Balance Sheet

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 300,438 $ 421,869
Accounts Receivable 115,925 217,380
Inventory 41,580 40,408
Prepaid Expenses 396,058 361,642
Total Current assets 854,001 1,041,299
Property and equipment, net 85,426 87,628
Intangible assets, net 7,502,518 7,043,644
Total Assets 8,441,945 8,172,571
Current Liabilities    
Accounts payable and accrued expenses 2,935,128 2,633,610
Accounts payable and accrued expenses - related party 28,179 68,060
Accrued Interest 101,848 59,545
Accrued Interest - Related Party 218,563 180,066
Advances - related party 140,000 65,000
Wages Payable 2,440,078 2,133,210
Deferred Revenue 5,573 8,760
Short-term notes payable 50,232 50,232
Short term notes payable - related party 350,657  
Current Portion of Long Term Debt 400,000 400,000
Convertible notes, short term 9,552  
Convertible Notes, Short Term - Related Party 521,172 521,172
Total Current Liabilities 7,200,982 6,119,655
Noncurrent Liabilities    
Contingent Liability 37,500 37,500
Notes payable 266,658 366,658
Convertible notes, long term, net of discounts 111,641 80,404
Total Liabilities 7,616,781 6,604,217
Stockholders' Equity    
Preferred Stock, Par Value $0.001, 10,000,000 shares authorized; 3,594,610 and 3,639,783 issued and outstanding at March 31, 2018 and December 31, 2017, respectively 3,595 3,640
Common Stock, Par Value $0.001, 200,000,000 shares authorized; 77,922,902 and 77,063,171 issued and outstanding at March 31, 2018 and December 31, 2017, respectively 77,923 77,063
Additional Paid-In Capital 53,874,800 51,384,027
Accumulated Deficit (53,131,154) (49,896,376)
Total Stockholders' Equity 825,164 1,568,354
Total Liabilities and Stockholders' Equity $ 8,441,945 $ 8,172,571

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