v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash $ 1,293,303 $ 2,236,837
Accounts receivable 123,286 37,243
Inventories 228,234 340,425
Deposits and other assets 119,066 90,831
Prepaid expenses 21,848 22,838
Total current assets 1,785,737 2,728,174
PROPERTY AND EQUIPMENT, net 813 1,901
INTANGIBLE ASSETS, net 423,331 426,610
TOTAL ASSETS 2,209,881 3,156,685
CURRENT LIABILITIES    
Accrued payroll and payroll related expenses 3,523,151 3,490,225
Accounts payable and accrued expenses 541,900 603,391
Fees payable to directors 418,546 418,546
Employee settlement 50,000 50,000
Total current liabilities 4,533,597 4,562,162
COMMITMENTS AND CONTINGENCIES
Total liabilities 4,533,597 4,562,162
STOCKHOLDERS' DEFICIT    
Preferred Stock - $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2018, and December 31, 2017, respectively
Common stock - $0.001 par value; 400,000,000 shares authorized, 122,859,700 and 122,674,516 shares issued and outstanding as of March 31, 2018, and December 31, 2017, respectively 122,860 122,675
Additional paid-in-capital 56,520,384 56,401,069
Deferred compensation (10,125)
Accumulated deficit (58,966,960) (57,919,096)
Total stockholders' deficit (2,323,716) (1,405,477)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 2,209,881 $ 3,156,685

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