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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and Cash Equivalents $ 16,072,222 $ 84,967
Accounts Receivable 664,567 383,533
Inventories, Net 1,761,907 911,949
Prepaid Manufacturing Vendor Payments 1,278,275 156,091
Prepaid Expenses and Other Assets 370,566 422,909
Total Current Assets 20,147,537 1,959,449
Tooling and Equipment, Net 804,937 416,965
Patents and Trademarks, Net 528,798 423,489
Software Development Costs, Net 572,901 787,738
Debt Issuance Costs, Net 77,781 112,521
Total Assets 22,131,954 3,700,162
Current Liabilities    
Accounts Payable 397,927 2,183,565
Line of Credit 0 112,500
Notes Payable 0 37,038
Current Portion of Long-term Debt, Net of discount 73,985 128,425
Current Portion of Capital Leases 0 16,882
Customer Deposits 20,534 120,550
Unearned Revenue 74,031 53,403
Accrued Expenses 715,480 699,067
Income and Other Taxes Payable 9,528 35,158
Total Current Liabilities 1,291,485 3,386,588
Long-Term Liabilities    
Long-Term Derivative Liability 110,788 13,541,138
Long-Term Portion of Term Debt, Net of discount 1,193,559 1,088,996
Long-Term Portion of Accrued Interest 149,309 81,451
Total Long-Term Liabilities 1,453,656 14,711,585
Total Liabilities 2,745,141 18,098,173
Stockholders’ Equity (Deficit)    
Preferred Stock — $.001 Par Value, 5,000,000 Shares Authorized; 49,626 Shares Issued and Outstanding September 30, 2015, and 0 Shares Outstanding on December 31, 2014 50 0
Common Stock — $.001 Par Value, 100,000,000 Shares Authorized; 16,059,434 Shares Issued and Outstanding September 30, 2015 and 11,295,387 on December 31, 2014 16,058 11,296
Additional Paid-in Capital 73,450,245 29,752,083
Accumulated Deficit (54,079,540) (44,161,390)
Total Stockholders’ Equity (Deficit) 19,386,813 (14,398,011)
Total Liabilities and Stockholders’ Equity (Deficit) $ 22,131,954 $ 3,700,162