Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets    
Cash $ 393,372 $ 455,841
Marketable Securities 5,229,225 9,264,961
Trade Receivables (net) $ 1,109,227 1,154,290
Trade Receivables - Related Party (net) 864,000
Notes Receivable - Related Party $ 299,052 266,457
Other Receivables 101,576 41,435
Inventories (net) 955,163 905,116
Other Current Assets 169,722 107,633
Total Current Assets 8,257,337 13,059,733
Non-Current Assets    
Notes Receivable - Related Party 1,000,558 1,209,309
Property, plant and equipment, net 214,154 201,483
Intangible assets, net 1,515,660 2,176,065
Other Assets 66,813 4,282
Total Non-Current Assets 2,797,185 3,591,139
Total Assets 11,054,522 16,650,872
Current Liabilities    
Trade and Other Payables $ 1,256,293 1,538,430
Deferred Revenue - Related Party 305,556
Total Current Liabilities $ 1,256,293 1,843,986
Total Liabilities $ 1,256,293 $ 1,843,986
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, no shares issued and outstanding as of September 30, 2015 and December 31, 2014
Common Stock, No par value, 500,000,000 shares authorized, 5,144,837 and 4,954,837 issued and outstanding as of September 30, 2015 and December 31, 2014 $ 100,388,396 $ 99,691,096
Accumulated Deficit (90,599,007) (84,864,086)
Accumulated Other Comprehensive Income/(Loss) 8,840 (20,124)
Total Stockholders' Equity 9,798,229 14,806,886
Total Liabilities and Stockholders' Equity $ 11,054,522 $ 16,650,872