Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current Assets    
Cash $ 14,576,378 $ 805,306
Accounts receivable 1,775,048 549,469
Inventories, net 1,123,021 725,096
Note receivable from stockholder    103,735
Prepaid expenses and other current assets 406,993 250,998
Deferred cost of revenue, current 974,405 768,599
Total current assets 18,855,845 3,203,203
Property and equipment, net 1,763,550 1,575,286
Deferred cost of revenue, non-current 1,127,269 803,298
Other assets 54,390 1,002,150
Total assets 21,801,054 6,583,937
Current Liabilities    
Notes payable, current 39,345 1,638,505
Convertible debt    5,062,417
Accounts payable 1,044,296 1,498,680
Accrued liabilities 1,565,798 1,430,799
Customer deposits, advances and deferred revenues, current 2,960,026 2,419,226
Liability due to early stock option exercise 3,970 5,293
Total current liabilities 5,613,435 12,054,920
Customer deposits, advances and deferred revenues, non-current 2,447,380 2,209,111
Notes payable, non-current 111,318 866,950
Warrant liability 88,050,250 377,747
Deferred rent 114,657 123,709
Total Liabilities 96,337,040 15,632,437
Commitments and contingencies (Note 12)      
Convertible preferred stock issuable in series, $0.001 par value; 10,000,000 and 22,000,000 shares authorized at March 31, 2014 (unaudited) and December 31, 2013 respectively; none and 25,923,873 and shares issued and outstanding at March 31, 2014 (unaudited) and December 31, 2013 respectively; liquidation preference of $2.85 - $4.11 per share at December 31, 2013    27,324,208
Stockholders' Equity    
Common stock, $0.001 par value; 500,000,000 and 40,000,000 shares authorized at March 31, 2014 (unaudited) and December 31, 2013, respectively; 78,480,019 and 21,114,783, shares issued and outstanding at March 31, 2014 (unaudited) and December 31, 2013, respectively 78,480 21,114
Additional paid-in capital 45,182,512 1,637,797
Accumulated deficit (119,796,978) (38,031,619)
Total stockholders' deficit (74,535,986) (36,372,708)
Total liabilities, convertible preferred stock and stockholders' deficit $ 21,801,054 $ 6,583,937