Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v2.4.1.9
Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 10,448,921us-gaap_CashAndCashEquivalentsAtCarryingValue $ 16,276,510us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivables, net 15,608us-gaap_AccountsReceivableNetCurrent 64,434us-gaap_AccountsReceivableNetCurrent
Inventory, net 439,189us-gaap_InventoryNet 288,383us-gaap_InventoryNet
Prepaid expenses and other current assets 119,410us-gaap_PrepaidExpenseAndOtherAssetsCurrent 175,242us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 11,023,128us-gaap_AssetsCurrent 16,804,569us-gaap_AssetsCurrent
Property and equipment, net 109,292us-gaap_PropertyPlantAndEquipmentNet 26,913us-gaap_PropertyPlantAndEquipmentNet
Total assets 11,132,420us-gaap_Assets 16,831,482us-gaap_Assets
Current liabilities:    
Accounts payable and accrued expenses 710,210us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 909,957us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Short-term notes payable 64,840us-gaap_ShortTermNonBankLoansAndNotesPayable 64,051us-gaap_ShortTermNonBankLoansAndNotesPayable
Deferred revenue 21,222us-gaap_DeferredRevenueCurrent 18,839us-gaap_DeferredRevenueCurrent
Total current liabilities 796,272us-gaap_LiabilitiesCurrent 992,847us-gaap_LiabilitiesCurrent
Shareholders' equity:    
Preferred stock, no par value; 20,000,000 shares authorized; none issued and outstanding      
Common stock, $0.001 par value; 100,000,000 and 50,000,000 shares authorized as of December 31, 2014 and 2013 respectively; 36,178,944 and 35,993,944 shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively 36,179us-gaap_CommonStockValue 35,994us-gaap_CommonStockValue
Additional paid-in capital 86,244,604us-gaap_AdditionalPaidInCapitalCommonStock 85,957,757us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (75,944,635)us-gaap_RetainedEarningsAccumulatedDeficit (70,155,116)us-gaap_RetainedEarningsAccumulatedDeficit
Total shareholders' equity 10,336,148us-gaap_StockholdersEquity 15,838,635us-gaap_StockholdersEquity
Total liabilities and shareholders' equity $ 11,132,420us-gaap_LiabilitiesAndStockholdersEquity $ 16,831,482us-gaap_LiabilitiesAndStockholdersEquity