Balance Sheet

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash $ 3,619,470 $ 2,659,734
Accounts receivable - trade 2,210 83,288
Inventory, net 354,364 118,795
Prepaid expenses and deposits 91,284 55,624
Total current assets 4,067,328 2,917,441
PROPERTY AND EQUIPMENT, at cost: 177,390 163,291
Less - accumulated depreciation (52,127) (26,995)
Net property and equipment 125,263 136,296
OTHER ASSETS:    
Goodwill 99,799 99,799
Intangible assets, net 1,362,667 1,460,000
Total other assets 1,462,466 1,559,799
TOTAL ASSETS 5,655,057 4,613,536
CURRENT LIABILITIES:    
Accounts payable - trade and accrued liabilities 501,747 242,257
Accounts payable due to related party 6,000
Deferred revenue 7,896
Note Payable - Oklahoma Technology Commercialization Center- Current 110,000
Total current liabilities 501,747 366,153
LONG TERM LIABILITIES:    
Convertible Notes Payable - Series 2016, net of discount of $2,392,152 607,848
Derivative Liability 2,394,950
TOTAL LIABILITIES 3,504,545 366,153
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.0001 par value; authorized 300,000,000 shares; 8,807,220 and 5,125,585 shares issued and outstanding, at September 30, 2016 and December 31, 2015, respectively 881 513
Additional paid-in capital 20,402,586 15,385,523
Accumulated Deficit (18,252,965) (11,139,270)
Total stockholders' equity 2,150,512 4,247,383
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 5,655,057 4,613,536
Convertible Preferred Stock, Series A    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock, value 10 10
Convertible Preferred Stock, Series B    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock, value
Convertible Preferred Stock, Series B-1    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock, value
Convertible Preferred Stock, Series C    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock, value 7
Convertible Preferred Stock, Series D    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock, value 200
Convertible Preferred Stock, Series E    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock, value
Convertible Preferred Stock, Series F    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock, value 200
Convertible Preferred Stock, Series G    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock, value $ 200

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