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v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 103,537 $ 102,698
Accounts receivable, net
Inventory 208,687 114,031
Total current assets 312,224 216,729
Tooling in process 173,854 173,854
Property and equipment, net 14,362 26,748
Other assets 13,983 18,983
Total assets 514,423 436,314
Current liabilities:    
Accounts payable 1,039,542 1,101,853
Customer deposits 215,952 69,330
Accrued liabilities 736,164 692,071
Leases payable 2,756 2,756
Due to related party 1,075 1,075
Convertible notes payable, net of debt discount 661,439 436,177
Derivative liability 1,352,547 1,222,186
Preferred shares liability 2,850,401 2,850,401
Warrant liability 2,165,282 6,267,426
Total current liabilities 9,025,157 12,643,275
Total liabilities 9,025,157 12,643,275
Redeemable Series B Preferred stock, $0.001 par value; 10,000,000 shares authorized 107,000 and 107,000 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 2,033,000 2,033,000
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 June 30, 2019 and December 31, 2018, respectively
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 4,435,372,829 and 3,905,200,946 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 4,435,372 3,905,201
Additional paid-in capital 22,746,911 21,820,069
Accumulated deficit (37,726,017) (39,965,231)
Total stockholders' deficit (10,543,734) (14,239,961)
Total liabilities and stockholders' deficit $ 514,423 $ 436,314

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v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Sales        
Product revenue $ 84,061 $ 1,251 $ 150,905
Product service revenue 6,122 288 11,577
Licensing revenue 867 3,641 867 7,771
Total sales 867 93,824 2,406 170,253
Cost of goods sold        
Product costs 10,630 35,762 27,513 62,100
Total cost of sales 10,630 35,762 27,513 62,100
Gross profit (9,763) 58,062 (25,107) 108,153
Operating Expenses        
Research and development 12,251 39,218 26,184 272,308
Sales and marketing 10,123 58,872 64,413 111,125
General and administrative 105,968 312,282 532,890 557,929
Total operating expenses 128,342 410,372 623,487 941,362
Loss from operations (138,105) (352,310) (648,595) (833,209)
Other income (expense)        
Interest expense, net (326,905) (7,951) (473,259) (16,702)
Change in fair value of derivative liability (46,442) (327,117) 88,802 1,191,940
Change in fair value of warrant liability 2,603,135 3,419,105
Derivative expense (18,092) (127,513) (18,092) (281,515)
Gain (loss) on settlement of debt 4,500
Gain (loss) on extinguishment of debt (19,536) 4,581 (19,535) 4,581
Loss on settlement of vendor liability (109,212) (109,212)
Total Other income (expense) 2,082,948 (458,000) 2,887,809 902,804
Income (Loss) before provision for income taxes 1,944,843 (810,310) 2,239,214 69,595
Provision for income taxes
Net income (loss) 1,944,843 (810,310) 2,239,214 69,595
Dividends (10,700) (21,400)
Net income (loss) attributable to common shareholders $ 1,934,143 $ (810,310) $ 2,217,814 $ 69,595
Income (loss) per share        
Basic $ 0.00 $ (0.00) $ 0.00 $ 0.00
Diluted $ 0.00 $ (0.00) $ 0.00 $ 0.00
Weighted average common shares outstanding - basic 4,261,863,744 3,007,985,341 4,151,099,739 2,452,630,014
Weighted average common shares outstanding - diluted 8,711,025,440 3,007,985,341 8,600,261,434 3,999,109,821

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v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 2,239,214 $ 69,595
Adjustments to reconcile net income to net cash (used in) operating activties:    
Depreciation and amortization 12,386 33,994
Common stock issued for services 245,750
Change in fair value of derivative liability (88,802) (1,191,940)
Change in fair value of warrant liability (3,419,105)
Principal Increase Upon Default 38,900
Derivative expense 18,092 281,515
(Gain) / Loss on settlement of vendor liabilities 109,212 (4,500)
Stock based compensation 162,844 1,971
Loss on extinguishment of debt 19,535 (4,581)
Interest expense related to amortization of debt issuance costs and debt discount 345,351
Changes in assets and liabilities:    
Inventory (94,656) 18,178
Prepaid expenses and other assets 5,000 33,227
Accounts payable and accrued liabilities 151,247 492,284
Customer deposits 146,622 2,680
Net cash provided by (used in) operating activities (354,160) (38,285)
Cash flows from investing activities:    
Tooling in process (173,854)
Net cash used in financing activities (173,854)
Cash flows from financing activities:    
Proceeds from due to - related party 105,000
Proceeds from the issuance of convertible notes payable, net of issuance costs 355,000 30,000
Net cash provided by financing activities 355,000 135,000
Net change in cash 839 (77,139)
Cash, beginning of period 102,698 119,028
Cash, end of period 103,537 41,889
Supplemental cash flow information:    
Interest paid
Taxes paid
Supplemental disclosure of non-cash investing and financing activities:    
Settlement of debt with convertible note 60,000
Stock issued for settlement of vendor liabilities 160,788 25,500
Conversion of convertible debt and derivatives to common stock 321,596 114,783
Conversion of convertible preferred stock to common stock 3,604,300
Reclassification of warrant liability to additional paid-in capital upon Exercise of warrant $ 845,883

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