Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 6,738,734 $ 10,448,921
Accounts receivables, net 19,367 15,608
Inventory, net 299,316 439,189
Prepaid expenses and other current assets 173,252 119,410
Total current assets 7,230,669 11,023,128
Property and equipment, net 159,263 109,292
Total assets 7,389,932 11,132,420
Current liabilities:    
Accounts payable and accrued expenses 761,830 710,210
Short-term notes payable 109,510 64,840
Convertible note payable to shareholder 5,000,000  
Deferred revenue 15,339 21,222
Total current liabilities $ 5,886,679 $ 796,272
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 shares authorized 36,477,536 and 36,178,944 shares issued and outstanding at September 30, 2015 and December 31, 2014 $ 36,478 $ 36,179
Additional paid-in capital 86,903,334 86,244,604
Accumulated deficit (85,436,559) (75,944,635)
Total shareholders' equity 1,503,253 10,336,148
Total liabilities and shareholders' equity $ 7,389,932 $ 11,132,420