Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 39,899 $ 186,864
Accounts receivable 99,030 19,200
Prepaid expenses and other current assets 120,822 80,386
Inventory 206,277 228,256
Total current assets 466,028 514,706
Other assets:    
Equipment, net of depreciation 443,668 369,775
Intangible assets, net of amortization 1,875,002 2,053,572
Total other assets 2,318,670 2,423,347
Total assets 2,784,698 2,938,053
Current liabilities:    
Accounts payable 111,962 77,028
Accrued liabilities 155,474 258,006
Advance payment   155,497
Loan payable, current 44,290 41,186
Current portion of notes payable 250,000 590,000
Total current liabilities 561,726 1,121,717
Long-term liabilities:    
Loan payable 123,669 145,458
Revolving line of credit 229,980  
Unsecured notes payable 1,246,335  
Total long-term liabilities 1,599,984 145,458
Total liabilities 2,161,710 1,267,175
Commitments and contingencies      
Stockholders' equity:    
Preferred stock value 89 101
Common stock value 843 808
Additional paid-in capital 9,752,689 8,483,727
Accumulated deficit (9,130,633) (6,813,758)
Total stockholders' equity 622,988 1,670,878
Total liabilities and stockholders' equity $ 2,784,698 $ 2,938,053