General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
ASSETS      
Cash and cash equivalents $ 15,492 $ 222,775 $ 552,849
Restricted cash   0 20,014
Accounts receivable, net of allowances 203,998 269,237 233,846
Inventories 1,021,295 1,069,013 1,104,056
Prepaid income taxes 8,181 4,739 1,442
Prepaid expenses and other current assets 269,828 143,591 296,756
Total current assets 1,518,794 1,709,355 2,208,963
PROPERTY AND EQUIPMENT, NET 72,006 89,171 192,777
OTHER ASSETS      
Deposits 6,472 6,472 6,472
Intangible assets, net 121,604 133,762 182,394
TOTAL ASSETS 1,718,876 1,938,760 2,590,606
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)      
Accounts payable 1,129,515 890,676 234,568
Accrued employee compensation 224,766 180,437 172,251
Accrued professional fees and other 270,792 247,738 337,698
Deferred revenue 37,358 36,669 27,153
Promissory note 150,000 150,000 0
Convertible debt, net of unamortized discount 56,139 394,912 0
Warrant derivative liabilities 478,565 436,553 0
Total current liabilities 2,347,135 2,336,985 771,670
LONG TERM LIABILITIES      
Deferred revenue 7,579 10,111 9,427
TOTAL LIABILITIES 2,354,714 2,347,096 781,097
COMMITMENTS AND CONTINGENCIES         
STOCKHOLDERS' EQUITY (DEFICIT)      
Common stock value 84,999 67,240 27,118
Warrants to acquire preferred stock and common stock 2,510,504 2,203,101 1,248,909
Additional paid-in capital 14,358,536 13,823,875 12,095,237
Accumulated deficit (17,590,761) (16,503,440) (11,565,263)
Total stockholders' equity (deficit) (635,838) (408,336) 1,809,509
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 1,718,876 1,938,760 2,590,606
Series A Convertible Preferred Stock [Member]
      
STOCKHOLDERS' EQUITY (DEFICIT)      
Convertible preferred stock   0 2,621
Series B Convertible Preferred Stock [Member]
      
STOCKHOLDERS' EQUITY (DEFICIT)      
Convertible preferred stock   0 887
Series C Convertible Preferred Stock [Member]
      
STOCKHOLDERS' EQUITY (DEFICIT)      
Convertible preferred stock 881 881 0
Series D Convertible Preferred Stock [Member]
      
STOCKHOLDERS' EQUITY (DEFICIT)      
Convertible preferred stock $ 3 $ 7 $ 0