XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash $ 33,409 $ 13,081
Accounts receivable, net 75,657 62,397
Inventory, net 118,700 132,133
Interest income receivable 6,533 4,083
Prepaid expenses 29,629 32,542
Total Current Assets 263,928 244,236
Property and Equipment, net 60,495 35,627
Patents and license, net 193,126 183,106
Total Assets 517,549 462,969
Current Liabilities:    
Accounts payable and accrued expenses 816,901 654,919
Short-term convertible notes payable, net of discount related-party 66,517 63,493
Short-term convertible notes payable, net of discount 370,458 365,416
Capital lease payable 2,106 2,808
Notes payable 17,573 22,521
Total Current Liabilities 1,273,555 1,109,157
Long Term Liabilities:    
Capital lease payable 2,105 2,105
Total Long Term Liabilities 2,105 2,105
Total Liabilities 1,275,660 1,111,262
Stockholders' Equity (Deficit):    
Preferred stock, $.001 par value, 5,000,000 shares authorized, Series A preferred stock, 350,000 and 350,000 shares designated, respectively, 109,900 and 43,500 shares issued and outstanding, resepecively, aggregate liquidation value of $549,500 and $217,500, respectively 150 110
Common stock, $.001 par value, 150,000,000 shares authorized, 7,444,591 shares issued and outstanding 7,444 7,444
Stock subscription receivable (49,000) (49,000)
Additional paid-in capital 5,397,170 5,115,587
Deferred compensation (332,479) (394,510)
Accumulated deficit (5,781,396) (5,327,924)
Total Stockholders' Equity (Deficit) (758,111) (648,293)
Total Liabilities and Stockholders' Equity (Deficit) $ 517,549 $ 462,969