Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 163,670 $ 491,988
Accounts receivable, net of allowance for doubtful accounts of $478 and $4,978 as of June 30, 2015 and December 31, 2014 12,530 12,626
Prepaid loan costs 295,105 487,271
Prepaid expenses, other 45,385 50,809
Inventory 1,379,178 1,459,306
Total current assets 1,895,868 2,502,000
Property and equipment:    
Fixed assets, net of accumulated depreciation of $154,356 and $116,863 as of June 30, 2015 and December 31, 2014 229,983 255,260
Rent and utility deposits 11,180 11,180
Total assets 2,165,553 2,797,862
Current liabilities:    
Accounts payable and accrued expenses 421,705 235,555
Deferred revenue 11,481 4,513
Accrued interest    
Related 3,382 14,071
Unrelated 50,051 311,603
Derivative Liability 3,032,501 0
Total current liabilities 7,860,983 6,270,233
Stockholders’ deficit:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.001 par value, 100,000,000 shares authorized; issued and outstanding of 56,381,367 and 41,416,113 at June 30, 2015 and December 31, 2014 56,382 41,416
Common stock owed but not issued: 897,333 and 1,127,859 at June 30, 2015 and December 31, 2014 897 1,128
Paid in capital 20,274,334 9,997,061
Accumulated deficit (26,027,043) (13,511,976)
Total stockholders’ deficit (5,695,430) (3,472,371)
Total liabilities and stockholders’ deficit 2,165,553 2,797,862
Related 274,840 246,548
Unrelated 4,067,023 5,457,943
Website [Member]    
Property and equipment:    
Intangible Assets 0 0
Patents [Member]    
Property and equipment:    
Intangible Assets $ 28,522 $ 29,422