v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 31,819 $ 29,625
Accounts receivable 120,930 229,402
Inventories, net of $342,496 reserve at March 31, 2020 and December 31, 2019 655,790 617,716
Prepaid expenses and other current assets 203,850 213,549
Total current assets 1,012,389 1,090,292
Investment in equity securities 166,014 16,643
Property and equipment, net 32,225 55,590
Right of use asset leases 59,178 76,586
Intangible assets, net 555,288 576,923
TOTAL ASSETS 1,825,094 1,816,034
CURRENT LIABILITIES    
Accounts payable 870,227 815,764
Accrued employee compensation 415,315 451,200
Accrued professional fees and other 1,680,587 1,658,452
Accrued interest 3,766,366 2,949,621
Deferred revenue 28,504 23,248
Convertible debt, net of unamortized debt discounts of $1,843,315 and $619,227, respectively 6,607,100 6,121,338
Other debt, net of unamortized discounts of $0 and $1,769, respectively 1,926,083 1,675,667
Other related party debt 90,000 81,500
Operating lease liability 59,178 76,586
Total current liabilities 15,443,360 13,853,376
LONG TERM LIABILITIES    
Deferred revenue 41,667 18,065
TOTAL LIABILITIES 15,485,027 13,871,441
COMMITMENTS AND CONTINGENCIES (Note 4)
STOCKHOLDERS' DEFICIT    
Common stock, $.01 par value; 100,000,000 shares authorized; 2,664,641 and 2,549,620 shares issued and outstanding on March 31, 2020 and December 31, 2019, respectively 26,646 25,496
Warrants to acquire common stock 24,413,330 22,599,177
Additional paid-in capital 45,119,747 44,261,105
Accumulated deficit (83,220,748) (78,942,277)
Total stockholders' deficit (13,659,933) (12,055,407)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 1,825,094 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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