XML 18 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Statement - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash $ 198,544 $ 523,441
Accounts receivable, net of allowance for bad debt of $19,072 and $18,462 306,277 278,261
Inventory, net of allowance for obsolescence for $19,260 and $46,007 609,232 402,530
Royalty receivable 150,750 0
Prepaid and Other Assets 5,995 6,295
Total Current Assets 1,270,798 1,210,527
LONG-TERM ASSETS:    
Property plant and equipment, net of accumulated depreciation of $29,104 and $22,477 44,135 45,428
Intangible assets, net of accumulated depreciation of $306,186 and $267,913 204,124 242,397
Total Long-Term Assets 248,259 287,825
TOTAL ASSETS 1,519,057 1,498,352
CURRENT LIABILITIES:    
Accounts Payable 217,503 210,266
Accrued royalties and dividends 251,925 324,286
Capital lease liability 4,504 4,504
Accrued Interest 244,648 181,431
Derivative Liabilities 225 1,708
Notes Payable 486,220 392,920
Convertible notes payable 190,000 0
Convertible notes payable to related party 0 1,200,000
Total Current Liabilities 1,395,025 2,315,115
LONG-TERM LIABILITIES    
Convertible Notes Payable to Related Parties 1,200,000 0
Capital lease obligation 5,541 8,633
Total Long-Term Liabilities 1,205,541 8,633
TOTAL LIABILITIES 2,600,566 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; 77,192 issued and outstanding as of September 30, 2015 and 70,411 issued and outstanding as of December 31, 2014 771,920 704,110
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; 107,346,916 issued and 107,342,827 outstanding as of September 30, 2015 and 105,447,320 issued and 105,443,231 outstanding as of December 31, 2014 107,347 105,447
Additional Paid-in Capital 44,389,240 43,820,636
Treasury Stock (12,039) (12,039)
Accumulated Deficit (46,337,977) (45,443,550)
Total Stockholders' Deficit (1,081,509) (825,396)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,519,057 $ 1,498,352