Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash $ 438,432 $ 72,700
Marketable Securities 5,011,607 50,001
Trade Receivables, net 1,490,985 601,271
Trade Receivables - Related Party, net 125,001 31,892
Deposits and other receivables 16,590 23,782
Inventories, net 1,845,281 2,036,521
Prepaid expenses 145,488 168,277
Prepaid expenses - Related Party 251,499 202,500
Total Current Assets 9,324,883 3,186,944
Non-Current Assets    
Prepaid expenses - Related Party 120,118 270,183
Property, Plant and Equipment, net 235,113 259,392
Intangible Assets, net 1,130,667 1,301,775
Other Assets 76,093 66,813
Total Non-Current Assets 1,561,991 1,898,163
Total Assets 10,886,874 5,085,107
Current Liabilities    
Trade and Other Payables 1,733,216 1,463,363
Trade and Other Payables - Related Party 39,821 234,067
Total Current Liabilities 1,773,037 1,697,430
Total Liabilities 1,773,037 1,697,430
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, 1,755 and 0 shares issued and outstanding as of December 31, 2017 and 2016 1,755,000
Common Stock, No par value, 500,000,000 shares authorized, 44,220,552 and 5,452,545 issued and outstanding as of December 31, 2017 and 2016 110,647,169 100,891,786
Deferred Compensation (3,469) (24,572)
Accumulated Deficit (103,284,863) (97,479,537)
Accumulated Other Comprehensive Income
Total Stockholders' Equity 9,113,837 3,387,677
Total Liabilities and Stockholders' Equity $ 10,886,874 $ 5,085,107