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CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and Cash Equivalents $ 5,916,068 $ 160,560
Cash - Restricted (Note 6) 0 105,776
Accounts Receivable, net 1,414,576 441,153
Inventories (Note 3) 1,395,175 772,833
Deposits on Merchandise (Note 11) 442,358 0
Prepaid Expenses 76,730 35,404
Other Assets 36,613 36,644
Deferred Financing Costs - net (Note 6) 0 199,625
Total Current Assets 9,281,519 1,751,995
Property & Equipment - net (Note 4) 250,264 288,159
Other Assets:    
Intangible Assets - net (Note 5) 2,287,548 2,657,056
Security Deposits 4,700 6,552
Total Other Assets 2,292,248 2,663,608
TOTAL ASSETS 11,824,031 4,703,762
Current Liabilities:    
Accounts Payable and Accrued Expenses 1,087,978 448,063
Accrued Interest on Convertible Notes (Note 6) 0 211,417
Accrued Officers Compensation (Note 9) 0 41,000
Common Stock to be Issued (Note 13) 52,721 35,925
Customer Deposits 35,111 19,716
Deferred Rent 14,745 15,236
Advances on Grant (Note 11) 210,503 0
Derivative Liability (Note 7) 0 1,728,883
Convertible Notes Payable, net of discount at December 31, 2014 of $3,996,033 (Note 6) 0 1,077,967
Total Current Liabilities 1,401,057 3,578,207
Total Liabilities $ 1,401,057 $ 3,578,207
Commitments and Contingencies
Stockholders' Equity ( Deficiency):    
Cumulative Convertible Series A Preferred Stock; par value $0.01, 1,000,000 shares authorized; 510,000 shares issued and outstanding at December 31, 2015 and 2014 $ 5,100 $ 5,100
Cumulative Convertible Series B Preferred Stock; $1,000 stated value; 7.5% Cumulative dividend; 4,000 shares authorized; none issued and outstanding at December 31, 2015 and 2014 0 0
Common stock; par value $0.01, 200,000,000 shares authorized; 120,063,180 and 83,646,275 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively. 1,200,632 836,463
Additional Paid-in Capital 40,391,216 19,281,647
Accumulated Deficit (31,173,973) (18,997,655)
Total Stockholders' Equity 10,422,974 1,125,555
Total Liabilities and Stockholders' Equity $ 11,824,031 $ 4,703,762