Balance Sheet

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash $ 719,315 $ 2,015,214
Accounts receivable - trade 24,549 394,000
Inventory, net 636,349 459,885
Prepaid expenses and deposits 57,452 120,614
Total current assets 1,437,665 2,989,713
PROPERTY AND EQUIPMENT, at cost: 180,302 179,627
Less - accumulated depreciation (78,345) (60,784)
Net property and equipment 101,957 118,843
OTHER ASSETS:    
Goodwill 99,799 99,799
Intangible assets, net 1,143,667 1,289,667
Total other assets 1,243,466 1,389,466
TOTAL ASSETS 2,783,088 4,498,022
CURRENT LIABILITIES:    
Accounts payable - trade and accrued liabilities 97,014 293,922
Accounts payable due to related party 136,110 46,849
Related party convertible note payable - Series 2016, net of discount of $2,092,156 907,844
Derivative liability 780,165 1,832,013
Total current liabilities 1,013,289 3,080,628
LONG TERM LIABILITIES:    
Related party convertible note payable - Series 2016, net of discount of $999,664 2,000,336
TOTAL LIABILITIES 3,013,625 3,080,628
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.0001 par value; authorized 300,000,000 shares; 8,932,470 and 8,682,220 shares issued and outstanding, at June 30, 2017 and December 31, 2016 893 868
Additional paid-in capital 22,327,454 21,089,301
Retained Deficit (22,558,884) (19,672,785)
Total stockholders' (deficit) equity (230,537) 1,417,394
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,783,088 4,498,022
Preferred stock, Series A    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value 10
Preferred stock, Series B    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value
Preferred stock, Series B-1    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value
Preferred stock, Series C    
STOCKHOLDERS' EQUITY (DEFICIT):    
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Preferred stock, Series D    
STOCKHOLDERS' EQUITY (DEFICIT):    
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Preferred stock, Series E    
STOCKHOLDERS' EQUITY (DEFICIT):    
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Preferred stock, Series F    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value
Preferred stock, Series G    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value

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