Quarterly report pursuant to sections 13 or 15(d)

Balance Sheet (Unaudited)

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Balance Sheet (Unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 2,512,404 $ 3,387,428
Accounts receivable 42,600 99,786
Prepaid expenses and other current assets 47,044 153,681
Inventory 97,572 110,625
Total current assets 2,699,620 3,751,520
Property and equipment, net 17,841 15,176
Intangible assets 680,357 696,429
Goodwill 69,782 69,782
Other assets 2,125 2,125
Total assets 3,469,725 4,535,032
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 71,775 170,977
Accrued expenses and other current liabilities 242,851 720,965
Total current liabilities 314,626 891,942
Notes payable - related parties 297,820 297,820
Total liabilities 612,446 1,189,762
COMMITMENTS AND CONTINGENCIES (Note 7)      
Stockholders' equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized at March 31, 2014 and December 31, 2013, 38,378,516 and 37,362,160 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 38,378 37,362
Additional paid-in capital 11,684,226 10,606,810
Accumulated deficit (8,865,325) (7,298,902)
Total stockholders' equity 2,857,279 3,345,270
Total liabilities and stockholders' equity $ 3,469,725 $ 4,535,032