Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 3,582,227 $ 5,408,523
Accounts receivable 1,497,537 1,218,043
Inventory, net 1,570,078 1,807,895
Prepaid expenses and other current assets 115,364 97,249
Total current assets 6,765,206 8,531,710
Property and equipment, net 459,259 440,606
Software license inventory 989,600 937,100
Other assets 77,446 27,306
Total assets 8,291,511 9,936,722
Current liabilities:    
Accounts payable 818,047 697,807
Accrued compensation 455,915 557,784
Other accrued liabilities 1,305,943 1,398,707
Derivative liabilities 498,168 658,286
Deferred product and service revenues $ 151,706 116,009
Senior secured note payable, net of unamortized discount of $64,835 at December 31, 2015 4,224,609
Total current liabilities $ 3,229,779 7,653,202
Accrued interest 577,125 $ 542,500
Senior secured note payable 4,289,444
Total liabilities $ 11,905,430 $ 11,917,861
Commitments and contingencies
Stockholders' deficit:    
Common stock, $0.01 par value; 200,000,000 shares authorized; 91,916,634 shares issued and outstanding at March 31, 2016; and 91,381,488 issued and outstanding at December 31, 2015 $ 919,165 $ 913,814
Additional paid-in capital 83,237,314 82,831,627
Accumulated deficit (87,770,398) (85,726,580)
Total stockholders' deficit (3,613,919) (1,981,139)
Total liabilities and stockholders' deficit 8,291,511 9,936,722
12% Junior Secured Notes Payable 2014 [Member]    
Current liabilities:    
Junior secured notes payable 3,290,592 3,257,389
Junior Secured Notes Payable 2010 [Member]    
Current liabilities:    
Junior secured notes payable $ 518,490 $ 464,770