Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 359,577 $ 249,831
Short-term Investments 810,000
Accounts receivable, net 46,376 4,862
Inventory 186,989 163,720
Other current assets 93,833
Total current assets 1,496,775 418,413
Property and equipment, net 12,430 13,568
Other assets:    
Investments 408,077 695,477
Security deposit 2,500 2,500
Total assets 1,919,782 1,129,958
Current liabilities:    
Accounts payable 416,444 306,561
Accrued compensation 454,316
Accrued liabilities 216,946 40,155
Debt obligation of Joint venture 289,742 1,500,000
Notes payable, related party 287,140 542,573
Convertible notes payable, net of debt discount of $896,180 and $924,340, respectively 1,132,668 394,555
Warrant liability 5,859,635
Derivative liability 2,256,631 1,934,097
Total current liabilities 5,053,887 10,577,576
Long term debt:    
Convertible notes payable, net of debt discount of $0 and $308,280, respectively 172,856
Derivative liability 697,278
Total long term debt 870,134
Total liabilities 5,053,887 11,447,710
Stockholders' deficit:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of December 31, 2018 and 2017, respectively 10,000 10,000
Common stock, $0.001 par value; 5,000,000,000 shares authorized; 2,561,238,082 and 2,103,464,006 shares issued and outstanding as of December 31, 2018 and 2017, respectively 2,561,238 2,103,464
Common stock subscriptions 90,000
Additional paid in capital 48,188,552 30,456,888
Accumulated deficit (53,983,895) (42,888,104)
Total stockholders' deficit (3,134,105) (10,317,752)
Total liabilities and stockholders' deficit 1,919,782 1,129,958
Class A Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of December 31, 2018 and 2017, respectively 10,000 10,000
Total stockholders' deficit 10,000 10,000
Total liabilities and stockholders' deficit $ 10,000 $ 10,000