Consolidated Balance Sheets - USD ($)
|
Sep. 30, 2017 |
Dec. 31, 2016 |
| CURRENT ASSETS: |
|
|
| Cash |
$ 1,764,389
|
$ 2,015,214
|
| Accounts receivable - trade |
100,749
|
394,000
|
| Inventory, net |
735,161
|
459,885
|
| Prepaid expenses and deposits |
71,274
|
120,614
|
| Total current assets |
2,671,573
|
2,989,713
|
| PROPERTY AND EQUIPMENT, at cost: |
180,302
|
179,627
|
| Less - accumulated depreciation |
(87,134)
|
(60,784)
|
| Net property and equipment |
93,168
|
118,843
|
| OTHER ASSETS: |
|
|
| Goodwill |
99,799
|
99,799
|
| Intangible assets, net |
1,070,667
|
1,289,667
|
| Total other assets |
1,170,466
|
1,389,466
|
| TOTAL ASSETS |
3,935,207
|
4,498,022
|
| CURRENT LIABILITIES: |
|
|
| Accounts payable - trade and accrued liabilities |
149,922
|
293,922
|
| Accounts payable due to related party |
188,217
|
46,849
|
| Bank Line of Credit |
1,000,000
|
|
| Related party convertible note payable, net of discount of $0 and $2,092,156, respectively |
1,000,000
|
907,844
|
| Derivative liability |
|
1,832,013
|
| Total current liabilities |
2,338,139
|
3,080,628
|
| LONG TERM LIABILITIES: |
|
|
| Related party convertible notes payable |
3,000,000
|
|
| TOTAL LIABILITIES |
5,338,139
|
3,080,628
|
| COMMITMENTS AND CONTINGENCIES |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Common stock, $.0001 par value; authorized 300,000,000 shares; 9,182,470 and 8,682,220 shares issued and outstanding, at September 30, 2017 and December 31, 2016 |
918
|
868
|
| Additional paid-in capital |
25,918,859
|
21,089,301
|
| Retained Deficit |
(27,322,709)
|
(19,672,785)
|
| Total stockholders' equity (deficit) |
(1,402,932)
|
1,417,394
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
3,935,207
|
4,498,022
|
| Convertible Preferred stock, Series A |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible Preferred stock value |
|
10
|
| Convertible Preferred stock, Series B |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible Preferred stock value |
|
|
| Convertible Preferred stock, Series B-1 |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible Preferred stock value |
|
|
| Convertible Preferred stock, Series C |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible Preferred stock value |
|
|
| Convertible Preferred stock, Series D |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible Preferred stock value |
|
|
| Convertible Preferred stock, Series E |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible Preferred stock value |
|
|
| Convertible Preferred stock, Series F |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible Preferred stock value |
|
|
| Convertible Preferred stock, Series G |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible Preferred stock value |
|
|