Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet (Unaudited)

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Balance Sheet (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 922,927 $ 40,995
Accounts receivable 7,608 0
Prepaid expenses and other current assets 73,539 78,356
Inventory 100,451 109,751
Total current assets 1,104,525 229,102
Property and equipment, net 2,789 7,668
Intangible assets, net 519,643 567,857
Goodwill 69,782 69,782
Other assets 0 3,625
Total assets 1,696,739 878,034
Current liabilities:    
Accounts payable 286,535 575,068
Accrued expenses and other current liabilities 247,544 278,225
Deferred revenue 164,285 164,285
Notes payable - related party, current portion 297,820 20,000
Total current liabilities 996,184 1,037,578
Convertible notes payable, related party, net of discount 609,330 93,177
Convertible notes payable 110,987 0
Warrant liability 2,157,978 0
Derivative liability 2,623,013 0
Notes payable - related parties, net of current portion 0 277,820
Total liabilities 6,497,492 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, 45,508,396 and 39,319,507 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively. 45,508 39,319
Common stock subscribed 200,000 200,000
Additional paid-in capital 14,849,372 13,718,795
Accumulated deficit (19,895,633) (14,488,655)
Total stockholders' deficit (4,800,753) (530,541)
Total liabilities and stockholders' deficit $ 1,696,739 $ 878,034