Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash $ 135,133 $ 72,700
Marketable Securities 10,178 50,001
Trade Receivables, net 1,125,097 601,271
Trade Receivables - Related Parties, net 31,892
Deposits and other receivables 21,748 23,782
Inventories, net 2,148,007 2,036,521
Prepaid expenses 99,479 168,277
Prepaid expenses - Related Parties 380,789 202,500
Total Current Assets 3,920,431 3,186,944
Non-Current Assets    
Prepaid expenses - Related Party 53,456 270,183
Property, Plant and Equipment, net 242,048 259,392
Intangible Assets, net 1,173,444 1,301,775
Other Assets 76,093 66,813
Total Non-Current Assets 1,545,041 1,898,163
Total Assets 5,465,472 5,085,107
Current Liabilities    
Trade and Other Payables 1,637,547 1,463,363
Trade and Other Payables - Related Parties 20,245 234,067
Deferred Revenue 12,500  
Total Current Liabilities 1,670,292 1,697,430
Total Liabilities 1,670,292 1,697,430
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, no shares issued and outstanding as of September 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 September 30, 2017 and December 31, 2016 104,628,437 100,891,786
Deferred Compensation (8,788) (24,572)
Accumulated Deficit (100,824,469) (97,479,537)
Accumulated Other Comprehensive Income
Total Stockholders' Equity 3,795,180 3,387,677
Total Liabilities and Stockholders' Equity $ 5,465,472 $ 5,085,107