Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 102,698 $ 119,028
Inventory 114,031 180,503
Prepaid expenses and other current assets 821
Total current assets 216,729 300,352
Tooling in process 173,854
Property and equipment, net 26,748 66,832
Other assets 18,983 32,580
Total assets 436,314 399,764
Current liabilities:    
Accounts payable 1,101,853 1,293,443
Customer deposits 69,330 20,107
Accrued liabilities 692,071 454,413
Current portion of leases payable 2,756 2,756
Due to related party 1,075 46,075
Convertible notes payable, current, net of debt discount 436,177 295,750
Derivative liability 1,222,186 2,596,005
Preferred shares liability 2,850,401
Warrant liability 6,267,426
Total current liabilities 12,643,275 4,708,549
Customer deposits 8,954
Total liabilities 12,643,275 4,717,503
Redeemable Series B Preferred stock, $0.001 par value; 10,000,000 shares authorized 107,000 and 296,700 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 2,033,000 5,637,300
Commitments and contingencies
Stockholders' deficit:    
Series A Preferred stock, $0.001 par value; 51 shares authorized 51 and 51 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 3,905,200,946 and 1,859,397,541 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 3,905,201 1,859,397
Additional paid-in capital 21,820,069 19,818,536
Accumulated deficit (39,965,231) (31,632,972)
Total stockholders' deficit (14,239,961) (9,955,039)
Total liabilities and stockholders' deficit $ 436,314 $ 399,764