|
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| Current assets |
|
|
|
| Cash and cash equivalents |
$ 3,089,132 |
[1] |
$ 3,937,135 |
| Accounts receivable |
103,353 |
[1] |
494,744 |
| Inventory |
69,133 |
[1] |
141,676 |
| Prepaid expenses and deposits |
42,328 |
[1] |
249,215 |
| Other receivables |
0 |
[1] |
99,447 |
| Total current assets |
3,303,946 |
[1] |
4,922,217 |
| Long term receivables |
0 |
[1] |
205,313 |
| Property and equipment - net |
94,241 |
[1] |
2,366,180 |
| TOTAL ASSETS |
3,398,187 |
[1] |
7,493,710 |
| Current liabilities |
|
|
|
| Accounts payable |
46,647 |
[1] |
318,330 |
| Accrued expenses |
73,676 |
[1] |
415,880 |
| Short term financing |
0 |
[1] |
212,526 |
| Accrued compensation |
99,129 |
[1] |
293,671 |
| Customer deposits |
14,190 |
[1] |
49,046 |
| Billings in excess of costs |
0 |
[1] |
2,152 |
| Total current liabilities |
233,642 |
[1] |
1,291,605 |
| Total liabilities |
233,642 |
[1] |
1,291,605 |
| Commitments and contingencies - See Note 9 |
|
[1] |
|
| Stockholders' equity |
|
|
|
| Series A Convertible Preferred Stock, $.001 par value, 2,000,000 shares authorized;107,172 shares issued and outstanding at September 30, 2012 and at December 31, 2011 |
107 |
[1] |
107 |
| Common stock, $.001 par value, 500,000,000 shares authorized; 91,735,662 shares issued and outstanding at September 30, 2012 and 91,670,192 at December 31, 2011 |
91,736 |
[1] |
91,670 |
| Additional paid-in capital |
79,208,069 |
[1] |
79,155,518 |
| Accumulated deficit |
(76,135,367) |
[1] |
(73,045,190) |
| Total stockholders' equity |
3,164,545 |
[1] |
6,202,105 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 3,398,187 |
[1] |
$ 7,493,710 |
|
|
|