v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash $ 2,236,837 $ 158,433
Accounts receivable 37,243
Inventories 340,425 10,827
Deposits and other assets 90,831 122,876
Prepaid expenses 22,838 19,919
Total current assets 2,728,174 312,055
PROPERTY AND EQUIPMENT, net 1,901 7,755
INTANGIBLE ASSETS, net 426,610 430,770
TOTAL ASSETS 3,156,685 750,580
CURRENT LIABILITIES    
Accrued payroll and payroll related expenses 3,490,225 3,510,464
Accounts payable and accrued expenses 603,391 657,094
Fees payable to directors 418,546 418,546
Employee settlement 50,000 50,000
Total current liabilities 4,562,162 4,636,104
COMMITMENTS AND CONTINGENCIES
Total liabilities 4,562,162 4,636,104
STOCKHOLDERS’ DEFICIT    
Preferred Stock - $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2017 and 2016, respectively
Common stock - $0.001 par value; 400,000,000 shares authorized, 122,674,516 and 85,068,709 shares issued and outstanding December 31, 2017 and 2016, respectively 122,675 85,069
Additional paid-in-capital 56,401,069 51,963,269
Deferred compensation (10,125)
Accumulated deficit (57,919,096) (55,933,862)
Total stockholders’ deficit (1,405,477) (3,885,524)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 3,156,685 $ 750,580

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