Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash $ 72,700 $ 402,059
Marketable Securities 50,001 4,025,104
Trade Receivables, net 601,271 609,195
Trade Receivables - Related Party, net 31,892 31,512
Deposits and other receivables 23,782 95,577
Inventories, net 2,036,521 1,131,654
Prepaid expenses 168,277 185,967
Prepaid expenses - Related Party 202,500
Total Current Assets 3,186,944 6,481,068
Non-Current Assets    
Prepaid expenses - Related Party 270,183
Property, Plant and Equipment, net 259,392 251,145
Intangible Assets, net 1,301,775 1,472,883
Other Assets 66,813 66,813
Total Non-Current Assets 1,898,163 1,790,841
Total Assets 5,085,107 8,271,909
Current Liabilities    
Trade and Other Payables 1,463,363 1,668,731
Trade and Other Payables - Related Party 234,067
Total Current Liabilities 1,697,430 1,668,731
Total Liabilities 1,697,430 1,668,731
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock, No par value, 50,000,000 shares authorized, no shares issued and outstanding as of December 31, 2016 and 2015
Common Stock, No par value, 500,000,000 shares authorized, 5,452,545 and 5,425,045 issued and outstanding as of December 31, 2016 and 2015 100,891,786 100,785,408
Deferred Compensation (24,572)
Accumulated Deficit (97,479,537) (94,175,999)
Accumulated Other Comprehensive Loss (6,231)
Total Stockholders' Equity 3,387,677 6,603,178
Total Liabilities and Stockholders' Equity $ 5,085,107 $ 8,271,909