v3.19.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 269,714 $ 103,118
Accounts receivable 443,162 474,830
Inventories, net of $273,547 reserve at March 31, 2019 and at December 31, 2018 753,132 765,478
Prepaid expenses and other current assets 183,341 170,734
Total current assets 1,649,349 1,514,160
Investment in equity securities 16,643 16,643
Property and equipment, net 79,932 69,272
Right of use asset 122,792 136,385
Intangible assets, net 641,827 663,462
TOTAL ASSETS 2,510,543 2,399,922
CURRENT LIABILITIES    
Accounts payable 474,418 658,856
Accrued employee compensation 394,980 456,932
Accrued professional fees and other 1,172,115 1,112,995
Other current liabilities 1,584,507 1,233,325
Deferred revenue 36,952 20,623
Operating lease liability 63,614 59,799
Convertible debt, net of unamortized debt discounts of $239,675 and $156,180, respectively 4,504,188 4,000,805
Other debt, net of unamortized discounts of $10,011 and $9,118, respectively 944,374 852,315
Related party debt other 15,000 15,000
Total current liabilities 9,190,148 8,410,650
LONG TERM LIABILITIES    
Operating lease liability, net of current portion 59,178 76,586
Deferred revenue 33,958 37,757
TOTAL LIABILITIES 9,283,284 8,524,993
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' DEFICIT    
Common stock, $.01 par value; 100,000,000 shares authorized; 1,768,492 and 1,684,182 shares issued and outstanding on March 31, 2019 and December 31, 2018, respectively 17,685 16,842
Warrants to acquire common stock 20,706,539 19,807,247
Additional paid-in capital 40,640,273 39,777,301
Accumulated deficit (68,138,321) (65,727,538)
Total stockholders' deficit (6,772,742) (6,125,071)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 2,510,542 2,399,922
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 3 3
Series G Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 806 806
Series H Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 100 100
Series H2 Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value
Series J Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 35 35
Series K Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value 68 68
Series AA Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock, value $ 71 $ 65

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