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v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 41,889 $ 119,028
Inventory 163,734 180,503
Prepaid expenses and other current assets 4,526 821
Total current assets 210,149 300,352
Tooling in process 173,854
Property and equipment, net 32,838 66,832
Other assets 23,983 32,580
Total assets 440,824 399,764
Current liabilities:    
Accounts payable 1,650,327 1,293,443
Customer deposits 18,431 20,107
Accrued liabilities 565,036 454,413
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 265,750 295,750
Derivative liability 1,626,216 2,596,005
Total current liabilities 4,279,591 4,708,549
Customer deposits 8,087 8,954
Total liabilities 4,287,678 4,717,503
Redeemable Series B Preferred stock, $0.001 par value; 300,000 shares authorized 107,000 and 296,700 shares issued and outstanding as of June 30, 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 June 30, 2018 and December 31, 2017, respectively
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 3,849,270,211 and 1,859,397,541 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 3,849,270 1,859,397
Additional paid-in capital 21,834,253 19,818,536
Accumulated deficit (31,563,377) (31,632,972)
Total stockholders' deficit (5,879,854) (9,955,039)
Total liabilities and stockholders' deficit $ 440,824 $ 399,764

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v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Sales        
Product revenue $ 84,061 $ 119,661 $ 150,905 $ 197,680
Product service revenue 6,122 6,149 11,577 13,521
Licensing revenue 3,641 7,771
Total sales 93,824 125,810 170,253 211,201
Cost of goods sold        
Product costs 35,762 27,187 62,100 61,035
Total cost of sales 35,762 27,187 62,100 61,035
Gross profit 58,062 98,623 108,153 150,166
Operating Expenses        
Research and development 39,218 27,724 272,308 48,007
Sales and marketing 58,872 476,347 111,125 673,393
General and administrative 312,282 303,587 557,929 864,614
Total operating expenses 410,372 807,658 941,362 1,586,014
Loss from operations (352,310) (709,035) (833,209) (1,435,848)
Other income (expense)        
Interest expense, net (7,951) (13,282) (16,702) (283,288)
Change in fair value of derivative liability (327,117) 3,711,673 1,191,940 119,842
Derivative expense (127,513) (228,249) (281,515) (866,431)
Gain (loss) on settlement of debt 71,701 4,500 198,261
Gain on forfeiture of technology transfer deposit 135,000 135,000
Gain on extinguishment of debt 4,581 4,581
Total Other income (expense) (458,000) 3,676,843 902,804 (696,616)
Income (loss) before provision for income taxes (810,310) 2,967,808 69,595 (2,132,464)
Provision for income taxes
Net income (loss) $ (810,310) $ 2,967,808 $ 69,595 $ (2,132,464)
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 3,007,985,341 1,574,702,974 2,452,630,014 1,348,619,233
Weighted average common shares outstanding - diluted 3,007,985,341 5,038,598,230 3,999,109,821 1,348,619,233

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v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 69,595 $ (2,132,464)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 33,994 40,114
Common stock issued in exchange for services 245,750 473,800
Change in fair value of derivative liability (1,191,940) (119,842)
Derivative expense 281,515 866,431
Gain on settlement of accrued payroll (44,005)
Gain on settlement of vendor liabilities (4,500) (154,255)
Stock based compensation 1,971 247,420
Loss on extinguishment of debt (4,581)
Bad debt expense
Interest expense related to amortization of debt issuance costs and debt discount 260,420
Changes in assets and liabilities:    
Inventory 16,769 (7,917)
Prepaid expenses and other assets 18,178 33,227
Accounts payable and accrued liabilities 492,284 357,103
Customer deposits 2,680
Long term obligations (10,312)
Current portion leases payable (742)
Net cash provided by (used in) operating activities (38,285) (191,022)
Cash flows from investing activity:    
Tooling in process (173,854)
Net cash used in investing activity (173,854)
Cash flows from financing activities    
Proceeds from the issuance of common stock 245,500
Proceeds from due to related party 105,000 135,000
Repayment of related party loans (20,000)
Proceeds from the issuance of convertible notes payable, net of issuance costs 30,000
Repayments on asset based loans (99,429)
Net cash provided by financing activities 135,000 261,071
Net change in cash (77,139) 70,049
Cash, beginning of period 119,028 38,203
Cash, end of period 41,889 108,252
Supplemental cash flow information:    
Interest paid 12,023
Taxes paid
Supplemental disclosure of non-cash investing and financing activities:    
Settlement of debt with convertible note 60,000 535,288
Common stock issued for settlement of vendor liabilities 25,500
Conversion of convertible debt to common stock 114,783 472,223
Conversion of convertible preferred stock to common stock 3,604,300
Derivative cease to exist upon conversion of notes $ 1,656,420

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