General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets      
Cash and cash equivalents $ 2,047,804 $ 1,083,280 $ 7,212,114
Accounts receivable 5,242,893 1,150,602 410,950
Inventory 765,917 2,715,913 5,784,905
Prepaid expenses and other assets 186,000 161,813 140,559
Total current assets 8,242,614 5,111,608 13,548,528
Property and Equipment, net 2,379,808 1,243,450 255,330
License, net 54,415 58,825 64,707
Prepaid expenses and other assets 4,058 13,799
Customer acquisition costs 763,048 897,428 1,156,521
Total assets 11,439,885 7,315,369 15,038,885
Current liabilities      
Accounts payable and accrued expenses 5,190,907 1,235,162 1,174,521
Deferred revenue 2,281,760 5,808,301
Convertible notes payable 3,960,335 2,497,114 3,080,376
Current portion of equipment notes payable 39,043 20,979  
Customer credits 936,500 936,500 936,500
Other current liabilites   250,000
Total current liabilities 10,126,785 6,950,536 11,249,698
Convertible notes payable, net of discount and issuance costs 4,042,782 3,175,085 2,438,902
Warrant liability 23,763,000 9,854,400 5,597,011
Accrued interest 75,738 169,202 337,999
Equipment notes payable 153,183 111,144
Total liabilities 38,161,488 20,260,367 19,623,610
Stockholders' deficit      
Preferred stock, $.001 par value: 2,000,000 shares authorized
Common stock; $.001 par value; 150,000,000 shares authorized; 47,194,118 shares issued and outstanding as of December 31, 2015 40,228,123 shares issued and outstanding as of December 31, 2014 49,292 47,194 40,228
Additional paid-in capital 27,865,654 25,008,016 19,113,724
Accumulated deficit (54,636,549) (38,000,208) (23,738,677)
Total stockholders' deficit (26,721,603) (12,944,998) (4,584,725)
Total liabilities and stockholders' deficit $ 11,439,885 $ 7,315,369 $ 15,038,885