948,811
Convertible notes, net of discount of $394,011 and $1,238,241, respectively 1,852,722 1,362,592
Embedded derivative liability 10,114,452 6,406,833
Total current liabilities 23,870,140 14,997,548
Long-term debt, net of current portion 5,028,969 5,118,424
Accrued Warranty Liability 29,114 57,703
Total Liabilities 28,928,223 20,173,675
Series K preferred stock: 20,000 shares authorized as of December 31, 2018 and December 31, 2017; zero and 2,810 issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 0 2,810,000
Commitments and Contingencies
Stockholders’ Deficit:    
Series A preferred stock, $.0001 par value; 750,000 shares authorized; 60,756 shares issued and outstanding as of December 31, 2018 and December 31, 2017 ($822,620 and $761,864 Liquidation Preference, respectively) 6 6
Common stock, $0.0001 par value, 20,000,000,000 shares authorized as of December 31, 2018 and December 31, 2017; 63,537,885 and 9,606,677 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 6,354 960,660
Additional paid in capital 395,889,712 386,332,475
Accumulated deficit (418,531,968) (402,495,476)
Total stockholders’ deficit (22,635,896) (15,202,335)
Total Liabilities and Stockholders’ Deficit $ 6,292,327 $ 7,781,340