Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Assets    
Cash and cash equivalents $ 171,739 $ 132,103
Restricted cash 264,960 475,657
Accounts receivables, net 92,644 122,972
Income tax receivable   362,218
Inventory, net 475,592 266,628
Prepaid expenses and other current assets 113,331 139,883
Total current assets 1,118,266 1,499,461
Property and equipment, net 148,686 228,202
Total assets 1,266,952 1,727,663
Liabilities and Shareholders' Equity (Deficit)    
Accounts payable and accrued expenses 1,740,216 1,514,885
Short term notes payable 53,092 98,906
Deferred revenue 152,962 13,188
Convertible revolving note payable to shareholder 7,500,000  
Total current liabilities 9,446,270 1,626,979
Revolving note payable to shareholder   2,000,000
Total liabilities 9,446,270 3,626,979
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 and 15,000,000 shares authorized at December 31, 2011 and 2010, respectively; 5,894,176 and 5,663,076 shares issued and outstanding at December 31, 2011 and December 31, 2010, respectively. 5,894 5,663
Additional paid-in capital 32,810,704 31,412,069
Accumulated deficit (40,995,916) (33,317,048)
Total shareholders' equity (deficit) (8,179,318) (1,899,316)
Total liabilities and shareholders' equity (deficit) $ 1,266,952 $ 1,727,663