Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 10,000 $ 208,000
Accounts receivable 9,000 14,000
Inventory 3,047,000 3,028,000
Prepaid expenses and other current assets 365,000 333,000
Total current assets 3,431,000 3,583,000
Property and equipment, net 2,420,000 2,660,000
Intangibles, net 8,000 13,000
Deposits and other long term assets 32,000
Total assets 5,859,000 6,288,000
Current liabilities:    
Accounts payable 2,080,000 1,749,000
Accrued expenses 1,964,000 1,380,000
Deferred revenues and customer advances 4,573,000 5,270,000
Accrued contract loss 391,000 617,000
Convertible unsecured notes payable, net of discounts 1,051,000 1,250,000
Convertible senior secured notes payable, net of discounts 8,698,000 5,994,000
Capital leases payable-short term 10,000 13,000
Total current liabilities 18,767,000 16,273,000
Long term liabilities:    
Capital lease payable 6,000 12,000
Total liabilities 18,773,000 16,285,000
Commitments and contingencies (Note 15)
Stockholders' deficit:    
Preferred stock, $0.0001 par value. Authorized 50,000,000 shares; no shares issued and outstanding at September 30, 2018 and December 31, 2017
Common stock, $0.0001 par value. Authorized 200,000,000 shares; 4,206,393 and 4,081,393 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively
Additional paid-in capital 47,831,000 42,342,000
Accumulated deficit (60,745,000) (52,339,000)
Total stockholders' deficit (12,914,000) (9,997,000)
Total liabilities and stockholders' deficit $ 5,859,000 $ 6,288,000