Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 92,000 $ 54,000
Inventories 12,000   
Prepaid expenses    83,000
Total Current Assets 104,000 137,000
Property, plant and equipment, net      
Patents, net 25,000 48,000
Goodwill and other assets, net      
Total Other Assets 25,000 48,000
TOTAL ASSETS 129,000 185,000
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable 806,000 625,000
Accrued interest 1,598,000 1,439,000
Accrued expenses 607,000 414,000
Line of credit 25,000   
Warrant liability 158,000 1,012,000
Demand notes payable, net of discount of $54,000 and $0 266,000 205,000
Convertible debentures, net of discount of $0 and $0, current portion 775,000 415,000
Convertible debentures 995,000 1,544,000
Total Current Liabilities 5,230,000 5,654,000
Total Liabilities 5,230,000 5,654,000
Stockholders' Deficit:    
Convertible preferred stock - $0.001 par value; 15,000,000 shares authorized: Series C - 96,230 and 96,230 shares issued and outstanding at December 31, 2010 and December 31, 2009, respectively 1,000 1,000
Series H - 25,000 and 25,000 shares issued and outstanding at December 31, 2010 and December 31, 2009, respectively      
Series I - 1,666,667 and 0 shares issued and outstanding at December 31, 2010 and December 31, 2009, respectively 2,000 2,000
Common stock - $0.001 par value; 600,000,000 shares authorized; and 269,299,838 and 149,571,976 shares issued and outstanding at December 31, 2011 and December 31, 2010, respectively 269,000 149,000
Additional paid-in capital 78,422,000 74,474,000
Accumulated deficit (83,795,000) (80,095,000)
Total Stockholders' Deficit (5,101,000) (5,469,000)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 129,000 $ 185,000