Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 275,522 $ 181,755
Marketable Securities 4,477,525 5,272,998
Trade Receivables, net 324,524 176,326
Deposits and other receivables 9,347
Inventories, net 601,300 585,267
Prepaid expenses 283,435 444,435
Total Current Assets 5,962,306 6,670,128
Non-Current Assets    
Prepaid expenses 276,601 298,256
Restricted Cash 480,000 500,000
Property, Plant and Equipment, net 78,021 83,456
Intangible Assets, net 233,409 243,411
Other Assets 12,002 12,002
Total Non-Current Assets 1,080,033 1,137,125
Total Assets 7,042,339 7,807,253
Current Liabilities    
Trade and Other Payables 2,076,421 1,973,500
Total Liabilities 2,076,421 1,973,500
Commitments and Contingencies
SHAREHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, 0 and 0 shares issued and outstanding as of March 31, 2019 and December 31, 2018
Common Stock, No par value, 500,000,000 shares authorized, 12,497,708 and 12,482,708 issued and outstanding as of March 31, 2019 and December 31, 2018 121,574,327 121,554,547
Comprehensive Loss 3,430 (25,913)
Accumulated Deficit (116,611,839) (115,694,881)
Total Shareholders' Equity 4,965,918 5,833,753
Total Liabilities and Shareholders' Equity $ 7,042,339 $ 7,807,253