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

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS      
Cash $ 1,877,687 $ 222,410 $ 7,799
Inventory 986,674 986,674 986,674
Deposits and other assets 91,642 94,220 39,704
Prepaid expenses 66,801 14,380 11,183
Total current assets 3,022,804 1,317,684 1,045,360
NON-CURRENT ASSETS      
PROPERTY AND EQUIPMENT, net 22,583 26,041 1,404
INTANGIBLE ASSETS, net 418,589 424,757 435,010
Total non-current assets   450,798 436,414
TOTAL ASSETS 3,463,976 1,768,482 1,481,774
CURRENT LIABILITIES      
Accrued payroll and payroll related expenses 3,591,084 3,774,580 3,696,897
Notes payable, current portion, net of discount of $0, $4,592 and $65,173 as of June 30, 2014, December 31, 2013 and 2012, respectively    9,039,444 3,609,098
Accounts payable 585,781 682,319 712,186
Accrued interest    657,092 673,975
Fees payable to directors 423,754 468,546 533,001
Lease settlement payable, current portion      251,184
Employee settlement 50,000 50,000 50,000
Patent license payable, current 10,000 10,000 15,833
Other current liabilities    12,613 4,424
Total current liabilities 4,660,619 14,694,594 9,546,598
NON-CURRENT LIABILITIES      
Notes payable, less current portion      500,000
Patent license payable, less current portion    10,000 20,000
Total non-current liabilities    10,000 520,000
COMMITMENTS AND CONTINGENCIES         
Total liabilities 4,660,619 14,704,594 10,066,598
STOCKHOLDERS' EQUITY (DEFICIT)      
Common stock 63,496 33,229 [1] 9,488
Additional paid in capital 45,490,992 19,867,961 [1] 19,881,825
Deficit accumulated during the development stage     (28,536,492)
Deferred compensation (547,475)    
Accumulated deficit (46,203,656) (32,897,657)  
Total stockholders' equity (deficit) (1,196,643) (12,936,112) (8,584,824)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 3,463,976 1,768,482 1,481,774
Preferred Series A [Member]
      
STOCKHOLDERS' EQUITY (DEFICIT)      
Preferred Stock    40,118 40,118
Preferred Series B [Member]
      
STOCKHOLDERS' EQUITY (DEFICIT)      
Preferred Stock    $ 20,237 $ 20,237
[1] December 31, 2013 retroactively adjusted to reflect effects of the reverse acquisition transaction.