Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Shareholders??? Equity (Deficit)

v3.19.1
Consolidated Statements of Changes in Shareholders’ Equity (Deficit) - USD ($)
Common Stock
Additional Paid-in Capital
Subscription Receivable
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2016 $ 45,203 $ 14,908,058 $ (14,554,864) $ 398,397
Beginning balance, shares at Dec. 31, 2016 45,203,180        
Member units issued for cash $ 514 436,986 437,500
Member units issued for cash, shares 514,455        
Beneficial conversion feature on convertible note payable 10,000 10,000
Stock option exercise compensation 60,000 60,000
Accretion of stock option expense   6,712,752 6,712,752
Net loss (8,299,692) (8,299,692)
Ending balance at Dec. 31, 2017 $ 45,717 22,127,796 (22,854,556) (681,043)
Ending balance, shares at Dec. 31, 2017 45,717,635        
Beneficial conversion feature on convertible note payable 260,000 260,000
Stock option exercise compensation 60,000 60,000
Accretion of stock option expense 4,518,829 4,518,829
Recapitalization of Company $ 9,106 178,295 187,401
Recapitalization of Company, shares 9,106,250        
Shares issued for conversion of accrued compensation $ 12,695 650,760 663,455
Shares issued for conversion of accrued compensation, shares 12,694,893        
Common shares issued for cash $ 3,132 1,264,368 1,267,500
Common shares issued for cash, shares 3,132,337        
Common shares issued for conversion of debt $ 137 105,696 105,833
Common shares issued for conversion of debt, shares 136,894        
Common shares issued for services $ 6,690 112,060 118,750
Common shares issued for services 6,689,575        
Common shares issued for settlement and debt extinguishment $ 816 467,878 468,694
Common shares issued for settlement and debt extinguishment, shares 815,957        
Exercise of stock options $ 2,651 232,109 234,760
Exercise of stock options, shares 2,650,525        
Forfeiture of non-vested shares $ (485) 485
Forfeiture of non-vested shares, shares (485,060)        
Accretion of stock-based compensation 1,885,417 1,885,417
Net loss (9,904,719) (9,904,719)
Ending balance at Dec. 31, 2018 $ 80,459 $ 31,863,693 $ (32,759,275) $ (815,123)
Ending balance, shares at Dec. 31, 2018 80,459,006