XML 20 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets:      
Cash and cash equivalents   $ 466,997 $ 884,188
Short-term investment   30,003 39,399
Accounts receivable, net   86,035 165,933
Costs and estimated earnings in excess of billings on uncompleted contracts  
Inventory   158,181 198,970
Prepaid expenses and other current assets   7,717
Total current assets   741,216 1,296,207
Equipment, net   7,229 10,957
Security deposit   3,900 15,900
Debt issuance costs, net   5,204 26,019
Totals   757,549 1,349,083
Current liabilities:      
Accounts payable and accrued expenses   41,163 279,066
Accounts payable and accrued expenses - subject to compromise   120,325
Accrued interest, related party - subject to compromise   43,301 36,833
Accrued interest   173,147
Related party accounts payable and accrued expenses   132,481
Related party accounts payable and accrued expenses- subject to compromise   370,151
Related party notes payable - secured claim   73,500 73,500
Convertible debentures, net of discounts of $387,965 - secured claim   5,017,045 800,726
Billings in excess of costs and estimated earnings on uncompleted contracts   28,024 3,500
Deferred revenue   170,530 303,427
Conversion option liabilities   110,000
Warrant liabilities   536,671
Total current liabilities   6,037,186 2,276,204
Debtor in possession financing   600,000
Convertible debentures, net of discounts of $782,653   2,402,176
Total liabilities   6,637,186 4,678,380
Commitments and Contingencies  
Stockholders' equity (deficit):      
Preferred stock, value  
Common stock, value   429,189 429,189
Additional paid-in capital   7,171,683 6,978,907
Accumulated deficit   (13,480,509) (10,737,393)
Accumulated other comprehensive loss  
Total stockholders' equity (deficit)   (5,879,637) (3,329,297)
Totals   757,549 1,349,083
Successor      
Current assets:      
Cash and cash equivalents $ 346,417    
Short-term investment 30,014    
Accounts receivable, net 279,767    
Costs and estimated earnings in excess of billings on uncompleted contracts 25,753    
Prepaid expenses 33,589    
Inventory 138,427    
Total current assets 853,967    
Equipment, net 4,926    
Security deposit 1,200    
Debt issuance costs, net    
Goodwill 4,162,173    
Intangible assets, net 3,733,125    
Totals 8,755,391    
Current liabilities:      
Accounts payable and accrued expenses 199,077    
Accounts payable and accrued expenses - subject to compromise 12,516    
Accrued interest, related party - subject to compromise    
Accrued interest    
Related party accounts payable and accrued expenses 45,818    
Related party accounts payable and accrued expenses- subject to compromise 92,840    
Related party notes payable - secured claim 25,000    
Convertible debentures, net of discounts of $387,965 - secured claim    
Billings in excess of costs and estimated earnings on uncompleted contracts 111,353    
Deferred revenue 167,002    
Conversion option liabilities 376,115    
Total current liabilities 1,029,721    
Debtor in possession financing    
Convertible debentures, net of discounts of $782,653 1,717,348    
Total liabilities 2,747,069    
Commitments and Contingencies    
Stockholders' equity (deficit):      
Preferred stock, value 5,405,010  
Common stock, value 4,913  
Additional paid-in capital 1,141,605  
Accumulated deficit (543,206)    
Total stockholders' equity (deficit) 6,008,322    
Totals 8,755,391    
Predecessor      
Current assets:      
Cash and cash equivalents   466,997 $ 884,188
Short-term investment   30,003  
Accounts receivable, net   86,035  
Costs and estimated earnings in excess of billings on uncompleted contracts    
Prepaid expenses    
Inventory   158,181  
Total current assets   741,216  
Equipment, net   7,229  
Security deposit   3,900  
Debt issuance costs, net   5,204  
Goodwill    
Intangible assets, net    
Totals   757,549  
Current liabilities:      
Accounts payable and accrued expenses   41,163  
Accounts payable and accrued expenses - subject to compromise   120,325  
Accrued interest, related party - subject to compromise   43,301  
Accrued interest   173,147  
Related party accounts payable and accrued expenses    
Related party accounts payable and accrued expenses- subject to compromise   370,151  
Related party notes payable - secured claim   73,500  
Convertible debentures, net of discounts of $387,965 - secured claim   5,017,045  
Billings in excess of costs and estimated earnings on uncompleted contracts   28,024  
Deferred revenue   170,530  
Conversion option liabilities    
Total current liabilities   6,037,186  
Debtor in possession financing   600,000  
Convertible debentures, net of discounts of $782,653    
Total liabilities   6,637,186  
Commitments and Contingencies    
Stockholders' equity (deficit):      
Preferred stock, value  
Common stock, value 429,189  
Additional paid-in capital 7,171,683  
Accumulated deficit   (13,480,509)  
Total stockholders' equity (deficit)   (5,879,637)  
Totals   $ 757,549