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

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS      
Cash $ 733,319 $ 222,410 $ 7,799
Inventory 958,575 986,674 986,674
Deposits and other assets 92,231 94,220 39,704
Prepaid expenses 64,574 14,380 11,183
Total current assets 1,848,699 1,317,684 1,045,360
NON-CURRENT ASSETS      
PROPERTY AND EQUIPMENT, net 22,434 26,041 1,404
INTANGIBLE ASSETS, net 422,221 424,757 435,010
Total non-current assets   450,798 436,414
TOTAL ASSETS 2,293,354 1,768,482 1,481,774
CURRENT LIABILITIES      
Accrued payroll and payroll related expenses 3,575,591 3,774,580 3,696,897
Notes payable, current portion, net of discount of $0, $4,592 and $65,173 as of September 30, 2014, December 31, 2013 and December 31, 2012, respectively    9,039,444 3,609,098
Accounts payable 528,809 682,319 712,186
Accrued interest    657,092 673,975
Fees payable to directors 418,546 468,546 533,001
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 4,582,946 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 4,582,946 14,704,594 10,066,598
STOCKHOLDERS' DEFICIT      
Common stock value 63,636 33,229 [1] 9,488
Additional paid-in-capital 46,201,645 19,867,961 [1] 19,881,825
Deferred compensation (470,823)    (28,536,492)
Accumulated deficit (48,084,050) (32,897,657)  
Total stockholders' deficit (2,289,592) (12,936,112) (8,584,824)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 2,293,354 1,768,482 1,481,774
Preferred Series A [Member]
      
STOCKHOLDERS' DEFICIT      
Preferred stock value    40,118 40,118
Preferred Series B [Member]
      
STOCKHOLDERS' DEFICIT      
Preferred stock value    $ 20,237 $ 20,237
[1] December 31, 2013 retroactively adjusted to reflect effects of the reverse acquisition transaction.