Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet (Unaudited)

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Balance Sheet (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 1,508,790 $ 3,387,428
Accounts receivable    99,786
Prepaid expenses and other current assets 129,366 153,681
Inventory 172,956 110,625
Total current assets 1,811,112 3,751,520
Property and equipment, net 18,459 15,176
Intangible assets 664,286 696,429
Goodwill 69,782 69,782
Other assets 2,125 2,125
Total assets 2,565,764 4,535,032
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 95,553 170,977
Accrued expenses and other current liabilities 398,452 720,965
Total current liabilities 494,005 891,942
Notes payable - related parties 297,820 297,820
Total liabilities 791,825 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      
Common stock, $0.001 par value, 200,000,000 shares authorized at June 30, 2014 and December 31, 2013, 38,414,516 and 37,362,160 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 38,414 37,362
Additional paid-in capital 11,811,945 10,606,810
Accumulated deficit (10,076,420) (7,298,902)
Total stockholders' equity 1,773,939 3,345,270
Total liabilities and stockholders' equity $ 2,565,764 $ 4,535,032