Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets    
Cash $ 195,860 $ 402,059
Marketable Securities 599,942 4,025,104
Trade Receivables, net 738,160 609,195
Trade Receivables - Related Party, net 31,892 31,512
Deposits and other receivables 29,722 95,577
Inventories, net 1,942,516 1,131,654
Prepaid expenses 94,261 185,967
Prepaid expenses - Related Party 214,250
Total Current Assets 3,846,603 6,481,068
Non-Current Assets    
Prepaid expenses - Related Party 276,385
Property, Plant and Equipment, net 245,553 251,145
Intangible Assets, net 1,344,552 1,472,883
Other Assets 66,813 66,813
Total Non-Current Assets 1,933,303 1,790,841
Total Assets 5,779,906 8,271,909
Current Liabilities    
Trade and Other Payables 1,249,733 1,668,731
Trade and Other Payables - Related Party 59,673
Total Current Liabilities 1,309,406 1,668,731
Total Liabilities 1,309,406 1,668,731
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, no shares issued and outstanding as of September 30, 2016 and December 31, 2015
Common Stock, No par value, 500,000,000 shares authorized, 5,452,545 and 5,425,045 issued and outstanding as of September 30, 2016 and December 31, 2015 100,886,637 100,785,408
Deferred Compensation (29,891)
Accumulated Deficit (96,383,706) (94,175,999)
Accumulated Other Comprehensive Income/(Loss) (2,540) (6,231)
Total Stockholders' Equity 4,470,500 6,603,178
Total Liabilities and Stockholders' Equity $ 5,779,906 $ 8,271,909