v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 41,458 $ 29,625
Accounts receivable 121,306 229,402
Inventories, net of $342,496 reserve at June 30, 2020 and December 31, 2019 614,863 617,716
Loan receivable 531,250
Prepaid expenses and other current assets 192,605 213,549
Total current assets 1,501,482 1,090,292
Investment in equity securities 362,905 16,643
Property and equipment, net 26,275 55,590
Right of use asset leases 40,659 76,586
Intangible assets, net 533,654 576,923
TOTAL ASSETS 2,464,975 1,816,034
CURRENT LIABILITIES    
Accounts payable 809,837 815,764
Accrued employee compensation 392,425 451,200
Accrued professional fees and other 1,866,083 1,658,452
Accrued interest 5,076,790 2,949,621
Deferred revenue 36,888 23,248
Operating lease liability 40,659 76,586
Convertible debt, net of unamortized discounts of $3,923,549 and $619,227, respectively 6,224,450 6,121,338
Other debt, net of unamortized discounts of $0 and $1,769, respectively 1,577,328 1,675,667
Other related party debt 90,000 81,500
Total current liabilities 16,114,460 13,853,376
LONG TERM LIABILITIES    
Long term debt 527,039
Deferred revenue 35,462 18,065
TOTAL LIABILITIES 16,676,961 13,871,441
COMMITMENTS AND CONTINGENCIES (Note 4)
STOCKHOLDERS' DEFICIT    
Common stock, $.01 par value; 100,000,000 shares authorized; 3,207,285 and 2,549,620 shares issued and outstanding on June 30, 2020 and December 31, 2019 respectively 32,072 25,496
Warrants to acquire common stock 26,527,615 22,599,177
Additional paid-in capital 47,413,735 44,261,105
Accumulated deficit (88,186,500) (78,942,277)
Total stockholders' deficit (14,211,986) (12,055,407)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 2,464,975 1,816,034
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 $ 80 $ 80

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