Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 55,734 $ 186,864
Accounts receivable 26,739 19,200
Prepaid expenses and other current assets 117,346 80,386
Inventory 200,751 228,256
Total current assets 400,570 514,706
Other assets:    
Equipment, net of depreciation 480,391 369,775
Intangible assets, net of amortization 1,785,716 2,053,572
Total other assets 2,266,107 2,423,347
Total assets 2,666,677 2,938,053
Current liabilities:    
Accounts payable 144,558 77,028
Accrued liabilities 130,165 258,006
Advance payment   155,497
Loan payable, current 54,767 41,186
Current portion of notes payable 250,000 590,000
Revolving line of credit 229,980  
Total current liabilities 809,470 1,121,717
Long-term liabilities:    
Loan payable 149,413 145,458
Unsecured notes payable 1,824,561  
Total long-term liabilities 1,973,974 145,458
Total liabilities 2,783,444 1,267,175
Commitments and contingencies      
Stockholders' equity:    
Preferred stock value 88 101
Common stock value 843 808
Additional paid-in capital 9,884,774 8,483,727
Accumulated deficit (10,002,472) (6,813,758)
Total stockholders' equity (116,767) 1,670,878
Total liabilities and stockholders' equity $ 2,666,677 $ 2,938,053