v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Mar. 31, 2011
Current Assets:    
Cash and cash equivalents $ 4,683,186 $ 35,502
Accounts receivable, net 2,055,162 82,238
Advances on inventory purchases 304,702   
Inventories 1,561,314 1,107
Deferred offering costs    63,500
Prepaid expenses and other current assets 262,163 46,370
Total current assets 8,866,527 228,717
Investments, at cost    150,000
Certificate of deposit - non current 50,000   
Property, plant and equipment, net 140,000 92,732
Deposit on asset acquisition 729,450   
Total Assets 9,785,977 471,449
Current Liabilities:    
Accounts payable 433,591 332,833
Notes payable officer    91,219
Deferred revenue 33,750 88,652
Accrued interest related parties    2,354
Accrued registration rights penalty 156,000 156,000
Accrued expenses and other current liabilities 601,695 108,326
Notes Payable - Current Portion 28,737 9,714
Warrant liability 25,797,615 4,117,988
Total current liabilities 27,051,388 4,907,086
Commitments and contingencies      
Stockholders' equity (deficit):    
Preferred stock, $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2011 and March 31, 2011, respectively.      
Common stock, $.002 par value; $.0001 par value; 750,000,000 and 400,000,000 shares authorized at March 31, 2012 and 2011, respectively, and; 31,970,784 and 10,886,374 issued and outstanding at March 31, 2012 and 2011, respectively. 3,197 1,089
Additional paid-in capital    3,460,597
Accumulated deficit (17,268,608) (7,897,323)
Total stockholders' equity (deficit) (17,265,411) (4,435,637)
Total liabilities and stockholders' deficit $ 9,785,977 $ 471,449