XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 96,320 $ 236,597
Accounts receivable, net 0 60,000
Inventory 291,092 247,433
Deferred debt issuance costs 96,836 82,227
Prepaid expenses and other current assets 159,054 174,852
Total current assets 643,302 801,109
Fixed assets, net 8,992 15,917
Patents, net 1,471,978 1,513,340
TOTAL ASSETS 2,124,272 2,330,366
Current liabilities:    
Accounts payable 839,524 1,009,018
Note payable to an affiliate 15,000 30,000
Convertible debt, net of discounts of $627,346 as of March 31, 2014 and $644,518 as of December 31, 2013 2,854,080 2,307,111
Derivative liability 3,187,063 1,104,423
Accrued expenses 596,479 431,045
Total current liabilities 7,492,146 4,881,597
COMMITMENTS AND CONTINGENCIES      
Stockholders' deficit    
Common stock, $.01 par value; 321,415,000 shares authorized; 167,953,254 and 166,712,054 shares issued and outstanding as of March 31, 2014 and December 31, 2013 1,679,532 1,667,120
Additional paid in capital 37,547,704 37,126,602
Accumulated deficit (44,625,960) (41,375,803)
Total stockholders' deficit (5,367,874) (2,551,231)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) 2,124,272 2,330,366
Series A Convertible Preferred Stock
   
Stockholders' deficit    
Convertible Preferred Stock, value 0 0
Series B Convertible Preferred Stock
   
Stockholders' deficit    
Convertible Preferred Stock, value 25,850 25,850
Total stockholders' deficit 25,850 25,850
Series C Convertible Preferred Stock
   
Stockholders' deficit    
Convertible Preferred Stock, value 5,000 5,000
Total stockholders' deficit $ 5,000 $ 5,000