Balance Sheet

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 938,692 $ 615,375
Accounts receivable - trade 44,409 110,065
Inventory, net 647,054 991,697
Prepaid expenses and deposits 90,754 103,008
Total current assets 1,720,909 1,820,145
PROPERTY AND EQUIPMENT, at cost: 176,706 253,444
Less - accumulated depreciation (99,103) (97,507)
Net property and equipment 77,603 155,937
OTHER ASSETS:    
Goodwill 99,799 99,799
Intangible assets, net 924,667 997,667
Total other assets 1,024,466 1,097,466
TOTAL ASSETS 2,822,978 3,073,548
CURRENT LIABILITIES:    
Accounts payable - trade and accrued liabilities 108,930 205,359
Accounts payable due to related party 172,634 171,981
Bank Line of Credit 1,250,000 1,000,000
Related party convertible note payable, net of discount of $0 and $0, respectively 1,250,000 1,000,000
Total current liabilities 2,781,564 2,377,340
LONG TERM LIABILITIES:    
Related party convertible note payable 3,000,000 3,000,000
TOTAL LIABILITIES 5,781,564 5,377,340
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.0001 par value; authorized 300,000,000 shares; 9,182,470 and 9,182,470 shares issued and outstanding, at March 31, 2018 and December 31, 2017, respectively. 918 918
Additional paid-in capital 28,715,563 27,692,067
Retained Deficit (31,675,067) (29,996,777)
Total stockholders' equity (deficit) (2,958,586) (2,303,792)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 2,822,978 3,073,548
Convertible Preferred stock, Series A    
STOCKHOLDERS' EQUITY (DEFICIT):    
Convertible Preferred stock value
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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