v3.3.1.900
Consolidated Balance Sheets
Dec. 31, 2013
USD ($)
Current assets:  
Cash $ 150,081
Accounts receivable, net 567,523
Other receivables 21,378
Inventory 786,636
Prepaid expenses and other current assets 317,510
Total current assets 1,843,128
Property and equipment, net 13,854
Patents, net 1,244,712
Other assets, net 363,711
Total assets 3,465,405
Current liabilities:  
Accounts payable 4,199,511
Accrued liabilities 89,730
Accrued warranty 1,312,918
Credit facility 500,000
Capital lease obligations – current portion 299
Derivative liability – embedded conversion feature 177,927
Note payable – short-term 129,839
Convertible notes – short-term 60,000
Total current liabilities 6,470,224
Convertible notes 382,084
Total liabilities 6,852,308
Commitments and contingencies (Note 17) 0
Stockholders’ deficit:  
Common stock, $0.001 par value; 500,000,000 shares authorized; 279,475,332 and 116,339,293 shares issued and outstanding as of December 31, 2014 and 2013, respectively 116,339
Additional paid-in capital 78,717,997
Accumulated deficit (83,390,026)
Total stockholders’ deficit (4,409,466)
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit 3,465,405
Series C Preferred Stock [Member]  
Current liabilities:  
Convertible redeemable preferred stock 163,998
Series D Preferred Stock [Member]  
Current liabilities:  
Convertible redeemable preferred stock 858,565
Series B Preferred Stock [Member]  
Stockholders’ deficit:  
Series B convertible redeemable preferred stock, $0.001 par value; 0 and 467 shares issued and outstanding as of December 31, 2014 and 2013, respectively $ 146,224