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 and cash equivalents $ 3,204,000 $ 6,904,000
Accounts receivable, net 44,000 8,000
Other receivable 200,000
Inventory 12,000 13,000
Prepaid expenses 50,000 56,000
Trading securities, at market value 59,000 324,000
Total Current Assets 3,569,000 7,305,000
Property and equipment, net 211,000 275,000
Intangible assets, net 18,000 21,000
Capitalized licensing rights, net 40,000 80,000
Other assets 22,000 22,000
TOTAL ASSETS 3,860,000 7,703,000
Current Liabilities:    
Accounts payable and accrued liabilities 176,000 105,000
Related party accounts payable 7,000
Total Current Liabilities 176,000 112,000
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, 2016 and 2015; 20,000 Class E shares issued and outstanding as of December 31, 2016 and 2015 13 13
Common Stock, $0.0001 par value, 250,000,000 shares authorized 157,637,026 and 151,508,127 shares issued and outstanding as of December 31, 2016 and 2015 15,763 15,151
Additional paid-in capital 34,752,224 31,269,836
Accumulated deficit (31,084,000) (23,694,000)
Total Stockholders' Equity 3,684,000 7,591,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 3,860,000 7,703,000
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, 2016 and 2015; 20,000 Class E shares issued and outstanding as of December 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 December 31, 2016 and 2015; 20,000 Class E shares issued and outstanding as of December 31, 2016 and 2015 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2