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v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 30,599 $ 119,028
Inventory 148,717 180,503
Prepaid expenses and other current assets 821
Total current assets 179,316 300,352
Tooling in process 173,854
Property and equipment, net 33,106 66,832
Other assets 21,483 32,580
Total assets 407,759 399,764
Current liabilities:    
Accounts payable 1,040,550 1,293,443
Customer deposits 42,171 20,107
Accrued liabilities 620,775 454,413
Current portion of leases payable 2,756 2,756
Due to related party 151,075 46,075
Convertible notes payable, current, net of debt discount 275,285 295,750
Derivative liability 503,478 2,596,005
Warrant liability 2,425,914
Total current liabilities 5,062,004 4,708,549
Customer deposits 7,646 8,954
Total liabilities 5,069,650 4,717,503
Redeemable Series B Preferred stock, $0.001 par value; 300,000 shares authorized 190,627 and 296,700 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 4,883,401 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 September 30, 2018 and December 31, 2017, respectively
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 3,877,641,423 and 1,859,397,541 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 3,877,641 1,859,397
Additional paid-in capital 21,919,007 19,818,536
Accumulated deficit (35,341,940) (31,632,972)
Total stockholders' deficit (9,545,292) (9,955,039)
Total liabilities and stockholders' deficit $ 407,759 $ 399,764

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v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Sales        
Product revenue $ 53,375 $ 104,650 $ 204,280 $ 315,851
Product service revenue 3,641 15,218
Licensing revenue 441 4,315 8,212 4,315
Total sales 57,457 108,965 227,710 320,166
Cost of goods sold        
Product costs 20,254 32,941 82,354 93,976
Total cost of sales 20,254 32,941 82,354 93,976
Gross profit 37,203 76,024 145,356 226,190
Operating Expenses        
Research and development 11,561 39,595 283,869 87,602
Sales and marketing 19,350 68,420 130,475 741,813
General and administrative 245,174 175,936 803,103 1,040,550
Total operating expenses 276,085 283,951 1,217,447 1,869,965
Loss from operations (238,882) (207,927) (1,072,091) (1,643,775)
Other income (expense)        
Interest expense, net (16,049) (47,234) (32,751) (330,522)
Change in fair value of derivative liability 625,074 (3,759) 1,817,014 116,083
Change in fair value of warrant liability 1,091,663 1,091,663
Derivative expense (133,489) (281,515) (999,920)
Gain (loss) on settlement of debt (4,500) 198,261
Gain on forfeiture of technology transfer deposit 135,000
Gain on extinguishment of debt 4,581
Loss on settlement of vendor liability (5,235,869) (5,235,869)
Total Other income (expense) (3,539,681) (184,482) (2,636,877) (881,098)
Income (loss) before provision for income taxes (3,778,563) (392,409) (3,708,968) (2,524,873)
Provision for income taxes
Net income (loss) $ (3,778,563) $ (392,409) $ (3,708,968) $ (2,524,873)
Income (loss) per share        
Basic and diluted $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted average common shares outstanding - basic and diluted 3,873,380,471 1,669,527,890 2,931,417,714 1,456,764,275

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v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ (3,708,968) $ (2,524,873)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 33,726 57,878
Common stock issued in exchange for services 473,800
Change in fair value of derivative liability (1,817,014) (160,088)
Change in fair value of warrant liability (1,091,663)
Interest expense related to debt issuance cost 999,920
Derivative expense 281,515
(Gain) / Loss on settlement of vendor liabilities 5,235,869 (154,255)
Stock based compensation 360,846 247,420
Gain on extinguishment of debt (4,581)
Interest expense related to amortization of debt issuance costs and debt discount 3,605 275,407
Changes in assets and liabilities:    
Inventory 31,786 (10,766)
Prepaid expenses and other assets 25,204 41,365
Tooling in process (173,854)
Accounts payable and accrued liabilities 554,344 399,378
Customer deposits 20,756
Long term obligations 16,265
Current portion leases payable (742)
Net cash used in operating activities (248,429) (339,291)
Cash flows from financing activities    
Proceeds from the issuance of common stock 245,500
Proceeds from note payable - related party 105,000 165,000
Repayment of related party loans (90,000)
Proceeds from note payable, net of debt discount and issuance cost 263,500
Proceeds from the issuance of convertible notes payable, net of issuance costs 55,000
Repayments on asset based loans (120,461)
Net cash provided by financing activities 160,000 463,539
Net change in cash (88,429) 124,248
Cash, beginning of period 119,028 38,203
Cash, end of period 30,599 162,451
Supplemental cash flow information:    
Interest paid 13,755
Taxes paid
Supplemental disclosure of non-cash investing and financing activities:    
Settlement of debt with convertible note 60,000 655,955
Stock issued for settlement of vendor liabilities 640,875
Conversion of convertible preferred stock to common stock 3,604,300
Derivative cease to exist upon conversion of notes $ 1,783,475

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