Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 1,851,862 $ 9,244,006
Accounts receivable 837,441 468,949
Inventory, net 1,802,818 1,965,039
Prepaid expenses and other current assets 133,341 29,220
Total current assets 4,625,462 11,707,214
Property and equipment, net 495,084 482,970
Software license inventory 919,600 910,000
Other assets 232,982 285,498
Total assets 6,273,128 13,385,682
Current liabilities:    
Accounts payable 640,637 997,090
Accrued compensation 459,142 323,644
Other accrued liabilities 1,092,112 1,297,712
Derivative liabilities 1,216,939 2,198,162
Deferred product and service revenues 165,562 $ 102,710
Senior secured note payable, net of unamortized discount of $118,342 4,171,103
Total current liabilities 7,745,495 $ 4,919,318
Accrued interest $ 524,625 876,025
Senior secured note payable, net of unamortized discount of $271,305 4,018,139
Total liabilities $ 12,095,500 $ 13,486,012
Commitments and contingencies
Stockholders' deficit:    
Common stock, $0.01 par value; 200,000,000 shares authorized; 74,971,026 shares issued and outstanding at September 30, 2015; and 74,842,428 issued and outstanding at December 31, 2014 $ 749,709 $ 748,424
Additional paid-in capital 77,956,063 76,428,580
Accumulated deficit (84,528,144) (77,277,334)
Total stockholders' deficit (5,822,372) (100,330)
Total liabilities and stockholders' deficit 6,273,128 13,385,682
Junior Secured Notes Payable 2014 [Member]    
Current liabilities:    
Junior secured notes payable 3,407,636 3,355,701
Junior Secured Notes Payable 2010 [Member]    
Current liabilities:    
Junior secured notes payable $ 417,744 $ 316,829