Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet (Unaudited)

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Balance Sheet (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 207,849 $ 157,278
Prepaid expenses and other current assets 108,664 89,408
Inventory 126,706 197,969
Total current assets 443,219 444,655
Property and equipment, net 10,982 14,417
Intangible assets 600,000 632,143
Goodwill 69,782 69,782
Other assets 2,125 2,125
Total assets 1,126,108 1,163,122
Current liabilities:    
Accounts payable 659,245 410,787
Accrued expenses and other current liabilities 421,235 278,177
Deferred revenue 164,285 101,675
Notes payable - related parties, current portion 20,000 0
Convertible notes payable, net of discount, current portion 202,863 0
Warrant liability 127,395 0
Derivative liabilities 252,014 0
Total current liabilities 1,847,037 790,639
Notes payable - related parties, net of current portion 277,820 297,820
Convertible notes payable, net of discount, net of current portion 12,007 0
Total liabilities 2,136,864 $ 1,088,459
COMMITMENTS AND CONTINGENCIES (Note 8)    
Stockholders' equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding 0 $ 0
Common stock, $0.001 par value, 200,000,000 shares authorized, 38,765,936 and 38,512,516 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 38,765 38,512
Additional paid-in capital 12,311,845 12,034,992
Accumulated deficit (13,361,366) (11,998,841)
Total stockholders' (deficit) equity (1,010,756) 74,663
Total liabilities and stockholders' (deficit) equity $ 1,126,108 $ 1,163,122