XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:      
Cash and cash equivalents $ 1,153,902 $ 782,853 $ 716,590
Accounts receivable 1,769,814 1,255,596 661,850
Accounts receivable - related party 228,869 171,392
Inventory 2,075,952 3,093,521 464,219
Other receivable 1,826,160 131,900
Prepaid expenses and other current assets 1,680,635 1,482,192 646,530
Prepaid expenses and other current assets - related party 4,225,473 2,724,972 15,523
TOTAL CURRENT ASSETS 12,960,805 9,510,526 2,636,612
Other assets 458,719 1,008,579 429,203
Property and equipment, net 125,101 114,567 52,715
Intangible assets, net 38,023 41,994
TOTAL ASSETS 13,582,648 10,675,666 3,118,530
CURRENT LIABILITIES:      
Accounts payable and accrued expenses 1,914,314 1,778,333 577,932
Accounts payable and accrued expenses - related party 398,468 387,847 13,759
Convertible notes payable, net of unamortized discount of $2,989,110 and $0, respectively 169,935 121,604
Notes payable, net of unamortized discount of $126,763 and $110,561, respectively 10,715,376 9,951,745 2,872,472
Notes payable - related party 76,511 97,979 160,391
Loans payable 17,938
Loans payable - related party 760,324 7,213 148,250
Taxes payable 1,423,673 1,358,789 1,080,590
TOTAL CURRENT LIABILITIES 15,458,601 13,703,510 4,871,332
Share settled debt obligation 1,554,590
TOTAL LIABILITIES 17,013,191 13,703,510 4,871,332
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 December 31, 2017 and December 31, 2016, respectively
Common stock, $0.001 par value; 300,000,000 shares authorized; 12,825,393 and 12,587,053 shares issued and 12,666,704 and 12,587,053 outstanding as of December 31, 2017 and December 31, 2016, respectively 13,495 12,825 12,587
Additional paid-in capital 7,545,773 5,652,429 287,293
Accumulated other comprehensive loss (1,338,917) (1,385,229) (1,050,463)
Accumulated deficit (9,485,400) (7,211,987) (1,002,219)
Treasury Stock (165,494) (95,882)
TOTAL STOCKHOLDERS' DEFICIT (3,430,543) (3,027,844) (1,752,802)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 13,582,648 $ 10,675,666 $ 3,118,530