Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet (Unaudited)

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Balance Sheet (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 21,153 $ 40,995
Accounts receivable 4,662 0
Prepaid expenses and other current assets 432,450 78,356
Inventory 102,851 109,751
Total current assets 561,116 229,102
Property and equipment, net 4,379 7,668
Intangible assets, net 535,714 567,857
Goodwill 69,782 69,782
Other assets 0 3,625
Total assets 1,170,991 878,034
Current liabilities:    
Accounts payable 522,734 575,068
Accrued expenses and other current liabilities 247,543 278,225
Deferred revenue 164,285 164,285
Notes payable - related party, current portion 297,820 20,000
Total current liabilities 1,232,382 1,037,578
Convertible notes payable, related party, net of discount 464,200 93,177
Notes payable - related parties, net of current portion 0 277,820
Total liabilities 1,696,582 1,408,575
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, 400,000,000 shares authorized, 44,319,507 and 39,319,507 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively. 44,319 39,319
Common stock subscribed 200,000 200,000
Additional paid-in capital 14,505,795 13,718,795
Accumulated deficit (15,275,705) (14,488,655)
Total stockholders' deficit (525,591) (530,541)
Total liabilities and stockholders' deficit $ 1,170,991 $ 878,034