Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets    
Cash $ 7,176,268 $ 805,306
Accounts receivable, net 1,921,574 549,469
Inventories, net 864,397 725,096
Note receivable from stockholder    103,735
Prepaid expenses and other current assets 330,798 250,998
Deferred cost of revenue, current 1,369,087 768,599
Total current assets 11,662,124 3,203,203
Property and equipment, net 1,957,324 1,575,286
Deferred cost of revenue, non-current 1,743,865 803,298
Other assets 54,764 1,002,150
Total assets 15,418,077 6,583,937
Current Liabilities    
Notes payable, current 40,743 1,638,505
Convertible debt    5,062,417
Accounts payable 1,077,073 1,498,680
Accrued liabilities 1,321,960 1,430,799
Customer deposits, advances and deferred revenues, current 3,454,906 2,419,226
Liability due to early stock option exercise 1,323 5,293
Total current liabilities 5,896,005 12,054,920
Customer deposits, advances and deferred revenues, non-current 3,439,610 2,209,111
Notes payable, non-current 88,401 866,950
Warrant liability 11,819,450 377,747
Deferred rent 96,553 123,709
Total Liabilities 21,340,019 15,632,437
Commitments and contingencies (Note 11)      
Convertible preferred stock issuable in series, $0.001 par value; 10,000,000 and 33,523,600 shares authorized at September 30, 2014 (unaudited) and December 31, 2013, respectively; none and 25,923,872 shares issued and outstanding at September 30, 2014 (unaudited) and December 31, 2013, respectively; liquidation preference of $2.85 - $4.11 per share at December 31, 2013    27,324,208
Stockholders' deficit:    
Common stock, $0.001 par value; 500,000,000 and 60,952,000 shares authorized at September 30, 2014 (unaudited) and December 31, 2013, respectively; 78,584,173 and 21,114,783, shares issued and outstanding at September 30, 2014 (unaudited) and December 31, 2013, respectively 78,584 21,114
Additional paid-in capital 45,645,109 1,637,797
Accumulated deficit (51,645,635) (38,031,619)
Total stockholders' deficit (5,921,942) (36,372,708)
Total liabilities, convertible preferred stock and stockholders' deficit $ 15,418,077 $ 6,583,937