Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 14,638,954 $ 16,276,510
Accounts receivable, net 42,884 64,434
Inventory, net 265,883 288,383
Prepaid expenses and other current assets 154,362 175,242
Total current assets 15,102,083 16,804,569
Property and equipment, net 39,315 26,913
Total assets 15,141,398 16,831,482
Current liabilities:    
Accounts payable and accrued expenses 807,376 909,957
Short-term notes payable 80,326 64,051
Deferred revenue 50,400 18,839
Total current liabilities 938,102 992,847
Shareholders' equity:    
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; 36,128,944 and 35,993,944 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 36,129 35,994
Additional paid-in capital 85,963,167 85,957,757
Accumulated deficit (71,796,000) (70,155,116)
Total shareholders' equity 14,203,296 15,838,635
Total liabilities and shareholders' equity $ 15,141,398 $ 16,831,482