Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 3,519,735 $ 9,244,006
Accounts receivable 487,104 468,949
Inventory, net 2,122,523 1,965,039
Prepaid expenses and other current assets 157,350 29,220
Total current assets 6,286,712 11,707,214
Property and equipment, net 432,857 482,970
Software license inventory 877,400 910,000
Other assets 261,180 285,498
Total assets 7,858,149 13,385,682
Current liabilities:    
Accounts payable 585,202 997,090
Accrued compensation 360,055 $ 323,644
Accrued restructuring charges 36,863  
Other accrued liabilities 1,136,595 $ 1,297,712
Derivative liabilities 3,167,268 2,198,162
Deferred product and service revenues 73,220 $ 102,710
Senior secured note payable, net of unamortized discount of $171,848 4,117,596  
Total current liabilities 9,476,799 $ 4,919,318
Accrued interest $ 490,000 876,025
Senior secured note payable, net of unamortized discount of $271,305   4,018,138
Total liabilities $ 13,739,245 $ 13,486,012
Commitments and contingencies    
Stockholders' deficit:    
Common stock, $0.01 par value; 200,000,000 shares authorized; 74,912,267 shares issued and outstanding at June 30, 2015; and 74,842,428 issued and outstanding at December 31, 2014 $ 749,122 $ 748,424
Additional paid-in capital 77,652,521 76,428,580
Accumulated deficit (84,282,739) (77,277,334)
Total stockholders' deficit (5,881,096) (100,330)
Total liabilities and stockholders' deficit 7,858,149 13,385,682
2010 Junior Secured Notes Payable [Member]    
Current liabilities:    
Junior secured notes payable 384,106 316,829
2014 Junior Secured Notes Payable [Member]    
Current liabilities:    
Junior secured notes payable $ 3,388,340 $ 3,355,701