XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 628,369 $ 554,556
Accounts receivable 26,975 31,941
Prepaid expenses and other current assets 289,014 211,088
Deferred expenses, current 113,169 78,292
Total current assets 1,057,527 875,877
Property and equipment, net 16,761 25,263
Patents, net 7,914,432 8,669,921
Intangible assets, net 329,583 386,083
Goodwill 8,858,504 8,858,504
Deposits and other assets 18,993 18,993
Total assets 18,195,800 18,834,641
Current liabilities    
Accounts payable 1,343,220 1,846,903
Accrued expenses and other current liabilities 418,281 12,726
Short-term notes payable, related party 0 100,000
Guaranteed payments, current 2,200,000 2,076,767
Fortress notes payable, current 6,820,992 5,598,754
Deferred revenue 550,000 550,000
Total current liabilities 11,332,493 10,185,150
Deferred revenue, non-current 646,429 346,429
Derivative liabilities 3,527 4,145
Fortress notes payable, net of discount 643,291 2,406,681
Fortress revenue share, net of discount 3,948,153 6,034,278
Total liabilities 16,573,893 18,976,683
Stockholders' equity    
Common stock, $0.001 par value; 100,000,000 shares authorized, 4,917,235 and 4,223,124 shares issued and outstanding at June 30, 2016 and December 31, 2015 4,917 4,223
Additional paid-in capital 59,349,987 54,660,497
Accumulated deficit (57,733,000) (54,806,762)
Total stockholders' equity 1,621,907 (142,042)
Total liabilities and stockholders' equity 18,195,800 18,834,641
Series A Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized 0 0
Series B Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized 0 $ 0
Series C Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized 3  
Series D Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized $ 0