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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash $ 5,830,599 $ 188
Due from related party 42,069 36,969
Due from officers 7,471 3,578
Inventory 1,406,280 1,230,526
Machinery and equipment held for resale 457,696 0
Prepaid expenses and other assets 0 10,044
Total current assets 7,744,115 1,281,305
Machinery and equipment, net 2,997,760 6,030
Other assets:    
Patent and trademark costs, net 1,544,869 1,353,304
Deferred debt issuance costs, net 0 4,232
Total other assets 1,544,869 1,357,536
Total assets 12,286,744 2,644,871
Current liabilities:    
Demand bank loan 174,925 174,925
Accounts payable 54,665 1,410,650
Accrued expenses 575,730 503,002
Deferred revenue 179,014 0
Accrued interest payable to related parties 0 3,567
Notes payable 0 617,000
Convertible notes, net of unamortized discount 0 1,893,804
Total current liabilities 984,334 4,602,948
Warrant liability 3,779,522 4,173,140
Total liabilities 4,763,856 8,776,088
Commitments and contingencies (Note 12) 0 0
Shareholders' equity (deficit)    
Preferred shares value 0 0
Common shares value 569 344
Capital in excess of par value 47,452,055 7,645,017
Accumulated deficit (39,929,736) (13,776,578)
Total shareholders' equity (deficit) 7,522,888 (6,131,217)
Total liabilities and shareholders' equity (deficit) $ 12,286,744 $ 2,644,871