Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and Cash Equivalents $ 36,067,880 $ 14,889,636
Accounts Receivable, Net 1,051,337 974,172
Accrued Project Revenue 0 497,784
Inventories, Net 4,276,330 3,852,317
Manufacturing Vendor Prepayments 126,059 154,717
Prepaid Expenses and Other Assets 512,581 873,947
Total Current Assets 42,034,187 21,242,573
Long-Term Assets    
Fixed Assets, Net 4,178,799 4,124,466
Patents and Trademarks, Net 854,451 813,774
Software Development Costs, Net 452,473 408,723
Licenses, Net 246,488 243,717
Total Assets 47,766,398 26,833,253
Current Liabilities    
Accounts Payable 1,747,419 3,726,056
Customer Deposits 210,640 73,462
Unearned Revenue 0 107,824
Accrued Expenses 1,075,932 1,389,771
Derivative Liability 124,794 152,927
Income and Other Taxes Payable 22,751 3,500
Total Current Liabilities 3,181,536 5,453,540
Long-Term Liabilities    
Total Liabilities 3,181,536 5,453,540
Stockholders’ Equity    
Preferred Stock - $.001 Par Value, 5,000,000 Shares Authorized; 49,626 and 49,626 Shares Issued and Outstanding as of March 31, 2018 and December 31, 2017. 50 50
Common Stock - $.001 Par Value, 100,000,000 Shares Authorized; 27,307,455 Shares Issued and Outstanding as of March 31, 2018 and 24,276,275 as of December 31, 2017. 27,307 24,276
Additional Paid-in Capital 146,313,883 117,827,839
Accumulated Deficit (101,756,378) (96,472,452)
Total Stockholders’ Equity 44,584,862 21,379,713
Total Liabilities and Stockholders’ Equity $ 47,766,398 $ 26,833,253