XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 894,229 $ 2,517,642
Restricted cash 138,380 100,000
Accounts receivable, net 1,445,003 2,195,391
Prepaid expenses 1,393,803 1,348,602
Inventory, net 1,013,889 1,102,777
Total Current Assets 4,885,304 7,264,412
Fixes assets, net 274,533 257,386
Goodwill 7,793,240 7,793,240
Intangible assets, net 5,318,250 5,145,434
Total Assets 18,271,327 20,460,472
Current Liabilities:    
Accounts payable and accrued liabilities 3,768,781 4,558,919
Deferred revenue 10,813 36,000
Provision for income taxes payable 89,774 973,177
Current portion of long-term debt, net of debt discount and debt issuance cost, related party 3,340,644 5,890,903
Current portion of long-term debt 750,000
Total Current Liabilities 7,210,012 12,208,999
Long-term Liabilities:    
Royalty payable 275,044 313,752
Note payable, net of debt discount and debt issuance cost, related party 277,381 830,245
Total Long-term Liabilities 552,425 1,143,997
Total Liabilities 7,762,437 13,352,996
Stockholders’ Equity:    
Common stock, $0.00001 par value; 300,000,000 shares authorized; 89,237,683 and 88,764,357 shares issued and outstanding, respectively 892 888
Common stock to be issued (125,000 shares) 56,250 56,250
Additional paid in capital 17,322,387 16,400,316
Accumulated other comprehensive (loss) income (13,110) 16,022
Accumulated deficit (6,857,529) (9,366,000)
Total stockholders’ equity 10,508,890 7,107,476
Total Liabilities and Stockholders’ Equity $ 18,271,327 $ 20,460,472