Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 82,248 $ 186,864
Accounts receivable 20,345 19,200
Prepaid expenses and other current assets 111,934 80,386
Inventory 263,780 228,256
Total current assets 478,307 514,706
Other assets:    
Equipment, net of depreciation 465,026 369,775
Intangible assets, net of amortization 1,964,287 2,053,572
Total other assets 2,429,313 2,423,347
Total assets 2,907,620 2,938,053
Current liabilities:    
Accounts payable 82,688 77,028
Accrued liabilities 160,242 258,006
Advance payment   155,497
Loan payable, current 41,572 41,186
Current portion of notes payable 500,000 590,000
Total current liabilities 784,502 1,121,717
Long-term liabilities:    
Loan payable 134,615 145,458
Revolving line of credit 229,980  
Unsecured notes payable 728,908  
Total long-term liabilities 1,093,503 145,458
Total liabilities 1,878,005 1,267,175
Commitments and contingencies      
Stockholders' equity:    
Preferred stock value 93 101
Common stock value 827 808
Additional paid-in capital 9,247,645 8,483,727
Accumulated deficit during development stage 8,218,950 6,813,758
Total stockholders' equity 1,029,615 1,670,878
Total liabilities and stockholders' equity $ 2,907,620 $ 2,938,053