Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 181,755 $ 438,432
Marketable Securities 5,272,998 5,011,607
Trade Receivables, net 176,326 964,671
Deposits and other receivables 9,347 16,590
Inventories, net 585,267 947,612
Prepaid expenses 444,435 396,987
Total Current Assets 6,670,128 7,775,899
Non-Current Assets    
Prepaid expenses 298,256 120,118
Restricted Cash 500,000
Property, Plant and Equipment, net 83,456 235,113
Intangible Assets, net 243,411 1,130,667
Other Assets 12,002 76,093
Total Non-Current Assets 1,137,125 1,561,991
Total Assets 7,807,253 9,337,890
Current Liabilities    
Trade and Other Payables 1,973,500 1,785,037
Total Liabilities 1,973,500 1,785,037
Commitments and Contingencies
SHAREHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, 0 and 1,755 shares issued and outstanding as of December 31, 2018 and 2017 1,755,000
Common Stock, No par value, 500,000,000 shares authorized, 12,482,708 and 5,534,692 issued and outstanding as of December 31, 2018 and 2017 121,554,547 110,647,169
Deferred Compensation (3,469)
Comprehensive Loss (25,913)
Accumulated Deficit (115,694,881) (104,845,847)
Total Shareholders' Equity 5,833,753 7,552,853
Total Liabilities and Shareholders' Equity $ 7,807,253 $ 9,337,890