Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash $ 180,390 $ 402,059
Marketable Securities 2,442,467 4,025,104
Trade Receivables, net 781,698 609,195
Trade Receivables - Related Party, net 31,522 31,512
Deposits and other receivables 49,522 95,577
Inventories net 1,212,158 1,131,654
Prepaid expenses 138,306 185,967
Total Current Assets 4,836,063 6,481,068
Non-Current Assets    
Property, Plant and Equipment, net 321,215 251,145
Intangible Assets, net 1,430,106 1,472,883
Other Assets 66,813 66,813
Total Non-Current Assets 1,818,134 1,790,841
Total Assets 6,654,197 8,271,909
Current Liabilities    
Trade and Other Payables 1,543,173 1,668,731
Total Current Liabilities 1,543,173 1,668,731
Total Liabilities $ 1,543,173 $ 1,668,731
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2016 and December 31, 2015
Common Stock, No par value, 500,000,000 shares authorized, 5,425,045 and 5,425,045 issued and outstanding as of March 31, 2016 and December 31, 2015 $ 100,793,649 $ 100,785,408
Accumulated Deficit (95,684,928) (94,175,999)
Accumulated Other Comprehensive Income/(Loss) 2,303 (6,231)
Total Stockholders' Equity 5,111,024 6,603,178
Total Liabilities and Stockholders' Equity $ 6,654,197 $ 8,271,909