XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 79,287 $ 196,478
Accounts receivable, trade, net of allowance for doubtful accounts of $1,100 at September 30, 2013 and December 31, 2012 1,026,858 600,153
Inventories 409,195 656,397
Prepaid expenses and other current assets 140,077 174,731
Total current assets 1,655,417 1,627,759
Property and equipment    
Leasehold improvements 1,121,362 919,035
Furniture and computer equipment 300,143 288,725
Manufacturing and other equipment 763,135 741,771
Subtotal 2,184,640 1,949,531
Less: Accumulated depreciation (798,335) (615,085)
Net property and equipment 1,386,305 1,334,446
Long term deposits 36,166 36,166
Deferred financing costs, net 129,136 171,458
Total assets 3,207,024 3,169,829
Current liabilities    
Accounts payable 840,498 862,492
Accrued expenses and other current liabilities 52,532 8,495
Accrued compensation 224,625 363,101
Deferred rent 111,250 111,250
Deferred revenue    20,000
Total current liabilities 1,228,905 1,365,338
Long term liabilities    
Promissory notes payable, related parties 10,603,127 10,603,127
Accrued interest, related parties 3,316,055 2,759,391
Deferred rent, long term 918,307 838,829
Deferred revenue, long term    89,167
Total liabilities 16,066,394 15,655,852
Shareholders' equity (deficiency)    
Common stock, $0.001 par value; 150,000,000 shares authorized, 70,414,877 and 69,679,854 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively 70,415 69,680
Additional paid-in capital 43,480,884 43,255,374
Accumulated deficit (56,410,669) (55,811,077)
Total shareholders' equity (deficiency) (12,859,370) (12,486,023)
Total liabilities and shareholders' equity (deficiency) $ 3,207,024 $ 3,169,829