Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 15,097 $ 21,234
Accounts receivable 11,613 4,095
Prepaid expenses and other current assets 5,970 131,862
Inventory 141,484 222,018
Consigned inventory 38,963  
Assets held for sale 109,500  
Total current assets 322,627 379,209
Other assets:    
Equipment, net of depreciation 175,517 466,413
Intangible assets, net of amortization   1,696,430
Total other assets 175,517 2,162,843
Total assets 498,144 2,542,052
Current liabilities:    
Accounts payable 190,726 190,168
Accrued liabilities 101,140 105,613
Deferred revenue 22,500 58,165
Interest payable 104,150 19,541
Income taxes payable 175 100
Liability related to assets held for sale 43,549  
Loan payable, current 44,813 56,486
Senior secured notes payable 947,361 160,000
Revolving line of credit 229,980 229,980
Current portion of unsecured notes payable 404,212 20,000
Total current liabilities 2,088,606 840,053
Long-term liabilities:    
Loan payable 27,507 133,834
Unsecured notes payable   360,232
Total long-term liabilities 27,507 494,066
Total liabilities $ 2,116,113 $ 1,334,119
Commitments and contingencies
Stockholders' equity:    
Preferred stock value $ 18 $ 18
Common stock value 1,102 1,095
Additional paid-in capital 14,309,615 14,111,944
Accumulated deficit (15,928,704) (12,905,124)
Total stockholders' equity (1,617,969) 1,207,933
Total liabilities and stockholders' equity $ 498,144 $ 2,542,052