Registration of securities issued in business combination transactions

Condensed Consolidated Balance Sheets

v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS      
Cash $ 585,676 $ 35,696 $ 222,410
Inventory 958,575 958,575 986,674
Deposits and other assets 87,134 92,829 94,220
Prepaid expenses 17,754 19,862 14,380
Total current assets 1,649,139 1,106,962 1,317,684
PROPERTY AND EQUIPMENT, net 17,272 20,611 26,041
INTANGIBLE ASSETS, net 423,642 419,518 424,757
TOTAL ASSETS 2,090,053 1,547,091 1,768,482
CURRENT LIABILITIES      
Accrued payroll and payroll related expenses $ 3,490,267 $ 3,555,961 3,774,580
Notes payable, current portion, net of discount of $0, $0 and $4,592 as of June 30, 2015, December 31, 2014 and 2013, respectively     9,039,444
Accounts payable $ 643,340 $ 641,991 682,319
Accrued interest   0 657,092
Fees payable to directors $ 418,546 418,546 468,546
Employee settlement $ 50,000 50,000 50,000
Patent license payable, current   10,000 10,000
Other current liabilities   85,004 12,613
Total current liabilities $ 4,602,153 $ 4,761,502 14,694,594
NON-CURRENT LIABILITIES      
Patent license payable, less current portion     10,000
Total non-current liabilities   $ 0 $ 10,000
COMMITMENTS AND CONTINGENCIES      
Total liabilities $ 4,602,153 $ 4,761,502 $ 14,704,594
STOCKHOLDERS' DEFICIT      
Preferred stock      
Common stock - $0.001 par value; 400,000,000 shares authorized, 67,747,771, 63,635,930 and 33,229,093 shares issued and outstanding as of June 30, 2015, December 30, 2014 and December 31, 2013, respectively $ 67,748 $ 63,886 $ 33,229 [1]
Additional paid in capital $ 49,012,854 46,908,249 $ 19,867,961 [1]
Deferred compensation   (294,264)  
Accumulated deficit $ (51,592,702) (49,892,282) $ (32,897,657)
Total stockholders' deficit (2,512,100) (3,214,411) (12,936,112)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 2,090,053 $ 1,547,091 1,768,482
Preferred Series A [Member]      
STOCKHOLDERS' DEFICIT      
Preferred stock     40,118
Preferred Series B [Member]      
STOCKHOLDERS' DEFICIT      
Preferred stock     $ 20,237
[1] *December 31, 2013 retroactively adjusted to reflect effects of the reverse acquisition transaction.