| Current portion of long-term debt, net of discount |
$ 993,089 |
$ 1,068,548 |
| Account Payable |
401,825 |
428,514 |
| Accrued Expenses |
195,165 |
146,504 |
| Total current liabilities |
1,590,079 |
1,643,566 |
| Warrant liabilities |
164,138 |
81,744 |
| Long-term debt, less current portion, net of discount |
2,570,957 |
- |
| Total liabilities |
$ 4,325,174 |
$ 1,725,310 |
| Stockholder’s equity |
|
|
| Series E, 8% convertible noncumulative preferred stock, par value $0.001; 50,200,000 and 45,200,000 shares authorized respectively; 49,499,028 and 44,499,028 shares issued and outstanding at December 31, 2014 and 2013, respectively (liquidation preference of $9,899,806 and $8,899,806) |
$ 44,499 |
$ 44,499 |
| Series D, 8% convertible noncumulative preferred stock, par value $0.001; 42,176,625 shares authorized; 42,176,625 shares issued and outstanding (liquidation preference of $11,387,689) |
42,177 |
42,177 |
| Series C, 8% convertible noncumulative preferred stock, par value $0.001; 22,725,718 shares authorized; 22,245,718 shares issued and outstanding(liquidation preference of $5,561,430) |
22,246 |
22,246 |
| Series B-1, 8% convertible noncumulative preferred stock, par value $0.001; 9,554,375 shares authorized; 9,554,375 shares issued and outstanding (liquidation preference of $4,549,793) |
9,554 |
9,554 |
| Series B, 8% convertible noncumulative preferred stock, par value $0.001; 3,375,954 shares authorized; 3,125,954 shares issued and outstanding (liquidation preference of $1,488,579) |
3,126 |
3,126 |
| Series A, 8% convertible noncumulative preferred stock, par value $0.001; 4,323,958 shares authorized; 3,908,168 shares issued and outstanding (liquidation preference of $1,861,070) |
3,908 |
3,908 |
| Common stock; par value $0.001, 242,983,187 and and 232,983,187 shares authorized at December 31, 2014 and 2013 respectively; 4,508,329 shares issued and outstanding |
- |
- |
| Additional paid-in capital |
33,421,657 |
32,339,315 |
| Accumulated deficit |
(35,744,052) |
(28,766,301) |
| Total stockholders’ equity |
(2,187,377) |
3,703,032 |
| Total liabilities and stockholders’ equity |
$ 2,137,797 |
$ 5,428,342 |
