|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Current Assets |
|
|
| Cash |
$ 31,303 |
$ 59,821 |
| Trade accounts receivable, net of allowance for doubtful accounts of $6474 and $2,754 |
212,660 |
144,347 |
| Inventory |
206,926 |
290,508 |
| Prepaid expenses and other current assets |
208,063 |
429,102 |
| Total Current Assets |
658,952 |
923,778 |
| Fixed assets, net |
706,197 |
827,389 |
| Intangible and Other assets: |
|
|
| Trademarks |
251,157 |
251,157 |
| Patents, net of accumulated amortization |
444,095 |
502,895 |
| Website, net of accumulated amortization |
1,680 |
2,772 |
| Security deposits |
53,169 |
53,169 |
| Total Intangible and Other assets |
750,101 |
809,993 |
| TOTAL ASSETS |
2,115,250 |
2,561,160 |
| Current Liabilities |
|
|
| Accounts payable |
254,024 |
187,789 |
| Accrued interest: Related Party |
238,299 |
107,176 |
| Accrued interest: Other |
147,984 |
87,962 |
| Accrued liabilities |
1,776,867 |
1,198,463 |
| Other current liabilities |
61,576 |
241,918 |
| Notes payable: Related Party |
2,373,556 |
1,732,812 |
| Notes payable: Other |
578,186 |
462,690 |
| TOTAL CURRENT AND TOTAL LIABILITIES |
5,430,492 |
4,018,810 |
| STOCKHOLDERS' DEFICIENCY |
|
|
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 16.2 and 39.3 issued and outstanding as at December 31, 2013 and 2012 respectively |
1 |
1 |
| Common Stock, $0.0001 par value, 25,000,000 shares authorized at December 31, 2013 and 2012, 6,757,225 and 6,020,555 shares issued and outstanding at December 31, 2013 and 2012 respectively |
675 |
602 |
| Additional Paid-in Capital |
13,762,689 |
13,141,489 |
| Treasury Stock (103,334 and 68,889 shares of Common Stock as at December 31, 2013 and 2012 respectively, at cost) |
(1,033) |
(1,033) |
| Accumulated Deficit |
(17,032,405) |
(14,587,914) |
| Accumulated Other Comprehensive Income |
(45,170) |
(10,795) |
| Total Stockholders' Deficiency |
(3,315,243) |
(1,457,650) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY |
$ 2,115,250 |
$ 2,561,160 |