Registration of securities issued in business combination transactions

Condensed Consolidated Balance Sheets

v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS      
Cash $ 413,145 $ 35,696 $ 222,410
Inventory 958,575 958,575 986,674
Deposits and other assets 87,727 92,829 94,220
Prepaid expenses 7,473 19,862 14,380
Total current assets 1,466,920 1,106,962 1,317,684
PROPERTY AND EQUIPMENT, net 15,603 20,611 26,041
INTANGIBLE ASSETS, net 427,005 419,518 424,757
TOTAL ASSETS 1,909,528 1,547,091 1,768,482
CURRENT LIABILITIES      
Accrued payroll and payroll related expenses 3,469,219 $ 3,555,961 3,774,580
Notes payable, current portion, net of discount of $0 and $4,592 as of December 31, 2014 and 2013, respectively   9,039,444
Accounts payable 635,365 $ 651,991 682,319
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 $ 4,573,130 $ 4,761,502 14,694,594
NON-CURRENT LIABILITIES      
Patent license payable, less current portion 10,000
Total non-current liabilities $ 10,000
COMMITMENTS AND CONTINGENCIES
Total liabilities $ 4,573,130 $ 4,761,502 $ 14,704,594
STOCKHOLDERS' DEFICIT      
Preferred stock    
Common stock - $0.001 par value; 400,000,000 shares authorized, 69,011,494 and 63,885,930 shares issued and outstanding as of September 30, 2015, and December 31, 2014, respectively 69,012 63,886 $ 33,229 [1]
Additional paid-in-capital $ 49,603,549 46,908,249 $ 19,867,961 [1]
Deferred compensation (294,264)
Accumulated deficit $ (52,336,163) (49,892,282) $ (32,897,657)
Total stockholders' deficit (2,663,602) (3,214,411) (12,936,112)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,909,528 $ 1,547,091 1,768,482
Series A Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT      
Preferred stock   40,118
Series B Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT      
Preferred stock   $ 20,237
[1] December 31, 2013 retroactively adjusted to reflect effects of the reverse acquisition transaction.