Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 296,907 $ 687,185
Accounts receivable 873 5,011
Prepaid expenses and other current assets 319,460 82,710
Inventory, net 41,564 55,116
Total current assets 658,804 830,022
Property and equipment, net 2,690 1,577
Intangible assets, net 455,357 503,571
Goodwill 69,782 69,782
Total assets 1,186,633 1,404,952
Current liabilities:    
Accounts payable 270,667 319,474
Accrued expenses and other current liabilities 447,603 347,405
Deferred revenue 112,162 112,162
Notes payable - related party, current portion 281,532 297,820
Convertible notes payable, related party, net of discount, current portion 1,268,137
Convertible notes payable, net of discount, current portion 989,985  
Derivative liability, current portion 798,503
Total current liabilities 4,168,589 1,076,861
Convertible notes payable, related party, net of discount 754,461
Convertible notes payable, net of discount 364,619
Warrant liability 1,474,139 1,093,765
Derivative liability 1,234,106
Total liabilities 5,642,728 4,523,812
COMMITMENTS AND CONTINGENCIES (Note 9)
Stockholders' deficit:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized: Series A Preferred stock, 150,000 shares authorized, 45,000 and 0 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively. 45
Common stock, $0.001 par value, 200,000,000 shares authorized, 49,937,163 and 46,702,836 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively. 49,937 46,703
Additional paid-in capital 15,289,281 15,060,616
Accumulated deficit (19,795,358) (18,226,179)
Total stockholders' deficit (4,456,095) (3,118,860)
Total liabilities and stockholders' deficit $ 1,186,633 $ 1,404,952