General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets    
Cash $ 805,306 $ 1,738,662
Accounts receivable 549,469 788,241
Inventories, net 725,096 615,365
Note receivable from stockholder 103,735 99,035
Prepaid expenses and other current assets 250,998 109,236
Deferred cost of revenue, current 768,599 436,483
Total current assets 3,203,203 3,787,022
Property and equipment, net 1,575,286 1,665,191
Deferred cost of revenue, non-current 803,298 693,763
Security deposits 54,390 54,390
Security issuance costs 947,760 9,460
Total assets 6,583,937 6,209,826
Current Liabilities    
Notes payable, current 1,638,505 1,656,040
Convertible debt 5,062,417 3,528,313
Accounts payable 1,498,680 1,729,731
Accrued liabilities 1,430,799 997,476
Customer advances and deferred revenues, current 2,419,226 1,566,153
Liability due to early stock option exercise 5,293 10,587
Total current liabilities 12,054,920 9,488,300
Customer advances and deferred revenues, non-current 2,209,111 1,898,560
Notes payable, non-current 866,950 2,509,634
Warrant liability 377,747 563,822
Deferred rent 123,709 159,916
Total Liabilities 15,632,437 14,620,232
Commitments and contingencies (Note 16)      
Convertible preferred stock issuable in series, $0.001 par value; 22,000,000, and 10,365,000 shares authorized at December 31, 2013 and 2012 respectively; 14,011,028 and 8,831,684 shares issued and outstanding at December 31, 2013 and 2012 respectively; liquidation preference of $1.75 - $2.10 per share at December 31, 2013 and 2012 27,324,208 16,675,983
Stockholders' deficit:    
Common stock, $0.001 par value; 40,000,000 and 30,000,000 shares authorized at December 31, 2013 and 2012, respectively; 10,391,400 and 9,887,079, shares issued and outstanding at December 31, 2013 and 2012, respectively 10,025 9,920
Additional paid-in capital 1,648,886 1,047,936
Accumulated deficit (38,031,619) (26,144,245)
Total stockholders' deficit (36,372,708) (25,086,389)
Total liabilities, convertible preferred stock and stockholders' deficit $ 6,583,937 $ 6,209,826