Financials

v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash $ 69,491 $ 43,888
Accounts receivable trade, net 235,606 77,700
Inventories 986,054 1,434,411
Prepaid expenses and other current assets 62,848 133,361
Total current assets 1,353,999 1,689,360
Furniture, fixtures and equipment, net 145,518 185,433
Operating lease right of use assets 41,928
Inventory not expected to be realized within one year 960,960 479,486
Deposits 18,336 16,086
Total assets 2,520,741 2,370,365
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable 265,083 133,303
Accrued expenses 195,592 634,791
Customer deposit 721
Operating lease liability - current portion 24,216
Insurance premium finance contract 9,966 63,364
Total current liabilities 495,578 831,458
Operating lease liability 17,962
Convertible notes - related party, net of discounts 974,275 969,186
Convertible line of credit - related party, net of discounts 5,422,080 5,328,530
Total liabilities 6,909,895 7,129,174
Commitments and contingencies (Note 6)
Stockholders' deficit    
Preferred stock: $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding
Common stock: $0.001 par value; 200,000,000 shares authorized; 87,294,690 and 74,914,703 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively. 87,295 74,915
Additional paid in capital 49,720,583 47,285,967
Accumulated deficit (54,197,032) (52,119,691)
Total stockholders' deficit (4,389,154) (4,758,809)
Total liabilities and stockholders' deficit $ 2,520,741 $ 2,370,365

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v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Sales $ 397,557 $ 181,469 $ 660,436 $ 570,505
Cost of goods sold 124,399 53,411 205,597 184,641
Gross profit 273,158 128,058 454,839 385,864
Operating expenses:        
Selling, general and administrative expenses 1,136,408 1,011,289 2,141,299 2,017,923
Research and development 17,735 10,239 33,561 22,830
Total operating expenses 1,154,143 1,021,528 2,174,860 2,040,753
Loss from operations (880,985) (893,470) (1,720,021) (1,654,889)
Other income (expense)        
Interest income 3 3 3 8
Interest expense (179,816) (211,216) (357,323) (423,748)
Total other income (expense) (179,813) (211,213) (357,320) (423,740)
Net loss $ (1,060,798) $ (1,104,683) $ (2,077,341) $ (2,078,629)
Net loss per common share - basic and diluted $ (0.01) $ (0.02) $ (0.03) $ (0.04)
Weighted average shares outstanding - basic and diluted 85,388,588 58,253,159 81,803,910 56,487,308

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v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Reconciliation of net loss to net cash used in operating activities:    
Net loss $ (2,077,341) $ (2,078,629)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 10,653
Depreciation 44,982 44,992
Amortization of right of use assets 8,385
Amortization of debt discounts 98,639 98,166
Stock issued for services 3,800
Options issued for services 15,572 30,703
Employee stock option compensation expense 98,994 133,683
Changes in assets and liabilities:    
Accounts receivable (168,559) 9,332
Inventories (33,117) (145,384)
Prepaid expenses and other current assets 70,513 49,375
Other assets (2,250)
Accounts payable 111,780 84,279
Accrued expenses 300,431 299,323
Settlement accrual (26,789)
Operating lease liability (8,135)
Customer deposits 721
Deferred revenue (6,667)
Net cash used in operating activities (1,524,932) (1,507,616)
Cash flows from Investing Activities    
Purchases of equipment (5,067) (1,257)
Net cash used in investing activities (5,067) (1,257)
Cash flows from Financing Activities    
Proceeds from sale of stock under stock purchase agreement 210,555
Proceeds from sale of stock and warrants 1,525,000 1,115,000
Proceeds from sale of stock 84,000
Proceeds from advances on convertible line of credit with related parties 200,000
Payments on insurance finance contract (53,398) (43,539)
Net cash provided by financing activities 1,555,602 1,482,016
Net increase (decrease) in cash and cash equivalents 25,603 (26,857)
Cash and cash equivalents - beginning 43,888 151,184
Cash and cash equivalents - ending 69,491 124,327
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 1,382 1,129
Cash paid for income taxes
Supplementary Disclosure of Non-cash Investing and Financing Activities:    
Beneficial conversion feature of convertible notes 9,661
Loan discount from warrants 9,661
Operating lease right of use assets and lease obligation 50,313
Stock issued for accrued interest $ 719,631 $ 506,875

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