v2.4.0.8
Condensed Balance Sheets (Unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash $ 353,166 $ 297,385
Accounts Receivable (less allowance for doubtful accounts of $0 at September 30, 2014 and December 31,2013) 143,103 265,245
Prepaid expenses and other current assets 101,717 232,570
Inventory 496,313 496,313
Deferred debt discount 820,750 820,750
Total current assets 1,915,049 2,112,263
Other assets 139,344 172,362
Intangible assets, net 23,796 25,305
Property and equipment, net 19,080 69,555
Total assets 2,097,269 2,379,485
Current liabilities    
Accounts payable 487,192 1,175,221
Borrowings under line of credit, net of debt discount 941,248 684,994
Customer deposits 18,850 19,000
Accrued payroll 54,763 146,465
Deferred revenue 318,977 63,311
Accrued warranty costs 142,504 140,074
Accrued liabilities 442,640 496,011
Accrued loss contract 542,842 519,092
Accrued dividends 63,675 0
Derivative liabilities, short term 0 13,200
Current portion of long term debt 277 11,782
Total current liabilities 3,012,968 3,269,150
Long term liabilities    
Long term debt 0 16,169
Derivative liabilities 556,070 762,396
Total long term liabilities 556,070 778,565
Total liabilities 3,569,038 4,047,715
Stockholders' (deficit)    
Preferred stock, 5,000,000 shares authorized, $0.002 par value; 1,415 and 0 issued and outstanding at September 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 September 30, 2014 and December 31, 2013, respectively 39,784 35,987
Additional paid-in capital 23,923,613 25,330,474
Deficit accumulated (25,435,169) (27,034,691)
Total stockholders' (deficit) (1,471,769) (1,668,230)
Total liabilities and stockholders' deficit $ 2,097,269 $ 2,379,485