Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEET (USD $)
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash $ 281,166 $ 47,147
Prepaid Expenses 97,394 8,701
Miscellaneous Receivable 118,467 0
Deferred Finance Costs , 21,941 34,957
Total Current Assets 518,968 90,805
PROPERTY AND EQUIPMENT, NET 100,000 13,203
OTHER ASSETS:    
Definite-life intangible Assets, net 0 6,234
Pending patents acquired 1,391,281 0
Deposits 845 123,762
Total Other Assets 1,392,126 129,996
Total Assets 2,011,094 234,004
CURRENT LIABILITIES:    
Accounts Payable 938,752 938,640
Customer deposits 0 27,837
Loan Payable - Other 0 243,592
Loan Payable - Related Party 0 15,362
Obligation to issue common stock and warrants 0 337,478
Convertible Debenture Payable, less discount of $353,866 and $517,542 at September 30, 2013 and December 31, 2012 1,531,734 482,458
Derivative Liability, 8,849,870 1,026,128
Deferred Rent 0 19,110
Accrued Liabilities 685,349 270,682
Total Current Liabilities 12,005,705 3,361,287
LONG TERM LIABILITIES:    
Convertible Debenture Payable, less discount of $ 1,807,349 and $223,692 at September 30, 2013 and December 31, 2012 542,651 593,908
Deferred revenue, noncurrent 0 235,000
Total Long term Liabilities 542,651 828,908
TOTAL LIABILITIES 12,548,356 4,190,195
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' DEFICIT:    
Common stock, $.001 par value, 200,000,000 shares authorized 113,616,163 and 105,317,816 issued and outstanding at at September 30, 2013 and December 31, 2012 113,616 105,318
Additional Paid-In Capital 32,216,425 28,448,705
Accumulated deficit (42,869,303) (32,510,214)
Total Stockholders' Deficit (10,537,262) (3,956,191)
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT $ 2,011,094 $ 234,004