Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 2,013,957us-gaap_Cash $ 7,212,114us-gaap_Cash
Accounts receivable 1,238,344us-gaap_AccountsReceivableNetCurrent 410,950us-gaap_AccountsReceivableNetCurrent
Inventory 7,076,358us-gaap_InventoryWorkInProcess 5,784,905us-gaap_InventoryWorkInProcess
Prepaid expenses and other assets 156,441us-gaap_PrepaidExpenseAndOtherAssets 140,559us-gaap_PrepaidExpenseAndOtherAssets
Total current assets 10,485,100us-gaap_AssetsCurrent 13,548,528us-gaap_AssetsCurrent
Property and Equipment, net 753,047us-gaap_PropertyPlantAndEquipmentNet 255,330us-gaap_PropertyPlantAndEquipmentNet
License, net 63,236us-gaap_IndefiniteLivedLicenseAgreements 64,707us-gaap_IndefiniteLivedLicenseAgreements
Prepaid expenses and other assets 11,364us-gaap_PrepaidExpenseCurrent 13,799us-gaap_PrepaidExpenseCurrent
Debt issuance costs, net 2,116,032us-gaap_DeferredFinanceCostsNoncurrentGross 2,285,696us-gaap_DeferredFinanceCostsNoncurrentGross
Customer acquisition costs 1,107,404us-gaap_DeferredSubscriberAcquisitionCostsNoncurrent 1,156,521us-gaap_DeferredSubscriberAcquisitionCostsNoncurrent
Total assets 14,536,183us-gaap_Assets 17,324,581us-gaap_Assets
Current liabilities    
Accounts payable and accrued expenses 1,064,834us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 688,730us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Accrued legal and consulting fees 92,785MEEC_AccruedLegalAndConsultingFees 86,304MEEC_AccruedLegalAndConsultingFees
Accrued salaries and benefits 402,570us-gaap_AccruedEmployeeBenefitsCurrent 399,487us-gaap_AccruedEmployeeBenefitsCurrent
Deferred revenue 7,195,251us-gaap_DeferredRevenue 5,808,301us-gaap_DeferredRevenue
Convertible notes payable 3,408,150us-gaap_ConvertibleNotesPayableCurrent 3,080,376us-gaap_ConvertibleNotesPayableCurrent
Customer credits 936,500MEEC_AccruedSalesCredits 936,500MEEC_AccruedSalesCredits
Other Current liabilities    250,000us-gaap_OtherLiabilitiesCurrent
Total current liabilities 13,100,090us-gaap_LiabilitiesCurrent 11,249,698us-gaap_LiabilitiesCurrent
Convertible notes payable, net of discount 4,672,782us-gaap_ConvertibleLongTermNotesPayable 4,724,598us-gaap_ConvertibleLongTermNotesPayable
Warrant liability 7,475,561us-gaap_DerivativeLiabilities 5,597,011us-gaap_DerivativeLiabilities
Accrued interest 167,790us-gaap_AccruedLiabilitiesCurrentAndNoncurrent 337,999us-gaap_AccruedLiabilitiesCurrentAndNoncurrent
Total liabilities 25,416,223us-gaap_Liabilities 21,909,306us-gaap_Liabilities
Stockholders' deficit    
Preferred stock, $.001 par value: 2,000,000 shares authorized      
Common stock; $.001 par value; 150,000,000 shares authorized; 40,451,388 shares issued and outstanding as of March 31, 2015 40,228,123 shares issued and outstanding as of December 31, 2014 40,451us-gaap_CommonStockValue 40,228us-gaap_CommonStockValue
Additional paid-in capital 19,385,718us-gaap_AdditionalPaidInCapital 19,113,724us-gaap_AdditionalPaidInCapital
Accumulated deficit (30,306,209)us-gaap_RetainedEarningsAccumulatedDeficit (23,738,677)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' deficit (10,880,040)us-gaap_StockholdersEquity (4,584,725)us-gaap_StockholdersEquity
Total liabilities and stockholders' deficit $ 14,536,183us-gaap_LiabilitiesAndStockholdersEquity $ 17,324,581us-gaap_LiabilitiesAndStockholdersEquity