Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash $ 197,175 $ 72,700
Marketable Securities 1,011,625 50,001
Trade Receivables, net 927,534 601,271
Trade Receivables - Related Party, net 125,001 31,892
Deposits and other receivables 13,090 23,782
Inventories, net 2,166,699 2,036,521
Prepaid expenses 147,526 168,277
Prepaid expenses - Related Party 317,439 202,500
Total Current Assets 4,906,089 3,186,944
Non-Current Assets    
Prepaid expenses - Related Party 108,353 270,183
Property, Plant and Equipment, net 260,756 259,392
Intangible Assets, net 1,216,221 1,301,775
Other Assets 71,143 66,813
Total Non-Current Assets 1,656,473 1,898,163
Total Assets 6,562,562 5,085,107
Current Liabilities    
Trade and Other Payables 1,413,141 1,463,363
Trade and Other Payables - Related Party 33,911 234,067
Total Current Liabilities 1,447,052 1,697,430
Total Liabilities 1,447,052 1,697,430
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, no shares issued and outstanding as of June 30, 2017 and December 31, 2016
Common Stock, No par value, 500,000,000 shares authorized, 8,901,245 and 5,452,545 issued and outstanding as of June 30, 2017 and December 31, 2016 104,624,119 100,891,786
Deferred Compensation (14,163) (24,572)
Accumulated Deficit (99,495,455) (97,479,537)
Accumulated Other Comprehensive Income 1,009
Total Stockholders' Equity 5,115,510 3,387,677
Total Liabilities and Stockholders' Equity $ 6,562,562 $ 5,085,107