Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 5,889,744 $ 6,903,887
Accounts receivable, net 27,553 7,701
Inventory 10,134 12,957
Prepaid expenses 40,587 55,533
Capitalized licensing rights, net 82,500 80,000
Trading securities, at market value 794,441 324,444
Total Current Assets 6,844,959 7,384,522
Property and equipment, net 286,139 274,886
Intangible assets, net 20,407 21,307
Other assets 22,299 22,299
TOTAL ASSETS 7,173,804 7,703,014
Current Liabilities:    
Accounts payable and accrued liabilities $ 138,829 104,871
Related party accounts payable 7,506
Total Current Liabilities $ 138,829 112,377
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2016 and 2015; 20,000 Class E shares issued and outstanding as of March 31, 2016 and 2015 13 13
Common Stock, $0.0001 par value, 250,000,000 shares authorized 153,183,127 and 151,508,127 shares issued and outstanding as of March 31, 2016 and 2015 15,319 15,151
Additional paid-in capital 31,527,375 31,269,822
Accumulated deficit (24,507,732) (23,694,349)
Total Stockholders' Equity 7,034,975 7,590,637
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,173,804 7,703,014
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 March 31, 2016 and 2015; 20,000 Class E shares issued and outstanding as of March 31, 2016 and 2015 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 March 31, 2016 and 2015; 20,000 Class E shares issued and outstanding as of March 31, 2016 and 2015 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2