Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 9,925,967 $ 171,739
Restricted cash 61,763 264,960
Accounts receivable, net 69,795 92,644
Inventory, net 124,178 475,592
Prepaid expenses and other current assets 221,838 113,331
Total current assets 10,403,541 1,118,266
Property and equipment, net 84,591 148,686
Total assets 10,488,132 1,266,952
Current liabilities:    
Accounts payable and accrued expenses 1,157,520 1,740,216
Short term notes payable 47,977 53,092
Deferred revenue 50,989 152,962
Convertible revolving note payable to shareholder   7,500,000
Total current liabilities 1,256,486 9,446,270
Shareholders' equity (deficit):    
Preferred stock, no par value; 20,000,000 shares authorized; none issued and outstanding      
Common stock, $0.001 par value; 50,000,000 shares authorized; 27,382,830 and 5,894,176 shares issued and outstanding at December 31, 2012 and December 31, 2011, respectively 27,383 5,894
Additional paid-in capital 63,290,625 32,810,704
Accumulated deficit (54,086,362) (40,995,916)
Total shareholders' equity (deficit) 9,231,646 (8,179,318)
Total liabilities and shareholders' equity (deficit) $ 10,488,132 $ 1,266,952