Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.3.1.900
BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 638,824 $ 95
Accounts receivable 9,431
Inventory $ 509,788 422,509
Prepaid expenses 13,623 51,768
Total current assets 1,162,235 483,803
Equipment, net 4,761 $ 3,465
Intangible assets $ 260,000
Deferred offering costs $ 75,000
Total assets $ 1,426,996 562,268
Current liabilities:    
Accounts payable - related party 396,819 103,194
Accrued compensation - related party 516,000 276,000
Advance from shareholder 55,504 $ 83,641
Derivative liabilities 88,983
Warrant liabilities 439,107
Total current liabilities 1,496,413 $ 462,835
Long-term liabilities:    
Convertible notes, less unamortized debt discount of $849,909 at December 31, 2015 12,591
Total long-term liabilities 12,591
Total liabilities $ 1,509,004 $ 462,835
Commitments and contingencies
Stockholders' (deficit) equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2015 and 2014, respectively
Common stock, $0.0001 par value, 150,000,000 shares authorized; 34,323,000 and 29,855,000 shares issued and outstanding at December 31, 2015 and 2014, respectively $ 3,432 $ 2,985
Additional paid-in-capital 3,241,137 728,715
Accumulated deficit (3,326,577) (632,267)
Total stockholders' (deficit) equity (82,008) 99,433
Total liabilities and stockholders' (deficit) equity $ 1,426,996 $ 562,268