XML 11 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 1,153,902 $ 782,853
Accounts receivable 1,769,814 1,255,596
Accounts receivable - related party 228,869 171,392
Inventory 2,075,952 3,093,521
Equity investment 1,826,160
Prepaid expenses and other current assets 1,680,635 1,482,192
Prepaid expenses and other current assets - related party 4,225,473 2,724,972
TOTAL CURRENT ASSETS 12,960,805 9,510,526
Other assets 458,719 1,008,579
Property and equipment, net 125,101 114,567
Intangible assets, net 38,023 41,994
TOTAL ASSETS 13,582,648 10,675,666
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 1,914,314 1,778,333
Accounts payable and accrued expenses - related party 398,468 387,847
Convertible notes payable, net of unamortized discount of $1,939,345 and $2,989,110, respectively 169,935 121,604
Notes Payable, net of amortized discount of $10,757 and $126,763, respectively 10,715,376 9,951,745
Notes payable - related party 76,511 97,979
Loans payable - related party 760,324 7,213
Taxes payable 1,423,673 1,358,789
TOTAL CURRENT LIABILITIES 15,458,601 13,703,510
Share settled debt obligation 1,554,590
TOTAL LIABILITIES 17,013,191 13,703,510
Commitments and Contingencies (see Note 9)
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001 par value; 100,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively
Common stock, $0.001 par value; 300,000,000 shares authorized; 13,495,394 and 12,825,393 shares issued and 13,336,705 and 12,666,704 outstanding as of June 30, 2018 and December 31, 2017, respectively 13,495 12,825
Additional paid-in capital 7,545,773 5,652,429
Accumulated other comprehensive loss (1,338,917) (1,385,229)
Accumulated deficit (9,485,400) (7,211,987)
Treasury Stock, 158,689 and 138,689 shares as of June 30, 2018 and December 31, 2017, respectively (165,494) (95,882)
TOTAL STOCKHOLDERS' DEFICIT (3,430,543) (3,027,844)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 13,582,648 $ 10,675,666