Balance Sheet

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash $ 1,454,482 $ 2,015,214
Accounts receivable - trade 157,850 394,000
Inventory, net 482,932 459,885
Prepaid expenses and deposits 90,373 120,614
Total current assets 2,185,637 2,989,713
PROPERTY AND EQUIPMENT, at cost: 180,302 179,627
Less - accumulated depreciation (69,556) (60,784)
Net property and equipment 110,746 118,843
OTHER ASSETS:    
Goodwill 99,799 99,799
Intangible assets, net 1,216,667 1,289,667
Total other assets 1,316,466 1,389,466
TOTAL ASSETS 3,612,849 4,498,022
CURRENT LIABILITIES:    
Accounts payable - trade and accrued liabilities 170,986 293,922
Accounts payable due to related party 91,233 46,849
Related party convertible note payable - Series 2017, net of discount of $1,655,194 and $2,092,156, respectively 1,344,806 907,844
Derivative liability 1,078,215 1,832,013
Total current liabilities 2,685,240 3,080,628
TOTAL LIABILITIES 2,685,240 3,080,628
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.0001 par value; authorized 300,000,000 shares; 8,682,220 shares issued and outstanding, at March 31, 2017 and December 31, 2016 868 868
Additional paid-in capital 21,722,910 21,089,301
Accumulated deficit (20,796,179) (19,672,785)
Total stockholders' equity 927,609 1,417,394
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 3,612,849 4,498,022
Preferred stock, Series A    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value 10 10
Preferred stock, Series B    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value
Preferred stock, Series C    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value
Preferred stock, Series D    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value
Preferred stock, Series E    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value
Preferred stock, Series F    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value
Preferred stock, Series G    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value

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