Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 6,726 $ 128,567
Accounts receivable, net 54,286 91,319
Inventory 22,452 8,977
Prepaid expenses and other current assets 109,843 31,199
Total Current Assets 193,307 260,062
OTHER ASSETS:    
Property, plant and equipment, net 50,911 57,405
Security deposit 9,628 8,977
Total Other Assets 60,539 66,382
TOTAL ASSETS 253,846 326,444
CURRENT LIABILITIES:    
Notes payable - related party 400,000 400,000
Convertible notes payable, net 135,283
Accounts payable 631,585 507,058
Accrued expenses 55,870 46,278
Accrued compensation 488,385 188,231
Subscription payable 100,000
Total Current Liabilities 1,811,123 1,141,567
Total Liabilities 1,811,123 1,141,567
Commitments and Contingencies (See Note 9)
SHAREHOLDERS' DEFICIT:    
Preferred stock: $0.10 par value, 1,000,000 shares authorized; none issued and outstanding at March 31, 2019 and December 31, 2018, respectively
Common stock: $0.001 par value, 500,000,000 shares authorized; 81,144,066 and 80,459,006 issued and outstanding at March 31, 2019 and December 31, 2018, respectively 81,144 80,459
Additional paid-in capital 33,481,277 31,863,693
Accumulated deficit (35,119,698) (32,759,275)
Total Shareholders’ Deficit (1,557,277) (815,123)
Total Liabilities and Shareholders’ Deficit $ 253,846 $ 326,444