XML 1074 R22.htm IDEA: XBRL DOCUMENT
v3.10.0.1

COMPARATIVE CONSOLIDATED FINANCIALS (UNAUDITED) | 3 Months Ended
--- | ---
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Comparative Consolidated Financials | NOTE 15 – Comparative Consolidated Financials (Unaudited) The consolidated statement of operations and cash flows for the three-months ended March 31, 2017 follows: Statement of Operations
|  | March 31, 2017 (Unaudited)
Gross Sales |  | $ | 653,784 |
Customer incentives, discounts, returns, and allowances |  |  | - |
Net sales |  |  | 653,784 |
Cost of Goods Sold, includes depreciation and amortization of $19,421 and |  |  |  |
federal excise taxes of $64,055 for the three months ended March 31, 2017 |  |  | 474,890 |
Gross Margin |  |  | 178,894 |
Operating Expenses |  |  |  |
Selling and marketing |  |  | 116,833 |
Corporate general and administrative |  |  | 578,402 |
Employee salaries and related expenses |  |  | 167,987 |
Depreciation expense |  |  | 379 |
Total operating expenses |  |  | 863,601 |
Loss from Operations |  |  | (684,707 | )
Other Income (Expenses) |  |  |  |
Loss on vendor notes receivable collectability |  |  | (1,414,921 | )
Interest expense |  |  | (421,180 | )
Profit (Loss) before Income Taxes |  |  | (2,520,808 | )
Provision for Income Taxes |  |  | - |
Net Profit (Loss) |  | $ | (2,520,808 | )
Loss per share |  |  |  |
Basic and fully diluted: |  |  |  |
Weighted average number of shares outstanding |  |  | 17,118,431 |
Loss per share |  | $ | (0.15 | )
Statement of Cash Flows
|  | March 31, 2017 (Unaudited)
Cash flows from operating activities: |  |
Net (Loss) |  | $ | (2,520,808 | )
Adjustments to reconcile Net (Loss) to Net Cash provided by operations: |  |  |  |
Debt discount amortization |  |  | 356,250 |
Depreciation and amortization |  |  | 11,343 |
Common stock issued for legal fees |  |  | 124,000 |
Uncollectible vendor notes receivable |  |  | 1,414,921 |
Changes in Current Assets and Liabilities |  |  |  |
Vendor advances receivable |  |  | 186,486 |
Accounts receivable |  |  | 4,546 |
Other receivables |  |  | (2,465 | )
Inventories |  |  | (765,320 | )
Prepaid expenses |  |  | 9,927 |
Accounts payable |  |  | 252,984 |
Accounts payable |  |  | 66,383 |
Accrued liabilities |  |  | 86,785 |
Net cash used in operating activities |  |  | (766,511 | )
Cash flows from investing activities |  |  |  |
Purchase of equipment |  |  | (36,017 | )
Net cash used in investing activities |  |  | (36,017 | )
Cash flow from financing activities |  |  |  |
Note payment - related party |  |  | (362,000 | )
Insurance premium note payments |  |  | (79,328 | )
Sale of common stock |  |  | 1,350,875 |
Organization and fundraising costs |  |  | (17,000 | )
Net cash provided by financing activities |  |  | 892,547 |
Net increase in cash |  |  | 90,019 |
Cash, beginning of period |  |  | 10,116 |
Cash, end of period |  | $ | 100,135 |
Supplemental cash flow disclosures |  |  |  |
Cash paid during the period for - |  |  |  |
Interest |  | $ | 1,297 |
Income taxes |  | $ | - |
Non-cash investing and financing activities: |  |  |
Vendor note receivable foreclosure - |  |  |
Vendor notes receivable |  | $ | 1,170,079 |
Vendor advances receivable |  |  | (96,552 | )
Accounts receivable |  |  | (20,965 | )
Inventories |  |  | (509,447 | )
Equipment |  |  | (543,115 | )
Other receivables |  |  | (20,811 | )
Accounts payable |  |  | 20,811 |
Insurance premium note payable |  |  | 180,761 |
Prepaid expenses |  |  | (180,761 | )
Common stock |  |  | 601 |
Additional paid-in-capital |  |  | (601 | )
|  | $ | - |

X
- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph d -Subparagraph 4 -Subsection 10 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph c -Subparagraph 4 -Subsection 10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph a -Subsection 04 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph e -Subparagraph 4 -Subsection 10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph f -Subparagraph 4 -Subsection 10 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
Name: | srt_CondensedFinancialStatementsTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration