Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash $ 97,681 $ 158,433
Accounts receivable 17,378
Inventory 41,734 10,827
Deposits and other assets 90,657 122,876
Prepaid expenses 17,601 19,919
Total current assets 265,051 312,055
PROPERTY AND EQUIPMENT, net 6,246 7,755
INTANGIBLE ASSETS, net 431,341 430,770
TOTAL ASSETS 702,638 750,580
CURRENT LIABILITIES    
Accrued payroll and payroll related expenses 3,528,874 3,510,464
Accounts payable and accrued expenses 713,328 657,094
Fees payable to directors 418,546 418,546
Employee settlement 50,000 50,000
Total current liabilities 4,710,748 4,636,104
COMMITMENTS AND CONTINGENCIES
Total liabilities 4,710,748 4,636,104
STOCKHOLDERS' DEFICIT    
Preferred Stock - $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2017 and December 31, 2016
Common stock - $0.001 par value; 400,000,000 shares authorized, 88,446,769 and 85,068,709 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 88,447 85,069
Additional paid-in-capital 52,288,141 51,963,269
Accumulated deficit (56,384,698) (55,933,862)
Total stockholders' deficit (4,008,110) (3,885,524)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 702,638 $ 750,580