Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current Assets    
Cash $ 10,965,161 $ 805,306
Accounts receivable, net 1,493,803 549,469
Inventories, net 1,277,033 725,096
Note receivable from stockholder    103,735
Prepaid expenses and other current assets 401,164 250,998
Deferred cost of revenue, current 1,169,000 768,599
Total current assets 15,306,161 3,203,203
Property and equipment, net 1,839,965 1,575,286
Deferred cost of revenue, non-current 1,397,198 803,298
Other assets 54,390 1,002,150
Total assets 18,597,714 6,583,937
Current Liabilities    
Notes payable, current 40,038 1,638,505
Convertible debt    5,062,417
Accounts payable 1,226,714 1,498,680
Accrued liabilities 1,264,754 1,430,799
Customer deposits, advances and deferred revenues, current 3,570,689 2,419,226
Liability due to early stock option exercise 2,647 5,293
Total current liabilities 6,104,842 12,054,920
Customer deposits, advances and deferred revenues, non-current 2,803,355 2,209,111
Notes payable, non-current 99,956 866,950
Warrant liability 27,592,550 377,747
Deferred rent 105,605 123,709
Total Liabilities 36,706,308 15,632,437
Commitments and contingencies (Note 12)      
Convertible preferred stock issuable in series, $0.001 par value; 10,000,000 and 33,523,600 shares authorized at June 30, 2014 (unaudited) and December 31, 2013 respectively; none and 25,923,873 shares issued and outstanding at June 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 June 30, 2014 (unaudited) and December 31, 2013, respectively; 78,497,558 and 21,114,783, shares issued and outstanding at June 30, 2014 (unaudited) and December 31, 2013, respectively 78,500 21,114
Additional paid-in capital 45,482,902 1,637,797
Accumulated deficit (63,669,996) (38,031,619)
Total stockholders' deficit (18,108,594) (36,372,708)
Total liabilities, convertible preferred stock and stockholders' deficit $ 18,597,714 $ 6,583,937