v2.4.0.8
Balance Sheets (Unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash $ 1,273,843 $ 297,385
Accounts Receivable (less allowance for doubtful accounts of $0 at March 31, 2014 and December 31, 2013) 41,465 265,245
Prepaid expenses and other current assets 153,988 232,570
Inventory 496,313 496,313
Deferred debt discount 820,750 820,750
Total current assets 2,786,359 2,112,263
Other assets 161,356 172,362
Intangible assets, net 24,802 25,305
Property and equipment, net 56,975 69,555
Total assets 3,029,492 2,379,485
Current liabilities    
Accounts payable 1,018,776 1,175,221
Borrowings under line of credit, net of debt discount 769,784 684,994
Customer deposits 20,850 19,000
Accrued payroll 98,619 146,465
Deferred revenue 61,217 63,311
Accrued warranty costs 140,074 140,074
Accrued liabilities 451,316 496,011
Accrued loss contract 495,369 519,092
Derivative liabilities, short term 0 13,200
Current portion of long term debt 11,193 11,782
Total current liabilities 3,067,198 3,269,150
Long term liabilities    
Long term debt 14,612 16,169
Derivative liabilities 3,917,772 762,396
Total long term liabilities 3,932,384 778,565
Total liabilities 6,999,582 4,047,715
Stockholders' (deficit)    
Preferred stock, 5,000,000 shares authorized, $0.002 par value; 1,500 and 0 issued and outstanding at March 31, 2014 or December 31, 2013 3 0
Common stock, 500,000,000 shares authorized, $0.002 par value; 19,498,694 and 17,993,694 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 38,497 35,987
Additional paid-in capital 23,778,389 25,330,474
Deficit accumulated (27,786,979) (27,034,691)
Total stockholders' (deficit)/ (3,970,090) (1,668,230)
Total liabilities and stockholders' deficit $ 3,029,492 $ 2,379,485