Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 5,014,010 $ 6,903,887
Accounts receivable, net 22,493 7,701
Inventory 10,205 12,957
Prepaid expenses 99,270 55,533
Capitalized licensing rights, net 75,000 80,000
Trading securities, at market value 544,266 324,444
Total Current Assets 5,765,244 7,384,522
Property and equipment, net 263,899 274,886
Intangible assets, net 19,506 21,307
Deferred acquisition costs 471,574
Other assets 22,299 22,299
TOTAL ASSETS 6,542,522 7,703,014
Current Liabilities:    
Accounts payable and accrued liabilities 79,420 104,871
Related party accounts payable 7,506
Total Current Liabilities 79,420 112,377
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2016 and 2015; 20,000 Class E shares issued and outstanding as of June 30, 2016 and 2015 13 13
Common Stock, $0.0001 par value, 250,000,000 shares authorized 153,000,627 and 151,508,127 shares issued and outstanding as of June 30, 2016 and 2015 15,300 15,151
Additional paid-in capital 32,093,951 31,269,822
Accumulated deficit (25,646,162) (23,694,349)
Total Stockholders' Equity 6,463,102 7,590,637
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 6,542,522 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 June 30, 2016 and 2015; 20,000 Class E shares issued and outstanding as of June 30, 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 June 30, 2016 and 2015; 20,000 Class E shares issued and outstanding as of June 30, 2016 and 2015 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2