Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 220,310us-gaap_CashAndCashEquivalentsAtCarryingValue $ 473,948us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 323,413us-gaap_AccountsReceivableNetCurrent 272,022us-gaap_AccountsReceivableNetCurrent
Inventories, net of $50,000 reserve at March 31, 2015 and December 31, 2014 798,995us-gaap_InventoryNet 850,552us-gaap_InventoryNet
Prepaid income taxes 7,381us-gaap_PrepaidTaxes 7,381us-gaap_PrepaidTaxes
Prepaid expenses and other current assets 127,040us-gaap_PrepaidExpenseAndOtherAssetsCurrent 104,204us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 1,477,139us-gaap_AssetsCurrent 1,708,107us-gaap_AssetsCurrent
Property and equipment, net 29,106us-gaap_PropertyPlantAndEquipmentNet 36,025us-gaap_PropertyPlantAndEquipmentNet
TOTAL ASSETS 1,506,245us-gaap_Assets 1,744,132us-gaap_Assets
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable 920,111us-gaap_AccountsPayableCurrent 1,035,781us-gaap_AccountsPayableCurrent
Accrued employee compensation 157,331us-gaap_EmployeeRelatedLiabilitiesCurrent 157,347us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued professional fees and other 809,332us-gaap_AccruedLiabilitiesCurrent 719,432us-gaap_AccruedLiabilitiesCurrent
Deferred revenue 54,274us-gaap_DeferredRevenueCurrent 27,117us-gaap_DeferredRevenueCurrent
Convertible debt, net of debt discount of $915,052 and $328,681, respectively 906,902us-gaap_ShortTermBorrowings 1,004,513us-gaap_ShortTermBorrowings
Other debt 327,262us-gaap_OtherShortTermBorrowings 80,480us-gaap_OtherShortTermBorrowings
Warrant derivative liability 210,906us-gaap_DerivativeInstrumentsAndHedgesLiabilities 159,875us-gaap_DerivativeInstrumentsAndHedgesLiabilities
Conversion option liability 1,342,885pbio_ConversionOptionLiability1 590,341pbio_ConversionOptionLiability1
Total current liabilities 4,729,003us-gaap_LiabilitiesCurrent 3,774,886us-gaap_LiabilitiesCurrent
LONG TERM LIABILITIES    
Deferred revenue    28,977us-gaap_DeferredRevenueNoncurrent
TOTAL LIABILITIES 4,729,003us-gaap_Liabilities 3,803,863us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (Note 4)      
STOCKHOLDERS' DEFICIT    
Series D Convertible Preferred Stock, $.01 par value; 850 shares authorized; 300 shares issued and outstanding on March 31, 2015 and December 31, 2014 (Liquidation value of $300,000) 3pbio_SeriesCConvertiblePreferredStock 3pbio_SeriesCConvertiblePreferredStock
Series G Convertible Preferred Stock, $.01 par value; 240,000 shares authorized; 86,570 shares issued and outstanding on March 31, 2015 and December 31, 2014 866pbio_SeriesDConvertiblePreferredStock 866pbio_SeriesDConvertiblePreferredStock
Series H Convertible Preferred Stock, $.01 par value; 10,000 shares authorized; 10,000 shares issued and outstanding on March 31, 2015 and December 31, 2014 100pbio_SeriesHConvertiblePreferredStock.01ParValue10000SharesAuthorized0SharesIssuedAndOutstandingOnMarch312013AndOnDecember312012 100pbio_SeriesHConvertiblePreferredStock.01ParValue10000SharesAuthorized0SharesIssuedAndOutstandingOnMarch312013AndOnDecember312012
Series H2 Convertible Preferred Stock, $.01 par value; 21 shares authorized; 21 shares issued and outstanding on March 31, 2015 and December 31, 2014      
Series J Convertible Preferred Stock, $.01 par value; 6,250 shares authorized; 3,546 shares issued and outstanding on March 31, 2015 and December 31, 2014 36pbio_SeriesEConvertiblePreferredStock 36pbio_SeriesEConvertiblePreferredStock
Series K Convertible Preferred Stock, $.01 par value; 15,000 shares authorized; 11,416 shares issued and outstanding on March 31, 2015 and December 31, 2014 114pbio_SeriesKConvertiblePreferredStock0.01ParValue15000SharesAuthorized10729SharesIssuedAndOutstandingAtMarch312014And4000SharesIssuedAndOutstanding 114pbio_SeriesKConvertiblePreferredStock0.01ParValue15000SharesAuthorized10729SharesIssuedAndOutstandingAtMarch312014And4000SharesIssuedAndOutstanding
Common stock, $.01 par value; 65,000,000 shares authorized; 19,214,131 and 18,673,390 shares issued and outstanding on March 31, 2015 and December 31, 2014, respectively 192,141us-gaap_CommonStockValue 186,734us-gaap_CommonStockValue
Warrants to acquire common stock 5,300,310us-gaap_WarrantsAndRightsOutstanding 5,253,566us-gaap_WarrantsAndRightsOutstanding
Additional paid-in capital 25,466,508us-gaap_AdditionalPaidInCapital 24,617,564us-gaap_AdditionalPaidInCapital
Accumulated deficit (34,182,836)us-gaap_RetainedEarningsAccumulatedDeficit (32,118,714)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' deficit (3,222,758)us-gaap_StockholdersEquity (2,059,731)us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,506,245us-gaap_LiabilitiesAndStockholdersEquity $ 1,744,132us-gaap_LiabilitiesAndStockholdersEquity