General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 1,129,863 $ 456,018
Accounts receivable, net of allowance for doubtful accounts of $0 and $7,914, respectively 30,440 31,855
Inventory 347,945 173,320
Other current assets 533,481 43,578
Total current assets 2,041,729 704,771
Property and equipment, net 502,146 12,856
Other Assets:    
Intangible assets, net 53,288
Lease deposits 49,376
Deferred offering costs 14,982
Total other assets 117,646
Total assets 2,661,521 717,627
Current Liabilities:    
Accounts payable 1,111,929 795,755
Secured promissory note, net of debt discount $72,038 10,063,208
Notes payable 3,882,868 3,865,558
Derivative liability 166,093
Advance from related party 155,645
Accrued expenses and other current liabilities 2,188,271 879,022
Total current liabilities 17,246,276 5,862,073
Long-Term Liabilities:    
Notes payable, net of debt discount of $0 and $162,659, respectively 300,000 2,777,341
Total long-term liabilities 300,000 2,777,341
Total liabilities 17,546,276 8,639,414
Stockholders' Deficit:    
Preferred stock - par value $0.0001: 10,000,000 shares authorized
Common stock - par value $0.0001; 350,000,000 shares authorized; 50,463,732 and 16,797,744 issued and outstanding 5,046 1,679
Additional paid in capital 17,491,734 12,361,205
Accumulated deficit (32,381,535) (20,284,671)
Total stockholders' Deficit (14,884,755) (7,921,787)
Total liabilities and stockholders' deficit $ 2,661,521 $ 717,627