Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 2,090  
Accounts receivable   $ 1,310
Prepaid expenses and other current assets 47,722 107,858
Assets held for sale 42,000  
Inventory   219,203
Current assets from discontinued operations 12,350 54,648
Total current assets 104,162 383,019
Other assets:    
Equipment, net of depreciation 159 358,956
Intangible assets, net of amortization   1,696,430
Other assets from discontinued operations   107,457
Total other assets 159 2,162,843
Total assets 104,321 2,545,862
Current liabilities:    
Accounts payable 159,249 153,931
Accrued liabilities 95,339 94,167
Deferred revenue   58,165
Interest payable 161,608 7,821
Income taxes payable 200 100
Loan payable, current   56,486
Senior secured notes payable 947,361  
Current portion of unsecured notes payable 419,033 20,000
Current liabilities from discontinued operations 300,338 453,193
Total current liabilities 2,083,128 843,863
Long-term liabilities:    
Loan payable   133,834
Unsecured notes payable   360,232
Total long-term liabilities   494,066
Total liabilities 2,083,128 1,337,929
Commitments and contingencies
Stockholders' equity:    
Preferred stock value 18 18
Common stock value 1,102 1,095
Additional paid-in capital 14,322,366 14,111,944
Accumulated deficit (14,874,680) (11,848,818)
Stockholders' equity from discontinued operations (1,427,613) (1,056,306)
Total stockholders' equity (1,978,807) 1,207,933
Total liabilities and stockholders' equity $ 104,321 $ 2,545,862