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v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 162,451 $ 38,203
Accounts receivable 27,851 27,851
Inventory 165,999 155,233
Prepaid expenses and other current assets 46,101 79,965
Total current assets 402,402 301,252
Property and equipment, net 82,800 138,883
Other assets 42,345 49,845
Total assets 527,547 489,980
Current liabilities:    
Asset based loans 120,460
Accounts payable 1,169,916 1,082,384
Customer deposits 33,032 16,767
Accrued liabilities 143,497 131,563
Current portion of leases payable 2,756 3,480
Due to related party 76,075 1,075
Convertible notes payable, current, net of debt discount 233,147
Derivative liability 833,742 1,812,441
Warrant liability 247,203
Total current liabilities 2,259,018 3,648,520
Convertible note payable - related party 200,000
Notes payable, net of debt discount and debt issuance costs 465,295
Total liabilities 2,724,313 3,848,520
Commitments and contingencies (Note 11)
Stockholders' deficit:    
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 1,726,528,964 and 645,060,704 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 1,726,529 645,061
Additional paid-in capital 25,000,731 22,395,552
Accumulated deficit (28,924,326) (26,399,453)
Total stockholders' deficit (2,196,766) (3,358,540)
Total liabilities and stockholders' deficit 527,547 489,980
Series A Preferred stock    
Stockholders' deficit:    
Preferred stock
Series B Preferred stock    
Stockholders' deficit:    
Preferred stock $ 300 $ 300

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v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Sales        
Product revenue $ 104,650 $ 134,240 $ 315,851 $ 506,880
Royalty revenue
Licensing revenue 4,315 4,315 68,000
Total sales 108,965 134,240 320,166 574,880
Cost of goods sold        
Product costs 32,941 79,434 93,976 285,123
Total cost of sales 32,941 79,434 93,976 285,123
Gross profit 76,024 54,806 226,190 289,757
Operating Expenses        
Research and development 39,595 111,315 87,602 352,407
Sales and marketing 68,420 1,588,884 741,813 1,792,496
General and administrative 175,936 276,182 1,040,550 1,416,440
Total operating expenses 283,951 1,976,381 1,869,965 3,561,343
Loss from operations (207,927) (1,921,575) (1,643,775) (3,271,586)
Other income (expense)        
Interest expense, net (47,234) (807,621) (330,522) (863,001)
Change in fair value of derivative liability (3,759) 198,338 116,083 198,338
Derivative expense (133,489) (999,920)
Gain (loss) on settlement of debt (335,952) 198,261 (409,887)
Gain on forfeiture of technology transfer deposit 135,000
Income (loss) before provision for income taxes (392,409) (2,866,810) (2,524,873) (4,346,136)
Provision for income taxes 1,850
Net income (loss) $ (392,409) $ (2,866,810) $ (2,524,873) $ (4,347,986)
Income (loss) per share        
Basic and diluted $ (0.00) $ (0.08) $ (0.00) $ (0.15)
Weighted average common shares outstanding - basic and diluted 1,669,527,890 34,235,772 1,456,764,275 29,750,062

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v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (2,524,873) $ (4,347,986)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 57,878 59,422
Impairment of assets   13,126
Common stock issued in exchange for services 473,800 304,237
Change in fair value of derivative liability (116,083)
Interest expense related to debt issuance costs 999,920 182,211
Gain on changes in fair value of derivative liability (44,005) (198,338)
Loss on settlement of debt 409,982
Gain on settlement of vendor liabilities (154,255)
Stock based compensation 247,420 377,669
Interest expense related to amortization of debt issuance costs and debt discount 275,407 549,000
Changes in assets and liabilities:    
Accounts receivable (29,695)
Inventory (10,766) 110,451
Prepaid expenses and other assets 41,365 34,251
Accounts payable and accrued liabilities 399,360 1,770,342
Customer deposits 68,852
Long term obligations 16,265
Current portion leases payable (724) 142
Long-term portion of leases payable (2,213)
Net cash used in operating activities (339,291) (698,547)
Cash flows from financing activities    
Proceeds from the issuance of common stock 245,500
Proceeds from note payable - related party 165,000 25,000
Repayment of related party loans (90,000)
Proceeds from note payable, net of debt discount and issuance costs 263,500
Proceeds from the issuance of convertible notes payable, net of issuance costs 490,122
Proceeds from issuance of asset based loans, net of issuance costs 300,000
Repayments on asset based loans (120,461) (76,503)
Net cash provided by financing activities 463,539 738,619
Net increase 124,248 40,072
Cash, beginning of period 38,203 143,680
Cash, end of period 162,451 183,752
Supplemental cash flow information:    
Interest paid 13,755 40,547
Taxes paid
Supplemental disclosure of non-cash investing and financing activities:    
Settlement of debt with convertible note 655,955
Derivative cease to exist upon conversion of notes 1,783,475
Debt discount recorded on convertible debt
Conversion of convertible notes payable to preferred stock $ 826,367

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