Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash $ 1,570,167 $ 6,684,576
Accounts receivable, Net 33,045 0
Prepaid expenses 169,839 156,730
Inventory 1,878 0
Total Current Assets 1,774,929 6,841,306
Property and Equipment, net of accumulated depreciation 24,838 24,450
Deposits 2,751 0
Developed Technology, net 2,678,571 0
Trademark, net 595,000 0
Goodwill 6,455,645 0
Total Assets 11,531,734 6,865,756
Current Liabilities    
Accounts payable 278,309 0
Accrued liabilities 100,317 140,678
Interest payable 76,712 219,429
Notes payable 134,540 0
Total Current Liabilities 589,878 360,107
Long-Term Liabilities    
Convertible debt, net of debt discount 753,914 0
Notes payable, net of current portion 164,726 0
Deferred Rent 491 0
Total Long-Term Liabilities 919,131 0
Total Liabilities 1,509,009 360,107
Stockholders' Equity    
Preferred stock - $.001 par value: 500,000 shares authorized, no shares outstanding 0 0
Common stock - $.001 par value: 49,500,000 shares authorized, 11,256,175 and 9,172,480 shares issued at December 31, 2015 and December 31, 2014, respectively, 11,048,203 and 9,172,480 shares outstanding at December 31, 2015 and December 31, 2014, respectively 11,256 9,173
Additional paid-in capital 20,144,911 10,106,841
Accumulated deficit (10,133,442) (3,610,365)
Total Stockholders' Equity 10,022,725 6,505,649
Total Liabilities and Stockholders' Equity $ 11,531,734 $ 6,865,756