Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash $ 31,451 $ 243,753
Accounts receivable 34,454 157,082
Inventories 1,424,801 1,480,380
Deposits and other assets 119,066 119,066
Prepaid expenses 22,768 24,083
Total current assets 1,632,540 2,024,364
INTANGIBLE ASSETS, net 429,860 434,534
RIGHT TO USE LEASED ASSETS 26,298
TOTAL ASSETS 2,088,698 2,458,898
CURRENT LIABILITIES    
Accrued payroll and payroll related expenses, current portion 3,437,083 3,428,011
Accounts payable and accrued expenses 1,591,005 1,996,097
Shareholder note payable 75,000
Fees payable to directors 418,546 418,546
Accrued separation costs, current portion 9,000 9,000
Current portion of notes payable, net of discount 476,159
Employee settlement 50,000 50,000
Lease liability, current portion 17,129
Derivative liability on convertible note payable 32,615
Total current liabilities 6,106,537 5,901,654
NON-CURRENT LIABILITIES    
Notes payable, net of current portion 1,000,000
Accrued separation costs, less current portion 88,135 92,635
Lease liability, less current portion 9,169
Total non-current liabilities 1,097,304 92,635
COMMITMENTS AND CONTINGENCIES
Total liabilities 7,203,841 5,994,289
STOCKHOLDERS' DEFICIT    
Preferred Stock - $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively
Common stock - $0.001 par value; 400,000,000 shares authorized, 136,640,761 and 133,888,573 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 136,641 133,889
Additional paid-in-capital 58,908,648 58,274,038
Accumulated deficit (64,160,432) (61,943,318)
Total stockholders' deficit (5,115,143) (3,535,391)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 2,088,698 $ 2,458,898