Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 11,757,775 $ 171,739
Restricted cash 144,586 264,960
Accounts receivable, net 72,379 92,644
Inventory, net 279,949 475,592
Prepaid expenses and other current assets 236,402 113,331
Total current assets 12,491,091 1,118,266
Property and equipment, net 92,893 148,686
Total assets 12,583,984 1,266,952
Current liabilities:    
Accounts payable and accrued expenses 1,398,603 1,740,216
Short term notes payable 88,492 53,092
Deferred revenue 265,841 152,962
Convertible secured note payable to shareholder   7,500,000
Total current liabilities 1,752,936 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; 27,204,721 and 5,894,176 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively 27,205 5,894
Additional paid-in capital 62,901,379 32,810,704
Accumulated deficit (52,097,536) (40,995,916)
Total shareholders' equity (deficit) 10,831,048 (8,179,318)
Total liabilities and shareholders' equity (deficit) $ 12,583,984 $ 1,266,952