v3.8.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 81,162 $ 81,033
Accounts receivable 322,584 206,848
Inventories, net of $159,650 reserve at March 31, 2018 and $179,600 at December 31, 2017 892,407 857,662
Prepaid expenses and other current assets 199,272 222,158
Total current assets 1,495,425 1,367,701
Intangible assets, net of amortization of $21,635 and $0, respectively 728,365 750,000
Investment in available-for-sale equity securities 15,095 19,825
Property and equipment, net 20,798 22,662
TOTAL ASSETS 2,259,683 2,160,188
CURRENT LIABILITIES    
Accounts payable 641,086 589,263
Accrued employee compensation 353,032 368,700
Accrued professional fees and other 796,487 800,620
Other current liabilities 2,003,603 1,536,507
Deferred revenue 235,311 263,106
Revolving note payable 4,000,000 3,500,000
Related party debt, net of debt discount of $7,151 and $0, respectively 42,849
Related party convertible debt, net of debt discount of $34,973 and $31,372, respectively 256,161 259,762
Convertible debt, net of unamortized debt discounts of $327,170 and $401,856, respectively 8,914,450 8,028,014
Other debt, net of unamortized discounts of $30,175 and $48,194, respectively 1,448,673 1,379,863
Total current liabilities 18,691,652 16,725,835
LONG TERM LIABILITIES    
Deferred revenue 49,537 57,149
TOTAL LIABILITIES 18,741,189 16,782,984
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' DEFICIT    
Common stock, $.01 par value; 100,000,000 shares authorized; 1,388,214 and 1,342,858 shares issued and outstanding on March 31, 2018 and December 31, 2017, respectively 13,882 13,429
Warrants to acquire common stock 9,996,929 9,878,513
Additional paid-in capital 31,087,624 30,833,549
Accumulated deficit (57,580,953) (55,349,299)
Total stockholders' deficit (16,481,506) (14,622,796)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 2,259,683 2,160,188
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock 3 3
Series G Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock 806 806
Series H Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock 100 100
Series H2 Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock
Series J Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock 35 35
Series K Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock 68 68
Series AA Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Convertible Preferred Stock

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