|
Unaudited Condensed Consolidated Balance Sheets (USD $)
|
Feb. 28, 2014
|
Aug. 31, 2013
|
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 85,250 |
$ 39,456 |
| Accounts receivable (net of allowance of $6,000) |
252,548 |
108,319 |
| Inventory |
31,271 |
31,271 |
| Prepaid expenses and other current assets |
36,890 |
39,176 |
| Total current assets |
405,959 |
218,222 |
| Property and equipment (net of accumulated depreciation of $ $19,999 and $11,820) |
48,232 |
78,533 |
| Deposits and other assets |
55,050 |
10,050 |
| Goodwill |
1,781,779 |
1,696,425 |
| Patents, registrations (net of amortization of $94,921 and $91,859) |
27,558 |
30,620 |
| Total assets |
2,318,578 |
2,033,850 |
| Current liabilities: |
|
|
| Convertible notes payable (net of discount of $ $14,794 and $0) |
736,025 |
360,025 |
| Notes payable |
486,022 |
138,494 |
| Notes payable - related parties |
51,600 |
56,200 |
| Accounts payable and other accrued expenses |
863,070 |
895,664 |
| Accrued interest payable |
145,357 |
66,969 |
| Accrued interest payable - related parties |
4,760 |
65,743 |
| Total current liabilities |
2,286,834 |
1,583,095 |
| Long-term liabilities: |
|
|
| Notes payable |
554,355 |
811,500 |
| Convertible notes payable - related parties |
|
|
| Total long-term liabilities |
554,355 |
811,500 |
| Total liabilities |
2,841,189 |
2,394,595 |
| Stockholders' Deficit: |
|
|
| Common stock, par value $.001 per share; 200,000,000 shares authorized; 103,260,511 and 74,587,422 shares issued and outstanding at February 28, 2014 and August 31, 2013, respectively |
103,261 |
74,587 |
| Additional paid-in capital |
47,250,186 |
58,560,265 |
| Accumulated deficit prior to reentering development stage |
(47,876,266) |
(58,992,296) |
| Noncontrolling interest |
|
(3,489) |
| Total stockholders' deficit |
(522,611) |
(360,745) |
| Total liabilities and stockholders' deficit |
2,318,578 |
2,033,850 |
|
Series A Preferred Stock
|
|
|
| Stockholders' Deficit: |
|
|
| Preferred stock |
129 |
129 |
|
Series D Preferred Stock
|
|
|
| Stockholders' Deficit: |
|
|
| Preferred stock |
$ 79 |
$ 59 |