XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash $ 137,066 $ 13,139
Accounts Receivable, net of Allowance for Doubtful Accounts of $0 in 2013 and $4,073 in 2012. 101,891 39,711
Inventories 108,036 145,209
Prepaid Expense and other assets 35,585 27,409
Total Current Assets 382,578 225,468
Fixed Assets, net 12,453 3,521
Intangibles, net 48,545 140,588
Total Assets 443,576 369,577
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Current portion of convertible debt, net of discounts of $164,947 and $21,138 (See Note 6) 978,843 1,081,187
Convertible Notes Payable - Related Party (See Note 9) 597,282 0
Accounts payable 661,081 733,595
Accrued expenses 1,143,532 1,599,519
Deferred Revenue 5,000 0
Total Current Liabilities 3,385,738 3,414,301
Long-term convertible debt 0 89,300
Accrued Expenses 468,903 0
Liability for equity-linked financial instruments (See Note 8) 80,506 169,179
Stockholders' Deficit:    
Common stock, $.01 par value, 300,000,000 authorized, 121,952,832 and 104,247,228 outstanding 1,219,529 1,042,473
Additional paid-in capital 17,857,072 14,945,435
Deficit accumulated during development stage (22,568,172) (19,291,111)
Total Stockholders' Deficit (3,491,571) (3,303,203)
Total Liabilities and Stockholders' Deficit $ 443,576 $ 369,577