v2.4.0.8
Condensed Balance Sheets (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash $ 807,157 $ 297,385
Accounts Receivable (less allowance for doubtful accounts of $0 at June 30, 2014 and December 31, 2013) 26,184 265,245
Prepaid expenses and other current assets 97,739 232,570
Inventory 496,313 496,313
Deferred debt discount 820,750 820,750
Total current assets 2,248,143 2,112,263
Other assets 150,350 172,362
Intangible assets, net 24,299 25,305
Property and equipment, net 45,128 69,555
Total assets 2,467,920 2,379,485
Current liabilities    
Accounts payable 581,076 1,175,221
Borrowings under line of credit, net of debt discount 855,516 684,994
Customer deposits 37,953 19,000
Accrued payroll 64,420 146,465
Deferred revenue 194,102 63,311
Accrued warranty costs 142,504 140,074
Accrued liabilities 433,139 496,011
Accrued loss contract 421,621 519,092
Accrued dividends 31,387 0
Derivative liabilities, short term 0 13,200
Current portion of long term debt 10,473 11,782
Total current liabilities 2,772,191 3,269,150
Long term liabilities    
Long term debt 12,252 16,169
Derivative liabilities 1,705,766 762,396
Total long term liabilities 1,718,018 778,565
Total liabilities 4,490,209 4,047,715
Stockholders' (deficit)    
Preferred stock, 5,000,000 shares authorized, $0.002 par value; 1,514 and 0 issued and outstanding at June 30, 2014 or December 31, 2013 3 0
Common stock, 500,000,000 shares authorized, $0.002 par value; 19,892,264 and 17,993,694 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 39,784 35,987
Additional paid-in capital 23,896,754 25,330,474
Deficit accumulated (25,958,830) (27,034,691)
Total stockholders' (deficit) (2,022,289) (1,668,230)
Total liabilities and stockholders' deficit $ 2,467,920 $ 2,379,485