Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 6,903,887 $ 6,994,180
Accounts receivable, net 7,701 4,271
Inventory 12,957 14,499
Prepaid expenses 55,533 $ 60,819
Capitalized licensing rights 80,000
Trading securities, at market value 324,444 $ 6,026,780
Total Current Assets 7,384,522 13,100,549
Property and equipment, net 274,886 155,250
Intangible assets, net 21,307 5,000
Other assets 22,299 15,000
TOTAL ASSETS 7,703,014 13,275,799
Current Liabilities:    
Accounts payable and accrued liabilities 104,871 72,550
Related party accounts payable 7,506 270,000
Total Current Liabilities 112,377 342,550
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2015 and 2014; 20,000 Class E shares issued and outstanding as of December 31, 2015 and 2014 13 13
Common Stock, $0.0001 par value, 250,000,000 shares authorized 151,508,127 and140,627,710 shares issued and outstanding as of December 31, 2015 and December 31, 2014 $ 15,151 14,063
Common stock issuable, 0 and 5,500,000 shares as of December 31, 2015 and December 31, 2014 987,500
Additional paid-in capital $ 31,269,822 26,681,601
Accumulated deficit (23,694,349) (14,749,928)
Total Stockholders' Equity 7,590,637 12,933,249
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,703,014 13,275,799
Class A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2015 and 2014; 20,000 Class E shares issued and outstanding as of December 31, 2015 and 2014 11 11
Total Stockholders' Equity 11 11
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 11 11
Class E Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2015 and 2014; 20,000 Class E shares issued and outstanding as of December 31, 2015 and 2014 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2