Balance Sheet

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash $ 1,764,389 $ 2,015,214
Accounts receivable - trade 100,749 394,000
Inventory, net 735,161 459,885
Prepaid expenses and deposits 71,274 120,614
Total current assets 2,671,573 2,989,713
PROPERTY AND EQUIPMENT, at cost: 180,302 179,627
Less - accumulated depreciation (87,134) (60,784)
Net property and equipment 93,168 118,843
OTHER ASSETS:    
Goodwill 99,799 99,799
Intangible assets, net 1,070,667 1,289,667
Total other assets 1,170,466 1,389,466
TOTAL ASSETS 3,935,207 4,498,022
CURRENT LIABILITIES:    
Accounts payable - trade and accrued liabilities 149,922 293,922
Accounts payable due to related party 188,217 46,849
Bank Line of Credit 1,000,000
Related party convertible note payable, net of discount of $0 and $2,092,156, respectively 1,000,000 907,844
Derivative liability 1,832,013
Total current liabilities 2,338,139 3,080,628
LONG TERM LIABILITIES:    
Related party convertible notes payable 3,000,000
TOTAL LIABILITIES 5,338,139 3,080,628
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.0001 par value; authorized 300,000,000 shares; 9,182,470 and 8,682,220 shares issued and outstanding, at September 30, 2017 and December 31, 2016 918 868
Additional paid-in capital 25,918,859 21,089,301
Retained Deficit (27,322,709) (19,672,785)
Total stockholders' equity (deficit) (1,402,932) 1,417,394
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 3,935,207 4,498,022
Convertible Preferred stock, Series A    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock value 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
Convertible Preferred stock, Series D    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock value
Convertible Preferred stock, Series E    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock value
Convertible Preferred stock, Series F    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock value
Convertible Preferred stock, Series G    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock value

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