Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 967,944 $ 171,739
Restricted cash 294,104 264,960
Accounts receivable, net 63,314 92,644
Inventory, net 362,985 475,592
Prepaid expenses and other current assets 123,852 113,331
Total current assets 1,812,199 1,118,266
Property and equipment, net 129,121 148,686
Total assets 1,941,320 1,266,952
Current liabilities:    
Accounts payable and accrued expenses 1,264,895 1,740,216
Short term notes payable 71,578 53,092
Deferred revenue 145,196 152,962
Convertible secured note payable to shareholder   7,500,000
Total current liabilities 1,481,669 9,446,270
Note payable to shareholder 773,904  
Shareholders' deficit:    
Preferred stock, no par value; 20,000,000 shares authorized; none issued and outstanding      
Common stock, $0.001 par value; 15,000,000 shares authorized; 12,174,795 and 5,894,176 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 12,175 5,894
Additional paid-in capital 42,286,396 32,810,704
Accumulated deficit (42,612,824) (40,995,916)
Total shareholders' deficit (314,253) (8,179,318)
Total liabilities and shareholders' deficit $ 1,941,320 $ 1,266,952