v3.5.0.2
Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 1,152,725 $ 1,929,832
Accounts receivable, net of doubtful accounts 364,763 311,763
Deposits, current 400,000
Inventories, net 644,371 635,482
Due from affiliates 180,865
Loans receivable 160,500 160,500
Prepaid expenses and other assets 27,365 28,558
Total current assets 2,349,724 3,647,000
Other Assets:    
Intangible assets, net 128,442 224,589
Fixed assets, net 22,500 23,333
Due from affiliate 474,487
Minority investment in subsidiary 3,219,876 3,360,355
Costs in excess of billings 9,107
Other receivables 2,940
Deposits 69,730 69,730
Total other assets 3,917,975 3,687,113
TOTAL ASSETS 6,267,699 7,334,113
Current Liabilities:    
Accounts payable 1,913,724 1,866,785
Accrued expenses 1,265,039 1,454,020
Income tax payable 151,020 151,020
Accrued interest payable 288,225 820,654
Accrued interest payable - related party 397,314 378,267
Billings in excess of costs 47,841
Notes payable, net 373,367 354,981
Notes payable - related party 310,100 310,100
Current portion of convertible notes, net 854,538 839,718
Current portion of convertible debentures, net 112,909 2,366,426
Current portion of convertible debentures, net - related party 1,656,547 1,652,270
Derivative liabilities 13,012,330 11,185,625
Contingent liability 41,000 41,000
Amounts due to minority shareholders 158,284 158,284
Total current liabilities 20,582,239 21,579,150
Long term Liabilities:    
Convertible debentures 956,168 400,586
Convertible debentures - related party 200,000 325,000
Total long term liabilities 1,156,168 725,586
Total Liabilities 21,738,407 22,304,736
Stockholders' Equity (Deficit):    
Common Stock: $0.0001 par value, 10,000,000,000 authorized; 7,620,754,217 and 7,320,754,217 shares issued and outstanding, respectively 7,620,755 7,320,755
Additional paid in capital 12,349,295 12,463,791
Common stock subscription payable 181,074 181,074
Accumulated deficit (30,564,047) (30,149,913)
Bitzio, Inc. stockholders' equity (deficit) (10,384,731) (10,172,485)
Non-controlling interest (5,085,977) (4,798,138)
Total stockholders' equity (deficit) (15,470,708) (14,970,623)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 6,267,699 7,334,113
Redeemable Preferred Stock Series C [Member]    
Long term Liabilities:    
Redeemable preferred stock
Redeemable Preferred Stock Series E [Member]    
Long term Liabilities:    
Redeemable preferred stock 25,149 8,767
Series A Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock value 2,043 2,043
Series B Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock value
Series D Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock value
Series E Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock value 200 200
Series F Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock value $ 800 $ 800