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Statement - CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash $ 182,337 $ 523,441
Accounts Receivable, net of allowance for bad debt of $20,388 and $18,462 251,546 278,261
Royalties Receivable 201,000 0
Inventory, net of allowance for obsolescence of $150,135 and $46,007 409,778 402,530
Prepaid and Other Assets 114,009 6,295
Total Current Assets 1,158,670 1,210,527
LONG-TERM ASSETS:    
Property Plant and Equipment, net of accumulated depreciation of $31,477 and $22,477 41,762 45,428
Intangible Assets, net of accumulated depreciation of $318,944 and $267,913 191,366 242,397
Total Long-Term Assets 233,128 287,825
TOTAL ASSETS 1,391,798 1,498,352
CURRENT LIABILITIES:    
Accounts Payable 222,351 210,266
Accounts Payable - Related Parties 21,099 0
Accrued Royalties and Dividends 323,062 324,286
Capital Lease Obligation 4,504 4,504
Accrued Interest 273,068 181,431
Derivative Liabilities 310 1,708
Notes Payable 444,700 392,920
Convertible Notes Payable 170,000 0
Convertible Notes Payable - Related Party, net of unamortized discounts of $0 and $50,837 0 1,200,000
Total Current Liabilities 1,459,094 2,315,115
LONG-TERM LIABILITIES    
Convertible Notes Payable - Related Parties 1,200,000 0
Capital Lease Obligation 3,973 8,633
Total Long-Term Liabilities 1,203,973 8,633
TOTAL LIABILITIES 2,663,067 2,323,748
STOCKHOLDERS' EQUITY (DEFICIT)    
Series A Preferred Stock, $10 par value, 5,000,000 shares authorized; none issued and outstanding 0 0
Series B Convertible Preferred Stock, $10 par value, 7,500 shares authorized; none issued and outstanding 0 0
Series C Convertible Preferred Stock, $10 par value, 100,000 shares authorized; 80,218 issued and outstanding as of December 31, 2015 and 70,411 issued and outstanding as of December 31, 2014 802,180 704,110
Series D Convertible Preferred Stock, $10 par value, 25,000 shares authorized; none issued and outstanding 0 0
Series E Convertible Preferred Stock, $10 par value, 5,000 shares authorized; none issued and outstanding 0 0
Common Stock: $.001 par value; 250,000,000 shares authorized; 107,274,816 issued and 107,270,727 outstanding as of December 31, 2015 and 92,902,320 issued and 92,898,231 outstanding as of December 31, 2014 107,274 105,447
Additional Paid-in Capital 44,615,321 43,820,636
Treasury Stock (12,039) (12,039)
Accumulated Deficit (46,784,005) (45,443,550)
Total Stockholders' Deficit (1,271,269) (825,396)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,391,798 $ 1,498,352