FINANCIALS: Balance Sheets
Balance Sheets | Statements of Operations | Statements of Shareholder's Equity (Deficit) | Statements of Cash Flows
| |
December 31 |
| Assets |
2006 |
2005 |
2004 |
| Current Assets |
| Cash and Cash Equivalents |
$9,353,501 |
$20,373,900 |
$1,322,871 |
| Trade and other receivables |
272,389 |
151,200 |
- |
| Prepaid expenses and other assets |
204,217 |
315,550 |
- |
| Inventory |
1,900,996 |
600,675 |
30,705 |
| Total Current Assets |
11,731,103 |
21,441,325 |
1,353,576 |
| |
| Other Assets |
345,638 |
2,800 |
2,800 |
Property and equipment,
net of accumulated depreciation |
3,046,056 |
1,259,025 |
65,960 |
| |
| Total Assets |
$15,122,797 |
$22,703,150 |
$1,422,336 |
| |
| Liabilities and Shareholder's Equity |
| Current Liabilities |
|
|
|
| Accounts payable and accrued expenses |
$1,003,186 |
$214,465 |
$14,770 |
| |
| Shareholder's Equity |
| Preferred stock, no par value per share, authorized 5,000,000, none issued and outstanding |
- |
- |
- |
| Common stock, no par value per share, |
- |
- |
- |
| Capital |
27,956,685 |
27,180,041 |
2,072,335 |
Accumulated deficit during the
development stage |
(13,837,074) |
(4,691,356) |
(990,812) |
| Total Shareholder's equity |
14,119,611 |
22,488,685 |
1,081,523 |
| |
| Total liabilities and Shareholder's equity |
$15,122,797 |
$22,703,150 |
$1,422,336 |
|
