XML 14 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 123,913 $ 651,318
Accounts receivable, net 26,696 91,574
Other receivables, net 0 120,338
Inventories 0 1,305
Prepaid expenses and other current assets 57,394 42,567
Advanced royalties, net 5,000 82,905
Total current assets 213,003 990,007
Property and equipment, net 8,833 18,489
Intangible assets, net 276,878 4,242
Deposits and other assets 0 23,387
Total assets 498,714 1,036,125
Current liabilities:    
Accounts payable 95,441 215,707
Note payable 24,202 0
Capital leases - current portion 3,097 15,223
Accrued expenses 1,001,359 674,019
Deferred revenues 6,768 7,102
Total current liabilities 1,130,867 912,051
Long term liabilities:    
Capital leases - net of current portion 0 3,095
Total liabilities $ 1,130,867 $ 915,146
Commitments and contingencies
Shareholders' (deficit) equity:    
Common stock, $0.001 par value, 11,000,000 shares authorized; 8,932,466 and 6,787,323 shares issued and outstanding at December 31, 2015 and 2014, respectively $ 8,932 $ 6,787
Common stock subscribed but not issued 0 78,750
Additional paid-in capital 54,418,160 53,838,940
Accumulated deficit (55,059,245) (53,749,748)
Total shareholders' (deficit) equity (632,153) 120,979
Total liabilities and shareholders' (deficit) equity $ 498,714 $ 1,036,125