v3.3.1.900
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 42,491 $ 61,542 [1]
Accounts receivable, net 70,388 $ 118,456 [1]
Other receivables 69,185 [1]
Inventory 184,225 $ 728,372 [1]
Prepaid expenses and other current assets 80,061 280,066 [1]
Total current assets 446,350 1,188,436 [1]
Property and equipment, net [1]   699
Patents, net 380,000 1,131,327 [1]
Other assets, net [1]   240,478
Total assets 826,350 2,560,940 [1]
Current liabilities:    
Accounts payable 1,945,863 3,345,361 [1]
Accrued liabilities 135,231 104,229 [1]
Accrued warranty 854,080 938,466 [1]
Deferred revenue [1]   15,450
Derivative liability – embedded conversion feature [1]   129,598
Credit facility [1]   500,000
Note payable – short-term 225,000 109,164 [1]
Convertible notes and beneficial conversion feature – short-term 158,379 30,000 [1]
Total current liabilities 3,318,553 5,172,268 [1]
Convertible notes, less current portion (net of discount) [1]   343,499
Total liabilities 3,318,553 5,515,767 [1]
Commitments and contingencies (Note 17) [1]   0
Stockholders’ deficit:    
Common stock, $0.001 par value; 1,250,000,000 shares authorized; 474,649,087 and 279,475,332 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively 474,649 279,475 [1]
Additional paid-in capital 84,366,950 82,026,952 [1]
Accumulated deficit (87,333,802) (85,261,254) [1]
Total stockholders’ deficit (2,492,203) (2,954,827) [1]
Total liabilities and stockholders’ deficit $ 826,350 $ 2,560,940 [1]
[1] The condensed consolidated balance sheet as of December 31, 2014 has been derived from the audited consolidated financial statements as of that date.