CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Current assets: | | |
Cash | $265,848 | $506,019 |
Restricted cash | 195,088 | 195,088 |
Accounts receivable, net of allowance of $47,143 and $47,233 as of March 31, 2015 and December 31, 2014, repectively | 112,354 | 100,886 |
Inventories - finished goods, net | 145,270 | 144,236 |
Prepaid expenses and other current assets | 47,345 | 60,202 |
Total current assets | 765,905 | 1,006,431 |
Property and equipment, net of accumulated depreciation of $720,228 and $692,903 as of March 31, 2015 and December 31, 2014 | 489,499 | 511,286 |
Web development costs, net of accumulated amortization of $88,882 and $70,498 as of March 31, 2015 and December 31, 2014 | 135,148 | 142,541 |
Total assets | 1,390,552 | 1,660,258 |
Current liabilities: | | |
Accounts payable - trade | 2,411,287 | 2,542,938 |
Accounts payable - related parties | 83,932 | 84,314 |
Accrued expenses and other current liabilities | 405,747 | 680,506 |
Deferred revenue | 5,643 | 7,009 |
Current portion of equipment lease payable | 65,513 | 64,101 |
Notes payable and other advances, net of debt discount of $45,150 and $58,367 as of March 31, 2015 and December 31, 2014, respectively | 804,850 | 791,633 |
Note payable and other advances - related parties | 73,095 | 73,095 |
Redeemable preferred stock - Series C; par value $0.001 per share; 10,000 designated Series C: 10,000 issued and outstanding as of March 31, 2015 and December 31, 2014 (aggregate liquidation preference of $1,000,000) | 1,000,000 | 1,000,000 |
Total current liabilities | 4,850,067 | 5,243,596 |
Long term liabilities: | | |
Long term portion of equipment lease payable | 29,349 | 46,143 |
Total long term liabilities | 29,349 | 46,143 |
Total liabilities | 4,879,416 | 5,289,739 |
Commitments and contingencies | | |
Preferred stock - par value $0.001 per share; authorized 1,000,000 shares; issued and outstanding as of March 31, 2015 and December 31, 2014 as follows: | | |
Convertible preferred stock - Series A - 200,000 shares designated Series A; 44,443 shares available to be issued; no shares issued and outstanding | | |
Convertible preferred stock - Series B - 625,000 shares designated Series B; 483,512 and 451,879 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively (aggregate liquidation preference of $4,649,149 and $4,569,175 as of March 31, 2015 and December 31, 2014, respectively) | 483 | 452 |
Common stock - par value $0.001 per share; authorized 100,000,000 shares; 38,749,595 shares issued and 37,570,383 shares outstanding as of March 31, 2015 and December 31, 2014. | 38,751 | 38,751 |
Additional paid-in capital | 30,385,231 | 29,966,039 |
Employee advances | | -2,143 |
Treasury stock, at cost, 1,179,212 shares as of March 31, 2015 and December 31, 2014 | -3,419,715 | -3,419,715 |
Accumulated deficit | -30,493,614 | -30,212,865 |
Total stockholders' deficiency | -3,488,864 | -3,629,481 |
Total liabilities and stockholders' deficiency | $1,390,552 | $1,660,258 |