Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 38,203 $ 143,680
Accounts receivable 27,851 10,702
Inventory 155,233 451,973
Prepaid expenses and other current assets 79,965 51,978
Total current assets 301,252 658,333
Property and equipment, net 138,883 233,064
Other assets 49,845 104,365
Total assets 489,980 995,762
Current liabilities:    
Asset based loans 120,460
Accounts payable 1,082,384 619,528
Customer deposits 16,767 9,467
Accrued liabilities 131,563 281,761
Current portion of leases payable 3,480 2,773
Due to related party 1,075 1,075
Convertible notes payable, current, net of debt discount 233,147 50,574
Derivative liability 1,812,441
Warrant liability 247,203
Total current liabilities 3,648,520 965,178
Convertible note payable - related party 200,000 175,000
Convertible notes payable 200,274
Other long-term obligations 2,721
Total liabilities 3,848,520 1,343,173
Commitments and contingencies (Note 11)
Stockholders' deficit:    
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 645,060,704 and 22,081,928 shares issued and outstanding as of December 31, 2016 and 2015, respectively 645,061 22,081
Additional paid-in capital 22,395,552 9,528,072
Accumulated deficit (26,399,453) (9,897,564)
Total stockholders' deficit (3,358,540) (347,411)
Total liabilities and stockholders' deficit 489,980 995,762
Series A Preferred stock    
Stockholders' deficit:    
Preferred stock par value
Series B Preferred stock    
Stockholders' deficit:    
Preferred stock par value $ 300