Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash $ 748,928 $ 892,814
Inventory 55,978 0
Prepaid expenses 136,706 364,822
Short-term receivable 150,000 0
Total Current Assets 1,091,612 1,257,636
Long Term Receivable 0 150,000
Property and Equipment, net of accumulated depreciation 95,159 97,590
Deposits 2,751 2,751
Total Assets 1,189,522 1,507,977
Current Liabilities    
Interest payable 69,222 69,222
Accounts payable 102,097 225,725
Accrued liabilities 90,000 459,800
Notes payable, current portion 61,131 126,086
Short-term note payable, net of debt discount 0 970,240
Total Current Liabilities 322,450 1,851,073
Long-Term Liabilities    
Notes payable, net of current portion 71,681 103,742
Deferred rent 1,179 1,179
Total Long-Term Liabilities 72,860 104,921
Total Liabilities 395,310 1,955,994
Stockholders' Equity (Deficit)    
Preferred stock - $.001 par value: 500,000 shares authorized, 12,740 shares issued and 12,740 shares outstanding at June 30, 2017 (unaudited), no shares issued and outstanding at December 31, 2016 13 0
Common stock - $.001 par value: 49,500,000 shares authorized, 17,966,591 and 14,855,181 shares issued and outstanding at June 30, 2017 (unaudited) and December 31, 2016, respectively 17,967 14,855
Additional paid-in capital 30,611,396 25,898,054
Accumulated deficit (29,835,164) (26,360,926)
Total Stockholders' Equity (Deficit) 794,212 (448,017)
Total Liabilities and Stockholders' Equity (Deficit) $ 1,189,522 $ 1,507,977