Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash $ 1,301,418 $ 438,432
Marketable Securities 4,866,033 5,011,607
Trade Receivables, net 283,228 964,671
Deposits and other receivables 30,426 16,590
Deposits and other receivables - Related Party 30,243
Inventories, net 807,975 947,612
Prepaid expenses 513,348 145,488
Prepaid expenses - Related Party 77,500 251,499
Total Current Assets 7,910,171 7,775,899
Non-Current Assets    
Prepaid expenses - Related Party 273,411 120,118
Restricted Cash 500,000
Property, Plant and Equipment, net 258,611 235,113
Intangible Assets, net 1,002,336 1,130,667
Other Assets 76,093 76,093
Total Non-Current Assets 2,110,451 1,561,991
Total Assets 10,020,622 9,337,890
Current Liabilities    
Trade and Other Payables 2,254,199 1,745,216
Trade and Other Payables - Related Party 47,187 39,821
Total Current Liabilities 2,301,386 1,785,037
Total Liabilities 2,301,386 1,785,037
SHAREHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, 0 and 1,755 shares issued and outstanding as of September 30, 2018 and December 31, 2017 1,755,000
Common Stock, No par value, 500,000,000 shares authorized, 11,779,584 and 5,543,867 issued and outstanding as of September 30, 2018 and December 31, 2017 119,582,020 110,647,169
Deferred Compensation (3,469)
Comprehensive Loss (5,543)
Accumulated Deficit (111,857,241) (104,845,847)
Total Shareholders' Equity 7,719,236 7,552,853
Total Liabilities and Shareholders' Equity $ 10,020,622 $ 9,337,890