Balance Sheet

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 2,282,365 $ 615,375
Accounts receivable - trade 18,000 110,065
Inventory, net 307,925 991,697
Prepaid expenses and deposits 89,613 103,008
Total current assets 2,697,903 1,820,145
PROPERTY AND EQUIPMENT, at cost: 176,955 253,444
Less - accumulated depreciation (123,725) (97,507)
Net property and equipment 53,230 155,937
OTHER ASSETS:    
Goodwill 99,799 99,799
Intangible assets, net 705,667 997,667
Total other assets 805,466 1,097,466
TOTAL ASSETS 3,556,599 3,073,548
CURRENT LIABILITIES:    
Accounts payable - trade and accrued liabilities 485,024 205,359
Accounts payable due to related party 171,981
Bank Line of Credit 2,000,000 1,000,000
Related party convertible note payable 1,000,000
Total current liabilities 2,485,024 2,377,340
LONG TERM LIABILITIES:    
Related party convertible notes payable 3,000,000
TOTAL LIABILITIES 2,485,024 5,377,340
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.0001 par value; authorized 300,000,000 shares; 23,640,621 and 9,182,470 shares issued and outstanding, at December 31, 2018 and December 31, 2017, respectively 2,364 918
Additional paid-in capital 39,541,301 27,692,067
Accumulated Deficit (38,472,090) (29,996,777)
Total stockholders' equity (deficit) 1,071,575 (2,303,792)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 3,556,599 $ 3,073,548

Source