XML 20 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 554,556 $ 1,443,349
Accounts receivable, net 31,941 259,049
Inventories 0 302,739
Prepaid expenses and other current assets 211,088 212,280
Deferred expenses, current 78,292 3,000,000
Total current assets 875,877 5,217,417
Property and equipment, net 25,263 42,267
Deferred expenses, patents 0 12,094,420
Patents, net 8,669,921 10,415,404
Intangible assets, net 386,083 499,083
Goodwill 8,858,504 8,858,504
Debt issuance costs 516,767 729,498
Deposits and other assets 18,993 18,993
Total assets 19,351,408 37,875,586
Current liabilities    
Accounts payable 1,846,903 1,501,938
Accrued expenses and other current liabilities 12,726 301,132
Short-term notes payable, related party 100,000 300,000
Guaranteed payments, current 2,076,767 3,807,084
Fortress notes payable, current 5,894,049 1,421,196
Deferred revenue 550,000 0
Total current liabilities 10,480,445 7,331,350
Deferred revenue, non-current 346,429 0
Guaranteed payments 0 13,105,857
Derivative liabilities 4,145 30,278
Fortress notes payable, net of discount 2,628,153 6,259,321
Fortress revenue share, net of discount 6,034,278 2,478,057
Total liabilities 19,493,450 29,204,863
Stockholders' equity    
Common stock, $0.001 par value; 100,000,000 shares authorized, 4,223,124 and 2,799,713 shares issued and outstanding at December 31, 2015 and December 31, 2014 4,223 2,800
Additional paid-in capital 54,660,497 51,738,425
Accumulated deficit (54,806,762) (43,073,213)
Total stockholders' equity (deficit) (142,042) 8,670,723
Total liabilities and stockholders' equity 19,351,408 37,875,586
Series A Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized 0 2,710
Series B Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized $ 0 $ 1