Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets    
Cash $ 2,085,082 $ 72,700
Marketable Securities 157,475 50,001
Trade Receivables, net 517,061 601,271
Trade Receivables - Related Party, net 24,434 31,892
Deposits and other receivables 13,090 23,782
Inventories, net 2,169,732 2,036,521
Prepaid expenses 98,347 168,277
Prepaid expenses - Related Party 263,907 202,500
Total Current Assets 5,329,128 3,186,944
Non-Current Assets    
Prepaid expenses - Related Party 192,636 270,183
Property, Plant and Equipment, net 258,225 259,392
Intangible Assets, net 1,258,998 1,301,775
Other Assets 66,813 66,813
Total Non-Current Assets 1,776,672 1,898,163
Total Assets 7,105,800 5,085,107
Current Liabilities    
Trade and Other Payables 1,263,304 1,463,363
Trade and Other Payables - Related Party 95,883 234,067
Total Current Liabilities 1,359,187 1,697,430
Total Liabilities 1,359,187 1,697,430
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2017 and December 31, 2016
Common Stock, No par value, 500,000,000 shares authorized, 8,853,745 and 5,452,545 issued and outstanding as of March 31, 2017 and December 31, 2016 104,594,633 100,891,786
Deferred Compensation (19,369) (24,572)
Accumulated Deficit (98,828,807) (97,479,537)
Accumulated Other Comprehensive Income/(Loss) 156
Total Stockholders' Equity 5,746,613 3,387,677
Total Liabilities and Stockholders' Equity $ 7,105,800 $ 5,085,107