XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement - CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash $ 1,134,592 $ 44,553
Accounts receivable, net of allowance for bad debt of $18,233 and $13,014 214,271 221,549
Inventory, net of allowance for obsolescence of $21,576 and $114,404 500,440 307,502
Employee Advances 1,538 3,620
Deferred Loan Costs 0 1,032
Prepaid and Other Assets 64,336 76,203
Total Current Assets 1,915,177 654,459
LONG-TERM ASSETS:    
Property plant and equipment, net of accumulated depreciation of $19,539 and $17,062 31,471 29,259
Intangible assets, net of accumulated amortization of $242,397 and $216,882 267,913 293,428
TOTAL ASSETS 2,214,561 977,146
CURRENT LIABILITIES:    
Accounts Payable 367,455 192,166
Accrued Royalties 172,424 375,000
Accrued Liabilities 926 260
Accrued Interest - Related Parties 38,084 29,255
Accrued Interest 159,665 107,582
Derivative Liabilities 30,712 1,040,850
Notes Payable - Related Parties 115,620 115,620
Convertible notes payable, net of unamortized discounts of $7,962 and $50,837 1,192,038 1,284,063
Notes payable 279,100 300,900
Total Current Liabilities 2,356,024 3,445,696
STOCKHOLDERS' EQUITY (DEFICIT)    
Series A Preferred Stock, $10 par value, 5,000,000 shares authorized; none issued and outstanding 0 0
Series B Convertible Redeemable Preferred Stock, $10 par value, 75,000 shares authorized; none issued and outstanding 0 0
Series C Convertible Preferred Stock, $10 par value,100,000 shares authorized; 70,411 and 38,232 issued and outstanding as of June 30, 2014 and December 31, 2013 704,110 382,320
Series D Convertible Preferred Stock, $10 par value, 25,000 shares authorized; 15,350 and 15,000 issued and outstanding as of June 30, 2014 and December 31, 2013. 153,500 150,000
Series E Convertible Preferred Stock, $10 par value, 5,000 shares authorized; none issued and outstanding 0 0
Common Stock, $.001 par value; 100,000,000 shares authorized; 87,782,320 issued and 87,778,231 outstanding as of June 30, 2014 and 85,664,558 issued and 85,660,469 outstanding as of December 31, 2013 87,782 85,664
Additional Paid-in Capital 43,412,444 40,090,878
Treasury Stock (12,039) (12,039)
Accumulated Deficit (44,487,260) (43,165,373)
Total Stockholders' Equity (Deficit) (141,463) (2,468,550)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 2,214,561 $ 977,146