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

Condensed Consolidated Balance Sheets

v3.6.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets:      
Cash and cash equivalents $ 620,000 $ 2,605,000 $ 2,176,000
Restricted cash 50,000 200,000 50,000
Accounts receivable 57,000 107,000
Inventory 2,538,000 747,000 53,000
Prepaid expenses and other current assets 484,000 408,000 91,000
Total current assets 3,749,000 3,960,000 2,477,000
Property and equipment, net 3,372,000 3,426,000 755,000
Intangibles, net 22,000 28,000 34,000
Deposits and other long term assets 28,000 143,000 27,000
Total assets 7,171,000 7,557,000 3,293,000
Current liabilities:      
Accounts payable 2,147,000 1,629,000 612,000
Accrued expenses 710,000 657,000 456,000
Deferred revenues and customer advances 3,796,000 2,847,000
Accrued contract loss 600,000 600,000
Accrued warranty expense   242,000
Derivative liabilities 1,023,000 2,510,000 402,000
Convertible secured notes payable, net of discounts 4,519,000 4,110,000
Convertible unsecured notes payable, net of discounts 725,000  
Capital leases payable 20,000 26,000 19,000
Total current liabilities 13,540,000 12,379,000 1,731,000
Long term liabilities:      
Deposits 8,000 23,000
Capital lease payable 14,000 30,000
Total liabilities 13,540,000 12,401,000 1,784,000
Commitments and contingencies (Note 12)
Stockholders' equity (deficit):      
Preferred stock, $0.0001 par value. Authorized 50,000,000 shares; no shares issued and outstanding at September 30, 2016 and December 31, 2015
Common stock, $0.0001 par value. Authorized 200,000,000 shares; 3,785,216 and 3,089,160 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively
Additional paid-in capital 32,408,000 26,302,000 19,548,000
Accumulated deficit (38,777,000) (31,146,000) (18,039,000)
Total stockholders' equity (deficit) (6,369,000) (4,844,000) 1,509,000
Total liabilities and stockholders' equity (deficit) $ 7,171,000 $ 7,557,000 $ 3,293,000