Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash $ 585,676 $ 35,696
Inventory 958,575 958,575
Deposits and other assets 87,134 92,829
Prepaid expenses 17,754 19,862
Total current assets 1,649,139 1,106,962
PROPERTY AND EQUIPMENT, net 17,272 20,611
INTANGIBLE ASSETS, net 423,642 419,518
TOTAL ASSETS 2,090,053 1,547,091
CURRENT LIABILITIES    
Accrued payroll and payroll related expenses 3,490,267 3,555,961
Accounts payable 643,340 651,991
Fees payable to directors 418,546 418,546
Employee settlement $ 50,000 50,000
Other current liabilities   85,004
Total current liabilities $ 4,602,153 $ 4,761,502
COMMITMENTS AND CONTINGENCIES    
Total liabilities $ 4,602,153 $ 4,761,502
STOCKHOLDERS' DEFICIT    
Common stock - $0.001 par value; 400,000,000 shares authorized, 67,747,771 and 63,885,930 shares issued and outstanding as of June 30, 2015, and December 31, 2014, respectively 67,748 63,886
Additional paid-in-capital $ 49,012,854 46,908,249
Deferred compensation   (294,264)
Accumulated deficit $ (51,592,702) (49,892,282)
Total stockholders' deficit (2,512,100) (3,214,411)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 2,090,053 $ 1,547,091