Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 12,467 $ 137,279
Accounts receivable 384 588
Prepaid expenses and other current assets 908,091 214,539
Inventory, net 1,013 38,541
Total current assets 921,955 390,947
Property and equipment, net 2,132 3,565
Intangible assets, net 515,212 439,286
Goodwill 69,782
Total assets 1,439,299 903,580
Current liabilities:    
Accounts payable 509,818 299,257
Accrued expenses and other current liabilities 1,160,643 352,526
Deferred revenue 104,782 104,782
Convertible note payable - related party, net of discount, current portion 1,371,668 1,017,143
Convertible notes payable, net of discount, current portion 250,000 1,207,291
Notes payable - related parties, current portion 758,257 277,820
Note payable marketing agreement 450,000
Derivative liability, current portion 54,242 429,141
Total current liabilities 4,659,410 3,687,960
Warrant liability 925,806 1,099,200
Total liabilities 5,585,216 4,787,160
COMMITMENTS AND CONTINGENCIES (See Note 12)
Stockholders' deficit:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized: Series A Preferred stock, 150,000 shares designated, 82,500 and 55,000 shares issued and outstanding at December 31, 2018 and 2017, respectively 83 55
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 110,131,373 and 64,437,163 shares issued and outstanding at December 31, 2018 and 2017, respectively 110,131 64,437
Additional paid-in capital 19,156,138 15,862,980
Accumulated deficit (23,412,269) (19,811,052)
Total stockholders' deficit (4,145,917) (3,883,580)
Total liabilities and stockholders' deficit $ 1,439,299 $ 903,580