v2.3.0.15
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Mar. 21, 2011
Dec. 31, 2010
Current Assets:   
Cash$ 19,618 $ 15,924
Accounts receivable, net158,024 81,500
Inventory, net290,000 201,010
Inventory purchase deposits36,900 86,700
Prepaid expenses and other current assets130,823 26,184
Total current assets635,365 411,318
Fixed assets, net28,648 17,656
Patent, net597,151 639,138
Total Assets1,261,164 1,068,112
Current Liabilities:   
Accounts payable and accrued expenses1,069,109 1,015,119
Accrued interest payable830,949 618,340
Deferred revenue4,818 26,368
Promissory notes payable, net of discount1,212,604 599,062
Related party advances and notes payable159,430 159,430
Other current liability350,000 350,000
Obligation to issue common stock85,000 70,000
Derivative instruments637,506 1,118,523
Convertible promissory notes, net of discounts, with premiums2,397,737 1,604,000
Total current liabilities6,747,153 5,560,842
Contingent note payable from patent purchase, net of discount857,791 965,543
Convertible promissory notes, with premiums1,551,285 227,372
Liability for contingent compensation59,405 43,519
Total liabilities9,215,634 6,797,276
Commitments and contingencies   
Shareholders' deficit:   
Common stock, $.0001 par value; 500,000,000 and 2,500,000,000 shares authorized; 20,770,452 and 10,726,440 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively (2011 share issuances adjusted for the March 21, 2011, 200-to-1 reverse common stock split)2,077 214,524
Additional paid-in capital26,043,491 21,128,703
Accumulated deficit(34,000,043) (27,072,391)
Total shareholders' deficit(7,954,470) (5,729,164)
Total liabilities and shareholders' deficit1,261,164 1,068,112
Series A preferred stock
   
Shareholders' deficit:   
Preferred stock5  
Series B convertible preferred stock
   
Shareholders' deficit:   
Preferred stock