Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.7.0.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 3,384,499 $ 398,391
Accounts Receivable, net 235,467 288,236
Note Receivable, net 762,034 0
Inventory 227,827 187,241
Prepaid Expense, Current 37,176 36,056
Total current assets 4,647,003 909,924
Property and Equipment, net 491,188 564,933
Intangible Assets, net 241,978 226,450
Investment in Joint Venture 500 500
Prepaid Stock Compensation 111,070 167,562
Total Other Assets 844,736 959,445
TOTAL ASSETS 5,491,739 1,869,369
Current liabilities:    
Accounts payable 137,605 112,175
Notes Payable, Current Portion 969,703 561,834
Accrued liabilities 165,336 125,116
Total current liabilities 1,272,644 799,125
Long-Term Liabilities    
Derivative liability 0 93,206
Total Long-Term Liability 0 93,206
TOTAL LIABILITIES 1,272,644 892,331
Shareholders' deficit:    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 4,570 3,135
Additional paid-in capital 15,908,185 10,734,857
Accumulated deficit (11,693,660) (9,760,954)
Total shareholders' deficit 4,219,095 977,038
Total liabilities and shareholders' deficit $ 5,491,739 $ 1,869,369