XML 49 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 524,580 $ 868,067
Short-term investment 39,364 39,249
Accounts receivable, net 674,694 284,395
Costs and estimated earnings in excess of billings on uncompleted contracts 324,370 36,476
Inventory 212,925 48,011
Prepaid expenses and other current assets 9,493 1,405
Total current assets 1,785,426 1,277,603
Equipment, net 12,718 6,064
Security deposit 12,000   
Debt issuance costs, net 67,245 103,632
Totals 1,877,389 1,387,299
Current liabilities:    
Accounts payable and accrued expenses 945,403 343,080
Accrued interest, related party 26,570 20,439
Accrued interest 51,530   
Related party accounts payable and accrued expenses 208,370 102,856
Related party notes payable 73,500 73,500
Convertible debentures, net 1,455,804   
Billings in excess of costs and estimated earnings on uncompleted contracts 26,999 69,789
Deferred revenue 438,859 201,117
Conversion option liabilities 14,152 69,502
Warrant liabilities 271,459 337,055
Total current liabilities 3,512,646 1,217,338
Convertible debentures, net 229,086 685,692
Total liabilities 3,741,732 1,903,030
Commitments      
Stockholders' deficiency:    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 issued and outstanding at September 30, 2013 and December 31, 2012      
Common stock, $0.01 par value, 100,000,000 shares authorized; 42,198,093 issued and outstanding at September 30, 2013 and December 31, 2012 421,981 421,981
Additional paid-in capital 6,408,010 6,099,635
Accumulated deficiency (8,689,394) (7,036,776)
Accumulated other comprehensive loss (4,940) (571)
Total stockholders' deficiency (1,864,343) (515,731)
Totals $ 1,877,389 $ 1,387,299