Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 3,865,074 $ 6,903,887
Accounts receivable, net 22,018 7,701
Inventory 10,228 12,957
Prepaid expenses 82,021 55,533
Trading securities, at market value 330,631 324,444
Total Current Assets 4,309,972 7,304,522
Property and equipment, net 237,290 274,886
Intangible assets, net 18,606 21,307
Capitalized licensing rights, net 267,500 80,000
Deposit on acquisition 471,574
Other assets 22,299 22,299
TOTAL ASSETS 5,327,241 7,703,014
Current Liabilities:    
Accounts payable and accrued liabilities 183,028 104,871
Related party accounts payable 7,506
Total Current Liabilities 183,028 112,377
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2016 and 2015; 20,000 Class E shares issued and outstanding as of September 30, 2016 and 2015 13 13
Common Stock, $0.0001 par value, 250,000,000 shares authorized 154,708,712 and 151,508,127 shares issued and outstanding as of September 30, 2016 and 2015 15,470 15,151
Additional paid-in capital 32,798,442 31,269,822
Accumulated deficit (27,669,712) (23,694,349)
Total Stockholders' Equity 5,144,213 7,590,637
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 5,327,241 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 September 30, 2016 and 2015; 20,000 Class E shares issued and outstanding as of September 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 September 30, 2016 and 2015; 20,000 Class E shares issued and outstanding as of September 30, 2016 and 2015 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2