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Statement - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash $ 364,497 $ 523,441
Accounts Receivable, net of allowance for bad debt of $19,395 and $18,462 208,233 278,261
Inventory, net of allowance for obsolescence of $41,717 and $46,007 524,913 402,530
Royalty receivable 100,500 0
Prepaid and Other Assets 5,995 6,295
Total Current Assets 1,204,138 1,210,527
LONG-TERM ASSETS:    
Property Plant and Equipment, net of accumulated depreciation of $26,750 and $22,477 41,862 45,428
Intangible Assets, net of accumulated depreciation of $293,430 and $267,913 216,882 242,397
Total Long-Term Assets 258,744 287,825
TOTAL ASSETS 1,462,882 1,498,352
CURRENT LIABILITIES:    
Accounts Payable 301,457 210,266
Accrued royalties and dividends 187,500 324,286
Capital lease obligation 4,504 4,504
Accrued Interest 195,598 181,431
Derivative Liabilities 497 1,708
Notes Payable 687,120 392,920
Convertible notes payable 0 1,200,000
Total Current Liabilities 1,376,676 2,315,115
LONG-TERM LIABILITIES    
Convertible Notes Payable to Related Parties 1,200,000 0
Capital lease obligation 7,508 8,633
Total Long-Term Liabilities 1,207,508 8,633
TOTAL LIABILITIES 2,584,184 2,323,748
STOCKHOLDERS' EQUITY (DEFICIT)    
Series A Preferred Stock, $10 par value, 5,000,000 shares authorized; none issued and outstanding 0 0
Series B Convertible Preferred Stock, $10 par value, 7,500 shares authorized; none issued and outstanding 0 0
Series C Convertible Preferred Stock, $10 par value, 100,000 shares authorized; 73,620 issued and outstanding as of June 30, 2015 and 70,411 issued and outstanding as of December 31, 2014 736,200 704,110
Series D Convertible Preferred Stock, $10 par value, 25,000 shares authorized; none issued and outstanding 0 0
Series E Convertible Preferred Stock, $10 par value, 5,000 shares authorized; none issued and outstanding 0 0
Common Stock: $.001 par value; 250,000,000 shares authorized; 107,246,916 issued and 107,242,827 outstanding as of June 30, 2015 and 105,447,320 issued and 105,443,231 outstanding as of December 31, 2014 107,247 105,447
Additional Paid-in Capital 44,206,556 43,820,636
Treasury Stock (12,039) (12,039)
Accumulated Deficit (46,159,266) (45,443,550)
Total Stockholders' Deficit (1,121,302) (825,396)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,462,882 $ 1,498,352